Semilore Faleti is not your average cryptocurrency writer; he is a specialized journalist with a unique talent for delving into the complexities of the blockchain and cryptocurrency world. His journey began with a broad range of writing subjects, but it was his natural ability to decode the intricate details of digital assets that set him
In the late 1990s, Berkshire Hathaway’s Vice Chairman, Charlie Munger, famously stated that the first $100,000 is crucial, even if it means extreme frugality. Fast forward to the present day, and the Bitcoin economy has seen over 450,000 BTC addresses holding Bitcoin worth $100,000 or more. This milestone has been reached multiple times, with the
After a long-awaited conclusion to the settlements phase of the trial, Ripple faced a much smaller fine than expected from the SEC. This decision by U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) resulted in a fine of just a little over $125 million, significantly lower than the requested
Celsius, a company that filed for bankruptcy two years ago, is now taking legal action against Tether for what they claim was the wrongful liquidation of over $800 million worth of BTC. The lawsuit, filed in the US Bankruptcy Court for the Southern District of New York on August 9, accuses Tether of breaking their
Opeyemi is not your average writer – he is a passionate enthusiast in the world of cryptocurrency. Despite not initially choosing the digital asset industry, he has found himself deeply immersed in it for over two years. His dedication to unraveling the complexities of blockchain technology and sharing insights on the latest trends in the
The recent development in the lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has resulted in Ripple being fined $125 million for violating certain securities laws. This amount is significantly lower than the initial demand of $2 billion from the regulator. Many industry participants are viewing this decision as a victory for
Whistleblowers have been playing a crucial role in enforcing regulations within the digital asset market. The Commodity Futures Trading Commission (CFTC) recently awarded over $1 million to a crypto whistleblower, highlighting the significance of insider information in identifying unlawful conduct. The CFTC’s Whistleblower Program, established under the Dodd-Frank Wall Street Reform and Consumer Protection Act
Stablecoin issuer Tether is gearing up for significant growth in the coming year as it aims to double its workforce. CEO Paolo Ardoino has revealed plans to increase the company’s headcount to around 200 employees by mid-2025. This expansion is aimed at bolstering key areas such as compliance and finance, particularly in managing the $118
In a recent analysis by renowned crypto trader and analyst, Peter Brandt, the competition between Ethereum and Solana was evaluated to determine which cryptocurrency was superior. Brandt pointed out the fundamental characteristics, strengths, and weaknesses of both altcoins to identify a clear winner in the ongoing debate. While Ethereum has been recognized as the second
Shibarium, the layer-2 scaling solution for Shiba Inu, has been making waves with its advancements in transaction processing speed, scalability, and cost reduction within the Shiba Inu ecosystem. The recent announcement of a hard fork launching the new Bor version has grabbed the attention of the crypto community. The upgrade, set to take place on
The Securities and Exchange Commission of Thailand (SEC Thailand) has taken a significant step towards promoting innovation in the financial sector with the launch of its Digital Asset Regulatory Sandbox. This initiative, as outlined in a recent press release, provides a structured environment for businesses to test and develop services related to digital assets within
In a recent research report by Grayscale, Bitcoin is predicted to potentially reach its all-time high later this year, depending on the U.S. economy’s ability to avoid a recession. This positive forecast comes after a period of stabilization in the cryptocurrency market and broader financial markets, which experienced significant declines recently. Grayscale Research also highlighted
OKX CEO Star Xu recently issued a warning to users regarding the potential risks associated with interacting with the sanctioned crypto mixer, Tornado Cash. In a statement shared on social media, Xu highlighted the importance of adhering to sanctions policies, especially those from the US. He pointed out that deposits from or withdrawals to entities
The recent regulatory action by the US Federal Reserve against Customers Bank has raised concerns in the cryptocurrency industry. The Fed’s move was prompted by violations of the Bank Secrecy Act, Anti-Money Laundering laws, and OFAC regulations due to the bank’s involvement with digital assets. Customers Bank has been mandated to enhance its oversight, risk