The ongoing concerns raised by US Securities and Exchange Commission (SEC) Commissioner Hester Peirce regarding the SEC’s Staff Accounting Bulletin No. 121 (SAB 121) have stirred up a debate in the crypto industry. In a recent speech by SEC Chief Accountant Paul Munter on September 9, he reiterated the Commission’s unchanged stance on SAB 121.
In 2024, the US Securities and Exchange Commission (SEC) made headlines by imposing a staggering $4.68 billion in fines against various cryptocurrency companies. This amount represented the most aggressive regulatory efforts by the agency in its history, according to a report by Social Capital Markets. The total fines imposed by the SEC since 2013 amounted
In recent times, Gamee, a prominent player in the mobile gaming industry, has made a significant foray into the burgeoning blockchain gaming space with the introduction of its latest game, WatBird. This new game serves as a bridge between casual gaming and blockchain technology, aiming to provide an easily accessible entry point to the world
The landscape of the cryptocurrency market is constantly evolving, with new players emerging and established ones facing challenges. A recent report by research firm Kaiko has highlighted a significant shift in market share, particularly for leading exchange Coinbase. Coinbase, which once dominated more than half of the US crypto market share, has seen a sharp
In response to the recent hack on WazirX’s systems, Liminal took proactive measures to confirm the security of its infrastructure. Grant Thornton, a leading global auditor, conducted a comprehensive review to assess potential vulnerabilities within Liminal’s platform. The audit found no evidence of compromise in Liminal’s frontend, backend, or user interface, providing peace of mind
Friend.tech, once hailed as a decentralized social media platform with great promise, has hit a rough patch in recent times. The platform has been grappling with stagnation in user growth and a decline in user engagement. This decline in active users has left many in the Friend.tech community questioning the long-term viability of the platform.
Despite its popularity, Ethereum remains one of the worst performers among the top cryptocurrencies by market cap. The recent bearish movement in the market has caused the price of ETH to drop, putting many investors in a precarious position. If this trend continues, there is a real possibility that the price of Ethereum could fall
Bitcoin (BTC) recently experienced a significant price weakness over the weekend, triggered by the release of August nonfarm payrolls (NFP) data. The NFP data fell below analysts’ expectations, causing BTC to plummet by almost 5% and trade below the $54,000 range. This marked its lowest level since early August. Additionally, the broader crypto market also
Crypto analyst Daan Crypto has recently brought attention to a Bitcoin Rainbow Chart, shedding light on the current price action of the crypto market. Daan Crypto emphasized the importance of Bitcoin holding above the $60,000 mark in order to potentially see a bullish reversal. According to the analyst, breaking above $60,000 could pave the way
The United States Federal Bureau of Investigation recently released a report alerting the public to the “aggressive” attacks being carried out by North Korean hackers against the cryptocurrency industry. These attacks primarily involve the use of sophisticated social engineering tactics that are designed to deceive even those individuals within the crypto industry who are knowledgeable
When Ethereum transitioned from a Proof-of-Work to a Proof-of-Stake consensus mechanism in 2022, it was expected to usher in a new era of performance and value. However, two years after the Merge, Ethereum has faced significant challenges in maintaining its position relative to Bitcoin. One of the major reasons behind Ethereum’s underperformance is the inflationary
Bitcoin’s market price has recently fallen to its lowest point since the early August massacre, dipping below $50,000 for the first time since the approval of spot Bitcoin ETFs in the US. The cryptocurrency had previously rebounded from similar crashes, reaching $65,000 weeks later, but the recent trend shows bears regaining control, with the asset
Cardano (ADA) is currently facing a critical resistance level at $0.33, amidst a backdrop of fear and uncertainty in the market. Despite this challenging environment, there are indications that some investors view this as a potential buying opportunity, signaling optimism for a market recovery in the near future. According to data from IntoTheBlock, there is
In a significant legal development in Scotland, £110,000 has been confiscated from John Ross Rennie, a 29-year-old individual involved in a violent robbery. This milestone case represents the first instance where the proceeds of crime legislation have been utilized to seize cryptocurrency as physical cash. The verdict was delivered at the High Court in Edinburgh,