Circle, a fintech company that issues the stablecoin USDC, is facing regulatory hurdles from the US Securities and Exchange Commission (SEC) as it seeks to go public in a multi-billion dollar initial public offering (IPO). The SEC has expressed concerns about the classification of USDC and other stablecoins as securities under US law, which could
Recently, Brazil’s Special Department of Federal Revenue announced that they will be intensifying their efforts to monitor foreign cryptocurrency exchanges. The goal is to ensure that these exchanges are adhering to local regulations and not engaging in any illegal activities. This move comes as a response to the growing popularity of cryptocurrencies in the country
Recently, South Korea’s Financial Supervisory Service (FSS) has come under scrutiny for its alleged involvement in the removal of digital assets from local cryptocurrency exchanges. Reports emerged claiming that the FSS had instructed exchanges like Upbit, Bithumb, and Gopax to evaluate various tokens on their platforms. This move was said to be in line with
David Hirsh, Chief of the Crypto Asset and Cyber Unit at the SEC, recently announced his resignation from the agency after spending nine years in the Division of Enforcement. In a post on LinkedIn, he expressed his gratitude towards his colleagues, mentors, and friends for their support throughout his tenure. Hirsh emphasized the collaborative nature
Recent data from CoinShares revealed that crypto funds experienced outflows totaling $600 million in the week ending June 14. This came after five consecutive weeks of inflows, signaling a shift in investor sentiment towards digital assets. The outflows were primarily seen in Bitcoin and Solana funds, with the former witnessing $621 million exits and the
The Vatican Library recently announced a groundbreaking project to increase Web3 usage by granting non-transferable NFTs to supporters of its manuscript collections. This initiative, currently in an experimental phase, is exclusively available to Italian backers of the Vatican Apostolic Library. Italian supporters have the opportunity to share the NFT project on their social media accounts
Aavegotchi has recently announced the upcoming Rarity Farming Season 8, which promises a substantial 150,000 GHST prize pool and a range of new features to enhance the competitive experience for players. This unique Web3 game combines NFT collectibles, decentralized finance (DeFi), and gaming into a captivating and engaging experience. The tournament schedule for Season 8
Ripple’s XRP has shown resilience in the face of negative market conditions, with its price recently increasing by 1% in the past 24 hours and by 3% over the course of the week. This growth surpasses Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) which all experienced a decrease of around 3% during the same
The cryptocurrency market experienced a tumultuous Monday, marked by extreme volatility that saw Bitcoin plummet to a new monthly low of $64,000. Altcoins also faced significant fluctuations, with many suffering massive declines. This sudden downturn resulted in over 190,000 traders being liquidated within a single day. Market Behavior and Price Movements Over the weekend, Bitcoin
Telegram Mini-Apps Tapswap and Yescoin are breaking ground by launching their own tokens on The Open Network (TON). This move signifies a significant shift towards integrating blockchain technology into mobile gaming, particularly driven by the rising popularity of clicker games on Telegram platforms. The surge in user engagement within clicker games on Telegram, such as
One prominent crypto analyst, Jelle, has recently made a bold projection regarding the price of Ethereum (ETH). According to Jelle’s analysis, Ethereum is poised to surge to $5,000 by the end of this year. This optimistic forecast is supported by a technical perspective that suggests Ethereum is currently in a phase of stabilization above the
On June 17, SEC crypto asset enforcement chief David Hirsch announced his departure from the agency after serving for almost nine years. He expressed pride in the work done by the Crypto Assets and Cyber Unit team under his leadership. Hirsch took on the role of leading the SEC’s Crypto Asset and Cyber Unit in
In the aftermath of the FTX collapse, a fierce legal battle has erupted over the millions of dollars in assets seized from former CEO Sam Bankman-Fried (SBF). Debtor parties, along with FTX Digital Markets, have filed a petition seeking control of the assets, arguing that they have a superior right to the seized funds and
The Ethereum Foundation recently made a significant transaction involving millions of Ethereum (ETH) tokens. This transfer, which amounted to 18,089 ETH (equivalent to $64.4 million), caught the attention of many in the crypto community. The wallet associated with the Ethereum Foundation moved these tokens to a new address, sparking speculation about the organization’s intentions and