The recent move by the US Securities and Exchange Commission to target various cryptocurrency platforms has sparked controversy once again. OpenSea, a popular NFT platform, is the latest to receive a Wells Notice from the SEC, indicating that the non-fungible tokens available on the platform could be considered unregistered securities. CEO Devin Finzer took to
Crypto
Binance, the world’s largest crypto exchange, has recently announced the addition of new trading pairs and services to its platform. This move aims to enhance users’ experience and respond to ongoing market trends. The new trading pairs such as DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC are set to be added to Binance Spot, along with the
The Cardano network is on the brink of one of its most significant upgrades to date, poised to introduce new features and usher in a new era of community-driven governance. Originally scheduled for deployment on August 27, the Chang hard fork has been delayed until September 1, 2024, to allow crypto exchanges like Binance to
Maker, a prominent DeFi lending protocol on Ethereum, has undergone a significant rebranding to “Sky” alongside essential upgrades to its decentralized stablecoin system. This transformation includes renaming the stablecoin from DAI to USDS and changing the governance token from MKR to SKY. These changes aim to enhance the accessibility and affordability of the protocol for
The recent announcement by Federal Reserve Chairman Jerome Powell regarding potential interest rate cuts has sent shockwaves through the financial markets. With the current benchmark rate for massive overnight money market loans from the central bank hovering between 5.25% and 5.5%, Powell’s endorsement of rate cuts has raised expectations of a new era of lower
In recent trading weeks, Bitcoin ETFs have been thriving, with over $500 million allocated to the largest US-based products. However, the opposite can be said for Ethereum ETFs, which are experiencing minor trading volumes and consistent withdrawals. The rough start of the month for spot Bitcoin ETFs, with losses exceeding $550 million in just three
The US Securities and Exchange Commission (SEC) recently opposed Richard Heart’s motion to dismiss a $1 billion securities fraud lawsuit, underscoring its jurisdiction over the case. The SEC argued in a brief filed in a New York federal court that Heart’s attempt to dismiss the lawsuit failed to address key allegations and disregarded pertinent legal
The recent arrest of Pavel Durov, the CEO of the popular messaging app Telegram, has sparked a wave of support from various celebrities and public figures. Notable names such as Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson have spoken out in defense of Durov following his controversial arrest in France. The outpouring
Shan Hanes, the former CEO of Heartland Tri-State Bank (HTSB), was sentenced to 293 months in federal prison for orchestrating a $47.1 million embezzlement scheme involving cryptocurrency fraud. Hanes executed 11 unauthorized wire transfers, diverting millions of dollars from the bank’s funds to a cryptocurrency wallet in a fraudulent investment scheme known as “pig butchering.”
Shibarium, a layer-2 blockchain solution built on the Ethereum network, has been making significant strides in the development of the Shiba Inu ecosystem. Its primary objectives include reducing transaction costs, improving speed, and enhancing scalability. Since its inception a year ago, the platform has achieved various milestones, with over 418 million transactions processed to date.