In a significant development for the cryptocurrency sector, the US Securities and Exchange Commission (SEC) has unveiled Staff Accounting Bulletin (SAB) 122, effectively replacing its predecessor, the much-maligned SAB 121. This policy change comes as a relief for financial institutions and crypto stakeholders, who have long viewed the previous regulations as cumbersome hurdles to their
In recent days, the cryptocurrency landscape witnessed a notable event involving TORN, the native token of the controversial crypto mixing service Tornado Cash. This digital asset experienced a significant price surge after a court ruling that overturned prior sanctions imposed on Tornado Cash by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). The
As the landscape of financial regulation in the United States continues to evolve, recent leadership changes at key regulatory agencies signify potential shifts in policy and enforcement strategies, particularly in the realm of digital assets. The Commodity Futures Trading Commission (CFTC) is at the forefront of these changes, with Acting Chair Caroline Pham’s recent appointment
Pi Network has carved out a unique niche in the cryptocurrency landscape by offering users the ability to mine digital assets directly from their smartphones. This mobile-centric approach is designed to lower energy consumption and make crypto mining accessible to a broader audience. Launched nearly six years ago, Pi Network has garnered a significant user
In recent years, the term “blockchain” has entered the public lexicon, often associated with digital currencies like Bitcoin and complex technical jargon. Yet, the potential of this technology transcends mere finance. At the forefront of this evolution is the partnership of The Open Network (TON) and Telegram, a messaging platform boasting over 950 million active
In a pivotal move for the future of cryptocurrency and blockchain technology in the United States, Senator Cynthia Lummis from Wyoming has been appointed as the inaugural chair of the new Senate Banking Subcommittee on Digital Assets. This groundbreaking announcement was made public on January 23 and marks a significant commitment from Congress to engage
Bitcoin has been the talk of the financial world lately, as the cryptocurrency appears poised on the razor’s edge of a potentially significant price movement. Currently struggling to hold its ground above the $100,000 mark, Bitcoin’s recent performance raises questions about its future trajectory. While it momentarily broke this psychological barrier, investors are left grappling
In recent trading sessions, Bitcoin has experienced significant volatility, with its value deteriorating as it fell below the critical $105,000 mark. Within a 24-hour period, the cryptocurrency lost approximately $3,000, which has raised alarms among investors. This decline isn’t occurring in isolation; the broader cryptocurrency market is also facing downward pressure, with major altcoins like
In recent weeks, Ethereum (ETH) has found itself in a state of stagnation, leaving investors grappling with disappointment as the cryptocurrency has failed to rebound after a brief market crash. The price fluctuations and erratic behavior in trading have turned many day traders and long-term holders to a watchful waiting game, hoping for signs of
In a recent announcement, Coinbase CEO Brian Armstrong addressed the significant frustration among users due to prolonged transaction delays on the Solana network. This issue has become increasingly pressing as users experienced significant transaction setbacks, with some waiting for over 21 hours. Armstrong took to the platform X to communicate that the backlog has been