The recent resignation of two SEC lawyers, Michael Welsh and Joseph Watkins, comes as no surprise given the controversies surrounding their handling of the legal case against crypto firm DEBT Box. According to reports, the two attorneys resigned in April after facing pressure from the regulator. It is concerning that neither lawyer responded to requests
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The Hong Kong Securities and Futures Professionals Association (HKSFPA) has put forward a proposal to establish independent self-regulatory organizations (SRO) specifically dedicated to overseeing the digital assets sector. This initiative comes in response to the rapid growth and increasing complexity of the industry. The goal is to enhance the regulatory landscape in order to support
FTX, a defunct exchange, has announced plans to hold an auction for its remaining Solana token holdings, urging creditors to participate in the process. This decision comes after previous sales were done directly to venture capital firms, sparking controversy among retail investors impacted by the collapse of the exchange. Sunil Kavuri, a prominent FTX creditor,
The Brazilian stock exchange, B3, recently made headlines in the cryptocurrency space by introducing Bitcoin futures into its offerings. This move came after the announcement in March, and on April 17, the trading of Bitcoin futures officially commenced on the platform. The response from the market was overwhelming, with a significant milestone achieved on the
Recently, Kenyan authorities have taken action to extradite Nadeem Anjarwalla, a Binance executive wanted by the Nigerian government. A joint operation involving various agencies like the Economics and Financial Crimes Commission (EFCC), Nigeria Police Force, Kenya Police Service, Federal Bureau of Investigation (FBI), and International Criminal Police Organization (INTERPOL) was successful in capturing Anjarwalla in
Drivers around the world have long faced obstacles when it comes to fueling and charging their vehicles. Fluctuating gas prices, inefficient transaction processes, and limited access to refueling and charging stations have created a landscape filled with frustration and uncertainty. These challenges have impacted daily commuters, road-trip enthusiasts, and eco-conscious drivers alike, making it difficult
The impending MiCA regulation is set to reshape the crypto industry, requiring crypto companies to ensure compliance for a smooth transition. As MiCA seeks to bring clarity and security to the crypto-asset market, companies operating in this space need to make significant adjustments to their processes to align with the new regulatory environment. MiCA mandates
Michael Saylor, the founder of MicroStrategy, has been actively selling off shares of his brainchild over the past several months. As part of a stock-sale agreement entered into last year, Saylor has the authorization to unload up to 400,000 shares until April of this year. So far, he has successfully cashed in 370,000 shares, totaling
As the Bitcoin Halving event is set to take place between April 20, Bitcoin’s market movement has been less pronounced, with the asset currently priced at $64,578. Analyst Rekt Capital has pointed out that historically, Bitcoin tends to reach its peak in the bull market between 518 and 546 days after a Halving event. Based
Bitcoin’s fourth halving recently occurred, reducing the Bitcoin block reward from 6.25 BTC to 3.125 BTC. This event is anticipated every four years and has significant implications for the cryptocurrency industry. The daily issuance of Bitcoin has now been cut in half, standing at around 450 Bitcoin compared to the previous approximately 900. This reduction
