Recent developments from the US Securities and Exchange Commission (SEC) signify a transformative change in the regulatory landscape for cryptocurrency custody. With the introduction of Staff Accounting Bulletin (SAB) 122, the SEC has replaced the controversial SAB 121, which had drawn criticism for its complex regulatory framework. The March 2023 update illuminates how this move
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The tides of institutional involvement in cryptocurrency are changing, as evidenced by recent engagements at the World Economic Forum in Davos, Switzerland. A notable mention was made by Morgan Stanley’s David Pick, who discussed the firm’s plans to collaborate with US regulators to enter the cryptocurrency market. This declaration signifies a monumental shift from the
In recent days, TORN, the native cryptocurrency of Tornado Cash, has amassed considerable market attention following a significant judicial decision. The tumultuous history of Tornado Cash reached a pivotal moment when a court overturned sanctions previously imposed by the U.S. Treasury’s Office of Foreign Assets Control (OFAC). This development sent TORN’s price soaring from around
The Commodity Futures Trading Commission (CFTC) recently witnessed a significant leadership change as Acting Chair Caroline Pham introduced Harry Jung as the new Acting Chief of Staff. This strategic selection marks a vital step in the CFTC’s repositioning within the quickly evolving landscape of financial regulation, particularly regarding crypto and digital assets. Jung’s background, which
The Pi Network has emerged as one of the most striking entities in the cryptocurrency landscape, garnering both immense popularity and substantial criticism. Its fundamental premise—that individuals can mine digital currency directly through their smartphones with minimal resource consumption—is appealing to a vast audience. However, despite being introduced nearly six years ago, the project continues
Bitcoin, the flagship cryptocurrency, currently finds itself in a precarious situation, teetering around the significant $100,000 mark. Throughout recent trading sessions, the cryptocurrency has experienced both bullish exuberance and stark volatility. Following a rebound from approximately $92,000, Bitcoin managed to reach above its previous psychological barrier of $100,000. However, the rapid ascent appears to have
In a pivotal move for the emerging field of digital assets, Senator Cynthia Lummis (R-Wyo.) has been appointed as the inaugural chair of the Senate Banking Subcommittee on Digital Assets. This announcement, made on January 23, sets the stage for Lummis to spearhead legislative initiatives aimed at establishing a robust regulatory framework for blockchain technology
The landscape of technology continuously evolves, and the intersection of messaging apps and blockchain technology is emerging as a vital frontier. At the forefront of this evolution is Telegram, a messaging application boasting over 950 million users, and The Open Network (TON), a blockchain initiative geared toward scalable and rapid transactions. This article examines the
The cryptocurrency market experienced significant turbulence in the last 24 hours, with Bitcoin (BTC) notably dropping from the $105,000 mark, plunging around $3,000 in value. This downturn has resonated throughout the altcoin landscape, resulting in a collective retreat for many major cryptocurrencies. Ethereum (ETH) has fallen to approximately $2,300, while Dogecoin (DOGE) sits at $0.35,
Ethereum (ETH) has recently found itself at a crossroads, grappling with significant market challenges. Once celebrated for its innovative capabilities and potential to transform industries through smart contracts and decentralized applications, Ethereum’s value has taken a hit as it faces continued price volatility. The disappointment following last week’s market crash illustrates the fragility of investor
