The recent closure of the SEC investigation into Hiro Systems and the Stacks blockchain marks a significant milestone in the history of the Bitcoin Layer-2 network. This investigation, which spanned over three years, was initiated following the first-ever SEC-qualified offering by Stacks in 2019. The closure of this investigation without any enforcement action being recommended
Born and raised in Edo State, Nigeria, I have always been surrounded by a strong support system that has molded me into the person I am today. My family, consisting of my parents and three siblings, has been the pillar of strength in my life. Their unwavering support and guidance have been instrumental in shaping
Bitcoin, the pioneering cryptocurrency, has been making waves in the financial markets with its recent all-time high above $73,000. This has raised questions among market watchers and analysts about whether Bitcoin has reached its peak for this market cycle. However, a crypto analyst known as ‘CryptoCon’ has provided a detailed analysis of Bitcoin’s price movements
Justin Sun, the well-known founder of Tron, a decentralized blockchain-based operating system, has recently made headlines for his substantial investment in Ethereum (ETH). Spot On Chain, an AI-driven on-chain analytics platform, revealed that Sun had purchased 1,614 ETH tokens at a price of approximately $3,097 per ETH, totaling $5 million. This latest transaction adds to
The UK Law Commission recently published a scoping paper discussing the legal characterization of Decentralized Autonomous Organizations (DAOs) in the country. DAOs are blockchain-based communities that work towards a common goal, such as investing in startups or acquiring historical artifacts. However, the Commission highlighted the difficulties in defining DAOs, as there is a lack of
The German state of Saxony is facing a rapid depletion of its Bitcoin reserves, with recent reports indicating that a significant amount of Bitcoin has been offloaded to various crypto exchanges. This comes after the government seized Bitcoin from the film piracy website Movie2K earlier this year and began auctioning off around $3 billion worth
In the fast-paced world of Web3 technology, managing your onchain activities can be a daunting task. However, Coinbase has introduced a solution in the form of the Coinbase Wallet Web3 app, designed to simplify and streamline your on-chain experience. In this article, we will explore the key features of this platform and why it could
Soccerverse, a blockchain-based football management game, has recently received a substantial investment of £2.5 million ($3.1 million) led by game publisher Square Enix. This funding round, supported by existing investor Hiro Capital, brings Soccerverse’s total funding to $4 million. This injection of capital signifies a significant moment for Soccerverse as it aims to revolutionize the
The recent decision by the US Securities and Exchange Commission (SEC) regarding exceptions for certain institutions impacted by Staff Accounting Bulletin No. 121 (SAB 121) has sparked debate within the financial industry. This move is seen as a significant development in the realm of crypto accounting compliance and has the potential to shape the future
Bitcoin’s price saw significant fluctuations recently, hitting close to $60,000 after the release of CPI numbers, only to plummet by over $2,000 shortly after. This rollercoaster ride has left investors on edge as the primary cryptocurrency struggles to maintain its momentum. With dramatic swings in price from multi-month lows to temporary peaks, Bitcoin’s volatility remains
