The recent Wells notice issued by the U.S. SEC to OpenSea has raised concerns about the regulation of digital assets, particularly non-fungible tokens (NFTs). The SEC’s allegation that some NFTs traded on the platform may be considered unregistered securities has put OpenSea in the regulatory spotlight. This development has sparked discussions about the potential consequences
In a surprising turn of events, former FTX executive Ryan Salame has decided to withdraw his petition to dismiss the indictment against Michelle Bond. This decision comes just days before a critical court hearing and signifies a significant shift in the legal proceedings surrounding the case. Salame’s legal team, in a letter dated August 29,
Congressman Wiley Nickel from North Carolina has recently taken a stand against the US Securities and Exchange Commission (SEC) for their “regulation by enforcement” approach. He believes that this method is damaging trust in the regulatory system and could potentially hinder digital innovation in the country. Nickel has been a strong advocate for the crypto
In a recent announcement, Japan’s Minister of Economy, Trade, and Industry, Takeru Saito, unveiled tax reforms aimed at fostering the growth of startups in the Web3 and blockchain sectors. This move signifies Japan’s strong support for innovation in the Web3 space. The reforms were presented at the WebX Conference, Tokyo’s premier event dedicated to cryptocurrencies,
The recent collaboration between Crypto.com, a prominent cryptocurrency exchange based in Singapore, and Standard Chartered, a multinational banking institution, has sent shockwaves through the crypto industry. This partnership aims to provide retail users worldwide with access to fiat services, specifically enabling the deposits and withdrawals of the United States dollar (USD), the euro (EUR), and
The latest report by TRM Labs has highlighted a concerning trend in the crypto industry – the prevalence of illicit activity at crypto ATMs. According to the report, these cash-to-crypto services have processed over $160 million in illicit volumes since 2019, with a significant proportion of transactions in 2023 alone being linked to fraudulent activities.
Opeyemi is a writer deeply immersed in the world of cryptocurrency. Despite not initially choosing the digital asset industry, he has become captivated by it over the past two years. He is known for creating insightful pieces that demystify blockchain technology and discuss the latest trends in cryptocurrencies. Opeyemi spends a significant amount of time
In the wake of Federal Reserve chair Jerome Powell’s comments at the Jackson Hole symposium, the demand for bitcoin (BTC) in the United States has been on the rise. This surge in interest has been reflected in the spike in the Coinbase Premium, reaching its highest level since July at 0.11%. The increase in demand
As the highly-anticipated 2024 bitcoin bull run unfolds, it is clear that things are not going as planned. Despite initially breaking its 2021 all-time high, the journey towards the coveted $100,000 mark has been met with setbacks and disappointments. Perplexity, a popular AI chatbot, has highlighted some key factors that could potentially propel another bullish
The US Securities and Exchange Commission (SEC) has been vocal about the need for retail investors to have more timely access to fund portfolio data. The current regulatory framework mandates that registered investment companies provide periodic portfolio holdings data to the Commission and investors. However, this data is often delayed, leaving investors with outdated information,
