The recent decision by the SEC to close its investigation into Ethereum 2.0 has stirred up significant debate within the blockchain community. This development follows a letter from Consensys seeking clarity on the classification of ETH sales as securities transactions. Consensys’s announcement of the SEC’s decision as a victory for Ethereum developers and industry participants
Growing up in Edo State, Nigeria, I was surrounded by a supportive and loving family. My parents and siblings played a significant role in shaping my values and beliefs. They were not just family to me, they were my idols and mentors, guiding me through life’s ups and downs. Their unwavering support and encouragement have
The US Securities and Exchange Commission (SEC) has expressed worries regarding Circle’s stablecoin, USDC, as the company moves forward with plans to go public in a substantial initial public offering (IPO). According to reports from Barron’s, the regulatory agency has raised red flags about the potential classification of USDC and other stablecoins as securities under
Brazil’s Special Department of Federal Revenue is taking significant steps to regulate foreign crypto exchanges operating within the country. The tax department has announced plans to collect information from these exchanges to ensure their compliance with local regulations. This move comes as a response to the growing concerns regarding the operations of foreign exchanges and
Recent reports have surfaced regarding the Financial Supervisory Service (FSS) in South Korea instructing registered crypto exchanges to evaluate various tokens on their platforms. This directive is in line with the Virtual Asset User Protection Act, which requires exchanges to adhere to strict compliance and conduct regular assessments of listed tokens. The law also mandates
The recent data from CoinShares reveals a significant change in investor sentiment towards crypto funds, with outflows totaling $600 million following five weeks of consecutive inflows. This sudden shift in trend has sparked discussions within the crypto community about the possible reasons behind this exodus of funds from the market. The outflows were primarily concentrated
Ripple’s XRP has shown resilience in the face of negative market conditions, with its price rising by 1% in the past 24 hours and by 3% over the week. This performance has outshined other major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), which have all experienced dips in the same time frame.
Bitcoin experienced extreme volatility on Monday, with a significant drop to a new monthly low of $64,000. The altcoins did not fare any better, as many witnessed substantial declines, leading to over 190,000 traders facing losses. The weekend had been relatively stable for the primary digital asset, hovering around $66,000. However, Monday started off on
Crypto analyst Jelle has recently made a bold projection regarding Ethereum’s price, forecasting it to surge to $5,000 by the end of the year. This optimistic outlook comes at a time when Ethereum has been stabilizing above the $3,500 mark, following a correction from its peak in March. Jelle’s analysis points to a pivotal moment
In the aftermath of the FTX collapse, a legal battle has emerged over the millions of dollars in assets seized from Sam Bankman-Fried (SBF) and former FTX executives. Multiple parties are now seeking control of these assets, which include airplanes, funds in various banks, shares of Robinhood stock, and political contributions linked to FTX executives.
