The US Security and Exchange Commission’s (SEC) Office of Inspector General (OIG) is currently conducting an investigation into cryptocurrency-related financial conflicts of interest. This inquiry was prompted by the accountability group Empower Oversight, which uncovered concerning information about the SEC’s Ethics Office and a former official named William Hinman. Hinman is specifically accused of participating
Tron Founder Justin Sun has recently unveiled a groundbreaking Bitcoin Layer 2 roadmap, aiming to revolutionize the BTC network by enhancing scalability, speed, and security. This protocol also strives to integrate TRON tokens with the Bitcoin blockchain, enabling seamless interactions and interoperability. Sun’s announcement on February 15 highlights TRON’s commitment to the future of blockchain
In its latest financial report, cryptocurrency exchange Coinbase disclosed its net income and adjusted EBITDA for the fourth quarter and full year of 2023. For Q4 2023, Coinbase reported a net income of $273 million and an adjusted EBITDA of $305 million. Over the course of the entire year, it recorded a net income of
After examining the current price trends of Cosmos (ATOM), it is evident that the sentiment in the crypto community remains mixed. Analysts have pointed out that ATOM has been trading within a tight range of $8-12 for over 3 months, while other coins in the market have experienced surges. The recent minor downtick has led
A significant milestone has been achieved in Iowa with the approval of House File 2519 by the Judiciary Committee. This digital asset bill is a progressive step towards integrating digital assets and electronic records into commercial transactions. The bill focuses on enhancing legal clarity and security in digital transactions to cater to the evolving digital
The Chief Investment Officer at Build Asset Management, Matt Dines, has recently identified a classical “Cup and Handle” pattern in the Bitcoin (BTC) price chart. This technical formation is viewed as a strong bullish signal by market analysts and traders. The pattern consists of a “Cup” shape followed by a “Handle” formation, and it has
Genesis Global, a leading digital asset trading firm, has received approval from the bankruptcy court to sell a substantial number of shares in Grayscale Bitcoin Trust (GBTC). This decision, made by U.S. Bankruptcy Judge Sean Lane during a court hearing in New York, grants Genesis the authority to liquidate its holdings, including Grayscale Ethereum Trust
The perception that cryptocurrency plays a significant role in funding terrorist activities has been challenged by Brian Nelson, the Undersecretary for Terrorism and Financial Intelligence at the US Department of the Treasury. In his testimony before the House Financial Services Committee, Nelson provided insights that debunked the widely held beliefs surrounding the involvement of crypto
Crypto wallet users are currently facing a new wave of scams that exploit deceptive user interfaces (UIs), according to Hayden Adams, the founder of Uniswap. These scams involve fake clones of Ethereum Name Service (ENS) domains, which are used to deceive unsuspecting users and potentially steal their funds. In this particular scam, fraudsters purchase ENS
Bitcoin, the undisputed king of cryptocurrencies, is making headlines once again with its recent price surge that has propelled it past the coveted $50,000 mark. This rally, combined with an “extreme greed” reading on the Crypto Fear and Greed Index, suggests that the market is overflowing with optimism, but it also raises concerns about potential