Opeyemi is a writer who delves deep into the world of cryptocurrencies, unraveling the intricacies of blockchain technology. His passion for understanding the connections between price charts, on-chain movements, and blockchain activities sets him apart in the digital asset industry. Opeyemi goes beyond mere analysis, striving to enlighten others about the complexities of this evolving
Celsius, a crypto lender that filed for bankruptcy two years ago, has recently taken legal action against Tether for an alleged mishandling of over $800 million worth of BTC during a market downturn in mid-2022. The lawsuit claims that Tether violated a contract with Celsius, resulting in the liquidation of collateral that belonged to the
The recent conclusion of the settlements phase of the trial between Ripple Labs and the SEC resulted in a much smaller fine than originally requested by the regulatory body. U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) settled on a sum just over $125 million, which was significantly lower
Recently, Ripple found itself in the midst of a legal battle with the SEC over alleged violations of securities laws. The lawsuit concluded with the company being ordered to pay a $125 million fine, significantly less than the initial $2 billion demanded by the regulator. This outcome was viewed by many in the industry as
Whistleblowers play a crucial role in the Commodity Futures Trading Commission’s (CFTC) enforcement actions, especially in the digital asset markets. The recent award of over $1 million to a crypto whistleblower highlights the significance of insider information in uncovering unlawful conduct in this sector. The CFTC’s Director of Enforcement, Ian McGinley, emphasized the agency’s focus
In a recent comparison between Ethereum (ETH) and Solana (SOL), a renowned crypto analyst reignited the debate on which cryptocurrency is superior. The analyst, Peter Brandt, highlighted the fundamental characteristics, strengths, and weaknesses of both altcoins to determine a clear winner in the competition. Brandt’s analysis revealed several vulnerabilities within Ethereum, despite its position as
Tether, a leading stablecoin issuer, is planning to double its workforce within the next year. This move is part of the company’s efforts to strengthen areas such as compliance and finance. By mid-2025, Tether aims to have around 200 employees, up from its current staff size. Chief Executive Officer Paolo Ardoino highlighted the importance of
In an effort to support innovation and development in the digital asset sector, the Securities and Exchange Commission of Thailand (SEC Thailand) has rolled out a Digital Asset Regulatory Sandbox. This initiative provides a structured environment for businesses to test and enhance their services related to digital assets within a regulated framework. The Digital Asset
Coinbase, a leading cryptocurrency exchange, has taken a strong stance against the US Commodities Futures Trading Commission (CFTC) proposal that could potentially impact prediction markets such as Polymarket. By criticizing the broad and unclear definition of “gaming” in the proposal, Coinbase’s Chief Legal Officer, Paul Grewal, argues that the proposal goes beyond the Commission’s statutory
Grayscale Research has recently released a report suggesting that Bitcoin could reach its all-time high later this year. This prediction is contingent upon the U.S. economy avoiding a potential recession. The report highlights a period of stabilization in both the cryptocurrency market and broader financial markets following sharp declines in early August. Analysts at Grayscale
