The US Securities and Exchange Commission (SEC) has taken a hard stance against crypto companies, imposing a staggering $4.68 billion in fines in 2024. This marks a significant increase from previous years, with the total fines reaching $7.42 billion since 2013. The SEC’s crackdown on the crypto sector reflects its commitment to enforcing securities regulations
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In recent months, Coinbase has experienced a significant decrease in market share, according to a report by research firm Kaiko. The crypto exchange, which previously held over half of the US market share earlier this year, saw its share drop to 41% in September from 53% in June. On the other hand, Bullish, a newer
After the recent hack on WazirX’s systems, Liminal took proactive steps to ensure the security of its infrastructure. Grant Thornton, a leading global auditor, conducted a thorough review to assess any potential vulnerabilities within Liminal’s platform. The audit revealed that Liminal’s systems were not compromised during the incident. No Evidence of Compromise The Grant Thornton
Friend.tech, a once-promising decentralized social media platform, has recently made a controversial decision to relinquish control of its smart contracts and transfer ownership to Ethereum’s null address. This move has sent shockwaves through the platform’s ecosystem, particularly affecting the value of the FRIEND token. While the immediate market reactions have been swift and negative, the
Ethereum, despite being one of the most popular cryptocurrencies, has been underperforming compared to other top cryptocurrencies by market cap. Investors have seen their positions turn into losses as the price of Ethereum continues to drop. As the price hovers dangerously close to falling below $2,000, there is a potential for a further downward movement.
Bitcoin (BTC) witnessed a considerable decline in price over the weekend, triggered by the disappointing August nonfarm payrolls (NFP) data. The cryptocurrency experienced a sharp drop of almost 5%, falling below the $54,000 mark, which was its lowest level since early August. The broader crypto market also felt the impact of this price weakness, with
As highlighted by crypto analyst Daan Crypto, the Bitcoin Rainbow Chart provides valuable insights into the current price action of the leading cryptocurrency. Daan Crypto suggested that for Bitcoin to enjoy a bullish reversal, it needs to hold above the $60,000 mark. Breaking above this key resistance level could potentially lead to new highs in
In recent times, the United States Federal Bureau of Investigation (FBI) has raised concerns about the increasing number of “aggressive” attacks by North Korean hackers targeted towards the cryptocurrency industry and companies involved in digital asset investment products. These attacks are not your ordinary cyber threats; they are sophisticated social engineering tactics that even individuals
Ethereum, once considered a strong competitor to Bitcoin, has seen a significant decline in performance since the Merge two years ago. What was once hailed as a revolutionary platform for decentralized applications and smart contracts is now on the brink of falling into undervaluation territory. Blockchain analytics platform CryptoQuant has identified several key factors contributing
Bitcoin has experienced a significant drop in its market price on crypto exchanges, plunging to its lowest level since the early August massacre. This decline occurred after the spot Bitcoin ETFs were approved in the US, signaling a surge in demand. Despite a previous rebound that saw Bitcoin reaching $65,000, the bearish trend has resurfaced,