The battle between Ripple Labs and the United States Securities and Exchange Commission is heating up as the trial phase continues. One of the key developments in this case is the significant decrease in the fine demanded by the SEC. Initially seeking a fine of $2 billion, the Commission has now lowered its demand to
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Recently, the crypto trading platform Abra and its CEO, William “Bill” Barhydt, reached a settlement with 25 US state regulators. The regulators accused Abra of offering crypto trading services without proper licenses, resulting in a violation of state regulations. This settlement marks a significant development in the crypto space, highlighting the increasing scrutiny and regulation
Nigeria’s Securities and Exchange Commission (SEC) has recently given a 30-day ultimatum to crypto exchanges and digital asset traders to re-register their businesses. The warning includes enforcement actions against those who fail to comply with the new regulations. This initiative is a part of the Accelerated Regulatory Incubation Program (ARIP) for Virtual Assets Service Providers
The recent distributed denial of service (DDoS) attack on the Cardano network aimed to disrupt its operations. However, the decentralized structure and mechanisms of Cardano effectively thwarted the attack, showcasing its resilience and ability to ensure uninterrupted stability. Despite the malicious attempt, most services on the network, including SundaeSwap, continued to function effectively during the
The latest analysis by IntoTheBlock has revealed a notable shift in Bitcoin accumulation patterns among whales in the market. Despite the prevailing market sentiment of fear, uncertainty, and doubt (FUD), there has been a surge in net inflows to the largest wallets. Holders with control of at least 0.1% of the total Bitcoin supply increased
In a recent discussion, Bitwise’s Chief Investment Officer (CIO) Matt Hougan shed light on the potential inflows that US Spot Ethereum ETFs could attract in the coming months. He detailed his analysis and predictions regarding the amount of investment these funds could see within their first 18 months of trading. Hougan’s projections were based on
The gaming industry has experienced a significant transformation with the advent of Layer-2 (L2) infrastructure on the Solana blockchain. Sonic, the pioneering L2 infrastructure for gaming, has achieved remarkable milestones within a short period since its launch. The platform has garnered over 100,000 unique wallets and processed an impressive 17 million transactions during its recent
The partnership between Oasys and Vortex Gaming marks a significant step towards revolutionizing the gaming industry in South Korea. By bridging the gap between traditional gaming and blockchain technology, this collaboration aims to provide South Korean gamers with access to a new world of opportunities and experiences. Through this strategic partnership, Oasys will have the
During the Bloomberg Investment Summit, SEC Chair Gary Gensler expressed confidence in the approval process for spot Ethereum ETFs. He mentioned that the main focus now is on asset managers making full disclosure for registration statements to go effective. This signifies a positive outlook on the progress being made towards the approval of spot Ethereum
Bitcoin, often hailed as the king of cryptocurrencies, is currently facing a critical juncture as it navigates volatile market conditions. The recent dip from its peak after breaking the $71,000 barrier has sparked mixed reactions among analysts, with some remaining bullish about its long-term prospects while others caution about potential headwinds ahead. One factor fueling