The DeFi Education Fund and the Blockchain Association have raised concerns about the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT), citing significant privacy and security issues for participants in the digital asset market. The creation of a centralized database tracking all securities trades across US markets without the need for a warrant or
Cardano has recently experienced a surge in price, making it one of the leading gainers in the crypto market in the last seven days. Despite this positive movement, Cardano has been one of the most underperforming coins since the beginning of the year, with a year-to-date loss of over 35%. This disparity in performance may
In a recent development, a US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC) over allegations of operating an unregistered securities exchange. This decision comes after Kraken requested a dismissal of the case filed by the SEC in November. The regulator’s complaint accused
Former Binance CEO Changpeng ‘CZ’ Zhao has been transferred from FCI Lompoc II to the RRM Long Beach halfway house in California, sparking confusion among users who mistakenly believed he had been released. Despite the change in his location, CZ remains incarcerated. The RRM Long Beach facility, categorized as a ‘residential reentry management (RRM) field
Pi Network, a crypto project introduced in 2019, has gained attention for its unique approach to mining and earning digital assets on mobile devices. The project aims to be energy-efficient by utilizing the Stellar Consensus Protocol (SCP) developed by the Stellar Development Foundation. This sets it apart from traditional Proof-of-Work (PoW) systems that are known
In a groundbreaking move, the Federal Bureau of Investigation (FBI) has announced its decision to utilize Non-Fungible Tokens (NFTs) to return $1.14 million to victims of the CluCoin fraud. This marks the first instance of law enforcement agencies leveraging NFTs to facilitate the recovery of funds for fraud victims. The use of NFTs in this
The Bitcoin market is known for its extreme volatility, with the price of the cryptocurrency fluctuating wildly from month to month. Investors and analysts closely monitor the monthly performance of Bitcoin in an attempt to predict its next move based on historical data. As August comes to a close, Bitcoin investors are reflecting on a
Ethereum has been facing significant selling pressure, much like other altcoins in the market. Despite some moments of strength, particularly after the sell-off in early August, prices have failed to break above $2,800. However, one positive sign on the daily chart is the resilience shown by the bulls. Despite the continuous lower lows, buyers have
In recent times, there has been a noticeable shift in the Layer 2 network sector, with Base, an Ethereum Layer 2 network incubated by Coinbase, making significant strides. According to data from IntoTheBlock, Base currently has nearly 40% more daily active addresses than the combined total of competing Layer 2 networks like Arbitrum and Optimism.
Bitcoin experienced a significant drop recently, falling from $59,600 to $56,300. However, the bulls quickly intervened and prevented further downward momentum. The cryptocurrency then entered a period of consolidation, hovering around $60,000 over the weekend. This stability was short-lived, as bitcoin underwent another retracement, dropping to $58,000 at the start of the week. Despite this