Recently, the Securities and Exchange Commission (SEC) announced the closure of its investigation into Hiro and the Stacks blockchain without recommending any enforcement action. This investigation, which began over three years ago, has been a significant chapter in the history of the Bitcoin Layer-2 network. The SEC’s Enforcement Division launched the investigation following the first-ever
The recent actions taken by the German state of Saxony to deplete its Bitcoin reserves have sparked concern among both crypto investors and experts in the field. After seizing Bitcoin from Movie2K, a film piracy website, earlier this year, the government started auctioning off approximately $3 billion worth of BTC. The most recent development saw
Ethereum’s price has been on a downward trend recently, facing a second rejection at the $4,000 resistance level. The daily chart shows a pattern of lower highs and lows since failing to break the $4,000 mark. Additionally, the market has broken below the crucial 200-day moving average at around $3,100. Currently, the price is retesting
In the fast-paced world of Web3, managing your onchain activities can often feel like a daunting task. This is where the Coinbase Wallet Web3 app comes into play, aiming to simplify and streamline your onchain experience. By consolidating all your on-chain activities in one platform, the Coinbase Wallet provides a centralized hub for managing multiple
The UK Law Commission recently released a scoping paper addressing the legal characterization of Decentralized Autonomous Organizations (DAOs) in the country. DAOs are blockchain-based communities designed to achieve a common goal, such as funding start-ups or acquiring historical artifacts. Market experts believe that these organizations represent the future of corporate governance. However, the Commission highlighted
The recent decision made by the US Securities and Exchange Commission (SEC) regarding the controversial Staff Accounting Bulletin No. 121 (SAB 121) has sent shockwaves through the financial industry. This proposal, which includes exceptions for certain institutions affected by SAB 121, is a game-changer for banks and brokerages involved in the crypto space. The SEC
Justin Sun, the founder of Tron, recently made headlines with a $5 million investment in Ethereum (ETH), the world’s second-largest cryptocurrency. This new investment has sparked interest in the crypto community, especially considering Sun’s history with cryptocurrency investments. The timing of Sun’s investment in Ethereum coincides with the growing FOMO surrounding Spot Ethereum ETFs in
Born and raised in Edo State, Nigeria, I have always been surrounded by a supportive family who have been my pillars of strength throughout my life. Growing up with three siblings who served as my idols and mentors, I was able to navigate the complexities of life with their guidance. My parents, in particular, have
Soccerverse, a blockchain-based football management game, has recently announced a significant funding boost of £2.5 million ($3.1 million) led by game publisher Square Enix. With this latest investment, Soccerverse’s total funding has now reached $4 million, marking a pivotal moment for the game’s development and future. The investment from Square Enix, along with support from
Bitcoin’s price has experienced extreme fluctuations recently, reaching highs near $60,000 only to plummet by over $2,000 shortly after. This volatility can be attributed to a variety of factors, including the release of CPI numbers and market speculation. While Bitcoin has been taking center stage with its dramatic price movements, most altcoins have remained relatively