The US Securities and Exchange Commission (SEC) has recognized the importance of retail investors having more timely access to fund portfolio data. Currently, the regulatory framework requires registered investment companies to provide periodic portfolio holdings data, but this information is often delayed. This delay affects millions of US households and can leave investors with outdated
The U.S. Securities and Exchange Commission (SEC) recently unveiled a massive Ponzi scheme run by two brothers, Jonathan Adam and Tanner Adam. The brothers managed to defraud over 80 individuals by falsely claiming to operate a crypto bot that offered a monthly return of 13.5% to investors. Between January 2023 and June 2024, the Adams
The recent performance of Ethereum (ETH) has left investors and analysts disappointed, especially when compared to Bitcoin’s impressive performance. Data from Farside Investors shows a decline in interest in Ethereum ETFs, raising concerns about Ethereum’s future performance. The lack of sustained investor interest in these ETFs suggests a broader sense of caution surrounding ETH in
In recent news, Ethereum co-founder Vitalik Buterin made another significant transfer of ETH, stirring up conversations within the cryptocurrency community. He moved 800 ETH, valued at around $2.01 million, to a multisig wallet. Following this transfer, a portion of the ETH was swapped for 477,000 USDC, a stablecoin pegged to the U.S. dollar. This movement
Centralization in the cryptocurrency market poses a significant threat to the decentralized nature of the industry. Projects like Polygon (MATIC) and Shiba Inu (SHIB) have come under scrutiny for the high concentration of holdings among the top wallets. For example, Polygon’s top ten wallets control a staggering 69.4% of its total market capitalization, making it
Crypto firms are facing increasing challenges in the UK due to burdensome and time-consuming regulatory processes. According to a report from the Financial Times, registrations for crypto asset exchanges and custodian wallet providers with the UK’s Financial Conduct Authority (FCA) have dropped by more than 50% in the past three years. This signals a growing
Recently, the Nigerian Securities and Exchange Commission (SEC) has given the green light to two local crypto exchanges, Busha Digital Limited and Quidax, to operate under the Accelerated Regulatory Incubation Program (ARIP). This Approval-in-Principle marks a significant step towards complying with upcoming regulations on virtual asset service providers, set to be released in May 2022.
The past week has been a wild ride for bitcoin and most altcoins in the cryptocurrency markets. Bitcoin started the week strong, rising above $64,000 after bullish developments in the US, including hints of interest rate cuts by Fed Chair Jerome Powell. However, the weekend was quiet for bitcoin, despite turmoil in the crypto market
Floki Inu (FLOKI) recently experienced a drastic decline of close to 20%, resulting in its position dropping among the top 5 meme coins in the market. The current trading price of FLOKI stands at approximately $0.0001272, with a market capitalization of $1.23 billion. As a result of this downturn, Bonk Inu (BONK) has overtaken FLOKI
Blowfish Studios, a game developer under the Animoca Brands umbrella, is creating waves in the gaming industry with their latest project, DarkTimes. This medieval-themed multiplayer PvP game is not just your standard battle royale; it is a brawler royale that promises a unique gaming experience for players. Set in a dark and fantastical world inspired