Recently, Ripple found itself in the spotlight as the US Securities and Exchange Commission (SEC) fined the company $125 million for violating securities laws. This decision came as a surprise to many, especially considering that the SEC initially sought a much larger penalty of $2 billion. The reduced fine has been seen as a victory
Recently, the Commodity Futures Trading Commission (CFTC) announced that a crypto whistleblower had been awarded over $1 million for providing crucial information. This information enabled the CFTC to take enforcement action against improper trading activities in the digital asset markets. The CFTC’s Director of Enforcement, Ian McGinley, emphasized the importance of identifying unlawful conduct in
Tether, the stablecoin issuer behind USDT, has announced plans to double its workforce within the next year. The company aims to bolster areas such as compliance by increasing its headcount to approximately 200 employees by mid-2025. This move comes as Tether looks to strengthen its finance department, which manages the $118 billion in assets backing
When comparing Ethereum and Solana, it is evident that Ethereum has some significant weaknesses that are holding it back. According to renowned crypto trader and analyst, Peter Brandt, Ethereum is facing numerous challenges that are hindering its growth and usability. Brandt points out that Ethereum’s slow transaction speeds make it a difficult network to use,
The Securities and Exchange Commission of Thailand (SEC Thailand) recently announced the launch of a Digital Asset Regulatory Sandbox, signaling a new era of support for the testing and development of services related to digital assets. This initiative is designed to create a structured environment where businesses can explore innovative solutions within a regulated framework.
OKX CEO, Star Xu, recently issued a warning to users about the risks associated with interacting with the sanctioned crypto mixer, Tornado Cash. He emphasized that deposits from sanctioned entities such as Garantex and Tornado Cash, or withdrawals to these entities, could trigger compliance risks and ultimately lead to account suspension. Xu reiterated that OKX
Shibarium, the layer-2 scaling solution for Shiba Inu, is set to launch a hard fork on August 9, introducing a burn mechanism to enhance the ecosystem. This latest upgrade aims to improve transaction speed, scalability, and lower costs, all in an effort to foster the development of the Shiba Inu ecosystem. The hard fork will
Grayscale Research has recently expressed optimism regarding Bitcoin’s potential to revisit its all-time high later this year. This positive outlook is contingent upon the U.S. economy avoiding a recession. The firm highlighted a period of stabilization in both crypto assets and broader financial markets following sharp declines from August 2 to August 5. Factors Contributing
Tyler Winklevoss, the co-founder of Gemini, has raised concerns about the latest regulatory action taken by the US Federal Reserve against Customers Bank. The Fed’s move comes as a response to potential violations by the bank of the Bank Secrecy Act, Anti-Money Laundering laws, and Office of Foreign Assets Control (OFAC) regulations in relation to
Coinbase recently took a stand against the US Commodities Futures Trading Commission’s (CFTC) proposal that could potentially impact prediction markets like Polymarket. In a letter dated August 8, Paul Grewal, Coinbase’s Chief Legal Officer, criticized the proposal for its vague definition of “gaming” and its assertion that “gaming” contracts are not in the public interest.