The recent turbulence in the cryptocurrency market has led to a significant change in investor behavior. Bitcoin, traditionally considered the safest asset in the digital currency ecosystem, has seen a surge in dominance, reaching a nine-week high of 57%. Altcoins, on the other hand, have suffered the most in the market sell-off, with projects like
The recent announcement by the SEC regarding Ethereum 2.0 has brought about a significant shift in the cryptocurrency market. The SEC has closed its investigation into Ethereum 2.0 and has determined that sales of ETH are not securities transactions. This decision follows a letter from Consensys seeking clarity on the classification of ETH, which was
The US Securities and Exchange Commission (SEC) has expressed apprehensions over the status of Circle’s stablecoin, USDC, as the company moves forward with plans to go public in a multi-billion dollar initial public offering (IPO). This information was reported by Barron’s on June 18, citing regulatory documents that shed light on the SEC’s concerns regarding
Recently, there have been reports circulating about the Financial Supervisory Service (FSS) of South Korea instructing registered crypto exchanges to evaluate the tokens listed on their platforms. This directive is in line with the Virtual Asset User Protection Act, which requires exchanges to adhere to strict compliance measures and regularly assess the tokens they list.
Recently, Brazil’s Special Department of Federal Revenue announced that they will begin collecting information from foreign crypto exchanges in order to ensure that their operations are in compliance with local regulations. This move comes as a response to the need to regulate the growing crypto market in the country. The Deputy Secretary of Inspection, Andrea
The recent resignation of David Hirsh, the Chief of the Crypto Asset and Cyber Unit at the SEC, has raised eyebrows in the cryptocurrency and regulatory sectors. Hirsh’s departure comes at a crucial time as the lawsuit between the SEC and Ripple continues to unfold. The news of his resignation was met with speculation, especially
The cryptocurrency market experienced a significant shift in investor sentiment last week, with digital asset funds witnessing net outflows totaling $600 million. This marked a stark contrast to the previous five weeks, which had seen consecutive inflows amounting to a total of $4.35 billion. The outflows were primarily concentrated in Bitcoin and Solana funds, with
Ripple’s XRP has displayed resilience in the face of negative market conditions, with a 1% increase in the past 24 hours and a 3% rise over the week. This upward trend has surpassed the performance of prominent cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), which have experienced a decline of approximately
The Vatican Library has embarked on a groundbreaking initiative to expand its digital reach through the utilization of Web3 technology. This project involves granting non-transferable NFTs to supporters of its manuscript collections, marking a significant shift towards modernization and accessibility. While currently in an “experimental” phase, the project is exclusive to Italian backers of the
The Aavegotchi Rarity Farming Season 8 has recently been announced, bringing with it a significant 150,000 GHST prize pool and a range of new features aimed at enhancing the competitive experience for players. Aavegotchi is a one-of-a-kind Web3 game that combines NFT collectibles, decentralized finance (DeFi), and gaming to create an immersive and engaging experience.