United States Securities and Exchange Commission chairman Gary Gensler is scheduled to testify before the U.S. Senate Committee on Banking, Housing, and Urban Affairs in a hearing titled “Oversight of the U.S. Securities and Exchange Commission” on Sept. 15. The transcript of his speech was released in advance. Gensler called securities laws a “gold standard”
According to statements made by the digital asset custody business and financial services provider Bitgo, the firm has filed a lawsuit against the crypto company Galaxy Digital and is seeking damages for more than $100 million. Bitgo says Galaxy’s “improper repudiation and intentional breach of its merger agreement” caused the lawsuit. Bitgo Seeks Damages From
The Chamber of Digital Commerce (CDC) has requested to file an amicus brief in the case of the United States Securities and Exchange Commission v. Ripple Labs and its executives Bradley Garlinghouse and Chris Larsen. Liliya Tessler of the firm Sidley Austin filed a package of documents, including the proposed brief, with the U.S. District
Given the current state of the wider crypto market, some traders might be surprised to learn that Ether (ETH) has been trading in an ascending trend for the past 17 days. While the entire cryptocurrency market experienced a 10% decline on Sept. 13, Ether’s price held firm near the $1,570 support level. In less than
Since Tesla’s Elon Musk attempted to purchase Twitter and tried to get information on the number of bots on the social media platform, Twitter bots have infested tens of thousands of posts day after day. In the cryptocurrency industry, bots are very prevalent and any time a popular crypto account posts, the thread is teeming
Ethereum’s long-awaited transition from proof-of-work (PoW) to proof-of-stake (PoS) is upon us as the Merge looms in less than 10 hours. There’s plenty to consider for the wider cryptocurrency space — and here’s what you need to know. What is the Merge? The Ethereum blockchain will transition away from its energy-intensive consensus mechanism PoW as
The United States equities markets and the cryptocurrency markets had been rising leading up to the Sept. 13 release of the August consumer price index data, but the rally fell apart once the data showed inflation rising, rather than falling. The negative data dashed any hope of a Federal Reserve pivot in the near term
The United States Treasury Department’s Office of Foreign Asset Control has added 10 individuals, 2 entities, and several crypto addresses allegedly tied to an Iranian ransomware group to its list of Specially Designated Nationals, effectively making it illegal for U.S. persons and companies to engage with them. In a Wednesday announcement, the U.S. Treasury said
The Treasury’s Office of Foreign Asset Control (OFAC) has published a specially designated nationals list update (OFAC’s SDN List) that lists a number of individuals accused of being involved with Iran-related ransomware. The list further shows seven bitcoin addresses that are allegedly associated with the Iranian ransomware gang. Iran Adds 7 New Bitcoin Addresses to
The year is 2142 AD. A dystopian future controlled by corporations is rocked as the last Bitcoin (BTC) is mined, and Satoshi Nakamoto’s long-dormant wallet is awakened and used to dismantle their control. The physical, virtual and astral realms are all disrupted as entheogen spirits, angels and demons battle it out while artificial intelligence (AI)
Ethereum classic rebounded on Wednesday, following three consecutive days of declines. The token dropped below $40.00 earlier this week, and continues to trade below this level ahead of tomorrow’s merge event. On the other hand, Solana remained lower, with prices falling by over 8% today. Ethereum Classic (ETC) Ethereum classic (ETC) rebounded on Wednesday, following
The Ethereum Merge is set to be one of the biggest events in the cryptocurrency industry, potentially affecting many related firms and services, and Ethereum-based exchange-traded products (ETPs) are no exception. ETC Group, a major European crypto ETP issuer, has decided to expand its current Ethereum ETP offering by launching one more Ethereum investment product.
In Part 1, we detailed three of the different kinds of crypto OGs you might meet at an industry party. They were: (1) shadowy super coders and/or anon founders, (2) “reputable” and respected OG industry leaders like Vitalik Buterin and Brian Armstrong, and (3) the comeback OGs, who were trying to shake off the stink
Bitcoin’s (BTC) market behavior is not yet “synonymous” with previous bear market bottoms, one of the leading crypto analysts argues. In a Twitter thread on Sept. 14, statistician Willy Woo, creator of data resource Woobull, offered three examples of why BTC/USD should still have further to fall. Despite many calling a new macro price bottom
Analysts from JPMorgan believe that the metaverse gaming market could explode in China even with the current state of regulation, which presents certain difficulties for adoption. Companies like Tencent, Netease, and Bilibili are JPMorgan’s picks when it comes to taking advantage of this potential growth, that at best, might pass the $100 billion mark. JPMorgan
While the LUNC community rejoices because of a potential comeback for the Terra Luna Classic (LUNC) token, the founder of the Terraform Labs, Do Kwon, is now facing a warrant of arrest from South Korean authorities. A court located in Seoul reportedly issued a warrant of arrest for Kwon and five other people who are
According to a recent report produced by Dappradar, the Web3 gaming industry has managed to raise $750 million since August 1st in spite of the crypto downturn, with several important projects registering positive numbers regarding sales and activity. Web3 Gaming Industry Thriving Amidst Economic Downturn The current economic downturn that is affecting the traditional and
Lido DAO (LDO) has declined by more than 40% in the last 30 days with more room to fall in the coming days amid a potential sell-the-news event, i.e. the Merge. Lido DAO Ether deposits surge 160% in 2022 Lido DAO is Ethereum’s biggest staking service, having deposited over 4.14 million of the blockchain’s native asset, Ether
Scammers are likely to use excitement around the Ethereum Merge to launch new scams aimed at newbie crypto users, PolySwam CEO Steve Bassi has warned. The Ethereum Merge is expected to take place within the next 24 hours. Speaking to Cointelegraph, Steve Bassi, founder, and CEO of PolySwarm said these scams could come in the
Abu Dhabi Global Market’s financial regulator, the Financial Services Regulatory Authority (FSRA), recently unveiled six principles that will guide its “approach to virtual asset regulation and supervision.” Though not legally binding, the principles, according to the FSRA, must be “viewed as a complement to the comprehensive detail of our published framework.” A ‘Basis for Regulatory