Gary Gensler’s announcement to step down from his position as Chairman of the U.S. Securities and Exchange Commission (SEC) on January 20, 2025, coinciding with the inauguration of President-elect Donald Trump, marks a significant transition in the landscape of financial regulation. Since his appointment in April 2021, Gensler has been a polarizing figure, embodying the
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In 2019, the cryptocurrency landscape in South Korea was shaken by the colossal heist at Upbit, one of the country’s leading cryptocurrency exchanges. Investigators revealed that this audacious crime resulted in the theft of approximately $50 million worth of Ethereum (ETH). As the investigation unfolded, the puppet masters behind the operation were identified as hacking
On the occasion of Nikolai Durov’s 44th birthday, a significant initiative named NikolAI is set to debut with its first-ever NFT series. Durov, who is widely recognized for his pioneering work as a mathematician, cryptographer, and co-founder of the popular messaging platform Telegram, serves as the driving force behind this project. The NikolAI initiative is
In an unprecedented move, Celsius Network, which is currently embroiled in bankruptcy proceedings, has received permission from a Southern District of New York Bankruptcy judge to utilize non-fungible tokens (NFTs) as a method for serving legal notices. This innovative step highlights the complexities associated with cryptocurrency transactions and the challenges faced by legal systems in
The emergence of blockchain technology has significantly altered the landscape of gaming, and few titles epitomize this shift as effectively as *My Neighbor Alice* (MNA). Launched in early 2023, this metaverse game has garnered considerable attention and a growing player base. However, as its business director Antonio Palma revealed at the recent GeckoCon 2024, the
The blockchain landscape continues to evolve rapidly, with various projects vying for dominance in the decentralized ecosystem. One such project is Sui Network, a Layer 1 blockchain established by former engineers from Meta’s Novi division, aimed at providing improved transaction speeds and reliability. However, the recent disruption it faced serves as a cautionary tale on
In November 2023, South Korean authorities made significant strides in the ongoing investigation of the 2019 hacking of the Upbit exchange, recovering 4.8 Bitcoin (BTC) linked to this notorious incident. The initial attack saw North Korean hackers siphoning off an astonishing 342,000 Ethereum (ETH), valued at approximately $41.4 million at the time. Today, this stolen
In the fast-paced world of cryptocurrency, the Shiba Inu (SHIB) community has gained significant attention, attracting both genuine enthusiasts and fraudulent actors. Recently, the rise of scams in the Shiba Inu ecosystem has led to alarming warnings from Shibarium Trustwatch and other authority figures. These scammers, taking advantage of the booming popularity of SHIB, have
The digital asset landscape in the United Kingdom is experiencing transformative changes, driven by a significant societal shift toward digital currencies and blockchain technologies. With an impressive number of over six million individuals and 32% of financial institutions in the UK actively participating in digital assets, the demand for stablecoin solutions tailored to the local
Ethereum (ETH), one of the leading cryptocurrencies in the market, has found itself in a period of consolidation since reaching a peak of $4,446 in November 2022. Despite Bitcoin’s remarkable price surge capturing widespread investor interest, Ethereum has been struggling to regain its previous highs, showcasing a notable divergence in their respective performances. This critical
