In the realm of cryptocurrency, there exists a writer named Opeyemi who is not just proficient, but also incredibly enthusiastic about this exciting and unique market. Despite not initially choosing the digital asset industry, Opeyemi has found himself completely drawn to it for over two years now. His passion lies in unraveling the complexities of
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Recently, Ripple reached a settlement with the US Securities and Exchange Commission (SEC) regarding a lawsuit over securities violations. The outcome of the settlement was a $125 million fine imposed on Ripple, a far cry from the initial demand of $2 billion by the regulatory body. This development has been seen as a significant victory
The aftermath of the long-awaited conclusion to the settlements phase of the trial left Ripple with a much smaller fine than initially expected by the SEC. U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) settled on a sum just over $125 million, contrasting sharply with the $2 billion fine
The Commodity Futures Trading Commission (CFTC) recently announced that it awarded a crypto whistleblower with over $1 million. This reward was given based on the information provided by the whistleblower that enabled the CFTC to take action against improper trading in digital asset markets. Ian McGinley, the CFTC’s Director of Enforcement, emphasized the importance of
The debate between Ethereum (ETH) and Solana (SOL) has been reignited by a crypto analyst who has carefully evaluated the two cryptocurrencies to determine which one is superior. In a recent analysis, the analyst highlighted the strengths and weaknesses of both Ethereum and Solana, ultimately coming to a conclusion about which one holds the upper
Thailand’s Securities and Exchange Commission (SEC Thailand) recently announced the launch of a Digital Asset Regulatory Sandbox, aimed at supporting the testing and development of services related to digital assets. This initiative provides a structured environment for businesses to explore innovative solutions within a regulated framework. The sandbox is designed to facilitate the integration of
Tether, the stablecoin issuer, has announced its intentions to double its workforce within the next year. This move comes as part of the company’s efforts to strengthen areas such as compliance. By mid-2025, Tether aims to have around 200 employees, up from the current number. Chief Executive Officer Paolo Ardoino emphasized the need to expand
Shibarium, the layer-2 scaling solution for Shiba Inu, has been making significant strides in improving transaction speed, scalability, and reducing costs within the Shiba Inu ecosystem. The latest development includes the announcement of a hard fork launch on August 9, introducing a burn mechanism to enhance the ecosystem. The Bor layer is a vital component
Grayscale Research has recently provided an optimistic outlook for Bitcoin, suggesting that the cryptocurrency may reach its all-time high later this year. This positive forecast is contingent upon the U.S. economy avoiding a recession. The recent period of stabilization in both the crypto assets and broader financial markets has provided a glimmer of hope amidst
Recent regulatory actions taken by the US Federal Reserve against Customers Bank have reignited fears of Operation Chokepoint 2.0 within the crypto industry. The Fed’s move comes amidst allegations that the bank failed to adhere to key regulations such as the Bank Secrecy Act, Anti-Money Laundering laws, and OFAC regulations in its dealings with digital
