The US Securities and Exchange Commission (SEC) Commissioner Hester Peirce has recently voiced her ongoing concerns regarding the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). This came after a speech by SEC Chief Accountant Paul Munter, where he reaffirmed that the Commission’s position on SAB 121 remains unchanged. Despite the growing attention around the
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The Cardano (ADA) ecosystem witnessed significant growth in various key metrics in August, coinciding with the successful implementation of the Chang upgrade on September 1. Despite a bearish market sentiment affecting ADA’s price, the Cardano Foundation reported increased investor activity, and blockchain usage was on the rise. In a recent social media post, the Foundation
Bitcoin recently experienced a significant surge in price, jumping from a daily low of $53,600 to over $58,000 in just one day. One of the key factors behind this surge could be attributed to the US spot Bitcoin ETFs that were introduced in mid-January this year. These ETFs have been playing a crucial role in
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual with a diverse range of skills. With a background in web3 content writing, journalism, and a keen interest in trading, Edyme embodies versatility. His writing has been featured in prominent publications such as AMBCrypto, Blockchain.News, and Blockchain Reporter. However, Edyme’s entry into the crypto space
WatBird, a new game introduced by Gamee, is making waves in the mobile gaming industry by venturing into the blockchain gaming space. The game, particularly Wat Racer, has garnered significant attention with its fast-paced runner gameplay. Players are tasked with navigating their WatBird through obstacles to earn valuable“WatPoints”. These points can be used to enhance
In 2024, the US Securities and Exchange Commission (SEC) imposed a record-breaking $4.68 billion in fines against cryptocurrency companies, marking it as the most aggressive regulatory year in the agency’s history. This drastic increase brings the total fines levied by the regulator since 2013 to a staggering $7.42 billion, with 2024 alone representing 63% of
In response to the hacking incident at WazirX on July 18, leading global auditor Grant Thornton conducted a comprehensive review of Liminal’s infrastructure to ensure its security. The confirmation from Grant Thornton came after Liminal launched an internal investigation and engaged independent auditors to assess any potential vulnerabilities within their platform. It was reaffirmed that
Recent data from research firm Kaiko reveals a significant decline in Coinbase’s market share in the US crypto market. What was once a dominant force with over 50% market share earlier this year has now dropped to 41% in September. This shift has been accompanied by the rise of smaller exchanges, particularly Bullish, whose market
Friend.tech, once hailed as a promising decentralized social media platform, has recently made a controversial decision to relinquish control of its smart contracts to Ethereum’s null address. This move has sent shockwaves through the platform’s ecosystem, particularly impacting the value of the FRIEND token. However, this decision is merely the tip of the iceberg when
Bitcoin (BTC) faced a significant downturn in price over the weekend following the release of August nonfarm payrolls (NFP) data, which did not meet analysts’ expectations. The cryptocurrency experienced a steep drop of almost 5%, pushing it below the $54,000 mark, its lowest level since early August. This price weakness did not only affect Bitcoin
