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
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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
Coinbase has taken a firm stance against a proposal put forth by the US Commodities Futures Trading Commission (CFTC) that could impact prediction markets like Polymarket. The Chief Legal Officer of Coinbase, Paul Grewal, raised concerns about the proposal’s vague definition of “gaming” and its claim that contracts related to prediction markets are contrary to
OKX CEO Star Xu recently issued a warning to users about the potential risks associated with interacting with the crypto mixer Tornado Cash. Xu emphasized that deposits from sanctioned entities, such as Garantex and Tornado Cash, or withdrawals to these entities could trigger compliance risks and lead to account suspension. It was made clear that
In recent days, Bitcoin has seen a remarkable price recovery, surpassing $60,000 and nearing $63,000 for the first time since the weekend. This comes after a market-wide crash that occurred at the end of last week and especially on Monday, causing Bitcoin’s price to plummet from over $66,000 to a six-month low of $49,500. However,
