During a hearing on July 11, Judge Katherine Polk Failla showed skepticism towards Coinbase’s attempts to subpoena SEC Chair Gary Gensler in the ongoing SEC case against the cryptocurrency exchange. The Judge expressed her doubts regarding Coinbase’s efforts to acquire Gensler’s communications, including statements made before he took on the role of SEC Chair in
The Securities and Exchange Commission (SEC) has recently concluded its investigation into Hiro Systems and the Stacks blockchain, after more than three years of scrutiny. This investigation, which began following the first SEC-qualified offering by Stacks in 2019, has been a significant chapter in the history of the Bitcoin Layer-2 network. Despite the prolonged investigation,
Ethereum’s price has been facing a significant decline recently, particularly after being rejected for the second time at the $4,000 resistance level. This rejection has led to a series of lower highs and lows on the daily chart, indicating a bearish trend in the market. Additionally, the price has broken below the critical 200-day moving
The Securities and Exchange Commission (SEC) has officially closed its investigation into Hiro and the Stacks blockchain without recommending any enforcement action. This investigation, which spanned over three years, has been a pivotal chapter in the history of the Bitcoin Layer-2 network. The SEC’s Enforcement Division initiated the investigation following the first-ever SEC-qualified offering by
Growing up in Edo State, Nigeria, with three siblings who served as my idols and mentors, I learned valuable life lessons that continue to guide me. My parents, the backbone of my story, have always been my unwavering support system. Their constant presence, through both good and bad times, has provided me with a sense
In the fast-paced world of Web3, managing onchain activities can often feel like a daunting task. However, Coinbase Wallet has introduced a new web app that aims to simplify and streamline the process. By consolidating all your on-chain activities in one place, the Coinbase Wallet web app offers a comprehensive solution for users looking to
Bitcoin, the pioneer cryptocurrency, recently reached a staggering all-time high exceeding $73,000 in March, triggering discussions among market observers about whether it has reached its peak in this particular cycle. While there are conflicting opinions on this matter, a crypto analyst known as ‘CryptoCon’ has conducted a comprehensive examination of Bitcoin’s recent price trends and
Decentralized Autonomous Organizations (DAOs) have been gaining popularity in the business world as blockchain-based communities that work towards common goals. Market experts believe that these innovative organizations could revolutionize corporate governance in the future. Recently, the UK Law Commission released a scoping paper addressing the legal characterization of DAOs in the country and exploring how
The US Securities and Exchange Commission (SEC) has recently made a decision to accept a proposal that includes exceptions for specific institutions affected by the controversial Staff Accounting Bulletin No. 121 (SAB 121). This move is meant to provide relief to banks and brokerages when it comes to balance sheet reporting involving cryptocurrencies. Under the
The founder of Tron, Justin Sun, has recently made a significant investment in Ethereum (ETH), the world’s second-largest cryptocurrency. Sun reportedly purchased 1,614 ETH tokens for $5 million, at an approximate price of $3,097 per ETH. This investment adds to Sun’s existing holdings, as he has acquired a total of 362,751 ETH tokens since February
