The recent Wells notice issued by the U.S. SEC to OpenSea has brought to light the potential issues surrounding digital-asset regulation. The SEC alleges that some NFTs traded on the platform could be considered unregistered securities, which raises questions about the legality of OpenSea itself. This move by the SEC is part of their broader
Crypto.com, a Singapore-based cryptocurrency exchange, has recently announced a partnership with Standard Chartered, a multinational banking institution. This collaboration aims to offer retail users worldwide access to fiat services, specifically enabling deposits and withdrawals in the United States dollar (USD), euro (EUR), and the United Arab Emirates Dirham (AED) through the Crypto.com app. Initially, these
Ryan Salame, a former FTX executive, has decided to withdraw his petition to dismiss an indictment against Michelle Bond, just days before a critical court hearing. This decision comes after Salame was sentenced to 90 months in prison in May 2024 for conspiracy charges. Bond, a former congressional candidate, is accused of conspiring with Salame
The mobile game NFL Rivals, in collaboration with the National Football League (NFL) and the NFL Players Association, has embarked on a groundbreaking partnership with the Kansas City Chiefs, the reigning champions of Super Bowl LVIII. This exciting venture marks a new chapter for NFL Rivals as it becomes the “Official Mobile Game of the
Japan’s Minister of Economy, Trade, and Industry, Takeru Saito, recently unveiled tax reforms aimed at fostering the growth of startups in the Web3 and blockchain sectors. This initiative was announced during the WebX Conference, Tokyo’s premier event focused on cryptocurrencies. Saito’s announcement underscored the Japanese government’s commitment to creating an enabling environment for innovation in
Telegram CEO Pavel Durov has recently been released from prison in France, but is now under judicial supervision with strict conditions. These conditions include a €5 million bond that Durov is required to deposit. Additionally, he is not allowed to leave French territory and must report to the police station twice a week as part
Congressman Wiley Nickel has recently criticized the US Securities and Exchange Commission (SEC) for its “regulation by enforcement” approach. He believes that this method undermines trust in the regulatory system and risks stifling digital innovation across the US. Nickel has been a strong advocate for regulatory frameworks in the crypto industry to ensure customer protection.
Recent findings from TRM Labs have shed light on a troubling trend in the world of cryptocurrency – illicit activity at crypto ATMs. According to their latest report, these machines have processed over $160 million in illicit volumes since 2019, with a significant increase seen in 2023. The proportion of illicit transactions at crypto ATMs
Opeyemi’s journey in the cryptocurrency realm started unexpectedly, as it was not his initial career choice. However, after immersing himself in the digital asset industry for over two years, he has become deeply fascinated by its complexities. Unlike many others who simply skim through price charts, Opeyemi delves deeper into on-chain movements and blockchain activities
With Federal Reserve chair Jerome Powell’s recent comments at the Jackson Hole symposium, the demand for bitcoin (BTC) in the United States has seen a notable increase. This surge in interest has been evident through various metrics such as the Coinbase Premium reaching its highest level since July at 0.11%. This increase in demand has
