The US Securities and Exchange Commission (SEC) has recognized the importance of retail investors having more timely access to fund portfolio data. This is crucial, as delayed information can significantly impact decision-making processes for investors, especially during times of market turmoil or geopolitical events. The current regulatory framework requires registered investment companies to provide periodic
2024 was supposed to be the year when Bitcoin would skyrocket to the elusive $100,000 mark, following a history-making all-time high earlier in the year. The expectations were high, especially after the completion of the scheduled halving in April. However, the reality has been far from what was anticipated. Despite coming close to breaking the
The U.S. Securities and Exchange Commission (SEC) recently filed charges against two brothers for allegedly orchestrating a $60 million Ponzi scheme. The complaint, lodged in the United States District Court for the Northern District of Georgia in Atlanta, accuses Jonathan Adam and his brother Tanner Adam of deceiving over 80 individuals. The brothers purportedly enticed
Semilore Faleti is a cryptocurrency writer with a unique specialization in the world of journalism and content creation. Unlike many others in the field, Semilore has a particular knack for unraveling the complexities and intricacies of blockchains and cryptocurrency. He is intrigued by the efficiency of digital assets in terms of storing and transferring value,
In recent weeks, Ethereum (ETH) has been facing challenges in breaking past the $2,600 mark in its trading range between $2,300 and $2,800. This struggle has raised concerns among analysts and investors who expected better performance from the second-largest cryptocurrency in the market. When compared to Bitcoin’s strong showing this year, it is evident that
The Financial Times recently reported that crypto firms are increasingly turning away from the UK due to burdensome regulatory processes. According to law firm Reed Smith, registrations for crypto asset exchanges and custodian wallet providers with the UK’s Financial Conduct Authority (FCA) have plummeted by more than 50% in the past three years. This decline
The issue of centralization within the cryptocurrency market is a hotly debated topic. High levels of centralization can result in a few entities holding a significant amount of power, which goes against the decentralized nature that many cryptocurrencies aim to achieve. When looking at popular projects like Polygon (MATIC) and Shiba Inu (SHIB), it is
Recently, Ethereum co-founder Vitalik Buterin made a significant move by transferring 800 ETH, valued at $2.01 million, to a multisig wallet. This action was followed by an exchange of 190 ETH for 477,000 USDC, a stablecoin tied to the U.S. dollar. These transactions have stirred up conversations within the crypto community, especially considering Buterin’s previous
The cryptocurrency markets witnessed a whirlwind of events this past week, starting with Bitcoin’s impressive surge from $60,000 to over $64,000 on Saturday. The catalyst for this bullish momentum was the subtle hint from Fed Chair Jerome Powell regarding potential interest rate cuts. Moreover, the endorsement of a pro-crypto presidential candidate by RFK added to
The Nigerian Securities and Exchange Commission (SEC) recently granted Approval-in-Principle to two local crypto exchanges, Busha Digital Limited and Quidax. This approval falls under the Accelerated Regulatory Incubation Program (ARIP), created to onboard operational firms before the release of the Rules on Virtual Asset Service Providers in May 2022. The SEC’s decision to grant these
