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
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
