The recent Wells notice issued by the U.S. Securities and Exchange Commission (SEC) to OpenSea has brought significant attention to the issue of digital-asset regulation. The SEC has raised concerns that some Non-Fungible Tokens (NFTs) traded on the platform may qualify as unregistered securities, potentially implicating OpenSea itself as breaking the law. This move by
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Crypto.com, a prominent cryptocurrency exchange based in Singapore, has forged a groundbreaking partnership with Standard Chartered, a leading multinational banking institution. This alliance aims to provide fiat services to retail users globally, marking a significant milestone in the evolution of the cryptocurrency industry. Standard Chartered will offer banking and payment solutions to enable Crypto.com users
The mobile game NFL Rivals has recently announced a partnership with the Kansas City Chiefs, marking the game as the “Official Mobile Game of the Chiefs” for the upcoming NFL season 2024. This collaboration opens up a realm of exciting opportunities for fans to engage with their favorite team in ways they never have before.
In a surprising turn of events, former FTX executive Ryan Salame has decided to withdraw his petition to dismiss the indictment against Michelle Bond. This decision comes just days before a crucial court hearing. Salame’s legal team, in a letter dated Aug. 29, informed Judge Lewis A. Kaplan of the Southern District of New York
After being released from prison, Telegram CEO Pavel Durov has been placed under judicial supervision with strict conditions. These conditions include a €5 million bond, a prohibition from leaving French territory, and the requirement to report to the police station twice a week. Durov has officially been charged with six offenses, including complicity in managing
Congressman Wiley Nickel from North Carolina has taken a stand against the US Securities and Exchange Commission (SEC), accusing the agency of damaging trust in the regulatory system with its enforcement-first approach. Nickel has criticized the SEC’s “regulation by enforcement” strategy, labeling it as a misuse of power that could impede digital innovation in the
Japan’s Minister of Economy, Trade, and Industry, Takeru Saito, recently unveiled tax reforms aimed at nurturing the growth of startups in the Web3 and blockchain sectors. This announcement came during the WebX Conference in Tokyo, the largest event dedicated to cryptocurrencies in the region. Saito’s plan is part of Japan’s broader strategy to create a
Recent findings by TRM Labs have shed light on a troubling trend within the cryptocurrency industry – the rise of illicit activity at crypto ATMs. Unlike traditional cryptocurrency exchanges, these machines lack stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, making them vulnerable to exploitation by criminals. The latest report revealed that illicit
The recent comments made by Federal Reserve chair Jerome Powell at the Jackson Hole symposium have sparked an increase in demand for bitcoin (BTC) in the United States. This surge in interest has led to a rise in the Coinbase Premium, reaching its highest level since July at 0.11%. The spike in this metric indicates
Opeyemi is not your average writer. He delves into the intriguing world of cryptocurrency with a fervor that is unmatched. While this digital asset industry may not have been his initial choice, he has embraced it wholeheartedly for over two years now. His passion shines through as he unravels the complexities of blockchain technology and
