The Digital Chamber (TDC) has recently urged Congress to pass legislation that would define certain non-fungible tokens (NFTs) as consumer goods rather than financial products. This move comes in response to the Securities and Exchange Commission’s (SEC) increased enforcement actions, including a Wells notice issued to NFT marketplace OpenSea. TDC argues that NFTs, particularly those
Samuel Edyme, also known as HIM-buktu, is not your average individual. A web3 content writer, journalist, and a budding trader, Edyme possesses a unique blend of skills that sets him apart from the crowd. His experiences in the crypto space have shaped him into the person he is today. Edyme’s entry into the crypto universe
Predictions for the Bitcoin price have been widely circulated, with varying degrees of optimism and skepticism. While some analysts believe that Bitcoin is on the brink of a bullish rally towards $90,000 or even $100,000, others predict a significant crash if the cryptocurrency fails to meet certain conditions. This volatility in forecasts reflects the unpredictable
SEC Commissioner Hester Peirce has expressed ongoing concerns regarding the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). She raised these concerns following a speech by SEC Chief Accountant Paul Munter on September 9, where Munter reiterated the Commission’s stance on SAB 121. Despite the increasing attention the regulation has garnered, Munter emphasized that the
Bitcoin has seen a significant price increase recently, thanks in part to the US spot Bitcoin ETFs introduced earlier this year. These ETFs have played a crucial role in influencing the price movements of Bitcoin. Positive flows into the ETFs have led to price increases, while negative flows have resulted in price drops. The recent
The recent growth in the Cardano (ADA) ecosystem is certainly notable, especially with the successful implementation of the anticipated Chang upgrade. Despite the bearish market sentiment affecting ADA’s price, the Cardano Foundation reported increased investor activity and blockchain usage. Smart contract transactions surged by 31%, while metadata transactions grew by 20%. However, simple transactions faced
Gamee, a prominent player in the mobile gaming industry, is making its mark in the blockchain gaming space with its latest creation, WatBird. This innovative game aims to bridge the gap between casual gaming and blockchain technology, offering gamers an easy introduction to Web3. The main attraction of WatBird is the game Wat Racer, a
In 2024, the US Securities and Exchange Commission (SEC) made a significant impact on the crypto industry by imposing a record-breaking $4.68 billion in fines against various companies. This marked a drastic increase from previous years and signaled a new era of heightened regulatory scrutiny in the digital asset market. The SEC’s enforcement actions have
In response to the recent hack on WazirX’s systems on July 18, leading global auditor Grant Thornton conducted a comprehensive review of Liminal’s infrastructure to ensure security. The hack prompted Liminal to launch its own internal investigation and engage independent auditors to assess potential vulnerabilities within its platform. Grant Thornton’s audit found no evidence of
In recent months, Coinbase has experienced a significant decline in market share, according to a report by research firm Kaiko. While Coinbase once dominated over half of the US crypto market share, its numbers have dropped to 41% in early September, down from 53% just a few months prior. On the other hand, Bullish has
