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
The highly-anticipated 2024 bitcoin bull run has not unfolded as expected, despite the asset hitting a new all-time high earlier in the year. The journey towards the coveted $100,000 mark has hit some roadblocks, with the price losing momentum along the way. The completion of the halving in April marked a key milestone for Bitcoin,
Semilore Faleti is a cryptocurrency writer who has delved deep into the world of blockchain and digital assets. With a focus on journalism and content creation, Semilore has become known for his ability to simplify complex concepts and make them accessible to a wide audience. His passion for the efficiency of digital assets in terms
The US Securities and Exchange Commission (SEC) has brought to light the pressing issue of retail investors lacking timely access to fund portfolio data. Commissioner Jaime E. Lizárraga pointed out that the current regulatory framework requires registered investment companies to provide periodic portfolio holdings data to the Commission and investors. This data delay affects around
Ethereum (ETH) has been facing a tough battle within a daily trading range of $2,300 to $2,800 since the beginning of August. In recent days, the cryptocurrency has been struggling to surpass the $2,600 mark, causing concerns among both analysts and investors. The failure to break through this resistance level has resulted in disappointment, especially
