The recent Wells notice issued by the U.S. SEC to OpenSea has ignited a heated debate on the regulation of digital assets, particularly non-fungible tokens (NFTs). The SEC alleges that some NFTs traded on the platform may be considered unregistered securities, raising concerns about the legality of OpenSea’s operations. This move by the SEC is
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Ryan Salame, a former FTX executive, has recently opted to withdraw his petition to dismiss the indictment against Michelle Bond just before a crucial court hearing. This decision was communicated to Judge Lewis A. Kaplan of the Southern District of New York by Salame’s legal team in a letter dated Aug. 29. The withdrawal of
Crypto.com, a Singapore-based cryptocurrency exchange, has recently partnered with Standard Chartered, a leading multinational banking institution, to offer fiat services to retail users worldwide. This collaboration marks a significant milestone in Crypto.com’s global expansion plans, starting with the provision of banking and payment solutions to facilitate the deposits and withdrawals of USD, EUR, and AED
Japan’s Minister of Economy, Trade, and Industry, Takeru Saito, recently unveiled tax reforms aimed at fostering the growth of startups in the Web3 and blockchain sectors. This announcement was made during the WebX Conference, Tokyo’s largest event focused on cryptocurrencies. Saito emphasized Japan’s support for Web3 innovation and the government’s dedication to creating a conducive
Recent findings by TRM Labs have shed light on a troubling trend within the cryptocurrency industry – illicit activity at crypto ATMs. The report highlights that these cash-to-crypto services have processed over $160 million in illicit volumes since 2019, with a significant portion occurring in 2023. Interestingly, the proportion of illicit transactions at crypto ATMs
John is a writer who has found his passion in the world of cryptocurrency. Despite not initially choosing to delve into the digital asset industry, he has become deeply engrossed in it for over two years now. John takes great pride in his ability to create insightful pieces that demystify the complexities of blockchain technology
The recent comments made by Federal Reserve chair Jerome Powell at the Jackson Hole symposium have sparked a surge in the demand for bitcoin (BTC) in the United States. However, this increased interest seems to be confined mainly to BTC, as the overall demand growth in the cryptocurrency market remains at low levels. According to
The much-anticipated 2024 bitcoin bull run has hit a snag despite an early surge that broke the previous all-time high from 2021. The journey towards the $100,000 mark has been tumultuous, with Bitcoin struggling to maintain its momentum. The recent fourth halving event in April did not yield the expected results, and the cryptocurrency market
The US Securities and Exchange Commission (SEC) has recognized the importance of retail investors having more timely access to fund portfolio data. Currently, registered investment companies are required to provide periodic portfolio holdings data to the Commission and investors, but this information is often delayed. This delay can negatively impact millions of US households, leaving
Semilore Faleti is a prominent figure in the realm of crypto journalism, known for his expertise in blockchain and cryptocurrency. With a background in content creation and a passion for digital assets, Semilore has made significant contributions to the field over the past few years. Starting out as a writer covering various topics, Semilore quickly
