During a Berkshire shareholder meeting in the late 1990s, Charlie Munger famously stated, “The first $100,000 is a b—, but you gotta do it.” This blunt advice emphasizes the importance of achieving significant financial milestones, no matter the sacrifices required. Munger’s advice resonates with individuals striving to reach the $100,000 mark in various aspects of
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Celsius, a crypto lender that recently emerged from bankruptcy, has taken legal action against stablecoin issuer Tether. The lawsuit, filed in the US Bankruptcy Court for the Southern District of New York, accuses Tether of improperly liquidating over $800 million worth of BTC collateral during a market downturn in mid-2022. According to Celsius, Tether breached
Opeyemi, a dedicated writer with a keen interest in the cryptocurrency realm, has found himself deeply immersed in the world of digital assets for over two years. His passion for unraveling the complexities of blockchain technology and sharing insights on the latest trends in the cryptocurrency market shines through his work. Despite not initially choosing
The recent conclusion to the settlements phase of Ripple’s trial ended with a much smaller fine than anticipated by the SEC. U.S. District Court Judge Analisa Torres decided on a sum just a little over $125 million, compared to the $2 billion fine initially sought by the regulatory agency. This decision led to an immediate
Recently, Ripple was fined $125 million by the US Securities and Exchange Commission (SEC) for violating securities laws. This amount is significantly lower than the $2 billion initially demanded by the regulator, leading many to view it as a victory for Ripple. The fine comes as a relief to the company and has sparked a
The Commodity Futures Trading Commission (CFTC) has recently announced that it has awarded over $1 million to a crypto whistleblower. This whistleblower’s information led to an enforcement action regarding improper trading in digital asset markets. The CFTC’s Director of Enforcement, Ian McGinley, emphasized the importance of identifying unlawful conduct in the digital asset marketplace, particularly
The ongoing debate between Ethereum and Solana has caught the attention of crypto enthusiasts and analysts alike. One such analyst, Peter Brandt, recently conducted a detailed comparison between the two cryptocurrencies, shedding light on their fundamental characteristics, strengths, and weaknesses. Brandt’s analysis has sparked further discussions on which blockchain will emerge as the superior one
Tether, the issuer of the USDT stablecoin, has announced its intention to double its current workforce within the next year. This move is aimed at strengthening various areas within the company, particularly compliance. By mid-2025, Tether plans to have around 200 employees, according to Chief Executive Officer Paolo Ardoino. This expansion includes a focus on
The recent regulatory action taken by the US Federal Reserve against the crypto-friendly Customers Bank has raised concerns within the crypto industry. The Fed cited violations of the Bank Secrecy Act, Anti-Money Laundering laws, and Office of Foreign Assets Control regulations due to the bank’s involvement with digital assets. Customers Bank has been mandated to
Shibarium, the layer-2 scaling solution for Shiba Inu, has announced a hard fork launch scheduled for August 9. This upgrade includes the introduction of a burn mechanism to enhance the ecosystem and make significant progress in transaction speed, scalability, and cost reduction. The latest upgrade to Shibarium includes the implementation of the Bor version, a
