The recent filing by the US Securities and Exchange Commission (SEC) regarding the repayment strategy in the ongoing FTX bankruptcy case has raised significant concerns within the industry. The SEC expressed worries about the plan to repay creditors using stablecoins or other digital assets, potentially challenging these transactions under federal securities laws. While the SEC
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The crypto space has been hit hard by a series of hacks and exploits in recent months, resulting in significant financial losses for investors and users. In just one month, over $313 million was stolen in more than ten separate incidents, with two large phishing attacks accounting for 93.5% of the total stolen funds. These
Recent data from Bitbo, a BTC on-chain analysis platform, reveals that Bitcoin miners experienced a significant decline in revenue generation in August. The figures indicate that mining activities only secured $827 million last month, marking a sharp decrease of over 10% from July’s $927.35 million. This drop becomes even more significant when compared to March
The digital asset investment market experienced a significant setback last week, with a total of $305 million in outflows reported. This negative sentiment was observed across various providers and regions, indicating a widespread impact on the market. CoinShares has attributed this decline to stronger-than-expected economic data from the United States, which has caused a shift
Yuga Labs, the creators of the popular Bored Ape Yacht Club, have recently announced a new initiative that could lead to even more innovation from the company in the future. The initiative, called “The Workshop,” is described as a team of “no fat, just doers” with a mission to create emerging products. This marks a
In a recent announcement, it was revealed that OKX SG, the Singaporean entity of the crypto exchange OKX, has successfully obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore as it grants businesses the ability to operate without daily or monthly transaction limits.
The past 24 hours have not been kind to Bitcoin as the cryptocurrency plummeted to a 2-week low of $57,100. This downward trend has also affected most altcoins, with popular tokens like TON, DOGE, and ADA experiencing a 2-4% drop in value. The recent price actions of Bitcoin have left investors feeling underwhelmed, especially after
Cardano recently completed its Chang upgrade, signaling a significant shift towards a decentralized governance system that puts power in the hands of ADA holders. This move, named after the Chinese mathematician Ch’ang Shou, took place at block 10764778 on Sep. 1. The upgrade brings forth a range of changes, including the introduction of on-chain voting,
A recent incident in London has brought to light the first case of a UK resident being charged with operating a Bitcoin ATM without proper registration. Habibur Rahman, a 37-year-old resident of East Ham, was arrested following a raid by Kent Police at a gadget shop in Chatham. The outlet, Gadcet, was found to have
Semilore Faleti is a cryptocurrency writer who has made a name for himself in the field of journalism and content creation. With a keen interest in the complexities of blockchains and cryptocurrency, Semilore has dedicated himself to exploring the efficiency of digital assets in storing and transferring value. His advocacy for the adoption of cryptocurrency
