The recent hack on the Japanese cryptocurrency trading platform DMM Bitcoin has raised serious concerns within the crypto community. The platform lost around $305 million worth of Bitcoin due to the breach, resulting in the loss of 4,502.9 bitcoins. While DMM Bitcoin has reassured its customers that it is investigating the incident and implementing measures
The recent approval of the Ethereum Spot ETFs by the US Securities and Exchange Commission (SEC) has sparked a flurry of activity among prospective issuers. Many asset managers have filed amended versions of their S-1 forms following the initial directive from the commission. One of the most significant developments in this space is the revelation
Recent trends in the crypto market show a growing sense of confidence among investors, particularly in Bitcoin. Despite the premier cryptocurrency’s price ending May below the $70,000 mark, large-scale investors have been accumulating BTC. This accumulation is evident in the continuous movement of significant amounts of Bitcoin out of centralized exchanges, as highlighted in recent
Upon vetoing H.J. Res. 109, US President Joe Biden cited the SEC’s controversial SAB 121 rule as embodying the “considered technical” views of SEC staff. He argued that overturning the rule would impede the SEC’s ability to establish guidelines and address potential risks, thereby diminishing the agency’s control over accounting practices. Furthermore, Biden highlighted the
Coinbase recently filed a closing brief with the US Court of Appeals for the Third Circuit, challenging the SEC’s denial of its rulemaking petition. The crux of the issue lies in a single sentence in the SEC’s order, where the regulatory body “disagreed” with Coinbase’s assertion that current SEC rules are unworkable for digital asset
Blockchain technology has been making waves in the gaming industry, and the recent partnership between OKX and Immutable is set to revolutionize the way gamers and game studios interact with the digital world. By leveraging Immutable’s zkEVM solution, the collaboration aims to bring enhanced features and benefits to the gaming ecosystem, paving the way for
The recent ruling by the U.S. District Court for the District of Utah saw the dismissal of the Securities and Exchange Commission’s (SEC) case against Digital Licensing, operating as Debt Box. The judge also ordered the SEC to pay around $1.8 million in attorney and receivership fees. Debt Box confirmed the dismissal in a post
Cryptocurrency analyst Nick from the Cheeky Crypto YouTube channel recently made a bold prediction for Cardano (ADA), suggesting that the price could reach $38 in the future. While acknowledging that this might not happen in the immediate future, Nick pointed towards Cardano’s technological advancements as a key factor that could drive the price of the
There has been recent speculation by Bloomberg ETF analyst, Eric Balchunas, that US spot Ethereum ETFs could potentially launch in June. Balchunas has suggested that there is a legitimate chance that these spot Ethereum ETFs will be up and running by the end of June, although he believes an earlier mid-June launch is unlikely. Balchunas’
In a recent move, SEC commissioner Hester Peirce has put forward a proposal for the establishment of a shared digital securities sandbox between the US and the UK. This initiative aims to extend the existing joint digital securities sandbox (DSS) operated by the Bank of England and the Financial Conduct Authority (FCA) to include US
