The recent charges brought by the U.S. Securities and Exchange Commission against Galois Capital, a crypto-focused advisory firm, highlight a crucial oversight in the firm’s operations. The SEC found that Galois failed to ensure that the crypto assets held by the private fund it was advising were secured with a qualified custodian. Instead, the firm
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Ripple made waves in the blockchain and cryptocurrency space by announcing its partnership with South Korea’s Yonsei University as part of its University Blockchain Research Initiative (UBRI) program. This collaboration marks a significant milestone for Ripple, as it brings the total number of global UBRI partnerships to 58, with a strong presence in the Asia
The recent settlement between the US Securities and Exchange Commission (SEC) and hedge fund Galois Capital Management LLC serves as a stark reminder of the importance of complying with client asset safeguarding requirements. The SEC charged Galois Capital for allegedly failing to adhere to these regulations, particularly regarding crypto assets that were categorized as securities.
Cardano recently underwent a Chang upgrade on its Layer-1 blockchain, introducing a range of new features and improvements. Despite this, the price of ADA has experienced a significant drop, raising concerns among investors and traders. At the time of writing, Cardano (ADA) was down 2.7%, trading at $0.3335 with a daily trading volume of $307.4
In response to a major security breach that saw over $230 million in user assets being stolen, WazirX has decided to expedite its fiat currency withdrawal process. Originally scheduled to begin on September 9, the exchange has now started the second phase of withdrawals on September 3. CEO Nishal Shetty took to social media to
Bitcoin’s price has been experiencing significant fluctuations recently, with a drop from $59,076 to as low as $57,127 in the early Asian trading session. This decline comes after closing the week at $57,565, showcasing the struggle to gain momentum for a bullish reversal. The trajectory of Bitcoin’s price is influenced by various factors, including economic
Bitcoin’s price has recently fallen below $56,000, signaling a continued downtrend in the cryptocurrency market. Arthur Hayes, co-founder of BitMEX, warns of a potential further decline to $50,000. His bearish outlook is influenced by various macroeconomic factors, particularly the Federal Reserve’s actions and the dynamics of the US Treasury market. Hayes predicts that altcoins may
Samuel Edyme, known by his alias HIM-buktu, is a multifaceted individual with a repertoire that includes web3 content writing, journalism, and a keen interest in trading. Unlike the traditional success stories in the crypto space, Edyme’s foray began with a less-than-glamorous encounter with a Ponzi scheme that lured him in using cryptocurrency as payment. However,
The recent volatility in Bitcoin’s price, including a drop below $50,000 last month, has caused some concern among investors. However, one crypto analyst, CryptoCon, remains optimistic about Bitcoin’s future. Despite the current price corrections, CryptoCon predicts a sharp rise to over $100,000 once the market stabilizes. CryptoCon based his bullish forecast on Bitcoin’s current price
The mobile gaming industry is abuzz with excitement over the impending launch of Rebel Skies, a groundbreaking game developed by Faraway Games. Scheduled for release in October 2024, this innovative game is poised to shake up the mobile gaming landscape by integrating action, real-time strategy (RTS), and deck building genres into a single, immersive experience.