The DeFi Education Fund and the Blockchain Association recently submitted an amicus brief in support of a legal challenge against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). This database, operational since April, aims to track all securities trades across US markets, raising significant privacy and security concerns for participants in the digital
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In a recent development, a US federal judge has denied the request made by crypto exchange Kraken to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC). This lawsuit alleged that Kraken was operating an unregistered securities exchange. The SEC’s complaint also accused Kraken of acting as an unregistered securities exchange, broker, dealer,
In a surprising turn of events, former Binance CEO Changpeng ‘CZ’ Zhao has been moved from FCI Lompoc II to the RRM Long Beach halfway house in California. This move has sparked confusion among users who wrongly assumed that he had been released. However, it is essential to clarify that CZ remains in custody, with
Pi Network, a cryptocurrency project introduced in 2019, has been gaining traction with its unique approach to mining digital assets on mobile devices. Unlike traditional Proof-of-Work (PoW) algorithms, Pi Network utilizes the energy-efficient Stellar Consensus Protocol (SCP) developed by the Stellar Development Foundation. This move aims to address the high electricity consumption associated with PoW
The recent surge in the price of Cardano (ADA) has sparked a wave of optimism among investors, with many hoping to capitalize on the gains. However, on-chain data suggests that a significant portion of Cardano investors might be inclined to secure their profits rather than hold on to their positions. Despite the price gain of
The FBI’s recent decision to utilize NFTs in returning $1.14 million to victims of the CluCoin fraud marks a significant shift in how law enforcement agencies interact with victims of financial crimes. By leveraging the innovative technology of NFTs, the FBI aims to streamline the process of victim restitution while minimizing the potential for further
As the month of August comes to a close, Bitcoin investors are left to reflect on the tumultuous journey the cryptocurrency has taken them on. The month started on a high note, only to be quickly clouded by multiple crashes that sent shockwaves throughout the market. The first week of August saw a staggering 30%
Ethereum, like many other altcoins, is currently facing a significant amount of selling pressure in the market. Despite some brief moments of strength following a sell-off in early August, the price of Ethereum still struggles to rise above $2,800. However, one positive aspect to note from the daily chart is the resilience of the bulls.
After facing a significant drop in value the day before, bitcoin has fiercely rebounded in the last 12 hours, reaching a weekly high of nearly $62,000. This upward trend has not been exclusive to bitcoin, as other major altcoins like TRX and TON have also experienced impressive gains. Just a week prior, the primary cryptocurrency
In recent times, there has been a noticeable shift in the Layer 2 network landscape, with Base, an Ethereum Layer 2 network incubated by Coinbase, making significant strides. According to the latest data from IntoTheBlock, Base now has nearly 40% more daily active addresses compared to the combined total of its rivals, Arbitrum and Optimism.