The highly-anticipated 2024 bitcoin bull run has not progressed as expected, despite Bitcoin’s achievement of breaking its 2021 all-time high early in the year. The momentum towards reaching the coveted $100,000 mark has slowed down and Bitcoin has faced some challenges along the way. Perplexity has identified a number of factors that could potentially spark
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The U.S. Securities and Exchange Commission (SEC) recently filed a complaint against two brothers, Jonathan Adam and Tanner Adam, for orchestrating a $60 million Ponzi scheme. The complaint, lodged on August 26 in the United States District Court for the Northern District of Georgia in Atlanta, alleges that the siblings defrauded over 80 individuals by
Semilore Faleti stands out as a cryptocurrency writer with a specialization in journalism and content creation. Through his journey, he has delved deep into the complexities and intricacies of the blockchain and cryptocurrency world. His passion for digital assets is evident in his advocacy for their adoption to enhance the digitalization and transparency of financial
The US Securities and Exchange Commission (SEC) has brought to light the issue of retail investors not having timely access to fund portfolio data. This is a significant problem, as the current regulatory framework mandates registered investment companies to provide this data periodically to the Commission and investors. However, the data is often delayed, impacting
Ethereum (ETH) has been facing a challenging time in the market, with its price hovering between $2,300 and $2,800 since the beginning of August. Despite efforts to break past the $2,600 mark, ETH has failed to gain momentum, causing concerns among analysts and investors alike. This lackluster performance is particularly disappointing when compared to Bitcoin’s
The crypto industry is experiencing a significant shift away from the United Kingdom due to the burdensome and time-consuming regulatory processes imposed by the Financial Conduct Authority (FCA). According to a report by the Financial Times, registrations for crypto asset exchanges and custodian wallet providers have decreased by more than 50% in the past three
The issue of centralization in the cryptocurrency space remains a contentious topic, with some of the popular project tokens such as Polygon (MATIC) and Shiba Inu (SHIB) coming under scrutiny for the high concentration of holdings among the top wallets. According to data from Santiment, Polygon’s top ten wallets collectively control a staggering 69.4% of
Recent reports have surfaced regarding Ethereum co-founder Vitalik Buterin’s significant transfers of ETH, totaling millions of dollars. Buterin made two notable transfers, one involving 800 ETH worth $2.01 million, and another involving 3,000 ETH valued at approximately $8.04 million. These transfers have reignited debates within the Ethereum community regarding the role of ETH as a
Recently, the Nigerian Securities and Exchange Commission (SEC) granted Approval-in-Principle to two local crypto exchanges, Busha Digital Limited and Quidax. This move signifies the SEC’s commitment to promoting innovation while safeguarding investors in the digital asset space. With the Accelerated Regulatory Incubation Program (ARIP) in place, operational firms are being onboarded ahead of the anticipated
Floki Inu (FLOKI) recently experienced a significant drop of approximately 20%, causing it to lose its position among the top 5 meme coins. The current price of FLOKI stands at around $0.0001272, with a market capitalization of $1.23 billion. This decline allowed Bonk Inu (BONK), with a market cap of $1.25 billion, to surpass Floki