Ukraine is on the brink of a significant shift in its approach to cryptocurrency legalization, as local lawmakers are gearing up for a pivotal vote on a new bill concerning digital assets. This long-awaited legislative effort aims to establish a robust regulatory framework, which has become increasingly urgent in the wake of the financial challenges
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The landscape of cryptocurrency is notoriously volatile; however, Ethereum’s recent plunge stands out as particularly alarming. With a staggering 27% drop in value within just five days, the atmosphere surrounding this cryptocurrency is steeped in apprehension and trepidation. Many in the market are bracing themselves for a potential bear market, with analysts voicing concerns about
Thorchain, a decentralized exchange (DEX) that emphasizes interoperability, is at a crossroads as key developers depart due to escalating tensions regarding its handling of potentially illicit funds. The urgency surrounding this issue has been magnified by findings related to North Korea’s Lazarus Group—alleged perpetrators of hacking—utilizing the platform to launder stolen Ethereum from the Bybit
In a significant shift in regulatory perspective, the US Securities and Exchange Commission (SEC) has issued a statement through its Division of Corporation Finance regarding the classification of meme coins within the framework of federal securities laws. Traditionally viewed as potentially falling under strict securities regulations, meme coins are now being distinguished as distinct from
On March 17, the CME Group announced plans to launch Solana (SOL) futures contracts, pending necessary regulatory approvals. This move has generated excitement among market participants, driven by an uptick in client demand for more sophisticated trading instruments in the cryptocurrency space. Notably, Nate Geraci, CEO of The ETF Store, expressed optimism about this development,
In a significant move that underscores the evolving relationship between cryptocurrency exchanges and regulatory bodies in South Korea, Dunamu, the parent company of Upbit, has initiated legal proceedings against the Financial Intelligence Unit (FIU). This lawsuit, filed with the Seoul Administrative Court, challenges the FIU’s decision to suspend business operations over alleged regulatory violations concerning
In recent weeks, the Securities and Exchange Commission (SEC) has come under fire for its controversial decision to dismiss several high-profile cases involving major cryptocurrency companies, such as Coinbase, Robinhood, and Gemini. The dissenting voice leading this criticism is SEC Commissioner Caroline Crenshaw, who has expressed profound concerns regarding the implications of these decisions for
Over the last week, the cryptocurrency market has experienced a pronounced downturn, causing the total market capitalization to dip below the critical figure of $2.8 trillion. Bitcoin (BTC) bears the brunt of this decline, showing a staggering 19% decline over the past seven days. Ethereum (ETH), its closest competitor, has fared even worse, with prices
On Friday, February 28, a significant expiration of Bitcoin options contracts is set to occur, with approximately 58,000 contracts valued at a staggering $4.7 billion. This expiry is particularly noteworthy, as it aligns with the end of the month, a predictable phenomenon that often leads to heightened market activity. However, despite the large volume of
The cryptocurrency sector has long been a playground for hackers, but the recent attack on Bybit—attributed to the notorious Lazarus Group—highlights an alarming escalation in cyber threats. With over $1.5 billion siphoned off from its cold wallets, the incident that transpired on February 21, 2023, not only represents a staggering loss but also showcases a