Japan, under the leadership of Prime Minister Fumio Kishida, is making bold moves to support and nurture the growth of startups in the Web3 and blockchain sectors. The recent announcement of tax reforms by Takeru Saito, Japan’s Minister of Economy, Trade, and Industry, further solidifies Japan’s commitment to fostering a favorable environment for innovation. The
Former FTX executive Ryan Salame has recently decided to withdraw his petition to dismiss the indictment against Michelle Bond. This decision comes just days before a critical court hearing, creating significant speculation about the motives behind it. Salame’s legal team informed Judge Lewis A. Kaplan of the Southern District of New York that the petition
Congressman Wiley Nickel (D-NC) recently took to social media to express his strong criticism of the US Securities and Exchange Commission (SEC). He accused the agency of undermining trust in the regulatory system by employing a “regulation by enforcement” approach. Nickel labeled the SEC’s strategy as a “blatant abuse of power” that could potentially hinder
Recent findings by TRM Labs have shed light on the concerning trend of illicit activity at crypto ATMs. According to their report, the proportion of illicit transactions at these machines is significantly higher than in the broader crypto industry. This disparity is attributed to the lack of stringent Know Your Customer (KYC) and Anti-Money Laundering
Meet Opeyemi, a writer deeply immersed in the world of cryptocurrency. While this may not have been his initial choice of expertise, he has found himself captivated by the intricacies of blockchain technology for over two years now. Opeyemi prides himself on creating informative content that demystifies the complexities of the digital asset industry and
The recent increase in demand for Bitcoin (BTC) in the United States, spurred by Federal Reserve chair Jerome Powell’s comments at the Jackson Hole symposium, has sparked interest in the cryptocurrency. Despite this surge in demand, the overall growth trend for Bitcoin has been relatively low and even negative in recent weeks. It is important
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
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