The Australian Securities and Investments Commission (ASIC) is poised to introduce a significant regulatory framework aimed at enhancing the accountability and transparency of cryptocurrency service providers in Australia. Announced on September 23, this new licensing regime is designed to fall under the Corporations Act, categorizing certain crypto services as financial products. This move comes amidst
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In recent months, Ethereum holders have faced a daunting environment that has tested their patience and resolve. As the flagship smart contract platform grapples with fluctuating price trends, the optimism surrounding its potential seems to be dwindling. Recent developments, particularly concerning the launch of Ethereum spot exchange-traded funds (ETFs) in the United States, were initially
In recent weeks, Ethereum has faced significant price volatility, raising alarm bells among investors and analysts alike. Following a dip to a low of $2,150 on September 6, concerns emerged about a potential plunge toward the critical psychological support level of $2,000. However, the cryptocurrency briefly recovered, reaching $2,460 by September 13. Despite this bounce,
In recent events, a faction of Republican lawmakers, led by Representative Patrick McHenry and Senator Cynthia Lummis, has voiced profound concerns regarding the Securities and Exchange Commission’s (SEC) newly established directives for regulating crypto custody. This discontent culminated in an open letter directed toward SEC Chair Gary Gensler, wherein these lawmakers have requested the immediate
In an era where cryptocurrencies dominate conversations and digital currencies fluctuate like the weather, one game stands out as a ludicrous commentary on this digital phenomenon. Enter Boinkers, a parody game that cleverly merges the absurdity of the memecoin market with entertaining gameplay and social interaction. Available for free on Telegram, this game plays into
As the cryptocurrency market continues to expand and mature, traditional financial institutions are increasingly recognizing the potential of digital assets. One noteworthy development is BNY Mellon’s recent efforts to carve out a niche in the crypto custody market, particularly focusing on Bitcoin and Ethereum exchange-traded funds (ETFs). On September 24, Bloomberg News reported that the
In a compelling push for progress on the issue of stablecoin regulation, Congresswoman Maxine Waters, the ranking Democrat on the House Financial Services Committee, has urged for a bipartisan agreement by the end of 2024. This call to action arose during a crucial committee hearing held on September 24, where Waters articulated her belief that
In a significant strategic move, cryptocurrency exchange Kraken has announced the acquisition of Coin Meester (BCM), one of the longest-standing registered crypto brokers in the Netherlands. This acquisition, revealed in a statement on September 24, aims to bolster Kraken’s foothold in the Dutch market and enhance its operational capacity through newly secured Virtual Asset Service
In the realm of cryptocurrency, particularly Bitcoin, the term “whale” refers to individuals or entities that hold significant amounts of Bitcoin and therefore have the potential to influence its market dynamics. Recently, the reactivation of an exceptionally dormant Bitcoin wallet has caught the attention of investors and analysts alike. This wallet, dormant for nearly ten
In recent years, the gaming industry has been undergoing a significant transformation, driven largely by the rise of Web3 technologies. The Global Gaming Report 2024 from Elympics has given us critical insights into this dynamic landscape, highlighting how blockchain technology is poised to revolutionize player experiences and monetization. As surveys conducted by the report involve