The recent filing by the US Securities and Exchange Commission (SEC) regarding the proposed repayment strategy in the FTX bankruptcy case has raised significant concerns within the industry. The plan to repay creditors using stablecoins or other digital assets has prompted the SEC to reserve the right to challenge these transactions under federal securities laws.
Recent data from Bitbo, a leading bitcoin on-chain analysis platform, reveals a concerning trend for BTC miners. In August, miners suffered their worst month in nearly a year in terms of revenue generation. The total revenue generated from mining activities dropped to $827 million, a significant decrease of more than 10% from July’s $927.35 million.
The digital asset investment products market experienced a significant $305 million in outflows last week, leading to a widespread negative sentiment among various providers and regions. CoinShares has attributed this trend to the release of stronger-than-expected economic data from the United States. This economic data has not only impacted the market sentiment but has also
Yuga Labs, the creators of the immensely popular Bored Ape Yacht Club, have announced a new initiative that could drive even more innovation from the company. Co-founder and current CEO Greg Solano took to Twitter to unveil “The Workshop” – a new division within the company. Solano described The Workshop as a team of “no
In a recent announcement, OKX SG, the Singaporean entity of the crypto exchange OKX, made headlines by securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is a highly coveted status in Singapore, as it grants businesses the ability to operate without daily or monthly transaction limits. To
Bitcoin’s price took a significant hit in the past 24 hours, dropping to a 2-week low of $57,100. This sudden slump comes after a period of volatility in the market where the leading cryptocurrency failed to sustain its previous gains. Just a week ago, BTC surged to over $65,100 following positive developments in the US,
Cardano recently completed its Chang upgrade, signaling a shift towards a decentralized governance system. This upgrade, named after Chinese mathematician Ch’ang Shou, took effect at block 10764778 on Sep. 1. The Chang upgrade brings about significant changes to Cardano’s governance structure, including the introduction of on-chain voting, Delegate Representatives, enhanced smart contract capabilities through PlutusV3,
Semilore Faleti is not just your average crypto writer. With a specialization in journalism and content creation, he has delved deep into the intricacies of the blockchain and cryptocurrency world. What sets Semilore apart is his genuine passion for digital assets and their potential to revolutionize the financial industry. He believes in the efficiency of
Recently, a London resident named Habibur Rahman made history by becoming the first person in the UK to face criminal charges for operating a Bitcoin ATM without proper registration. This groundbreaking incident occurred after a raid conducted by Kent Police at a gadget shop in Chatham, where Rahman was found to have multiple crypto ATMs,
Bitcoin, the popular cryptocurrency, has been receiving a lot of attention lately for its reliability and success in the digital space. With a track record of never failing to execute new transactions and never being hacked at its core, Bitcoin has proven its ability to deliver on its promises. As one commentator aptly put it,