The US Securities and Exchange Commission has pushed back against Hex founder Richard Heart’s attempt to have its $1 billion securities fraud lawsuit dismissed, asserting that it has jurisdiction over the case. In its opposition brief filed in a New York federal court, the SEC argued that Heart’s motion to dismiss failed to address the
The recent shift in Federal Reserve interest rates is causing waves in the cryptocurrency market. As the central bank signals a regime of interest rate cuts, the impact on digital assets with hard supply caps is becoming more apparent. This article will analyze how the changing interest rate landscape could drive up prices for certain
Bitcoin’s recent crash below $50,000 on August 5 took the crypto market by storm, causing a cascade of losses across various cryptocurrencies. While the market has since bounced back, many short-term holders are still grappling with unrealized losses. Short-term holders, defined as investors who hold onto their assets for a brief period, are quick to
Cardano (ADA) has recently been labeled as a “dinosaur coin” by many in the crypto community. However, a recent video chart analysis by XForceGlobal (@XForceGlobal) suggests that ADA may be on the brink of a strong upward phase, akin to what Solana (SOL) experienced earlier this year. This analysis delves into the Elliott Wave cycle
The cryptocurrency market is currently experiencing a mixed period of price stagnation and volatility, leaving many investors uncertain about the future. However, all eyes are now on the highly anticipated Pectra upgrade for the Ethereum (ETH) network. Scheduled for the first quarter of 2025, this major upgrade has generated significant attention from bullish analysts who
The recent security breach on the Indian cryptocurrency exchange WazirX has led to a comprehensive restructuring plan being put into place. However, the exchange has warned that external parties not invested in the platform may try to prolong the restructuring process for their own gains. These parties are said to be creating and maintaining “uncertainty”
Opeyemi, a dedicated writer and cryptocurrency enthusiast, has found his passion in the dynamic and intriguing realm of digital assets. Although this industry was not his initial choice, he has become fully immersed in it over the past two years. He takes pride in crafting insightful pieces that unravel the complexities of blockchain technology and
Shibarium, a layer-2 blockchain solution built on the Ethereum network, was created with the intention of fostering the development of the Shiba Inu ecosystem. Its primary goals included reducing transaction costs, improving speed, and increasing scalability. Since its inception a year ago, Shibarium has achieved significant milestones, processing over 418 million transactions and reaching 400
The joint statement from Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek sheds light on the challenges facing AI innovation in the European Union. They argue that the EU’s “fragmented regulatory structure” is stifling AI innovation, making it difficult for companies to navigate the complex web of regulations. The lack of clear rules and
German authorities recently seized nearly 250,000 euros and 13 crypto ATMs in a nationwide crackdown aimed at strengthening regulatory oversight in the country’s rapidly expanding cryptocurrency sector. The Federal Financial Supervisory Authority (BaFin) led the operation, which targeted 35 locations where crypto ATMs were allegedly operated without proper licensing. This operation was conducted in collaboration