Category: Latest news

[ad_1] On Dec. 22, the U.S. Securities and Exchange Commission (SEC) admitted to making inaccurate statements in an ongoing case against Debt BOX, a cryptocurrency firm accused of significant fraud. The SEC alleges that Debt BOX defrauded investors of almost $50 million. Though its core claims remain, the SEC admitted today that its legal counsel…

[ad_1] Chinese authorities have proposed a ban on converting virtual gaming tokens to fiat currency in a preemptive move to regulate the burgeoning Web3 gaming sector. The proposed rules were introduced as part of a larger draft of new regulations for the gaming industry. They aim to exert tighter control over the digital economy, particularly…

[ad_1] Paxos, a major player in the stablecoin market, has secured regulatory approval from the New York Department of Financial Services (DFS) to expand its stablecoin offerings to the Solana blockchain, according to a Dec. 22 Fortune report. This marks a significant development, as Paxos was previously limited to issuing its Pax Dollar (USDP) stablecoin…

[ad_1] 2023 saw an unprecedented wave of regulatory actions around cryptocurrencies around the world, but nowhere was the change more noticeable than in the United States. Preceded by an opening salvo in August 2022, when the Treasury Department applied sanctions to the Ethereum coin mixer Tornado Cash, 2023 saw clampdown after clampdown, from multiple SEC…

[ad_1] Quick Take As of November’s end, the number of Bitcoins that have remained inactive for a decade or more has exceeded the 3 million mark. To put this into perspective, given that the circulating supply totals 19.5 million coins, this long-term holding represents about 15% of that supply. This suggests an increasing propensity for…

[ad_1] Quick Take CryptoSlate’s analysis of the dormant Bitcoin supply revealed significant trends in the past few months. This supply, defined as the amount of circulating Bitcoin that has remained inactive for over a year, reached a historic 71% in November. In its recent newsletter, Pantera Capital highlighted an interesting correlation: when this dormant supply…

[ad_1] South Korean gaming giant Wemade (WEMIX) teamed up with Whampoa Digital, the technology investment arm of Singapore’s Whampoa Group, to launch a $100 million Web3 fund for driving digital asset initiatives in the Middle East. According to a Dec. 22 statement, Whampoa Digital will join the WEMIX PLAY Center within the Dubai International Financial…

[ad_1] Quick Take A recent examination of the Federal Reserve’s balance sheet reveals a significant trend of quantitative tightening. The balance sheet has contracted by approximately $15 billion in the past week alone, signaling possible upcoming economic shifts. As noted by Charlie Bilello, the Chief Market Strategist at Creative Planning, 2023 may set new records…

[ad_1] Quick Take Since its inception in 2009, Bitcoin has redefined the traditional trading timelines, operating with nearly 100% uptime and supporting 24/7 transactions. As of Dec. 22, 2023, it has been actively traded for 5,466 days. Compared with the S&P 500, a standard bearer of traditional asset trading that operates five days a week,…

[ad_1] Quick Take Analyzing the Accumulation Trend Score provides an overview of the current Bitcoin market dynamics. This metric, which measures the relative strength of accumulation based on the size of entity wallets and their recent coin acquisitions, reveals distinct behaviors among different cohort tiers. Exchanges and miners are omitted from this calculation. Bitcoin whales,…