Here’s what happened in crypto today

The SEC has relaxed rules that once prioritized net worth over financial sophistication. The Securities and Exchange Commission, or SEC, is now amending its definition of an “accredited investor” to relax the purely wealth-based requirements, after announcing such plans in December 2019.Accredited investors in the U.S. enjoy special privileges with the SEC — namely being…

On Aug. 12, Cardano tweeted that the upgrade had been completed successfully at epoch 290, facilitating the creation and execution of smart contracts on the public blockchain for the first time. Despite celebrating the milestone, Cardano notes that it is still “early days for the project,” asserting that now is when "the mission truly begins”…

Historically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum. A few studies from 2019 found a 2.3% average drop in BTC price 40 hours before the CME futures settlement date. However, as Cointelegraph reported in June 2020, the effect faded away. While 2020 seems to have rejected…

The decision to freeze Shin’s asset worth over $104 million was approved by the Seoul Southern District Court, which was based on a request from the prosecutors. 496 Total views 20 Total shares While crypto exchange FTX stole the limelight from other fallen ecosystems, South Korean authorities continue their efforts to bring closure to the…

Roughly 500 people were in for a random surprise on Mar. 8, receiving a profanity-laced correspondence from BlockFi after their email addresses were used to sign up for fake accounts. 1432 Total views 10 Total shares This week's temporary closure of registrations for crypto lending and borrowing app BlockFi was due to an attack by…

Eclipse’s chief growth officer Vijay Chetty was named CEO “effectively immediately” with the firm announcing that Neel Somani was departing.

SBI Crypto Investment, a subsidiary of the Japanese financial giant SBI Holdings, has invested in crypto firm Breadwinner AG, Cointelegraph Japan reports on Jan. 15.SBI’s crypto investment fund did not disclose the amount contributed to Switzerland-based Breadwinner, the developer of mobile crypto wallet BRD.  According to the announcement, BRD operates in 170 countries and has…

The current crypto bear market has induced panic, fear and uncertainty in investors. The dire situation started when the global crypto market capitalization dropped below the $2 trillion mark in January 2022. Since then, the price of Bitcoin (BTC) has decreased by over 70% from its all time-high of $69,044.77 it reached on November 10,…

Collapsed crypto exchange FTX and 130 affiliates filed for bankruptcy in Delaware on Nov 11. Chaos followed as a number of FTX creditors, investors and industry experts began to question what would happen next. Laura Shin, crypto journalist, author and host of the Unchained Podcast, sent a tweet on Nov. 15 questioning whether the alleged inter-loan…