SEC will not pursue enforcement action against Paxos

Year-to-date, the price of Bitcoin (BTC) is up 40% against the United States dollar, and other major cryptocurrencies such as Ethereum and Litecoin have also demonstrated strong gains in the past four months.Performance of crypto assets in the past month. Source: coin360.ioLitecoin, for instance, recorded a staggering 208% increase in value since January — outperforming…

The Global Times claims that China’s central bank has refuted recent reports of its plans to launch a state-backed cryptocurrency this November.The Global Times is China's national English language tabloid, under the People’s Daily — the official newspaper of the Communist Party of China (CPC). Its editor-in-chief, Hu Xijin, is perceived to have close links…

The United States Securities and Exchange Commission (SEC) has hired Kristina Littman as Chief of the Division of Enforcement’s Cyber Unit, a specialized unit that aims to protect investors and markets from cyber-related misconduct. Littman’s credentialsOn Dec. 2, the SEC announced the new hire. The press release elaborated that Littman started at the SEC’s Division of…

Bitcoin (BTC) is showing tenacity above $50,000 on March 25. The 10% drop over the last 24 hours happened despite Tesla allowing customers to buy vehicles using BTC in addition to CEO Elon Musk affirming that it will not be converted to fiat currency.On March 22, the United States Federal Reserve chair, Jerome Powell, stated that Bitcoin…

United States-based Investment management firm AdvisorShares and investments advisory company Sabretooth Advisors will jointly launch an exchange-traded fund (ETF) that tracks tech companies, including those involved with blockchain and cloud computing, MarketWatch reported on Feb. 6.ETFs are marketable securities that track a basket of assets proportionately represented in the fund’s shares. ETFs are offered on…

“It seems perverse to me that we would be encouraging centralization,” said SEC Commissioner Hester Peirce prior to a vote on the proposal. 320 Total views 3 Total shares Own this piece of history Collect this article as an NFTThe United States Securities and Exchange Commission has announced it will be revisiting the proposed redefinition…

Over the years, it has become a known fact for anyone dealing with cryptocurrencies that scams are running rampant. However, as more novice players enter the market, more scammers up their tactics to take advantage of unsuspecting Bitcoin enthusiasts with fake Bitcoin giveaways and other elaborate schemes. Recently, a new bout of scammers has emerged with…

The researchers found that in some exchanges, the wash trading volume can go as high as 80%. 95 Total views 1 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTWith exchanges becoming a focus as the FTX fiasco continues, a new research paper suggested that almost three out of four transactions in…

Financial charting provider TradingView secured $298 million in a new funding round led by Tiger Global. 636 Total views 10 Total shares TradingView, the price charting platform used as a reference for price movements of cryptocurrencies and other assets, has secured $298 million in a funding round to attain a $3-billion valuation.Led by TradingView’s new…