The recent court ruling declaring Ripple’s XRP token as “not in and of itself” a security has garnered mixed reactions. Securities and Exchange Commission (SEC) Chair Gary Gensler expressed his disappointment over the decision, emphasizing the potential impact on retail investors. In this article, we will analyze the implications of the ruling, the position of
Blockchain
Crypto traders are currently displaying a pessimistic outlook on the embattled crypto exchange Binance’s native coin, BNB, in the derivatives market. This negative sentiment comes as Binance continues to face increasing regulatory scrutiny from various global jurisdictions. Regulators from Australia, Europe, and the US have tightened their grip on the crypto exchange, with allegations ranging
The proposed bill to regulate stablecoins in the United States may soon see a breakthrough as Republicans and Democrats are likely to come to an agreement. After initial disagreements between the two parties, it seems that both sides are now aligned on the need for comprehensive regulation around stablecoins. This article will explore the recent
Cathie Wood’s Ark Invest made another move in the market last week, selling 478,356 shares of Coinbase valued at $53 million. This follows the previous sale of 135,152 Coinbase shares worth $12 million just a week earlier. The investment management firm seems to be reducing its exposure to the crypto exchange, taking advantage of the
Bitcoin’s next “halving” event, which occurs approximately every four years, is just nine months away. Expected to take place on April 26, 2024, at Block 840,000, this event will lead to a reduction in the inflation rate of Bitcoin. Currently, 6.25 BTC are produced every ten minutes, but after the halving, this will decrease to
The BNB Beacon Chain, part of the Binance blockchain ecosystem, is scheduled to undergo a hard fork upgrade known as “ZhangHeng” on July 19th at 6:00 UTC. This upgrade, named after a renowned Chinese scientist, aims to enhance security features for users. With a hard fork, there is a change to the software protocol that
In the year 2023, the crypto scam industry has witnessed a significant decline, marking it as a subdued year for crypto scammers. According to a recent report from blockchain intelligence firm Chainalysis, the inflows to “known illicit entities” have dropped by 65% in comparison to the same period last year. Surprisingly, inflows to entities considered
South Korea is taking significant steps towards enhancing transparency in its crypto market. The Financial Services Commission (FSC) has recently announced that domestic companies involved in cryptocurrencies will be required to disclose comprehensive information about their transactions to the financial regulator. These new accounting rules are set to take effect starting January 2024. Under the
The Russian government has been sending mixed messages regarding its stance on cryptocurrencies. While the Central Bank favors a China-style ban on all forms of crypto-related activity, government ministries, such as finance, trade, and energy, are expressing a desire to legalize and regulate crypto. This conflicting stance has created an impasse between the different bodies,
Bitcoin’s energy efficiency has long been a topic of concern within the cryptocurrency community. As mining activities continue to grow, so does the amount of electricity consumed, raising questions about the environmental impact of Bitcoin mining. Primarily, the energy consumption is attributed to the mining machines used by miners, which are notorious for their high