Congressman Wiley Nickel from North Carolina has taken a bold stance against the US Securities and Exchange Commission (SEC), accusing the agency of eroding trust in the regulatory system through its “regulation by enforcement” tactics. Nickel’s recent social media post condemned the SEC’s approach as a “blatant abuse of power” that could potentially stifle digital
The US Securities and Exchange Commission (SEC) recently filed a document expressing its concerns regarding the proposed repayment plan in the ongoing FTX bankruptcy case. The plan, which involves repaying creditors using stablecoins or other digital assets, has raised red flags for the SEC. By reserving the right to challenge these transactions under federal securities
Bitcoin has shown signs of recovery after experiencing a downward trend. The price started to rise from the $57,200 zone, signaling a potential bullish movement. However, there are key resistance levels at $60,200 and $61,150 that the cryptocurrency might struggle to surpass. The hourly MACD for Bitcoin is now gaining momentum in the bullish zone,
In the world of cryptocurrency trading, decentralized exchanges (DEX) and centralized exchanges play a crucial role. Recent data from DefiLlama and The Block show a significant shift in trading volumes between these two types of exchanges. While DEX saw a decrease of 9% in spot trading volume last month, centralized exchanges experienced an 8% increase
Amidst Bitcoin’s recent price volatility, including a drop below $50,000, many analysts have revised their predictions for the future of the cryptocurrency. One crypto analyst, known as CryptoCon, remains optimistic about Bitcoin’s bull run trajectory. Despite the current price corrections, CryptoCon forecasts a sharp rise to over $100,000 once stability returns to the market. CryptoCon’s
Recently, Tigran Gambaryan, a prominent executive at Binance, found himself in a legal battle in Nigeria. Facing charges of money laundering, Gambaryan made a fresh bail request on medical grounds during a court appearance on Sept. 2. His legal team cited his deteriorating health in prison as the basis for the application. According to a
The Qatar Financial Centre (QFC) in Doha has recently announced the launch of the QFC Digital Assets Framework 2024. This initiative invites both local and international companies to apply for licenses to operate as token service providers under the new regulatory framework. The framework covers various aspects of digital assets, such as tokenization, legal recognition
In a recent announcement, crypto exchange OKX’s Singaporean entity, OKX SG, revealed that they have successfully secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore as it provides businesses with the ability to operate without daily or monthly transaction limits. To be eligible
Aayush Jindal’s journey in the financial markets began at a young age, where he displayed a remarkable talent for deciphering complex systems and patterns. This early aptitude for understanding market dynamics laid the foundation for his future success in the realms of Forex and cryptocurrency trading. With a keen eye for detail and a commitment
Bitcoin’s price has been on a rollercoaster ride in recent days, with significant fluctuations that can be attributed to a variety of factors. One of the most pressing issues is the looming threat of a US recession, which has created palpable tension in financial markets. This uncertainty is particularly relevant for Bitcoin, as the cryptocurrency