The Securities and Exchange Commission (SEC) recently announced the closure of its investigation into Hiro Systems and the Stacks blockchain without recommending any enforcement action. This news comes after more than three years of scrutiny, with the investigation commencing following the first-ever SEC-qualified offering by Stacks in 2019. The Stacks ecosystem has been lauded for
The SEC recently closed its investigation into Hiro and the Stacks blockchain without recommending any enforcement action after more than three years. The investigation began following the first-ever SEC-qualified offering by Stacks in 2019, making it a significant chapter in the history of the Bitcoin Layer-2 network. Despite the initial scrutiny, the Stacks ecosystem has
Decentralized Autonomous Organizations (DAOs) have been gaining prominence in the world of blockchain technology as innovative platforms for collaborative decision-making and goal achievement. Essentially, DAOs are blockchain-based communities designed to work towards a common objective, whether it be investing in startups or acquiring historical artifacts. These entities are seen as the future of corporate governance
The recent decision by the US Securities and Exchange Commission (SEC) to accept a proposal allowing exceptions for certain institutions affected by Staff Accounting Bulletin No. 121 (SAB 121) has sparked a wave of debate and discussion within the crypto industry. This move marks a significant shift in how financial institutions can approach the reporting
Aayush Jindal is a luminary in the financial markets, with a career spanning over 15 years in Forex and cryptocurrency trading. His expertise in technical analysis and astute chart interpretation has made him a trusted advisor to investors worldwide. From a young age, Aayush displayed a natural aptitude for decoding complex systems and patterns, setting
Bitcoin has begun another decline from the $59,500 resistance area and is currently moving lower, creating a bearish sentiment in the market. The price is now trading below $57,500 and the 100 hourly Simple Moving Average, indicating a negative trend for the cryptocurrency. A key declining channel is forming with resistance at $58,400 on the
The US House of Representatives recently fell short in their attempt to overturn President Joe Biden’s veto and rescind SEC Staff Accounting Bulletin 121. Despite 228 House members voting in favor of HJ Res. 109 to end SAB 121, the resolution did not receive the necessary two-thirds majority to counter the presidential veto. A notable
Judge Katherine Polk Failla recently criticized Coinbase’s attempt to subpoena SEC chair Gary Gensler in the ongoing case against the firm. The criticism came during a July 11 hearing, where Failla raised concerns regarding Coinbase’s request for Gensler’s statements before he became SEC chair in 2021. During the hearing, Failla pointed out that Coinbase’s request
The recent conclusion of the US Securities and Exchange Commission (SEC) investigation into stablecoin issuer Paxos has brought relief to the company and raised questions about the regulator’s enforcement actions. The investigation, which began over a year ago with a Wells notice, was centered around the Binance USD (BUSD) stablecoin. The SEC initially suggested a
Bitcoin (BTC) has recently broken above its bearish trendline, showing significant bullish momentum. This shift in market sentiment has sparked optimism among traders and investors regarding the digital asset’s potential to sustain its momentum and reach the $60,152 mark. As of the time of writing, Bitcoin has a market capitalization exceeding $1.1 trillion and a