SEC Commissioner Hester Peirce has been vocal about her concerns regarding the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). In a recent speech by SEC Chief Accountant Paul Munter, it was reiterated that the Commission’s stance on SAB 121 has not wavered. Despite the increasing attention on the regulation, the SEC staff maintains that
In response to the hack on WazirX’s systems on July 18, leading global auditor Grant Thornton conducted a comprehensive review of Liminal’s infrastructure. The incident prompted Liminal to launch an internal investigation and engage independent auditors to assess potential vulnerabilities within its own platform. Despite the losses of over $235 million, the firm confirmed that
Bitcoin’s price has recently shown signs of improvement as it surged above the $55,500 resistance level. This positive momentum has led to consolidation, with the potential for further gains if the $58,000 resistance is cleared. The cryptocurrency is currently rebounding from the $52,500 support zone and is trading above $55,500, supported by the 100 hourly
The cryptocurrency exchange industry in the US has witnessed significant changes in recent months, with Coinbase experiencing a sharp decline in market share. According to a report by research firm Kaiko, Coinbase, which dominated over half of the US crypto market earlier this year, has seen its market share fall to 41% in early September,
In a groundbreaking move, the US Securities and Exchange Commission (SEC) imposed a staggering $4.68 billion in fines against crypto companies in 2024. This marked the most aggressive regulatory year in the agency’s history, with the total fines levied since 2013 amounting to $7.42 billion. The significant increase in fines in 2024, accounting for 63%
The world of cryptocurrency has been abuzz with speculation about the potential impact of the upcoming US presidential elections on the future price of Bitcoin. Crypto analyst Thomas has boldly predicted that regardless of whether Donald Trump or Kamala Harris wins the election, Bitcoin will reach an astounding $1 million by the year 2030. This
The Digital Chamber (TDC) is facing significant challenges as it calls on Congress to pass legislation that would exempt certain non-fungible tokens (NFTs) from federal securities laws. The recent enforcement actions by the Securities and Exchange Commission (SEC) have raised concerns in the digital asset industry, particularly with the issuance of a Wells notice to
In a surprising turn of events, North Carolina’s lawmakers have overturned Governor Roy Cooper’s veto on a bill that would have prevented the state from implementing a central bank digital currency (CBDC). The Republican-controlled Senate approved House Bill 690 with a 27–17 vote, surpassing the 60% threshold needed to override the governor’s rejection. This decision
The world of cryptocurrency is always buzzing with predictions, and Bitcoin is at the center of it all. Analysts from Bernstein have made some bold claims about the future of the Bitcoin price, stating that it could potentially break $90,000. This optimistic outlook has been met with both excitement and skepticism, as the cryptocurrency market
Aayush Jindal is a prominent figure in the world of financial markets, with an extensive background in Forex and cryptocurrency trading spanning over 15 years. His expertise in technical analysis has earned him a reputation as a trusted advisor and senior market expert, guiding investors through the complexities of modern finance with his keen insights