Dogecoin co-founder Billy Markus has criticized SEC Chairman Gary Gensler for his perceived ineffectiveness in regulating the cryptocurrency industry. Markus accuses Gensler of being “useless in every aspect” and suggests that he is not taking concrete actions to improve regulation in the sector.In a video, Gensler compared the crypto market to the “Wild West,” highlighting […]
BYDFi, formerly known as BitYard, is a leading global social trading platform that aims to revolutionize the cryptocurrency trading experience. With a strong user base of over 500,000 individuals spanning across 150 countries, BYDFi has established itself as a trusted and reputable player in the crypto trading industry. The platform offers a wide range of […]
A Chainlink investor recently fell victim to a sophisticated phishing attack, resulting in a loss of approximately $4.66 million. The investor had accumulated 290,750 LINK tokens valued at $2.26 million through savvy trading strategies, earning nearly $2.4 million in profits. However, their success turned sour when they clicked on a phishing link, unknowingly authorizing a […]
The rise and fall of FTX, a cryptocurrency empire led by Sam Bankman-Fried, has captivated the world. Bankman-Fried has been convicted of defrauding customers, and while this marks a significant milestone, the repercussions of this financial disaster will be felt for years to come.The fallout from FTX’s collapse includes investor losses and increased regulatory scrutiny. […]
Amid the excitement surrounding the potential approval of a spot Bitcoin exchange-traded fund (ETF) in January 2024, concerns have been raised about the issue of backing. Some analysts worry that ETFs could take people away from self-custody and potentially result in unbacked Bitcoin.These concerns have sparked a debate within the community, with some dismissing them […]
A federal judge has ruled that Do Kwon and his company, Terraform Labs, violated US securities laws by illegally selling unregistered securities to the public. Judge Jed Rakoff found in favor of the US Securities and Exchange Commission (SEC), stating that Terraform failed to register its cryptocurrencies, $LUNA and Mirror Protocol ($MIR), as securities. The […]
Argentinian president Javier Milei is facing backlash and protests over a new bill that aims to revive the country’s economy by offering tax cuts to residents who declare their crypto holdings. The bill proposes a 5% tax rate for assets reported by March, increasing to 15% for those who wait until November. Milei, who took […]
A federal judge has sentenced cryptocurrency entrepreneur Do Kwon and his company Terraform Labs for violating US law by failing to register two digital currencies that collapsed in 2022. The ruling could have significant implications for the crypto industry. US District Judge Jed Rakoff sided with the US Securities and Exchange Commission (SEC) in a […]
A Chainlink (LINK) crypto investor recently fell victim to a sophisticated phishing attack, resulting in a devastating loss of approximately $4.66 million. The investor had accumulated a portfolio of 290,750 LINK tokens valued at $2.26 million through savvy trading strategies, which had allowed them to profit nearly $2.4 million.However, their financial success took a turn […]
US Congressman Tom Emmer, known for his expertise in digital assets and support for cryptocurrencies, has introduced the Securities and Exchange Commission (SEC) Stabilization Act. The legislation aims to remove SEC Chairman Gary Gensler from his position, citing concerns over his regulatory actions in the digital asset sector.Emmer has been critical of Gensler’s approach to […]
