The United States Securities and Exchange Commission (SEC) has taken legal action against Prager Metis, the auditor of the now-bankrupt cryptocurrency exchange FTX. The SEC has accused Prager Metis of failing to maintain the required independence while providing auditing services to its clients, breaching federal securities laws. This includes adding indemnification provisions to engagement letters […]
The crypto market’s total valuation surged by $32 billion on Oct. 1, triggered by the ‘Uptober’ euphoria. Bitcoin’s price action sought support from the 200-day exponential moving average (200-day EMA) and the 50-day EMA, establishing a 6-week high. Past performance in October — or Uptober — plays in the bulls’ favor, with Bitcoin’s average Uptober […]
Coinbase, a digital asset payment service provider, has recently obtained a Major Payment Institution (MPI) license from Singapore’s Monetary Authority (MAS). This license will enable Coinbase to expand its services to Singapore’s retail and institutional customers. The license also exempts Coinbase from the $2.2 million (S$3 million) transaction limit and the S$6 million ($4.4 million) […]
Space and Time, a pioneering AI-driven decentralized data warehouse, has announced its integration with Chainlink, a leading Web3 service provider. This partnership will allow Chainlink to use Space and Time’s innovative “Proof of SQL” verifier on its nodes, ensuring trustworthiness in blockchain functions. The Proof of SQL is designed to facilitate verifiable and zk-proven results, […]
The cryptocurrency market is experiencing a remarkable shift as Bitcoin surpasses the $28,000 mark, with a 70% price increase since the start of the year. Despite this, Bitcoin’s open interest – an aggregate of funds in open futures contracts – is steadily declining, suggesting a decrease in speculative activity. Open interest as a percentage of […]
Bitcoin has surged past the $28,400 mark for the first time since mid-August, sparking investor optimism that “Uptober” has arrived. Data indicates that BTC wallets have accumulated billions of dollars in the last month, potentially driving prices even higher.Experts have embraced the bullish outlook as the leading cryptocurrency surged to a six-week high. According to […]
Harvard Business School has released a case study on Ripple, a major player in the cryptocurrency world. The study, titled “Ripple: The Business of Crypto Case – An Analysis and Solution”, was crafted by professors David B. Yoffie, Andy Wu, and Sarah von Bargen. It provides an in-depth view of Ripple’s operations and goals, which […]
Chris Burniske, a crypto investor and venture capitalist, believes that Solana (SOL) is about to start outperforming Ethereum (ETH). He shared a chart posted by on-chain analyst Will Clemente, which shows Solana versus Ethereum (SOL/ETH) forming a series of higher lows and higher highs, indicating a potential shift in long-term momentum. Burniske has been bullish […]
Friend.tech, a decentralized social media platform based on Coinbase’s layer-2 protocol Base, has seen a surge in revenue and total value locked on its platform. According to data from Dune Analytics, Friend.tech revenue has reached 10,663 ETH and its TVL has grown to over 30,000 ETH. The platform, which launched in August 2023, enables users […]
The third quarter of 2023 has been the most financially damaging quarter of the year, according to the quarterly report of blockchain security firm CertiK. A total of 184 security incidents occurred in July, August and September, resulting in a loss of over $699 million in crypto assets. Private key compromises were the most damaging, […]
