Spot Bitcoin ETFs Approved by SEC in the United StatesAfter more than a decade of waiting, the crypto industry has finally achieved a significant milestone with the approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The SEC approved applications from various companies, including ARK 21Shares, Invesco Galaxy, VanEck, […]
In a significant security breach, over 4,000 Solana users lost more than $4 million to phishing attacks in December 2023. The data, provided by Scam Sniffer, a scams tracker, reveals that the stolen assets were primarily taken by the rainbow attacker through an airdrop phishing attack. The attackers used “anti-simulation techniques” that prevented wallets from […]
As the crypto winter subsides, businesses in the crypto space are anticipating less turbulent times ahead. This optimism is fueled by growing Bitcoin adoption and increasing institutional demand, which are driving innovation in the sector. Key trends to watch out for this year include scalability and compliance solutions.Transaction speeds and costs pose significant challenges for […]
The long-awaited launch of a spot Bitcoin exchange-traded fund (ETF) in the United States has finally taken place. The Securities and Exchange Commission (SEC) has approved 11 products for listing and trading on several national exchanges, marking a significant step towards legitimizing the crypto asset class. This journey began a decade ago, with many industry […]
The United States Securities and Exchange Commission (SEC) recently experienced a security breach involving unauthorized access to its official Twitter account, @SECGov X. The incident was confirmed by SEC Chairman Gary Gensler, who reassured the public that there was no evidence of the breach extending to SEC systems or data.The unauthorized party gained access to […]
European firm CoinShares is making strides in the U.S. market with the acquisition of Valkyrie Funds, the issuer of a successful Bitcoin ETF. This strategic move comes in the wake of the SEC’s landmark approval for spot Bitcoin ETFs.Valkyrie Funds, a unit of Valkyrie Investments, had a successful launch of its ETF in the U.S. […]
In a significant development in the ongoing lawsuit involving Terraform Labs (Terra) and its co-founder, Do Kwon, a federal judge has upheld multiple key decisions in favor of the U.S. Securities and Exchange Commission (SEC). The judge’s decision confirms that Terra and Do Kwon violated the Securities Act, marking a significant step in a case […]
Jathin Jagannath, Developer Advocate of Cartesi, a Web3 rollup protocol, has identified regulatory uncertainties as a significant obstacle in Africa’s Web3 landscape. He believes that the lack of clear and well-defined regulations surrounding Web3 technologies can cause potential users and investors to hesitate.In a recent interview, Jathin expressed concern that this regulatory ambiguity might lead […]
Google has taken down several offshore cryptocurrency exchanges from its Play Store in India, including Binance, KuCoin, Bitget, Huobi, OKX, Gate.io, and MEXC. This action comes after the same applications were delisted from India’s Apple App Store. The Indian government’s noncompliance notice prompted this removal, rendering these apps inaccessible to new users in the country.The […]
For the past six months, nearly a dozen providers have been awaiting the green light from the U.S. Securities and Exchange Commission (SEC) to launch the first spot-based Bitcoin ETF. For years, the agency has refused to approve such products, always with seemingly false reasons. However, a clear court decision in the case of Grayscale […]
