The US Securities and Exchange Commission (SEC) Commissioner Hester Peirce has recently voiced her concerns regarding the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). These concerns were brought up after a speech by SEC Chief Accountant Paul Munter on September 9, where Munter reaffirmed the Commission’s stance on SAB 121. Despite the growing attention
In the wake of the recent hack on WazirX, leading global auditor Grant Thornton conducted a thorough review of Liminal’s infrastructure to confirm its security. The audit encompassed an examination of all aspects of Liminal’s platform, including the frontend, backend, and user interface (UI). The results of the audit provided assurance that Liminal’s systems were
The US Securities and Exchange Commission (SEC) has imposed hefty fines on crypto companies in recent years, with 2024 standing out as the most aggressive regulatory year in the agency’s history. According to a report by Social Capital Markets, the total fines levied by the regulator since 2013 have reached a staggering $7.42 billion, with
Coinbase, once a dominant force in the US crypto market, has recently experienced a significant decline in its market share. According to research firm Kaiko, Coinbase’s share dropped from almost 55% in March to 41% in early September. This decline has allowed smaller exchanges like Bullish to gain ground, with its market share nearly doubling
Dogecoin (DOGE) is once again facing a critical juncture after being rejected at the $0.09149 level. This latest pullback has brought the price closer to a key trendline, placing the cryptocurrency in a crucial position. Market observers are now eagerly awaiting to see if the bulls can come together and trigger a breakout. A successful
Bitcoin’s price has recently seen a significant increase, surpassing the $55,500 resistance level. Currently, Bitcoin is consolidating and showing signs of potentially aiming for more gains if it manages to clear the $58,000 resistance mark. The cryptocurrency is experiencing a rise from the $52,500 support area, currently trading above $55,500 and the 100 hourly Simple
In the world of cryptocurrency, predictions about the future price of Bitcoin are constantly being made by analysts. One such analyst, known as Thomas, recently shared his Bitcoin price prediction for 2030. According to Thomas, regardless of whether Donald Trump or Kamala Harris wins the US presidential elections, Bitcoin will reach $1 million by 2030.
The Digital Chamber (TDC) has recently made a public statement urging Congress to pass legislation that would categorize certain non-fungible tokens (NFTs) as consumer goods rather than securities. This call to action comes in the wake of increased scrutiny from the Securities and Exchange Commission (SEC), particularly their enforcement actions against NFT platforms like OpenSea.
Predictions for the Bitcoin price have been fluctuating widely, particularly in the aftermath of a significant crash in the cryptocurrency market. Despite the prevailing bearish sentiments, there are still analysts who remain optimistic about the future of the pioneer cryptocurrency. One group of analysts from Bernstein has taken a bullish stance, suggesting that the Bitcoin
In a controversial move, North Carolina’s lawmakers have successfully overturned Governor Roy Cooper’s veto on a bill that aimed to prevent the state from implementing a central bank digital currency (CBDC). The Republican-controlled Senate voted 27-17 in favor of House Bill 690, surpassing the required 60% threshold to override the governor’s rejection. This decision effectively