Recent analyses from 10xResearch highlight a renewed bullish sentiment surrounding Bitcoin, driven by multiple factors that emerged in the wake of macroeconomic changes and growing interest in the cryptocurrency space. The report, led by Markus Thielen, paints an optimistic picture not only for Bitcoin but also for the broader digital assets market, suggesting a possible
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In a striking dissent, SEC Commissioners Hester M. Peirce and Mark T. Uyeda have voiced concerns over the commission’s enforcement action against the Flyfish Club, a non-fungible token (NFT) collection that grants access to an exclusive dining experience. Their critique, articulated in a September 16 letter, raises profound questions about the applicability of existing securities
The Communications Legislation Amendment (Combatting Misinformation and Disinformation) Bill 2024 has ignited fervent discussions across Australia, with advocates on both sides of the issue expressing passionate views on its implications. As misinformation continues to pose a significant challenge in today’s digital landscape—especially concerning elections, public health, and critical infrastructure—the government contends that such legislation is
The Commodity Futures Trading Commission (CFTC) has recently formed partnerships with federal and private organizations to address the growing issue of crypto scams, particularly the rise of “pig butchering” schemes. These scams have resulted in significant financial losses due to a lack of awareness and understanding among consumers. The CFTC, through its Office of Customer
The Nigerian Federal Inland Revenue Service (FIRS) is making moves to bring the crypto sector under the tax umbrella, as reported by Business Day. This initiative, spearheaded by FIRS Executive Chairman Zacch Adedeji, aims to revamp Nigeria’s regulatory framework to accommodate the fast-growing crypto industry. The proposed legislation is seen as a way to spur
Coinbase recently announced its second-quarter earnings, reporting total revenue of $1.449 billion. This figure exceeded market expectations, showcasing the company’s strong revenue growth. In comparison to the same period last year, Coinbase’s income more than doubled from $674.1 million to $1.449 billion. A particularly noteworthy highlight from Coinbase’s Q2 report was its net income of
The second quarter of the year witnessed a mixed performance by the Binance Smart Chain (BSC). While the native token, BNB, remained largely flat with a 5% decrease quarter-over-quarter (QoQ), the chain experienced fluctuations in key metrics. According to a recent report by Messari, the chain’s revenue, which represents the total fees collected by the
The recent resurgence of the Bitcoin price has been a topic of discussion among investors and analysts alike. While the past week seemed relatively quiet for the premier cryptocurrency, on-chain insights suggest a potential shift in the market dynamics. Popular crypto pundit Ali Martinez recently pointed out a significant observation regarding Bitcoin miner capitulation. The
Taiwan Mobile, the second-largest telecom operator in Taiwan, has recently made a significant move by applying for a license to operate as a Virtual Asset Service Provider (VASP). This decision has placed them as the 26th VASP in Taiwan, highlighting their compliance with Money Laundering Prevention Laws. With Lin Zhichen, the company’s General Manager, named
The recent plummet in Bitcoin’s price can be largely attributed to the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This distribution, representing a substantial portion of the total Bitcoin supply, has stirred up market anxiety among investors. The large transfers of 52,633 BTC in recent hours suggest that preparations are