In response to the growing threat of financial crime, Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero has proposed the creation of a national fraud registry. This initiative seeks to modernize investor protection by leveraging technology to combat fraud and ensure the responsible use of artificial intelligence (AI). CFTC Wants to Expand Its Financial […]
Three Key Events That Could Skyrocket XRP’s Value, Explains Crypto Influencer
As various crypto analysts — such as Dr. Benjamin Cowen — have pointed out, XRP has retraced the entirety of the move that came after Judge Analisa Torres delivered her mixed ruling in the SEC v. Ripple lawsuit (which was initiated in December 2020). Source: X Yesterday, Zach Rector, a well-known figure in the XRP […]
Tether and Bitfinex await the ruling after the Court denies leave
Bitfinex has stated that the District Court has rejected their request for leave to amend the class action and that they anticipate receiving a favorable judgment soon. Tether is on the list as well, waiting for the final verdict. Laura Taylor Swain, the Chief Judge, has rejected Shawn Dolifka’s request for leave to amend. Rejection […]
Ethereum in an inflationary spiral: On-chain activity dips, supply rises
Transaction fees on Ethereum have dropped to levels not seen since November last year. The decline in on-chain activity has caused Ethereum to become inflationary. Average fees paid to process transactions on leading Layer 1 (1) network Ethereum [ETH] have plummeted to their lowest levels since 2022 due to a steady decline in on-chain activity […]
Thailand cracks down on $27 million crypto scam with five arrests
Thailand authorities collaborated with the United States Homeland Security Investigations and various other agencies. Authorities charged these individuals with orchestrating an elaborate crypto scam that exceeded $27 million. Thailand’s Cyber Crime Investigation Bureau (CCIB) has arrested five foreign nationals connected to a massive crypto scam. These individuals faced charges for orchestrating an elaborate scheme that […]
Shiba Inu (SHIB) L2 Blockchain Shibarium Sets New Major Milestone: Over 2.1M Transactions
The Shiba Inu cryptocurrency project, rooted in the popular Shiba Inu dog meme, presents itself as a rival to Dogecoin and runs on the Ethereum blockchain. The Shiba Inu (SHIB) ecosystem comprises three unique tokens, each serving a particular purpose within the project. SHIB, as the main token, acts as a decentralized, community-driven currency that […]
BSV announces the availability of ARC public beta
The ground-breaking transaction processor for BSV Blockchain, ARC, operates on a microservices architecture and aims to replace mAPI by providing flexible, scalable solution tailored to specific use cases. […] Read More… The post BSV announces the availability of ARC public beta appeared first on CoinGeek.
Optimism (OP) Eyes Massive Turnaround as Whales Come Alive
Optimism (OP) set to soar as price leads altcoin peers
PayPal to facilitate Web3 payments with On and Off Ramps
PayPal has announced the launch of On and Off ramps for its services. This will enable wallets, decentralized applications, and NFT marketplaces to allow users to trade cryptocurrencies in the US. They are subject to all the relevant regulations of the country. However, the fact that PayPal has extended this support counts as a win […]
SEC chair lashes out at “noncompliance” in crypto ahead of Senate hearing
Despite suffering two setbacks in the court, the U.S. SEC chair Gary Gensler still believes that crypto assets are securities. Gensler blamed the crypto industry’s “wide-ranging noncompliance” for the crises it faced. In the last few months, the SEC lost in court against both Ripple and Grayscale. Despite suffering two setbacks in its court battles, […]