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The SEC is once again setting its sights on the cryptocurrency market. Crypto.com received a Wells Notice from U.S. regulators and subsequently fought back with a lawsuit to protect itself. The SEC plans to charge digital asset exchanges with operating as unregistered broker-dealers and securities clearinghouses.“The SEC’s unauthorized overreach and illegal rulemaking regarding cryptocurrencies must end,” Crypto.com CEO Chris Marszalek said on Twitter.The SEC also charged Cumberland DRW with operating as an unregistered dealer in more than $2 billion in crypto assets.Bitcoin today topped $60,000 for the first time since September 18, when it rose along with other assets in…
20:05 ▪ 3 Minimum read time up to ▪ Fenelon L. The Bitcoin market is in turmoil, with analysts predicting the price could fall below the symbolic $50,000 threshold. This worrying outlook is explained by the liquidity situation and the evolution of technical signals. Is a decline in liquidity a sign of a correction? Renowned analyst Cole Garner recently expressed concern about the current state of the market. According to him, the shrinking liquidity in the Bitcoin network is a worrying sign, foreshadowing the possibility of investor capitulation. “On-chain liquidity is tight: capitulation is coming” he declared on Platform X…
The FBI created a virtual currency as part of an investigation into price manipulation in the virtual currency market, the government said Wednesday. The FBI’s Ethereum-based token, NexFundAI, was created with the help of “cooperating witnesses.”As a result of the investigation, the Securities and Exchange Commission indicted three “market makers” and nine individuals for their alleged involvement in a scheme to inflate the prices of certain crypto assets. The Department of Justice has indicted 18 people and entities for “widespread fraud and manipulation” in the cryptocurrency market.Prosecutors allege that the defendants made false claims about the tokens and conducted so-called…
Operation Chokepoint 2.0, Ethereum Innovation Push, Polymarket Whales (feat. Stani Krechov) Posted on October 10, 2024 at 12:00 PM EST. Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and special guest Stani Kulechov discuss the latest in cryptocurrencies. In this episode, the production staff dives into the latest speculation about Satoshi Nakamoto, inspired by a just-released HBO documentary. We also discuss Ethereum's big debates around expanding block times and blob storage, and explore whether these changes can keep Ethereum competitive. The conversation gets heated with topics like the Trump whale at PolyMarket, Operation…
Uniswap Labs, a corporation that builds products that use the decentralized finance (DeFi) protocol of the same name, announced Thursday the launch of its so-called Layer 2 blockchain. The new blockchain is called Unichain, and the company says it will significantly reduce the time it takes to execute transactions on decentralized exchanges. “Unichain's block time will initially be 1 second, but will later be optimized to meet block times of 200-250 milliseconds, which will feel like a near-instantaneous trading experience for users,” Uniswap Labs said. said in a statement. Layer 2 blockchains, known as L2, have proliferated in recent years…
A recent Ethereum phishing attack resulted in approximately $2.23 million in losses after a user accidentally signed a malicious transaction. According to Web3 Antivirus, the incident was caused by the victim operating a fraudulent address, resulting in the transfer of a large amount of Ethereum-based assets. The Ethereum transaction was successfully executed on block 20929866 and confirmed within 14 seconds on Wednesday. The total amount lost in this transaction was over $2.2 million, and the attacker exploited the vulnerability by tricking users into signing the transaction. Transaction fees total 0.0454 ETH, equivalent to approximately $109.10 at the current Ether price…
Clean Spark Co., Ltd. CLSK Stocks have rebounded in early trading. The company announced on Thursday that it had achieved an operational hash rate of 30 EH/s. what happened: Bitcoin BTC/USD Mining company CleanSpark said its hashrate has reached 30 EH/s and is expected to exceed 37 EH/s by the end of the year. CleanSpark attributes its approximately 200% year-over-year growth in hashrate to the execution of turnkey acquisitions and fleet upgrades, along with significant organic growth. The Bitcoin miner says it has increased efficiency by nearly 20% in the last year, and the total number of machines in operation…
German investment firm Lennerz & Company aims to raise $165 million as its third crypto-focused entity, becoming one of the largest funds of funds active in the blockchain space. It is expected that there will be two. In an interview with luck, Oksana Tiet, head of fund investments at Lennarts, said the fund had already reached its first close, but declined to provide figures. Lennertz, a multifamily office founded in 2015, invests in a variety of asset classes, including private equity and traditional venture capital. The company started betting on the blockchain space around 2016, investing privately in one fund…
Cover image (from U.Today) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. Michael Saylor, the American businessman and CEO of MicroStrategy, known for his radically bullish stance on the major…
The Ethereum documentary “Vitalik: The Story of Ethereum,” co-sponsored by HashKey Tokenisation, SeeDao, and web3caff, held its offline premiere in Hong Kong on October 10th. The documentary raised 1,036 ETH through crowdfunding and took three years to film and produce. , viewers will be able to experience the journey of building Ethereum through the eyes of Vitalik Buterin. Dr. Xiao Feng, Chairman and CEO of HashKey Group, attended the premiere with community members and spoke before the screening about how he and Vitalik joined China's Ethereum community ecosystem from 2015 to 2017. I looked back. Dr. Xiao said, “Ethereum's goal…