SEC Drops the Ball on Crypto Regulation and There Are Long-Term Consequences, Says Commissioner

Post Views: 299 A commissioner with the U.S. Securities and Exchange Commission (SEC) has warned that the securities market regulator has dropped the ball on crypto regulation. “We’re not allowing innovation to develop and experimentation to happen in a healthy way, and there are long-term consequences of that failure,” said the commissioner. SEC Commissioner…

After Defaulting Sri Lanka Plans to Print $2.8 Billion Worth of Rupees, Inflation Rate Expected to Top 40%

Post Views: 328 The government in crisis-stricken Sri Lanka has said it will print more money and cut spending on infrastructure as part of an attempt to pacify the restive population. The government, however, concedes that printing more money will likely see the inflation rate rise to 40%. Looking at the hard days ahead,…

Why the Crypto Industry in Indonesia Is Set to Leapfrog Competing Markets

Post Views: 304 With over 270 million people, Indonesia is the fourth-most populous country in the world and its economy is one of the largest markets in Asia. It also has a large unbanked population, a receptive regulatory environment and additional factors making it stand out for crypto adoption. In the latest episode of the…

Huobi Global Acquires Latin American Crypto Exchange Bitex

Post Views: 297 The digital currency exchange Huobi Global has revealed it has acquired Bitex, a Latin American crypto platform that operates in Argentina, Chile, Paraguay, and Uruguay. Huobi details that the company is stepping up its presence in Latin America as it believes the region will be one of the most active crypto adoption…

Bitcoin, Ethereum Technical Analysis: ETH Hits 2-Week Low, Following Move Below $1,900

Post Views: 303 Ethereum slipped below $1,900 during Thursday’s session, as prices dropped to a two-week low. Bitcoin was also trading lower over the course of the day, as it fell under $29,000. Overall, crypto was down over 3% as of writing. BTC fell below $29,000 earlier in today’s session, as bearish pressure continued to…

Bitcoin Mining Difficulty Drops 4.33%, Biggest Reduction in 10 Months

Post Views: 332 It’s now 4.33% easier to mine bitcoin over the next two weeks as the difficulty adjustment algorithm (DAA) dropped from 31.25 trillion to today’s 29.85 trillion. It’s the largest DAA drop since July 17, 2021, when the difficulty dropped 4.81% at block height 691,488. What do you think about the downward difficulty…

Ethereum’s Beacon Network Deals With a 7-Block Chain Reorganization

Post Views: 300 On May 25, seven blocks were reorganized on Ethereum’s Beacon chain at 8:55:23 a.m. (UTC) at block height 3,887,075 all the way to block 3,887,081. The reorganization was discovered by Martin Köppelmann who noted the “current attestation strategy of nodes should be reconsidered to hopefully result in a more stable chain.” While…

KyberSwap’s Trending Soon Feature Helps You Find Today the Tokens Everyone Will be Talking About Tomorrow

Post Views: 299 The investors who had the foresight to get into bitcoin early, hold on to their cryptocurrency and sell when it took off are extremely wealthy right now. In the wake of bitcoin and other cryptocurrencies exploding price-wise, people look towards the next digital currency to get rich. However, the question is how…

VAST Completes Private Investment Round as It Readies to Launch First-Ever EngageFi™ NFT Platform

Post Views: 284 The VAST backers are made up of leading visionaries in the blockchain space whose portfolios form much of the backbone of blockchain infrastructure and innovation. Initial seed investors include: Huobi Ventures, Polygon Studios, HyperEdge Capital, GHAF Capital, SL2 Capital, PrimeBlock Ventures, GBV Capital, NGC, Spartan, IVC, Skyman Ventures, LD Capital and Quantstamp….

Tether Launches Tokens Pegged to the Mexican Peso on Ethereum, Tron, and Polygon

Post Views: 281 The stablecoin issuer Tether Operations Limited has announced the company has launched a new fiat-pegged token tied to the value of the Mexican peso. According to the team the newly launched MXNT tokens will be initially hosted on Ethereum, Polygon, and Tron. MXNT’s launch will officially start on Polygon, Ethereum, and Tron….