Category: crypto

The Nigerian SEC has implemented stricter rules for influencers promoting crypto products, requiring transparency and licensing by the SEC before endorsements. Promotional content must be labeled as sponsored and use simple language, avoiding misleading claims. Violators face fines, imprisonment, or both. The SEC will monitor and prosecute violators, aligning with global trends in crypto regulation.…

ESMA has released final guidance for the upcoming implementation of MiCA regulations in Europe after 18 months of regulatory efforts. The focus is on tackling market abuse, establishing cooperation between regulators, and ensuring investor protection. The first phase targeted stablecoins, with the second phase addressing broader crypto industry regulations. ESMA aims for consistent and effective…

The Cardano Foundation addresses criticism over internal conflicts and its role in Project Catalyst. It reaffirms commitment to decentralization, governance, and sustainability. Concerns about its alignment with IOG and Cardano Constitution are also addressed. The Foundation plans to improve transparency and voting process for future rounds.

Blockchain investigator ZachXBT reported that malicious actors, known as the “LastPass threat actor,” stole around $5.36 million in cryptocurrencies from over 40 victims. This breach originated from a December 2022 security incident where attackers accessed encrypted vault data. The Security Alliance (SEAL) warned users to protect their assets from similar vulnerabilities.

Bitcoin’s price surge to over $107,000 has helped the US government recover 32.68 BTC stolen in a cyber fraud case, valued at $3.5 million. The funds were obtained through a BEC scheme targeting a real estate company, with victims reporting losses ranging from $75,000 to $425,000. The authorities are working to fully reimburse all victims.

FTX and its affiliated debtors will implement a reorganization plan on Jan. 3, 2025, with distributions starting within 60 days. BitGo and Kraken will manage the process for retail and institutional creditors. Eligible creditors must complete steps before the effective date to receive payments. The $16.5 billion recovery plan was approved by US Bankruptcy Judge…

The Stanford Blockchain Club criticized the US DOJ’s prosecution of Tornado Cash developers, calling it an overreach of federal money transmission laws. The club argued that the laws do not address decentralized protocols like Tornado Cash. They warned against stretching statutory language to cover novel technologies, emphasizing the need for regulatory adaptation to DeFi technologies.

According to the “Bitfinex Alpha” report, Bitcoin could potentially reach a peak of $290,000 in early 2026 if it follows the price action seen during the 2017 bull run. Historical price patterns, institutional adoption, and key technical indicators are factors contributing to this projection. Market corrections have been more contained in the current cycle due…

Ethena Labs launched the USDtb stablecoin backed by BlackRock’s tokenized fund. The partnership was facilitated by Securitize, providing a stablecoin with a differentiated risk profile. USDtb is multichain and supported by major market makers. Ethena’s success with its algorithmic stablecoin USDe has positioned them as a leader in the stablecoin market.

The AlphaAVIV ratio has increased as Bitcoin reaches a new all-time high, indicating significant unrealized profits and a possible market cooldown.