The U.S. Securities and Exchange Commission (SEC) has launched a game-show campaign to help investors make informed decisions “in a playful way.” One of the contestants in the game show chose to listen to a celebrity and invest in crypto. SEC Debuts ‘Game Show-Themed Public Service Campaign’ The SEC’s Office of Investor Education and Advocacy unveiled “a game show-themed public…
The Bank of Uganda (BOU) has hinted that it is open to the idea of crypto firms participating in the regulatory sandbox. The central bank’s position follows its deliberations with a team from the Blockchain Association of Uganda (BAU). BAU Members Asked to Acquaint Themselves Sandbox Regulations The Ugandan central bank has said following talks with the team from the…
Earlier this year, during during the annual Queen’s Speech in the United Kingdom, Prince Charles informed the Parliament about two bills. One of them — the Economic Crime and Corporate Transparency Bill — would expand the government’s powers to seize and recover crypto assets. Meanwhile, the United States Internal Revenue Service (IRS) seized more than $3 billion worth of crypto…
The bears are trying to extend Bitcoin’s (BTC) record of nine consecutive red weekly candles to ten weeks, but the bulls are trying to avert this negative occurrence. Although sentiment remains negative, Arthur Hayes, former CEO of derivatives giant BitMEX, anticipates Bitcoin to bottom out in the range of $25,000 to $27,000. On-chain data from Glassnode shows that smart money…
The price of Avalanche has slid significantly since the crypto asset’s all-time high as the token has dropped 83% in value since then. In a recent interview published on May 31, Avalanche co-founder, Emin Gün Sirer, discussed how bear market conditions have impacted cryptocurrencies like avalanche (AVAX). The Avalanche co-founder mentioned “macro conditions” and that “all asset prices—not just crypto…
Popular crypto game Stepn was hit with a number of distributed denial-of-service (DDoS) attacks this weekend, the third such occurrence in as many months. According to the app’s Twitter page, devs of the platform were still working to fix the issue at the time of this writing. “We have been under multiple DDOS attacks in the past hours,” those behind…
While visiting the World Economic Forum (WEF) event in Davos, Ripple Labs CEO, Brad Garlinghouse discussed the firm’s growth opportunities and despite the crypto economy’s downturn, Garlinghouse spoke about future mergers and acquisitions. ‘I Think We’re More Likely to Be the Buyer,’ Ripple Labs CEO Brad Garlinghouse Said During an Interview in Davos Just recently, during the WEF conference in…
A co-founder of the popular Bored Ape Yacht Club NFT collection yesterday lashed out at Discord after its server was exploited and NFTs worth 200 Ethereum ($358,962) were stolen from users. Gordon Goner on Saturday wrote on Twitter that Discord, a chat app popular with the crypto community, “isn’t working for Web3 communities.” Discord isn’t working for web3 communities. We…
More than 46,000 individuals have lost over a combined $1 billion in crypto-related scams since the beginning of last year, according to the Federal Trade Commission. Approximately $680 million in fraud was reported in 2021, and some $329 million was reported just in the first quarter of 2022, according to a report released Friday. Social media usage while holding crypto creates…
Ethereum’s native token Ether (ETH) has dropped more than half of its value in 2022 in dollar terms, while also losing value against Bitcoin (BTC), and now remains pinned below $2,000 for several reasons. What’s more, ETH price could face even bigger losses in June due to another slew of factors, which will be discussed below. Ethereum funds lose capital en…
