A crypto-friendly legislator believes the Commission’s regulation-by-enforcement approach to be ineffective. According to Senator Pat Tomey, famous for his vocal support for the crypto industry, the United States Securities and Exchange Commission (SEC) could have prevented the loss of $12 billion in assets by investors who trusted Celsius, a crypto lending platform, that froze their…
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Meta, the social media company, has reported that its metaverse division, the Reality Labs Unit, is shedding lots of money. In its recent earnings call, the company informed that, while the Reality Labs unit managed to pull more than $400 million in sales, its losses reached $2.8 billion, mainly due to research and development costs…
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Authorities in Iran have revised some rules for the crypto mining industry in order to facilitate its access to green power. Licensed miners will now be able to purchase electricity produced from renewable sources from across the country at lower rates. Cryptocurrency Miners in Iran Allowed to Source Green Energy From Across Country Iran’s Ministry…
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The International Monetary Fund is predicting that Latin America (Latam) will keep growing this year, reaching a growth rate of 3% even with all of the difficulties that the region is facing. The institution believes that the economic recovery that Latam is enjoying after the Covid-19 pandemic will be decelerated by several factors, including the…
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Bitcoin price remained strong above the USD 22,500 level and started another increase, surpassing the USD 23,500 resistance. It even spiked above USD 24,000 and is currently (03:54 UTC) trading near USD 23,900. BTC is up over 3% in a day and a week. Similarly, most major altcoins are also showing signs of more upsides.…
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Dima Dimenko is the co-founder of 111PG, a community of crypto protection-focused Ukrainian white hackers.__________ Hacking attacks can cause massive financial and reputational damages during the Initial Dex Offerings (IDOs). This is why protection against these types of attacks should be a priority of the token issuers. The preventative measures allow for minimizing the risks…
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Key differences in the use and development of cryptocurrencies come to the fore as Blockchain Economy Istanbul continues to focus on emerging markets. The proliferation of cryptocurrencies around the world has been driven by different use-cases, with key differences becoming apparent between developed and emerging market environments. Lou Yu, who heads up KuCoin Labs, tackled…
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The new shop entertained about 400 crypto-curious guests on opening day, and hopes to host even more as other stores are opened across the U.S. and the rest of the world. Solana Spaces CEO Vibhu Norby said the new physical Solana stores will introduce up to 100,000 people per month to the Solana ecosystem, while…
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It is not the first time Celsius’ customer emails have been exploited and leaked online. Celsius depositors should be on the lookout for phishing scams after the company revealed some of its customer data has been leaked in a third-party data breach. On July 26, Celsius sent an email to its customers informing them that…
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BTC bears aim for a $360 million profit in July 29’s $1.76 billion monthly options expiry, but the FOMC interest rate decision could play a decisive factor. Bitcoin’s (BTC) price has been stuck in a descending channel since July 20 and it is currently heading toward the $20,000 support by the end of July. Adding…
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