Bitcoin Falls Below $40,000 Amid GBTC-Linked Selling and SEC ETF Approval Backlash

by Александр Пирогов | Jan 23, 2024 | Blog News

Bitcoin’s price dropped below $40,000 for the first time since December 3, 2023, as the Grayscale Bitcoin Trust (GBTC)-linked selling of BTC on Coinbase continued, impacting investor sentiment in the crypto market. Bitcoin experienced a rapid decline from...

U.S. House Financial Services Committee Pressures Meta Over Crypto Plans

by Александр Пирогов | Jan 23, 2024 | Blog News

The United States House Financial Services Committee is urging Meta to disclose any blockchain or crypto-related plans it may have, citing five cryptocurrency and blockchain-related trademark applications still active from 2022. In a letter to Meta CEO Mark Zuckerberg...

Binance’s Legal Battle with SEC: The Howey Test and Key Arguments

by Александр Пирогов | Jan 23, 2024 | Blog News

Binance, the world’s largest cryptocurrency exchange, faced a crucial court hearing seeking the dismissal of a lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC). The SEC filed the lawsuit in June, alleging that Binance operated as...

Hong Kong Poised for First Spot Crypto ETFs by Mid-2024

by Александр Пирогов | Jan 23, 2024 | Blog News

Hong Kong is set to introduce its first spot crypto exchange-traded funds (ETFs) by mid-2024, with Gary Tiu, executive director and regulatory affairs director of OSL, a licensed crypto exchange, revealing the development. Tiu expects the launch of the first ETFs...

Quantum Sensing: Addressing the Challenge of Quantum Decryption Threat

by Александр Пирогов | Jan 23, 2024 | Blog News

As quantum computing progresses, concerns about its potential to compromise existing encryption methods, such as RSA, have surfaced. Experts predict the emergence of scaled, fault-tolerant quantum computers capable of breaking encryption by the end of the decade. In...

Indonesia’s Upcoming General Elections and Potential Impact on Crypto Industry

by Александр Пирогов | Jan 22, 2024 | Blog News

Indonesia’s general elections in February could bring changes to the country’s crypto industry, depending on the outcome. Current President Joko Widodo’s government has shown interest in crypto, with plans for digital asset regulations and the...