Opinion

Just a few days ago, the crypto world was looking with interest at the testimony of Jerome Powell in front of the U.S. Senate. The Chairman of the Federal Reserve appeared in front of the Committee on Banking, Housing, and Urban Affairs on January 11th. The testimony inaugurated the beginning of Powell’s second term leading the Federal Reserve. As the inflation rate appears to pick up in the Western world, many are looking at the Fed to learn about its…

Facebook (now Meta) did everything it could to maintain its monopoly in all its history. Could it do the same with NFTs? NFT investors are ecstatic as major social media companies finally come out with major NFT integrations. Twitter, a significant hub for NFT users, was the first to roll out the feature. NFT owners can now showcase their NFT profile pictures with a particular hexagonal shape. That way, users can instantly see whether that Bored Ape picture is legit…

The Securities and Exchange Commission (SEC) remains hazy on which cryptocurrencies are “securities'', versus “commodities”. Even Ethereum isn’t out of the woods.    The SEC is notoriously slow at providing regulatory clarity for the crypto industry. Besides its strange hostility toward permitting a Bitcoin spot ETF, the commission refuses to classify which cryptocurrencies are securities. Instead, SEC chairman Gary Gensler continues to make vague statements on the matter that shake confidence in every altcoin holder. In a September conversation with…

A new report published by the blockchain data platform Chainanalysis estimated crypto-based criminal activity at $14 billion in 2021. The Crypto Crime Report is a yearly analysis shared by the company to provide insight into the darker side of this industry. Blockchain users’ anonymity generally provides a safer payment network, but some exploit data encryption for malicious purposes. This article will highlight the primary evidence anticipated by Chainanalysis to the market, compared to past numbers. How do criminals exploit cryptocurrencies?…

In the pre-covid era, the gaming giant GameStop experienced a slow decline in its sales, surpassed by the online market and the success of streaming gaming platforms. Luck would have it that a group of willing to do anything traders brought this company back into fashion via a popular group on Reddit. Many have seen a parallel between the retail investing community that boosted GameStop's share price and that which invests in cryptocurrencies. Today, the paths of the crypto world…

Ripple is in the spotlight again for its lengthy, ongoing cryptocurrency lawsuit with the Securities and Exchange Commission (SEC). This time, the court has ruled against a defendant claiming that the term "dealer" had no fair notice. Therefore, it would have less binding authority than the “investment contract” term. Nevertheless, attorney Hogan quickly explained that it is the Commission's fault and the burden is on them. Meanwhile, SEC has filed a letter of supplemental authority. This document should support its…

In 2022, the crypto market boasts a $2 trillion value. Bitcoin is trading for more than $40k apiece, and blockchain penetrates almost every industry. So, is it too late to invest in crypto? According to Rosie Rios, former U.S. treasurer, and Harvard scholar, "the train has already left the station." Rios broke the "bad news" for those still hesitating to jump on the crypto wagon in a recent CNBC interview. The ex-treasurer in the Obama Administration is adamant that “blockchain…

The fight against global warming spurs various initiatives that, in turn, create financially progressive markets. One of them is the fast-developing market of crypto carbon offsets. And, according to a report from The Wall Street Journal (WSJ), millions of carbon credits are now linking with cryptocurrencies. Furthermore, this connection lures numerous DeFi projects and long-time crypto investors like billionaire Mark Cuban. Last year, we saw the first carbon-neutral ETFs. This new development could lead to creating a multi-billion market with…

Kim Kardashian has allegedly tricked investors into a cryptocurrency scam involving EthereumMax. She is part of a group of celebrities, including Floyd Mayweather Jr. and Paul Pierce, accused of a “pump n’ dump” scheme. They convinced millions of their social media followers into buying the digital coin. Then, once its price inflated, they sold their holdings for a considerable, yet illicit, profit. Some of the victims filed a class-action complaint last Friday in the U.S. District Court for the Central…