Author: CryptoHoppers

The U.S. Securities and Exchange Commission (SEC) has closed its three-year investigation into the Stacks blockchain and Hiro Systems without taking any action. This decision has prompted mixed reactions from industry leaders, including one of the Winklevoss brothers. Crypto industry responds Muneeb Ali, co-creator of Stacks, announced the investigation’s conclusion on X. “This is the best outcome a company in our industry could ask for, but the US can do better,” Ali stated. 𝗡𝗘𝗪𝗦: SEC drops a three-year investigation into Stacks with no action. Earlier this week, we received word from the SEC that after 3 years, they are terminating…

Key Takeaways Approximately 6% of Bitcoin nodes run outdated software, exposing them to security risks. Bitcoin Core’s new disclosure policy aims to improve network security through transparency. Share this article Throughout their commit history, Bitcoin Core developers have only disclosed 10 vulnerabilities that could affect older versions of the Bitcoin client software. According to a report from Bitcoin Optech, these vulnerabilities, while already fixed in more recent releases, could have allowed various attacks on nodes running outdated Bitcoin Core versions.This report comes as developers introduced a new security disclosure policy to improve transparency and communication between the team and Bitcoin’s…

The People’s Bank of China and the National Bank of Kazakhstan have signed an agreement to collaborate on central bank digital currencies (CBDCs). This collaboration agreement, formalized during President Xi Jinping’s visit to Kazakhstan, aims to enhance CBDC research through joint initiatives and professional development. China and Kazakhstan to Collaborate on Central Bank Digital Currencies […] Source link

Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid…

German authorities sold 10,567 BTC worth $600 million today, significantly contributing to an 18% drop in Bitcoin’s price over the past month, alongside sell-offs from Mt. Gox and Genesis Trading. As of 1:00 p.m. EST, Thursday, July 11, the wallets linked to German authorities hold a remaining 4,925 BTC, currently valued at $285 million. This marks more than a 90% decrease in BTC held, down from the 50,000 BTC worth nearly $3 billion when they started selling the assets three weeks ago. BTC has corrected roughly 18% since Germany began their Bitcoin liquidation. German authorities’ Bitcoin wallets transferred 10,567 BTC…

Key Takeaways The SEC is giving financial institutions a way out of reporting customer crypto on their balance sheets. The change could give crypto holders more options for storing their crypto with established financial institutions. Share this article The US Securities and Exchange Commission (SEC) is allowing some banks and brokerages to avoid reporting customer crypto holdings on their balance sheets under certain conditions, Bloomberg reported today, citing a source familiar with the SEC’s guidelines.To avoid the reporting requirement, companies must have safeguards in place to address risks associated with crypto holdings. These safeguards include protecting assets in case of…

The U.S. Securities and Exchange Commission (SEC) announced this week that the U.S. District Court for the Eastern District of Michigan has issued default judgments against Garry Davidson and Linda Knott for their involvement in a fraudulent $45 million Coindeal scheme. Davidson and Knott were accused of deceiving investors with false promises of significant returns […] Source link

New cryptocurrency projects provide a unique opportunity for investors. Due to the nascent nature of the sector and high volatility, some new crypto projects explode in value seemingly overnight, generating returns that are mostly unheard of when investing in more established crypto assets or traditional financial instruments. However, with thousands of new crypto projects launched every few weeks, it can be difficult to separate those that are truly promising and those that are just looking to take advantage of the fast-moving crypto space and have no concrete roadmap goals. In this article, we will examine what are, in our opinion,…

Crypto Live NewsAuthor: Nidhi Kolhapur Nidhi Kolhapur AuthorNidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain. Jul 9, 2024 19:09 The United States Senate Committee on Armed Services has taken a significant step towards integrating advanced technology into national defense. The committee has directed Secretary of Defense Lloyd Austin to investigate potential applications of blockchain technology within the military. The directive issued on July 9, focuses particularly on enhancing supply chain management and strengthening national security. Secretary Austin is required to…

Key Takeaways Bitcoin needs to surpass $58,000 to restore its bullish trend, according to traders. Over 50% of crypto investors remain optimistic about the current bull cycle despite recent corrections. Share this article Bitcoin (BTC) still holds the $58,000 price level as a key area to flip its choppy moment, according to the trader who identifies himself as Altcoin Sherpa. This area is BTC’s exponential moving average of 200 days (EMA 200), and the price must close above it in “higher timeframes” so Bitcoin can chase $63,000. “Can’t break it, we test the low 50ks. Wait and see mode now,”…