SEC generated record confiscated income in 2022: why it is crucial for crypto

 While the SEC states its mission is to protect investors, there are questions about its methods and motives. This piece unravels the SEC’s structure, balance sheet, and notable interactions with cryptocurrency entities, providing an insightful and comprehensive look at a complex issue.

Hailed as a beacon of free market principles, the cryptocurrency market is going through an intriguing phase. It’s an era where the invisible hand of the market meets the tangible fist of regulation. 

The US Securities and Exchange Commission (SEC) sits at the eye of this storm. The regulator finds itself walking a tightrope – protecting the interests of investors while navigating the rapidly evolving crypto landscape. 

Bitcoin ordinals’ creator steps down as inscriptions surpass 10m

Casey Rodarmor, the person behind bitcoin ordinals, reveals he will step aside from his role, with the platform reaching a milestone of over 10 million user registrations.

Casey Rodarmor, the brain behind bitcoin ordinals, took to Twitter today, sharing two significant developments: now there are more than 10 million user registrations on the platform, and his decision to step down from his current role.

Samsung and Bank of Korea join forces for CBDC research

Samsung Electronics and the Bank of Korea (BOK) have announced a partnership to conduct joint research, focusing on the development of an offline payment system for a central bank digital currency (CBDC).

The South Korean tech giant Samsung Electronics and the Bank of Korea (BOK) have announced a partnership. They are joining hands to drive research and innovation in the domain of central bank digital currencies, also known as CBDCs.

This collaboration was formalized via a Memorandum of Understanding (MOU), signed at Samsung’s main base in Suwon, Gyeonggi Province. The venture will focus on the potential of the CBDC issued by the BOK and its application in the offline payment industry.

Binance re-opens bitcoin withdrawals after brief suspension, blames ‘severe network congestion’

Binance, the world’s largest cryptocurrency exchange, has re-opened bitcoin (BTC) withdrawals after a 1-hour suspension, the latest data on May 7 shows.

Binance halts BTC withdrawals

Binance said they were halting withdrawals on the Bitcoin network due to what they describe as “severe congestion”.

Global Loss of Confidence in Fiat Boosting Bitcoin Adoption: Michael Saylor

 Bitcoin adoption has picked up the pace recently as investors acquire more of the leading crypto asset.

With several market analysts giving their takes on the key driver behind this renewed surge, MicroStrategy’s former CEO, Michael Saylor, recently expressed his view on the matter.

Inflation and Counterparty Risks Drive Bitcoin Adoption

In a recent CNBC interview, Saylor noted that two dynamics are pushing the broad adoption of Bitcoin. He revealed that the first one is the concern about inflation.

FLOKI Skyrocketed 40% After Listing on Binance.US

The memecoin’s price rose by 40% after Binance.US opened FLOKI/USD and FLOKI/USDT trading pairs.

The price of the popular meme-inspired cryptocurrency – FLOKI – has soared by more than 40% in the past 24 hours.

The surge happened shortly after the American subsidiary of Binance – Binance.US – listed the asset on its platform. 

G Dragon’s new NFT collection sold hours after launch

 G Dragon’s NFT collection

NFT continues to gain applications and adoptions from many significant celebrities. One of the latest is G Dragon, whose NFT collection sold out soon after the sale began. 

The pop artist Kwon Ji-yong (G-Dragon), based in South Korea, recently launched an NFT collection termed PEACEMINUSONE NFT collection Archive 2016. The love affair between G Dragon and NFT was first mentioned early this year.