assets
Troy Paredes, a former commissioner at the SEC, believes that the regulator may be overstepping its boundaries when it comes to classifying digital assets as securities. Speaking at a conference, Paredes stated that the SEC has taken a broad view of what constitutes a security under the Howey test. He
blockchain
Two bugs in a fork of the Gains Network leveraged trading protocol could have allowed traders to profit 900% on every trade, regardless of the token's price, according to a report from blockchain security firm Zellic. One bug was patched in a previous version of Gains, while the
base
Coinbase is preparing for a future where billions of customers can safely use decentralized applications on millions of blockchains. They are integrating the Ethereum Virtual Machine (EVM) and Circle's USD Coin (USDC) into their system. Coinbase's head of tokenization, Anthony Bassili, spoke at TokenizeThis 2024 in
assistant
The White House plans to nominate Kristin Johnson, a Democratic Commissioner at the Commodity Futures Trading Commission (CFTC), for the role of Assistant Secretary for Financial Institutions at the U.S. Treasury Department. Johnson received support from Maxine Waters, the Ranking Democrat of the House Financial Services Committee, and her
bitcoin
Bitcoin mining difficulty has dropped nearly 6% to 83.1 trillion hashes, which is not a good sign for the network's security. However, experts say this is expected in the short term. The drop in difficulty comes just before the upcoming halving event, where miner rewards will be
arbitrum
Trillion-dollar asset manager Franklin Templeton has suggested that the "Base Season" has arrived with the rise of Social Finance (SocialFi) apps, with Base leading other Ethereum layer 2s in the vertical. According to Franklin Templeton, about 46% of transactions related to SocialFi are on Base, which has been
allegations
Neel Somani, CEO of Eclipse, has announced that he will be stepping back from his role in the Layer 2 project following allegations of sexual harassment against him. Somani denied any misconduct and stated that the role reduction is temporary. The announcement came after allegations of sexual misconduct by the
bitcoin
Bitcoin miner Marathon Digital reported its first-quarter 2024 results, revealing a 223% increase in revenues to $165.2 million. However, the company missed Wall Street analysts' revenue estimates by 14.80%. Marathon blamed bad weather and equipment failures for the shortfall. The company mined 2,811 BTC during the
bitcoin
Bitcoin traders are pointing to a bullish candle hammer on the weekly price chart, which could indicate a reversal of the recent downtrend. Market intelligence firm Glassnode founders believe that Bitcoin is about to surge higher based on this pattern. The hammer candle, characterized by a small body above a
blockchain
The experimental cryptocurrency Ore has won $50,000 in a hackathon supported by the Solana Foundation. However, Ore's impact on the Solana blockchain has been disruptive, as mining the currency caused network congestion and transaction failures. Ore is based on the proof-of-work mechanism used by Bitcoin but operates
bitcoin
The 200-day moving average for Bitcoin has reached an all-time high of $50,178, indicating a bullish long-term outlook for the cryptocurrency. This indicator, which calculates the average closing price over the past 200 days, is often used by traders and analysts to determine long-term trends. Bitcoin's price
bankruptcy
Former pro footballer Tom Brady was roasted by comedians and former teammates during a Netflix-streamed event. One of the most viral moments was when comedian Kevin Hart joked about Brady's role in promoting the bankrupt crypto exchange FTX. Hart quipped about why the event wasn't held