The US Securities and Exchange Commission (SEC) recently announced settled charges against the crypto lending firm Abra for its failure to register its crypto asset lending product, Abra Earn. This move came after Abra reportedly sold nearly half a billion dollars of securities to US investors without complying with registration laws designed to protect investors.
Growing up in Edo State, Nigeria, I was surrounded by my three siblings who served as my idols and mentors. They played a significant role in shaping my understanding of life and helping me navigate through its challenges. However, it was my parents who truly laid the foundation for my journey. Their unwavering support and
The recent spike in Bitcoin prices of over 6% can be directly attributed to Federal Reserve Chairman Jerome Powell’s announcement regarding potential adjustments in policy and a hint at a 25bps rate cut at the next meeting on September 18. This unexpected news has injected new volatility into the Bitcoin market, with prices fluctuating unpredictably
Colombia’s Superintendence of Industry and Commerce (SIC) recently announced that it has initiated formal proceedings against Worldcoin Foundation and Tools for Humanity over alleged violations of the country’s personal data protection regulations. The charges were issued on August 16, with the investigation focusing on whether the organizations breached Colombian laws governing the collection and processing
The Securities and Exchange Commission (SEC) has taken a firm stance against Richard Heart, also known as Richard Schueler, in a $1 billion fraud case. The SEC vehemently opposed Heart’s attempt to dismiss the case, arguing that his promotion of unregistered digital assets like HEX, PulseChain, and PulseX directly targeted US investors. The regulator’s filing
My name is Godspower Owie, and I hail from Edo State, Nigeria. Growing up, I was surrounded by my three siblings who have always been my role models and guides, shaping my understanding of the world. The unwavering support and love of my parents have been the foundation upon which I have built my life.
Indian cryptocurrency exchange WazirX recently stated that external parties not invested in the platform might attempt to prolong its restructuring process for their own benefit. These parties are said to be more focused on creating and maintaining “uncertainty” rather than actively seeking a resolution to the current situation. This revelation sheds light on the complexity
John is an avid writer who has a keen interest in the dynamic and captivating world of cryptocurrency. Although he initially did not consider venturing into the digital asset industry, he has been captivated by it for over two years now. John prides himself on creating insightful content that demystifies the intricacies of blockchain technology
The European Union’s AI regulatory framework has been criticized by Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek for stifling innovation in the AI sector. The current regulatory structure is described as fragmented and riddled with inconsistent implementation, creating obstacles for companies to navigate and comply with regulations. This lack of clear rules and
Opeyemi is a writer who has found his passion in the world of cryptocurrency. Despite not initially choosing this industry, he has become deeply immersed in it for over two years. His enthusiasm for blockchain technology and cryptocurrencies shines through in his unique and insightful pieces. The Joy of Analysis Opeyemi spends a significant amount