SEC drops investigation into NFT marketplace OpenSea
In a major development for the NFT industry, OpenSea founder Devin Finzer has announced that the Securities and Exchange Commission (SEC) has officially closed its investigation into the popular NFT platform. This news comes as a huge relief for the NFT community and is being hailed as a significant win for the industry as a whole.
The SEC had launched an investigation into OpenSea earlier this year, raising concerns about potential violations of securities laws. This had caused a great deal of uncertainty and worry within the NFT space, with many fearing that it could lead to stricter regulations and hinder the growth of the market.
However, in a recent statement, Finzer revealed that the SEC has concluded its investigation and found no evidence of any wrongdoing on the part of OpenSea. He expressed his relief and gratitude, stating that this is a positive outcome for not just OpenSea, but for the entire NFT industry.
This news has been met with widespread celebration and relief from the NFT community, with many taking to social media to express their joy and optimism for the future. The closure of the SEC investigation is seen as a major step towards establishing a more stable and secure environment for NFTs to thrive in.
With the NFT market experiencing explosive growth in recent years, this development is a significant milestone that will help to build trust and confidence in the industry. It also sends a strong message to other NFT platforms and creators that the SEC is not out to stifle innovation, but rather to ensure compliance with existing regulations.
In conclusion, the closure of the SEC investigation into OpenSea is a major win for the NFT industry and a positive sign of things to come. With this hurdle now behind us, the future looks bright for NFTs and the countless possibilities they hold.
‘Biggest crypto hack in history’: Bybit exploit is latest security blow to industry
The recent Bybit hack has sent shockwaves through the cryptocurrency community, as it has been reported to be more than twice the size of the second-largest crypto exploit. This alarming news has raised concerns about the security and vulnerability of digital assets, and has left many investors questioning the safety of their investments.
The hack, which occurred on the popular crypto exchange Bybit, has resulted in the loss of millions of dollars worth of digital assets. This is a significant blow to the exchange and its users, as well as the wider crypto market. The stolen funds have not yet been recovered, and the investigation into the hack is ongoing.
This incident serves as a reminder of the risks associated with investing in cryptocurrencies. While the decentralized nature of these assets offers many benefits, it also leaves them vulnerable to attacks from hackers. As the crypto market continues to grow and gain mainstream adoption, it is crucial for exchanges and investors to prioritize security measures to protect against such attacks.
The Bybit hack is not the first of its kind, and unfortunately, it likely won’t be the last. In fact, it is the largest crypto exploit to date, surpassing the previous record held by the Ronin Network. This highlights the need for constant vigilance and proactive measures to prevent and mitigate such attacks.
In response to the hack, Bybit has assured its users that it is taking all necessary steps to enhance its security protocols and prevent future breaches. It has also urged its users to remain vigilant and report any suspicious activity on their accounts.
As the crypto market continues to evolve and attract more investors, it is crucial for all stakeholders to prioritize security and work together to prevent such incidents. While the Bybit hack may have caused significant damage, it also serves as a wake-up call for the industry to strengthen its defenses and protect the assets of its users.
Trump’s tariffs may lead to savings for Americans through tax cuts: Research
Before the 16th Amendment was ratified in 1913, the United States had a very different tax system. Unlike today, there was no permanent income tax imposed on citizens. This meant that the government did not have a consistent source of revenue to fund its operations and programs.
Instead, the government relied heavily on tariffs and excise taxes, which were placed on imported goods and certain domestic products. These taxes were often unpredictable and could fluctuate depending on economic conditions and political decisions. This made it difficult for the government to plan and budget effectively.
However, with the ratification of the 16th Amendment, the government gained the power to levy a permanent income tax on its citizens. This was a significant change that had a major impact on the country’s financial system.
The amendment gave Congress the authority to collect taxes on all forms of income, including wages, salaries, and investments. This allowed the government to have a steady stream of revenue throughout the year, rather than relying on sporadic taxes.
The implementation of a permanent income tax also brought about a more progressive tax system, where individuals with higher incomes were taxed at a higher rate. This was seen as a fairer way to distribute the tax burden among citizens.
The 16th Amendment has played a crucial role in shaping the United States’ tax system and has been a vital source of revenue for the government for over a century. It has allowed the government to fund important programs and services, such as national defense, infrastructure, and social welfare.
In conclusion, the ratification of the 16th Amendment in 1913 marked a significant shift in the United States’ tax system, providing the government with a stable and consistent source of revenue. This has had a lasting impact on the country’s financial stability and the way taxes are collected and distributed among its citizens.
Crypto Biz: Please, just buy one Bitcoin
The world of cryptocurrency is constantly evolving and making headlines, and the recent purchase of just one Bitcoin by HK Asia is no exception. This move has caused a significant spike in the company’s share price, increasing by a staggering 93%. This news has sent shockwaves through the financial world, leaving many wondering what this could mean for the future of cryptocurrency.
For those unfamiliar, Bitcoin is a digital currency that operates independently of a central bank. It is decentralized, meaning it is not controlled by any government or institution, making it a popular choice for those seeking financial freedom and privacy. Its value is determined by supply and demand, and its price has been known to fluctuate drastically.
HK Asia’s decision to invest in Bitcoin is a bold move, especially considering the current economic climate. With the ongoing pandemic and global economic uncertainty, many investors have been hesitant to take risks. However, this move by HK Asia has proven to be a smart one, as it has resulted in a significant increase in their share price.
This spike in share price not only benefits HK Asia but also highlights the potential of Bitcoin as a valuable asset. It serves as a reminder that cryptocurrency is a rapidly growing market with immense potential for growth and profit. As more and more companies and individuals begin to invest in Bitcoin, its value is likely to continue to rise.
This news also raises questions about the future of traditional banking and finance. With the success of Bitcoin and other cryptocurrencies, could we see a shift towards a more decentralized financial system? Only time will tell, but one thing is for sure, the world of cryptocurrency is here to stay and is only getting stronger.
In conclusion, HK Asia’s purchase of just one Bitcoin has caused a significant stir in the financial world, with its share price increasing by 93%. This move not only benefits the company but also highlights the potential of Bitcoin as a valuable asset. As the world continues to embrace cryptocurrency, it will be interesting to see how it shapes the future of finance.
Solana vs Ethereum, a tale of two blockchains — Which will be the victor?
When it comes to crypto, value is determined by price, utility and users. Based on these metrics, is Solana or Ethereum winning the battle to be the best blockchain?
US crypto index ETFs off to slow start in first days since listing
Newly launched funds holding Bitcoin and Ether have so far seen scant interest from investors.
Bitcoin comes back to life — Does data support a rally to $100K and higher?
Bitcoin has been making headlines for its volatile price movements, with many investors and traders eagerly watching its every move. After a sharp decline in March due to the global pandemic, Bitcoin has been on a rollercoaster ride, with its price reaching an all-time high of over $64,000 in April, only to drop down to around $30,000 in May.
This week, Bitcoin saw a slight recovery, with its price hovering around the $40,000 mark. However, data shows that traders are becoming more cautious and reducing their appetite for risk. This could be due to the recent market turbulence and uncertainty surrounding the future of cryptocurrencies.
One of the main factors contributing to this decrease in risk appetite is the ongoing regulatory crackdown on cryptocurrencies. China, one of the biggest markets for Bitcoin, has intensified its efforts to ban cryptocurrency mining and trading. This has caused a ripple effect in the market, with other countries also considering stricter regulations.
Moreover, the recent ransomware attacks targeting major companies and organizations have shed a negative light on Bitcoin and other cryptocurrencies. This has raised concerns about their use in illegal activities and has led to calls for tighter regulations.
Despite these challenges, many experts believe that Bitcoin’s long-term prospects remain strong. The increasing adoption of cryptocurrencies by mainstream companies and financial institutions is a testament to their potential. Additionally, the limited supply of Bitcoin and its decentralized nature make it a valuable asset for hedging against inflation and diversifying investment portfolios.
In conclusion, while Bitcoin’s price may continue to be volatile in the short term, the underlying technology and potential for growth make it an attractive investment for the long term. As the market continues to evolve and regulations become clearer, we can expect to see a more stable and mature cryptocurrency market in the future.
ZachXBT identifies Lazarus Group as behind Bybit $1.4B hack, wins Arkham bounty
The recent hack of Bybit exchange, which resulted in a loss of over $1.4 billion, has sent shockwaves through the crypto community. As news of the hack spread, users on X, a popular online platform for crypto enthusiasts, were quick to offer support and share valuable security advice.
The hack, which occurred on the 19th of May 2021, has once again highlighted the vulnerability of centralized exchanges. Bybit, a popular derivatives exchange, fell victim to a sophisticated attack that resulted in the theft of a large amount of cryptocurrency. This incident has raised concerns among users about the safety of their funds on centralized exchanges.
In response to the hack, the X community came together to offer support and guidance to those affected. Many users shared their sympathies and offered words of encouragement to those who lost their funds. Some even went a step further and offered to help track down the stolen funds, showcasing the strong sense of camaraderie within the crypto community.
In addition to support, the X community also shared valuable security advice to help prevent similar incidents in the future. Many users emphasized the importance of using hardware wallets and storing funds offline, as well as using strong passwords and enabling two-factor authentication. Others suggested diversifying funds across multiple exchanges to minimize the risk of losing all funds in the event of a hack.
The Bybit hack serves as a reminder of the importance of security in the crypto world. While decentralized exchanges offer a higher level of security, centralized exchanges are still widely used and it is crucial for users to take necessary precautions to protect their funds. The response from the X community showcases the strength and resilience of the crypto community, and serves as a reminder to always stay vigilant and prioritize security.