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These deadlines were expected, as the SEC has traditionally taken the full 240 days to make a final decision. However, the threat of a looming shutdown seems to have pushed its interim decision up to Tuesday. Normally, the SEC waits until a few days prior to the deadline. In 2019,
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Venezuela was one of the first Latin American countries to establish its own crypto oversight body, the National Superintendency of Crypto Assets (Sunacrip). Now, the government says it will take six extra months to ‘reorganize” the entity, which de-facto stopped its work in March 2023. According to the presidential decree, published
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The United States government could be shut down in the next 7 days with House Speaker Kevin McCarthy facing political pressure from members of his own party on how to handle spending plans — a decision that could adversely affect how lawmakers move forward with crypto bills awaiting a vote.In
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“If the government shuts down, forward progress on bills will be stalled,” said Sheila Warren, CEO of the Crypto Council for Innovation, an industry advocacy organization, who says she’s concerned about lawmakers losing the focus that’s been a challenge for the industry to build. “In the aftermath of a shutdown,
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Bitcoin (BTC) starts the last week of September with a retest of $26,000 as a stubborn range persists.An unimpressive weekly close sets the tone for the culmination of what is a traditionally lackluster month for BTC price action.Having shaken off a hectic week of macroeconomic events, Bitcoin has plenty more
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On the latest episode of Macro Markets, analyst Marcel Pechman examines the current state of the American economy. He references a headline from Barron’s that highlights the disparity between people’s perception of the economy and the objective data.Pechman delves into the concept of excess savings, agreeing with Barron’s that a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Thailand has warned Facebook of a potential shutdown due to the rise in crypto scams and misleading ads on the platform. The Minister of Digital Economy and Society (DES), Mr. Chaiwut Thanakmanusorn, is taking action against fraudulent
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied NFT platform Recur has revealed plans to cease operations less than two years after securing $50 million in a Series A funding round. The company has detailed a structured shutdown of the platform, commencing with the suspension
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SpiritSwap, a decentralized exchange (DEX) on Fantom, will no longer shut its doors in September after having treasury funds stuck on troubled cross-chain protocol Multichain.In an Aug. 16 community vote, SpiritSwap users passed a resolution to transfer the project to Power, a fellow nonfungible token platform and DEX that is
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Geist Finance has decided not to reopen after Multichain’s confirmation that the funds will remain unrecoverable. The unavailability of accurate valuation for Multichain assets due to the Chainlink oracles tracking real USDC, USDT, WBTC, or ETH
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