SEC Explains Delay in Issuing More Crypto Exchange Licenses, Citing Higher Due Diligence and Regulatory Alignment
The Securities and Exchange Commission (SEC) has shed light on the reasons behind its delay in issuing additional provisional licenses to cryptocurrency exchanges. After approving Quidax and Busha in August 2024, the Commission says it must conduct more rigorous due diligence before advancing with further licensing decisions. Emomotimi Agama, Director General of the SEC, made […]
ZK Token Tumbles After $5 Million Exploit Exposes Airdrop Vulnerability
The cryptocurrency market experienced sudden upheaval as the price of the ZK token plunged by 17% in just 30 minutes following a damaging security breach. The exploit allowed an attacker to seize control of nearly $5 million worth of unclaimed tokens from ZKSync’s airdrop contract, sending shockwaves through the crypto investor community. ZKSync, a Layer-2 […]
Zuckerberg Defends Meta’s Instagram and WhatsApp Acquisitions in Landmark Antitrust Trial
Meta CEO Mark Zuckerberg took the witness stand on Monday in Washington, D.C., defending the company’s multibillion-dollar acquisitions of Instagram and WhatsApp. His testimony comes as part of a major antitrust trial, where the U.S. Federal Trade Commission (FTC) argues that Meta made the purchases to eliminate emerging rivals and dominate the social media landscape. […]
Elon Musk’s Federal Efficiency Department Targets Nonprofits in Expanding Oversight Push
Billionaire Elon Musk’s U.S. Department of Government Efficiency (DOGE) recently attempted to embed a federal oversight team within the independent nonprofit Vera Institute of Justice, according to a statement from the organization. This latest move underscores the agency’s growing reach into non-governmental entities that receive public funds. Vera Institute revealed that two DOGE representatives, Nick […]
Gold Breaks $3,300 for the First Time Amid Tariff Fears and Safe-Haven Rush
Gold prices soared to an all-time high on Wednesday, crossing the $3,300 threshold for the first time as renewed global trade tensions drove investors toward safe-haven assets. The surge follows a fresh round of uncertainty sparked by U.S. President Donald Trump’s directive to investigate potential new tariffs on imports of critical minerals, signaling an escalation […]
