The United States Securities and Exchange Commission (SEC) has replaced its Crypto Assets and Cyber Unit with the newly formed Cyber and Emerging Technologies Unit (CETU), continuing its shift in approach to regulating digital assets and combating cyber-enabled financial crimes.Announced on Feb. 20, the unit will focus on addressing misconduct involving artificial intelligence, blockchain fraud, social media manipulation, and cybersecurity compliance failures.Leadership and Operational FrameworkLaura D’Allaird, formerly deputy director of the SEC’s Division of Enforcement, will lead the CETU as its inaugural chief. The unit comprises 30 attorneys and fraud specialists across nine SEC regional offices, consolidating expertise in fintech,…
Author: cryphedge
Tether has backed the $10 million round for cross-border payments firm Mansa. Venture capital firm Polymorphic co-led the round, which saw investors raise $7 million to add to $3 million raised earlier. Tether, issuer of the world’s largest stablecoin USDT, led the $10 million funding round of MANSA, a cross-border payments provider. MANSA announced the close of the $10 million financing round on Thursday, Feb. 20, noting that the capital injection would be key to the fintech company’s plans to bolster cross-border payments by addressing liquidity challenges facing providers. Venture capital firm Polymorphic Capital co-led the round, which also attracted…
Illuvium has announced a significant restructuring effort, aiming to cut costs and adjust its development focus to an MMO lite model.The company is reducing its monthly spending to $500,000 by March, with cost-cutting measures that include salary reductions, operational adjustments, and team layoffs. Some employees have been given the option to receive payments in Illuvium’s native $ILV token instead of $USDC.These changes come as the studio prepares for a shift in its flagship title, Overworld, which will transition to an “MMO Lite” model rather than a traditional open-world experience. This move follows previous cost-cutting efforts in 2024, when Illuvium reduced…
Buenos Aires, Argentina – Balmy, the leading on-chain banking platform, proudly announces the public launch of Earn Guardian, a security protocol that leverages Pre-Attack Intelligence to protect DeFi funds earning yield. This innovation marks a significant step forward in addressing one of DeFi’s most critical challenges: safeguarding assets before an attack even happens. After a successful early access phase, Earn Guardian is now available to everyone offering some of the best low-risk high-rewards APYs in DeFi. Thanks to over $150K in OP liquidity mining rewards, users can earn yield while benefiting from enterprise-grade security tools in web3. *Yields are subject…
As Donald Trump’s World Liberty Finance acquired the SEI token for the first time in its DeFi buying history, the SEI price skyrocketed. With an intraday surge of 11.06%, the DeFi token is presenting a double-bottom reversal. Aiming to conclude the lower-high formation and start a new bullish trend, the SEI price has now reached the $0.25 psychological mark. Will this bullish continuation lead to a new swing high in SEI prices? Let’s find out. Is SEI Ready for a Bullish Explosion? In the daily price chart, the SEI price trend showcases a bearish reversal from the $0.70 mark to…
With the broader market recovering, the heat in the DeFi segment is back on the rise. Ondo Finance, a real-world asset tokenization project, is hinting at a potential comeback as the broader market recovers. Sustaining dominance above its $1 psychological mark, Ondo is hinting at a potential double-bottom reversal. Will this reversal rally result in a triangle breakout to reach the $2 psychological mark? Ondo Price Nears Descending Triangle Breakout In the daily chart, the Ondo price action reveals a descending triangle pattern. The local support resides at $1.19. Support demand zone coincides with the 200-day EMA line. On the…
Ethereum sustains about $2,700 and is aiming for a breakout rally. With the growing institutional support, the SEC has acknowledged the possibility of a new feature for the Ethereum ETFs. This quick development over the past 24 hours has increased the hype around Ethereum. Will the increased hype result in a new bull run for the biggest altcoin? Let’s find out. Ethereum’s Price Action and Key Resistance Levels In the 4-hour price chart, the Ethereum price trend highlights a triangle pattern. Currently, the Ethereum price rallies within the pattern to challenge the overhead trendline. Trading at $2,741, Ethereum is also…
With a sudden recovery overnight, Bitcoin is back above the $97,000 mark. Marking an intraday recovery of 0.6%, the BTC price trades at a market value of $97,226. Despite the short-term recovery hinting at a potential bounce back, the institution supports lakhs for Bitcoin. Amid such conditions, will the BTC price manage to hit the $100,000 mark? Let’s find out. Bitcoin Price Action and Technical Analysis In the daily chart, the BTC price trend showcases a bullish reversal from the local support trend line. This completes a bullish reversal with the morning star pattern. Bitcoin price chart Completing the morning…
Blockchain technology is evolving beyond simple transactions, with projects now integrating real-world finance and interactive gaming into decentralized ecosystems. Remittix and The Last Dwarfs are two presales that have gained strong investor attention for their unique approaches to payments and play-to-earn gaming.Remittix is redesigning cross-border remittances, using blockchain to remove slow transaction processes and high banking fees. The project offers instant and cost-effective global money transfers, making it a strong alternative to traditional financial services.The Last Dwarfs, meanwhile, is a Web3 gaming platform that blends play-to-earn (P2E) mechanics with NFT-based rewards. Players own, trade, and stake in-game assets, turning their…
XRP has been in the news for quite some time now because of its ongoing legal battle with the SEC. As that case is coming to a conclusion soon, analysts predict bullish technical forecasts for the coin. Meanwhile, one more token that has gained attention is Yeti Ouro (YETIO), a rising meme coin that is showing bullish signs in presale. While analysts debate XRP’s potential to surge 1,000% in 2025, YETIO’s unique blend of gaming utility and deflationary tokenomics captures interest as a coin that offers something different. Here’s why investors are balancing bets between these two contrasting opportunities.XRP Price Prediction: XRP’s…
