Two lawyers from the Securities and Exchange Commission (SEC), Michael Welsh and Joseph Watkins, have resigned following a significant reprimand from a federal judge. The judge criticized the Wall Street regulator for abuse of power concerning legal action against a cryptocurrency platform, Digital Licensing Inc. Details of the Alleged Misconduct In July, the SEC filed charges against DEBT Box and its executives, accusing them of defrauding investors out of at least $49 million. Following these charges, the court, led by Judge Shelby, agreed to the SEC’s request to freeze the company’s assets and place the firm into receivership. However, the

The Bitcoin halving is a significant event in the world of cryptocurrency, yet it remains a mystery to many. Occurring approximately every four years—or more precisely, every 210,000 blocks—this event has profound implications on the entire Bitcoin network and its community. Here’s a straightforward breakdown of what Bitcoin halving is, why it happens, and how it might affect the Bitcoin ecosystem. What is Bitcoin Halving? The Bitcoin halving refers to the reduction of the block reward that miners receive for validating new blocks of transactions on the Bitcoin blockchain. Essentially, this is the process through which new Bitcoins are introduced

Instead of letting the Patriot Act expire, the way it was always intended to, it’s being expanded. The US House of Representatives has passed the renewal of Section 702 of the Foreign Intelligence Surveillance Act (FISA), embedded within the Reauthorization of the Intelligence Surveillance Act (RISAA). The bill, passed last Friday, contains what could be the most substantial expansion of domestic surveillance since the Patriot Act, according to critics like Senator Ron Wyden, who described the expanded powers as “terrifying.” Under the existing framework, electronic communications service providers such as Verizon and Google are compelled to assist the NSA in