The regulatory body has proposed barring Kwon from holding any executive role in the securities industry and mandates a full disclosure of his financial dealings and assets.
The halving event effectively reduced the Bitcoin block reward from 6.25 $BTC to 3.125 $BTC, exacerbating competition among transactions on 20 April.
The geopolitical tensions escalating in the Middle East are thought to be a significant factor contributing to Bitcoin’s instability.
Amid Solana’s congestion woes, Coinbase’s Base has emerged as a preferred alternative for traders and developers alike.
Wells notices are serious business in the financial regulatory arena, serving as preliminary warnings that outline the charges the SEC is considering.
The halving, by reducing the rate at which new Bitcoins are generated, emphasises scarcity and has historically been a precursor to price volatility and rallies.
The stablecoin is available on both the XRP Ledger and Ethereum blockchains.
This figure more than doubles the previous record of nearly $28.5 billion set in December 2023, marking a significant milestone in the blockchain’s history.
The heart of the SEC’s lawsuit, filed last June, accuses Coinbase of acting as an unregistered securities exchange, broker, and clearing agency.
The prosecution has called for a prison term ranging from 40 to 50 years.
