Analysis Crypto by Thebittimes.Com

The US Securities and Exchange Commission (SEC) has been sued in Texas for “unlawful targeting” digital asset businesses. The lawsuit was filed in the United States District Court for the Northern District of Texas on Wednesday by crypto startup LEJILEX and Crypto Freedom Alliance of Texas LEJILEX is filing the lawsuit ahead of its plans to launch a digital assets exchange. Texas-based non-profit platforms LEJILEX and Crypto Freedom Alliance of Texas (CFAT), have filed a lawsuit against the US Securities and Exchange Commission (SEC), arguing that the regulator has over the past few years overreached in its regulatory approach to the crypto industry. SEC sued for regulatory “overreach” A complaint filed in the United States District Court for the Northern District of Texas alleges that the SEC has “unlawful” asserted its regulatory authority all over the crypto space across Texas and the United States. “ This case, ...

Blockchain technology dramatically revolutionizes the sport s industry : from merchandising and ticketing to fans communities and systems of governance and ownership. Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The arrival of web3 technology can revolutionize many industries, from fashion to art, music, and more. There’s no denying that web3 has the potential to change the sports industry for the better. Web3 can take the sports industry to the next level by allowing for increased ownership, transparency, and autonomy from leveraging smart contracts to sponsorship sign-up on blockchain. Web3 is also providing numerous opportunities for teams, fans, and athletes alike. Through web3, they can discover new ways to engage through NFTs. These NFT platforms are doing this by harnessing the power of game cards that enable users to set up their own fantasy teams. Through this, pl...

The Bitcoin market has been drowning the red sea along with its counterparts. Amidst constantly crashing projects, the mining industry hasn’t been very profitable. While several filed for bankruptcy a few others have been recording nothing but losses. Canaan, a popular Bitcoin mining platform, revealed that its net income during the third quarter plummeted by 88 percent. In a recent report, it was brought to light that the firm’s Q3 net income dropped to 6.11 million yuan or $8.6 million when compared to last year. The amount of computing power sold fell by 48.5% to 3.5 million terahashes per second. This was further followed by its revenue which dropped by 26% to 978.2 million yuan. Addressing the latest drop, Nangeng Zhang the CEO of the firm said in a statement, “The negative market dynamics have significantly hindered bitcoin miners’ revenues and cash flows. As miners are forced to cut their demand for computing power, we had to adjust down our ...