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1 year, 5 months agoKazakhstan's Digital Tenge Pilot Project Declared a Success, Sets Stage for Future Enhancements
The digital tenge, Kazakhstan’s central bank digital currency (CBDC), has successfully completed a month-long pilot project. The pilot run involved various initiatives, including providing schoolchildren with f…
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1 year, 5 months agoCoinbase Plans Legal Action Against SEC Over Denial of Regulatory Rules for Cryptocurrency Transactions
Coinbase, the popular cryptocurrency exchange, plans to take legal action against the U.S. Securities and Exchange Commission (SEC) after the regulator rejected Coinbase’s petition for specific regulatory rules f…
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1 year, 5 months agoEthereum Community Approves Groundbreaking ERC-3643 Standard for Compliant Tokenization
The Ethereum community has approved the ERC-3643 standard, which is the first-ever standard designed specifically for compliant tokenization. This new standard improves upon the widely used ERC-20 standard,…
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1 year, 5 months agoSEC Holds Discussions with Asset Managers on Spot Bitcoin ETF Approval
The Securities and Exchange Commission (SEC) has engaged in discussions with asset managers regarding the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. The recent meetings…
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1 year, 5 months agoSafeMoon DeFi Protocol Files for Bankruptcy Amidst Criminal Charges and Token Price Plummets
Decentralized finance (DeFi) protocol SafeMoon has filed for Chapter 7 bankruptcy following the arrest of its executives and criminal charges in the United States. The filing has resulted in a significant drop in…
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1 year, 5 months agoSEC Denies Coinbase's Petition for Cryptocurrency Securities Rulemaking
The United States Securities and Exchange Commission (SEC) has denied a petition from Coinbase, a cryptocurrency exchange, for a rulemaking on transactions involving cryptocurrencies that are considered securities.…
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1 year, 5 months agoTether Freezes Hacker's Wallet Address Amidst Security Concerns on Ledger Platform
Tether, the popular stablecoin issuer, has taken action against hackers who exploited the Ledger network. The addresses of the attackers have been frozen, preventing them from accessing the funds they stole.…
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1 year, 5 months agoCentral Bank Governor Urges Development of CBDCs to Counter Stablecoin Threat
Bank of Korea Governor Chang-yong Rhee has expressed concerns about the rise of stablecoins and their potential impact on central bank money and monetary policies. Speaking at a conference on digital money in…
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1 year, 5 months agoSEC Denies Coinbase's Crypto Rulemaking Petition, Chair Gensler Supports Decision
The Securities and Exchange Commission (SEC) has denied a rulemaking petition filed by Coinbase, a US-based crypto exchange. SEC Chair Gary Gensler supports the Commission’s decision, stating that existing laws a…
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1 year, 5 months agoOngoing Legal Battle Raises Concerns Over Foundation's Financial Mismanagement
A court in Liechtenstein has been deliberating for two years on whether it is legal for two trustees to have unrestricted access to millions of dollars. These trustees, along with their lawyer, earn thousands of…
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1 year, 5 months agoSEC Denies Coinbase's Request for New Crypto Regulation, Citing Existing Rules
The US Securities and Exchange Commission (SEC) has denied Coinbase’s request for new cryptocurrency regulations. SEC Chair Gary Gensler stated that the existing rules are sufficient and apply to the crypto s…
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1 year, 5 months agoFnality International Launches Sterling Fnality Payment System, Revolutionizing Wholesale Finance and Asset Tokenization
Fnality International has launched the first phase of its Sterling Fnality Payment System (£FnPS), a distributed ledger technology (DLT)-based wholesale payment system. The system enables banks to transfer British…
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1 year, 5 months agoFnality International Launches Sterling Fnality Payment System, Revolutionizing Wholesale Payments with Blockchain Technology
Fnality International has launched the first phase of its Sterling Fnality Payment System (£FnPS), a distributed ledger technology (DLT)-based wholesale payment system. The system allows banks to transfer British…
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1 year, 5 months agoFormer Amazon Software Engineer Pleads Guilty to Hacking Decentralized Exchange and Stealing Millions
A former software security engineer at Amazon, Shakeeb Ahmed, has pleaded guilty to computer fraud charges in connection with the hacking of Nirvana Finance and another unnamed decentralized exchange (DEX). This…
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1 year, 5 months agoFormer Amazon Software Engineer Pleads Guilty to Hacking Decentralized Exchange and Stealing Millions
A former software security engineer at Amazon, Shakeeb Ahmed, has pleaded guilty to computer fraud charges in connection with the hacking of Nirvana Finance and another unnamed decentralized exchange (DEX). This…
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bob wrote a new post
1 year, 5 months agoSEC Denies Coinbase's Crypto Rulemaking Petition, Chair Gensler Supports Decision
The Securities and Exchange Commission (SEC) has denied a rulemaking petition filed by Coinbase, a US-based crypto exchange. SEC Chair Gary Gensler supports the Commission’s decision, stating that existing laws a…
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1 year, 5 months agoBinance Survey Reveals Majority of Users Believe Crypto Can Reduce Income Inequality
Binance, one of the leading cryptocurrency exchanges, recently conducted a survey to understand how its users are utilizing crypto in their daily lives. The survey revealed that a majority of users believe that…
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1 year, 5 months agoSEC Chair Signals Reevaluation of Spot Bitcoin ETFs
The Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has indicated that the regulatory body is reevaluating its stance on spot Bitcoin exchange-traded funds (ETFs). Gensler mentioned that…
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1 year, 5 months agoNew SEC Cybersecurity Disclosure Rules Impact Public Crypto Companies
The Securities and Exchange Commission (SEC) is implementing new disclosure requirements for public companies regarding material cybersecurity incidents. These requirements aim to provide investors with timely and…
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1 year, 5 months agoTokeny Secures Strategic Investment from Apex Group, Strengthening Financial Tokenization Platform
Luxembourg-based tokenization company Tokeny has announced that Apex Group, a leading fund management firm, has become its main strategic investor. This investment strengthens Tokeny’s position in the financial t…
