Policy, enforcement and the global rulebook for crypto.
Key Insights: Ripple has achieved an important regulatory milestone by receiving in-principle approval from the Dubai Financial Services Authority (DFSA). This approval allows the company to expand its blockchain-powered payment services in the United Arab Emirates (UAE). With th
Key Insights: Binance has secured a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority (AFSA) in Kazakhstan. This new license allows Binance’s Kazakhstan-based subsidiary to offer a full range of services, including digital asset tradi
Key Insights: The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) may be heading toward another pivotal moment, as a former SEC lawyer has suggested that the agency will likely appeal Judge Analisa Torres’s ruling from July 2023 regarding
Key insights: The Commodity Futures Trading Commission (CFTC) has initiated a new effort to address the rising wave of cryptocurrency-related scams, particularly focusing on a scheme known as “pig butchering.” This fraud has inflicted substantial financial losses on American inve
Key Insights: On August 28, 2024, the United States Securities and Exchange Commission (SEC) issued a Wells notice to OpenSea, the largest non-fungible token (NFT) marketplace. This notice indicates that the SEC is considering enforcement action against the platform, alleging tha
Key insights: On August 21, reports indicated that Kamala Harris’s campaign could take a supportive stance on emerging technologies such as cryptocurrency. Brian Nelson, a former Treasury official working with Harris’ campaign, made this revelation during an interview with Bloomb
WisdomTree Investments’ economist Jeremy Siegel decries the US’s no action as behind the market rout witnessed on Monday. Leading economists from the Wharton School of Business are urging the US Federal Reserve (Fed) to consider a rate cut amid the chaos caused by poor economic d
ETH Price tumbles since SEC approved spot Ethereum ETFs trading. Analysts consider it reminiscent of the Bitcoin case after the spot ETFs debut. The world’s largest altcoin, Ether (ETH), is yet to regain a turnaround since the US Securities and Exchange Commission approved ETH sp
Katherine Dowling, Bitwise’s chief compliance executive claims that ‘very few’ problems in the S-1 filings are witnessing a back-and-forth exchange between the SEC and potential ETF issuers. A list of eight U.S.-founded spot Ether exchange-traded funds (ETFs) are nearly going liv
David Schwartz, the Chief Technology Officer (CTO) of Ripple, has decided to back ConsenSys. This blockchain startup is facing legal action from the United States Securities and Exchange Commission (SEC) over claims that it sold unregistered securities through its MetaMask wallet
As cryptocurrencies continue to reshape the financial landscape globally, Australia has positioned itself as a supportive and progressive environment for these digital assets. This overview explores the regulatory framework governing cryptocurrencies in Australia, detailing the l
Following a widely reported airdrop event, ZKsync (ZK) saw a sharp 22% decline in price, signaling a stormy turn for the cryptocurrency market. This development emphasizes the unpredictability and difficulties that fresh token launches and airdrop tactics in the cryptocurrency se
Cryptocurrency continues to captivate global attention, with Canada emerging as a frontrunner in embracing blockchain technologies and integrating them into the financial landscape. As Canadians increasingly engage in trading, mining, and holding cryptocurrencies, understanding t
In March 2024, Binance, one of the largest cryptocurrency exchanges, introduced a notable initiative aimed at curbing insider trading and corruption within its platform. Binance announced it would reward individuals who provide credible information on insider trading activities w
As of April 25, 2024, the cryptocurrency community is abuzz with the prospect of the U.S. Securities and Exchange Commission (SEC) approving Ethereum Spot Exchange-Traded Funds (ETFs). Following the successful launch of Bitcoin Spot ETFs earlier in the year, the focus has now shi
The United States federal prosecutors are seeking a 36-month prison sentence for Changpeng Zhao, the former CEO of Binance, over money laundering charges. This request has raised eyebrows within the legal community, as sentencing guidelines for such cases usually suggest a prison
El Salvador declared Bitcoin as legal tender in 2021 sending shockwaves through the market. The announcement, made during the 2021 Miami Bitcoin Conference by President Nayib Bukele, raised both hopes and concerns among citizens and observers alike. Memories of the 2001 economic
The significance of Know Your Customer (KYC) protocols cannot be understated in cryptocurrency trading. As digital currencies continue to permeate the global financial landscape, the implementation of stringent KYC measures becomes paramount for maintaining the security of transa
Nigeria’s eNaira stands as a pioneering Central Bank Digital Currency (CBDC) on the African continent, marking a significant stride in the global shift toward digitized national currencies. Launched in 2021, eNaira not only positioned Nigeria as the first African nation to introd
The European Union’s Artificial Intelligence Act stands as a pivotal regulatory framework designed to govern the development and usage of AI technologies across its member states. Its overarching objective is to ensure that AI systems are created and employed in a manner that uph
Genesis Global Capital has officially sought the green light from the U.S. Bankruptcy Court in the Southern District of New York to conduct a significant asset sale valued at approximately $1.6 billion. This move, aimed at navigating through its current bankruptcy proceedings, in
The cryptocurrency project Worldcoin, founded by Sam Altman, CEO of OpenAI, is currently under investigation by the Hong Kong Privacy Commissioner’s Office (PCPD). As reported by the Hong Kong Economic Times, this inquiry is being conducted under a court warrant and focuses on po
Cryptocurrency exchange Coinbase has announced the appointment of former UK Chancellor of the Exchequer, George Osborne, as an advisor. Osborne’s addition to the team aligns him with other notable political figures such as ex-U.S. Secretary of Defense Dr. Mark T. Esper and former
Ethereum co-founder Vitalik Buterin, a well-known figure in the crypto sector, has publicly advocated for the emergence of new leadership in the sector. In a candid and introspective blog post, Buterin reflected on his journey with Ethereum and expressed his belief that it’s time
