The U.S. Securities and Exchange Commission (SEC) has reportedly decided not to appeal a court ruling regarding Grayscale and its Bitcoin Trust product. Grayscale had sued the SEC after its bid to convert the Grayscale Bitcoin Trust into a Bitcoin ETF was rejected. A federal judge later ruled that the SEC must reconsider the application […]
The Reserve Bank of India (RBI) has launched a pilot program to explore the use of central bank digital currency (CBDC) in the call money market. This initiative aims to facilitate interbank transactions for short-term lending and borrowing. Nine major banks, including State Bank of India and HDFC Bank, are participating in the pilot. The […]
Finance Ministers and Central Bank Governors (FMCBGs) from G20 nations have unanimously adopted the ‘G20 Finance Ministers and Central Bank Governors Communique’ during their meeting in Marrakesh, Morocco. This decision comes after the G20 member nations accepted a crypto regulatory roadmap outlined in a collaborative report by the International Monetary Fund (IMF) and the Financial […]
In a recent development, Terraform Labs, a defunct crypto network, has accused Citadel Securities of intentionally destabilizing its stablecoin, TerraUSD classic (USTC), leading to its downfall in 2022. Terraform Labs has filed a document in a US District Court, requesting Citadel Securities to produce documents related to its trading activities during the time when USTC […]
In a sensational trial that has captivated the crypto world, Sam Bankman-Fried, the founder of FTX, is facing charges of orchestrating a massive fraud. The prosecution alleges that Bankman-Fried was fully aware of the illicit activities taking place within his exchange and hedge fund, Alameda Research. However, his defense argues that he was simply an […]
Oh, what a heartwarming tale of morality and virtue we have here. Gather ’round, folks, as we dive into the heartwarming saga of FTX stock exchange and its founder, the beacon of ethical excellence, Sam Bankman-Fried.In the grand city of New York, Caroline Ellison has come to testify about the bankruptcy of FTX. Shocking revelations […]
Linklogis, a supply chain finance technology company based in the Greater Bay Area in China, has been recognized for its achievements in the industry. Established in Shenzhen in 2016, the company has expanded its operations internationally and has recently entered the Vietnamese market through a joint venture with Standard Chartered. In 2019, Linklogis launched the […]
Latin America has shown a strong preference for centralized exchanges when it comes to cryptocurrency trading, according to a report by blockchain analytics firm Chainalysis. The region ranks seventh in terms of its crypto economy, with countries like Venezuela and Colombia leading the way in centralized exchange usage. Venezuela, in particular, has a 92.5% preference […]
The Open Network (TON) Foundation has partnered with Elliptic, a blockchain analysis firm, to enhance the security and data intelligence of the TON network. Elliptic will screen TON wallet addresses to identify any associated with bad actors, ensuring the protection of TON users and projects. Additionally, Elliptic will assist in promoting Toncoin and getting it […]
In the world of cryptocurrency staking, assessing counterparty risk and compliance is crucial. To ensure a successful staking venture, it is important to conduct thorough due diligence. When evaluating potential counterparties, there are several key questions to consider. Firstly, it is essential to assess the counterparty’s reputation and track record. This can be done by […]
