The UK Financial Conduct Authority (FCA) is set to launch its second crypto sandbox in the first quarter of 2024. This sandbox will have set rules to govern digital securities and will allow companies to set up financial market infrastructures using digital asset technology. The sandbox will be the first financial market infrastructure sandbox deployed […]
MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, has announced a significant investment in The Open Network (TON), the largest layer-1 investment the firm has ever made. This investment works alongside a strategic partnership with The Open Network (TON) Foundation. This symbiotic partnership represents the shared vision of both companies in promoting global […]
MKR, the native token of MakerDAO, has seen a significant 185% increase in its value year-to-date (YTD). This surge is attributed to the successful implementation of incentive schemes aimed at increasing the supply of Dai, such as the Dai Savings Rate and the allocation of US T-Bills by the DAO.The active addresses of MKR have […]
Mizuho lowered its quarterly revenue estimate for Coinbase Global Inc on Wednesday, causing its shares to drop 1.0%. Dan Dolev, a Mizuho analyst, now expects the crypto exchange to report revenue about 7.0% below his previous forecast for the third quarter. He believes that dwindling volumes combined with an expected drought in retail trading will […]
Ripple has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, allowing the fintech firm to provide digital payment token services in the region. This comes after Coinbase secured a similar license in Singapore, highlighting the city state’s interest in becoming a major crypto hub in Asia. Ripple CEO Brad Garlinghouse […]
Sam Bankman-Fried, former CEO of FTX, is currently facing criminal trial. On October 4th, jury selection was completed with 12 jurors and 6 alternates. The jury selection process was rigorous and the potential jurors had diverse backgrounds. If found guilty, Bankman-Fried could face a sentence of more than 100 years in prison. The defense team […]
Sam Bankman-Fried, the founder of FTX, was arrested in the Bahamas in December 2022 and extradited to the United States to face fraud and conspiracy charges. His trial has now started in the Southern district of New York.Sam was born to Stanford law professors who championed utilitarianism and embraced the principles of effective altruism. He […]
The XRP price has seen a surge in the past 24 hours, with a 4.61% increase in value. This is due to a combination of the overall market strength and positive news surrounding the Ripple ecosystem. Ripple recently scored a win in court, as the SEC’s interlocutory appeal motion was dismissed by federal Judge Analisa […]
Litecoin (LTC) is enjoying a wave of bullish sentiment as the crypto community embraces Uptober. At the start of the month, the digital asset surged to reach $70, the first time since mid-August. This performance has mirrored that of Bitcoin (BTC), which initially surged to climb above $28,000. At the time of press, LTC is […]
Ripple, a prominent name in the crypto sector, has recently achieved another success in its ongoing legal battle against the U.S. Securities and Exchange Commission (SEC). Judge Analisa Torres denied the SEC’s motion for certification of interlocutory appeal and dismissed their request for a stay. This means that the lawsuit will proceed without any further […]
