Ripple has secured another win against the SEC in court, with the trial date set for April 23, 2024. The outcome of this case could have a large impact on the crypto industry, potentially redefining regulatory guidelines on what is considered a security. Recently, Ripple introduced the controversial Clawback feature, was recognized in the Fintech […]
JPEX, a cryptocurrency exchange, has recently announced its intention to transition into a decentralized autonomous organization (DAO). This move has sparked controversy and frustration among some users, who claim their assets were converted without their consent. The exchange is also facing scrutiny from authorities in Hong Kong, who have arrested multiple individuals associated with the […]
Binance, one of the world’s leading cryptocurrency exchanges, has recently exited the Russian market. This has caused a surge in clients seeking alternative platforms for their cryptocurrency trading needs. CommEX, the company that assumed Binance’s operations in the country, was initially projected to attract approximately one million clients. However, it has been encountering difficulties in […]
JPEX, a crypto exchange, has proposed a plan to transition the platform into a decentralized autonomous organization (DAO) and convert user assets to dividend shares with an incentive to lock them up for two years. The voting for the plan was completed on Sept. 28, with 68% of users voting in favor. The scheme involves […]
A jury of 12 individuals, nine of whom are women, have been selected to decide the fate of former FTX CEO Sam Bankman-Fried. The jurors range in age from the early 30s to the late 60s and come from various industries, including health, financial, legal, IT, and education. Five of them are university-educated. The potential […]
Steven Schoenfield, a former managing director at BlackRock, the world’s largest asset manager, and current CEO of MarketVector Indexes, believes that the US Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund (ETF) within the next three to six months. This is a shift from his previous outlook of nine to twelve […]
The Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC) have established a joint working group to tackle illicit crypto exchange activities. This comes after 11 people were detained for questioning in connection to the Dubai-based JPEX exchange, which the SFC has accused of operating without a license.The working group will share […]
The US Securities and Exchange Commission (SEC) has urged a federal judge to reject Coinbase’s motion to dismiss the regulator’s lawsuit against the prominent cryptocurrency exchange. The SEC is attempting to leverage the Terraform Labs ruling to raise questions about the court’s decision in the Ripple case, which was widely celebrated by the crypto industry. […]
JPEX, a Hong Kong-based cryptocurrency exchange, has reportedly begun to restrict withdrawals by converting user balances to a non-withdrawable cryptocurrency, according to The South China Morning Post. An unidentified user claimed that her Tether (USDT) holdings along with those of others had been converted into JPC, JPEX’s own token, rendering them unable to withdraw their […]
The Bank for International Settlements (BIS) has launched Project Atlas, a proof of concept aimed at exploring the economic impact of crypto assets and decentralized finance. The project is a combined effort of the BIS Innovation Hub Eurosystem Centre, De Nederlandsche Bank, and the Deutsche Bundesbank. It seeks to streamline the data collection process from […]
