XRP On-Chain Volume Surges as Bitcoin Faces Uncertainty

XRP has seen a surge in on-chain volume and development activity, with its sales recently determined to be non-securities. Bitcoin, on the other hand, is facing uncertainty due to fear surrounding the potential rejection of ETF applications. Santiment, a blockchain analytics firm, is closely monitoring the supply of stablecoins held by prominent crypto investors as […]

Bitcoin on Shaky Ground as September Approaches

Bitcoin, the world’s leading cryptocurrency, appears to be facing a challenging September, historically a difficult month for the digital asset. This is due to a combination of factors, including the US Securities and Exchange Commission’s decision to delay its ruling on a Bitcoin spot Exchange-Traded Fund (ETF) and broader macroeconomic concerns.Noelle Acheson, the author of […]

Co-Founders of Gala Games Locked in Court Battle Over $130 Million GALA Token Theft

The co-founders of the blockchain gaming platform Gala Games, Wright Thurston and Eric Schiermeyer, have filed lawsuits against each other in a Utah District Court. Schiermeyer claims that Thurston stole $130 million worth of GALA tokens at the beginning of 2021, while Thurston claims Schiermeyer has been wasting company assets and borrowing money from Gala […]

OKX Crypto Exchange Awaits Final Approval for VASP License in Hong Kong

OKX cryptocurrency exchange is in the final stages of acquiring a virtual asset service provider license (VASP) in Hong Kong. Li Zhikai, the global chief commercial officer of OKX, said that they are actively engaged in a dialogue with the banks and are currently waiting for the group to be issued a license and start […]

South Korea to Track and Freeze North Korean Crypto Assets Used to Fund Weapons Program

The South Korean government is reportedly planning to submit a bill that will track and freeze North Korean crypto and virtual assets used to fund its capital Pyongyang’s illicit weapons program. The bill is said to reflect the country’s president’s beliefs that its cybersecurity framework needs to be repaired. It will also contain ways to […]

South Korea to Track and Freeze North Korean Crypto Assets Used to Fund Weapons Program

The South Korean government is reportedly planning to submit a bill that will track and freeze North Korean crypto and virtual assets used to fund its capital Pyongyang’s illicit weapons program. The bill is said to reflect the country’s president’s beliefs that its cybersecurity framework needs to be repaired. It will also contain ways to […]

Binance Executives Continue to Depart Amid Regulatory Scrutiny

Binance, one of the world’s leading cryptocurrency exchanges, has seen a number of key executives depart in recent weeks amid increasing regulatory scrutiny. Mayur Kamat, the head of product, has confirmed his departure after two years with the company. Kamat, who previously worked at Google and Agoda, was responsible for helping Binance grow from 80 […]

Co-Founders of Gala Games Locked in Court Battle Over $130 Million GALA Token Theft

The co-founders of the blockchain gaming platform Gala Games, Wright Thurston and Eric Schiermeyer, have locked horns in court. Thurston, through his investment company True North United Investments, is accused of stealing $130 million worth of GALA tokens. Schiermeyer is suing Thurston for the return of the tokens and for him to step down from […]

SEC Files Appeal Against Ripple Labs, Ripple Responds in Opposition

Ripple Labs has filed a reply in opposition to the Securities and Exchange Commission’s (SEC) request for an interlocutory appeal against Judge Torres’ ruling in favor of Ripple Labs. Ripple argued that the SEC does not have the right to an appeal as the “exceptional circumstances” required for it are absent. The SEC had argued […]

NPCI Seeks Blockchain Technologist to Investigate Payment System Opportunities

The National Payments Corporation of India (NPCI), an initiative led by the Reserve Bank of India (RBI) and 247 Indian banking companies, is looking for a blockchain technologist to head and investigate opportunities for blockchain in current-day payment systems. The ideal candidate should have at least 6 years of experience in developing and implementing blockchain, […]