Kumo
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11 months, 2 weeks ago
Singapore Launches Pilot Program for Central Bank Digital Currency (CBDC)
The Monetary Authority of Singapore (MAS) has announced a pilot program for a Singapore Central Bank Digital Currency (CBDC) for bank settlements. This marks a shift from previous simulations to real-world trials…
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11 months, 2 weeks agoSingapore's Central Bank Launches Pilot Program for Wholesale CBDC
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced a pilot program for a live Singapore dollar-based central bank digital currency (CBDC). This wholesale CBDC will be used by local b…
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11 months, 2 weeks agoNew York Department of Financial Services Issues Updated Crypto Listing and Delisting Regulations
The New York Department of Financial Services (NYDFS) has issued updated regulations for the listing and delisting of virtual currencies. These regulations build upon previous rules and include clearer definitions…
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11 months, 2 weeks agoHong Kong Exchanges Enhance Security Measures and Seek Altcoin Listings, The Block Receives $60 Million Investment, Chinese Court Rules Against Crypto Protection, Philippines to Issue Tokenized Bonds
Hong Kong-based crypto exchange Hashkey has introduced insurance coverage for its clients’ assets stored in hot and cold wallets. The policy will cover 50% of assets in cold wallets and 100% of assets in hot w…
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11 months, 2 weeks agoPhilippines Introduces Tokenized Treasury Bonds, Paving the Way for Digital Finance Era
The Philippines is making a significant move towards a digital era in finance by introducing tokenized treasury bonds. The Bureau of the Treasury plans to offer 10 billion pesos (approximately $179 million) in…
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11 months, 2 weeks agoSouth Korean Politician Agrees to Liquidate Bitcoin Holdings Amid Conflict of Interest Allegations
Representative Kim Nam-Kuk, a lawyer and politician from South Korea, has agreed to sell his cryptocurrency assets in response to allegations of improprieties and a conflict of interest. The decision comes as Kim…
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11 months, 2 weeks agoDeveloper of Mutant Ape Planet NFT Collection Pleads Guilty to $3 Million Fraud
A French citizen residing in the United Arab Emirates, Aurelien Michel, has pleaded guilty to charges of conspiracy to commit wire fraud in connection with his Mutant Ape Planet non-fungible token (NFT) collection.…
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11 months, 2 weeks agoTether Plans $500 Million Investment in Bitcoin Mining Operations
Tether Holdings Ltd, the stablecoin giant, is planning to invest $500 million into Bitcoin mining operations. This move marks a significant diversification of Tether’s core business and could have a major impact o…
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11 months, 2 weeks agoCoinShares Expands into US Market with Valkyrie ETF Acquisition
CoinShares, a major European asset manager, has secured an exclusive option to acquire Valkyrie’s crypto-focused exchange-traded funds (ETFs) by March 31, 2024. This deal allows CoinShares to purchase 100% of V…
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11 months, 2 weeks agoPresidential Candidate Ramaswamy Vows to Roll Back Crypto Regulations and Reduce SEC Powers
Republican presidential candidate Vivek Ramaswamy has unveiled his cryptocurrency policy framework, promising to dismantle federal regulations and reduce the workforce of regulatory bodies like the SEC and the CFTC…
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11 months, 2 weeks agoTexas and Alabama Regulators Accuse GS Partners of Fraud in Metaverse Crypto Schemes
Securities regulators in Texas and Alabama have accused GS Partners, Swiss Valorem Bank, and related entities controlled by Josip Heit of fraudulently raising millions from investors in multiple crypto schemes. The…
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11 months, 2 weeks agoBlackRock Files Registration Statement for Ethereum ETF with SEC
The Securities and Exchange Commission (SEC) has received a registration statement from BlackRock for an exchange-traded fund (ETF) that will hold ETH, the native token of the Ethereum network. The iShares Ethereum…
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11 months, 2 weeks agoBlackRock Files S-1 for Ethereum ETF, Aims to Expand Crypto Offerings
BlackRock, the world’s largest asset manager, has filed a registration statement and prospectus with the Securities and Exchange Commission (SEC) for an Ethereum-based exchange-traded fund (ETF). The proposed E…
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11 months, 2 weeks agoBlackRock Files for Ethereum ETF with SEC, Boosts Ether Price
BlackRock, the world’s leading asset management firm, has officially filed an application with the U.S. Securities and Exchange Commission (SEC) to create an Ethereum spot exchange-traded fund (ETF). The ETF, c…
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11 months, 2 weeks agoCongress Members Call for Clarification on Enforceability of SEC Accounting Bulletin for Crypto Custodians
Several members of Congress have submitted a memo urging financial authorities to clarify that SEC Staff Accounting Bulletin 121 (SAB 121) is not enforceable. The memo argues that SAB 121 should have no legal…
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11 months, 2 weeks agoBlackRock Files for Ether ETF, Expanding Crypto Offerings
BlackRock, the world’s largest asset manager, has filed for an Ether Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This move comes after BlackRock registered the i…
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11 months, 2 weeks agoPaxos Receives Regulatory Approval to Launch USD Stablecoin in Singapore
Paxos, a blockchain platform, has received in-principle approval from the Monetary Authority of Singapore (MAS) to launch a US dollar stablecoin in Singapore. This move marks the expansion of Paxos Digital…
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11 months, 2 weeks agoRipple's Potential Fine by SEC Could be Substantially Reduced, Suggests Attorney John Deaton
Attorney John Deaton has offered a fresh perspective on the legal confrontation between Ripple and the SEC, potentially changing the course of the dispute. Deaton argues that Ripple’s potential $770 million fine c…
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11 months, 2 weeks agoNew York Department of Financial Services Introduces New Crypto Regulations to Enhance Consumer Protection and Transparency
The New York Department of Financial Services (NYDFS) has issued new guidance on crypto regulations in an effort to protect consumers and increase transparency in the crypto industry. The proposed measures require…
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11 months, 2 weeks agoBinance Expands to Thailand with Gulf Binance Partnership
Binance, the world’s largest cryptocurrency exchange, is expanding its operations to Thailand with the launch of “Gulf Binance” in 2024. The exchange has partnered with Gulf Innova, a subsidiary of Thai congl…
