The United States Securities and Exchange Commission (SEC) has doubled its investigation efforts on Terraform Labs by teaming up with the South Korean government to gather more evidence into Terraform Labs’ operations.  SEC And South Korea Against Terraform Labs Terraform Labs, the company behind Terra blockchain and Terra USD stablecoin has been under scrutiny after […]

Amid the SEC vs Ripple case, the United States Securities and Exchange Commission (SEC) has filed an interlocutory appeal on XRP’s security status and has made an inquiry from the US District Court in the Southern District of New York (SDNY) to certify its appeal against Ripple Labs. This significant step in the SEC vs […]

Melbourne-based cryptocurrency lending firm Helio has been subjected to penalties by the Australian Securities and Investment Commission (ASIC) for making false claims about holding an Australian credit license (ACL). Enforced since 2009 through the National Consumer Credit Protection Bill, the ACL mandates strict criteria for entities offering financial services to consumers, extending to crypto lenders […]

Cypher Protocol, a decentralized exchange (DEX) based on the Solana network, has disclosed that more than half of the funds stolen from its platform have been frozen across various centralized exchanges (CEXs). This comes as the latest development in the $1 million exploit of the protocol. On August 7, 2023, Cypher Protocol reported a breach […]

In the last week, CoinMarketCap reports that Ethereum (ETH) has lost 10.31% of its value marking a highly negative performance for the prominent altcoin. However, most of this price loss was driven by a general market crash on Thursday, which saw about $1 billion wiped out from the total crypto market cap.  Interestingly, prominent on-chain analytics […]

Billy Markus, the co-creator of the renowned meme-inspired cryptocurrency Dogecoin, has taken a step into the spotlight once again. He recently engaged with the crypto community on the X social media platform, revealing his personal preferences when it comes to virtual currencies and shedding light on the technical underpinnings of Dogecoin. Markus, who originally developed […]

The United States Securities and Exchange Commission (SEC) has officially filed a motion to certify an interlocutory appeal in the ongoing legal battle against Ripple Labs and its executives.  The motion, submitted to the court, requests certification for two key holdings in the court’s summary judgment order issued on July 13, 2023.  Legal Showdown With […]

Taiwan, known for its technological advances and proactive approach to the digital age, is making another significant stride toward crypto. The island nation recently proposed modifying its regulatory framework, creating a new business category explicitly designed for crypto-related firms. Fostering Self-Regulation In Crypto The Ministry of Economic Affairs has taken the reins on this initiative. […]

According to a recent report by Forbes, Checkout.com, the London-based credit card processing company, has terminated its contract with the largest crypto exchange in the world, Binance, citing concerns over money laundering and compliance issues.  The decision was conveyed through a series of letters sent by Checkout CEO Guillaume Pousaz on August 9 and 11.  […]

Cardano (ADA) saw its price crash alongside the rest of the crypto market on Thursday and those losses have carried on into Friday. As a result of this decline, the profitability of the digital asset has been dealt a serious blow. The altcoin is now the worst performer out of the top 10 cryptocurrencies by […]

The United States Securities and Exchange Commission (SEC) may approve the foremost Ethereum futures exchange-traded funds (ETFs). This news comes amid the rising interests of several financial giants that have filed applications with the US SEC to deploy ETF products based on cryptocurrencies, such as BTC and ETH. Big Victory For Crypto: SEC To Greenlight Ethereum […]