In an advancement announcement, Standard Chartered Bank’s investment and innovation division SC Ventures released a tokenization platform dubbed Libeara. Launching the Libeara positions Standard Chartered Group among the list of companies seeking to capitalize the tokenization of real-world assets (RWA). Lately, the…
The securities and exchange commission (SEC) has given itself an applause for “another highly productive year” in crypto-related charges in 2023. The agency said in a report that it filed 784 total enforcement actions in the fiscal year 2023, including big names…
The crypto industry has reacted to the proposed tax reporting rules put forward by the Treasury. The proposed regulation in collaboration with the Internal Revenue Service (IRS) will require crypto brokers to be treated in the same way as brokers for traditional investments…
As the countdown to April 2024 Bitcoin halving begins, critical players in the crypto sector forecast that the demand for BTC will double down. Michael Saylor, the co-founder of MicroStrategy, anticipates that BTC will increase by ten times before the end of…
As the crypto community ponders the next move for the collapsed Bahamian crypto exchange FTX, the former top executives have established a significant comeback in the digital sector. The return of the former executive aims at identifying the critical areas that went…
In an advanced announcement, hackers launched a malicious attack on the Poloniex hot wallet, draining assets worth $126 million. The hacking incident was first flagged by Peckshield at 10:55 UTC on November 10 after hackers transferred a measurable amount of funds to…
There are high hopes for the approval of a spot Bitcoin ETF in the U.S. This has led to optimism that Bitcoin’s price will rise, so the entire industry is looking forward to the approval. However as decisions on the already submitted…
Analysts at JP Morgan have said the rally in the crypto market is “overdone”, making them doubt the sustainability of the ongoing trend. The analysts led by Nikolaos Panigirtzoglou wrote in a report on Wednesday that said the rally has been fueled…
In a Bloomberg report, the ongoing hype on ChatGPT came to a standstill after bad players launched a distributed denial of service (DDoS) attack. News concerning the attack was shared by OpenAI status update outlining the severity of the attack. The OpenAI…
In an advanced communication, Stackr Labs raised $5.5 million in a seed funding round. The successful fundraising was led by Archetype in collaboration with Scalar Capital. Other companies that supported Stackr included Lemniscap, Celestia Labs and Spartan Group. Also, prominent angel investors…
Chairman of the Commodities Futures Trading Commission (CFTC), Rostin Behnam has called on Congress in the U.S. to take a more critical position in providing guidance to federal agencies on the way forward for crypto regulation. Behman made the call on Wednesday at…
As Asia positions itself as a hotbed for Web3 technologies, key industrial players in the crypto sector have made impressive moves to push for mainstream adoption of crypto and blockchain technologies. On Tuesday, November 7, the best performing Web3 coalition in Vietnam,…
The government of Kazakhstan has blocked access to Coinbase trading platform in the country, citing violations of digital asset laws, a local media report says. According to the reports, the ministry of Culture and Information said the action was related to crypto…
Crypto bank, SEBA Bank has secured a license from Hong Kong’s Securities and Futures Commission for its subsidiary to operate crypto-related services in the city. The license allows SEBA Bank to be a dealer and distributor of all securities, including virtual assets-related…
In an advance report, the Financial Services Commission (FSC) in Mauritius revealed plans to gather valuable inputs from key industrial players on the significance of incorporating the metaverse in the financial sector. With the rapid growth of the financial sector, the FSC…
Ledger wallet users have suffered loss to the tune of $588,000 due to a fake Ledger Live App. blockchain security firm ZachXBT announced this in a tweet on 5 November. The fake app named “Ledger Live web3” was reportedly found on the…
Avraham Eisenberg, the man behind the $116 million Mango Market exploiter, has received an extension to his trial dates after a long legal battle between the government prosecutors and his defense lawyers. As the legal peril facing Eisenberg widened, his lawyers requested…
Bittrex Global CEO Oliver Linch says the UK crypto asset regulation proposals released earlier this week are a step in the right direction. He said the proposal is necessary for the UK to become a true crypto hub. He added that although…
The Dubai Financial Services Authority (DFSA) has approved Ripple’s XRP token for use within the Dubai International Financial Centre (DIFC). As a result, licensed virtual asset firms within the DIFC can now incorporate XRP into their virtual asset services. By this approval,…
The financial regulator in Hong Kong, the Securities and Futures Commission (SFC) has released new guidelines for asset tokenization in the Chinese administrative region. In a circular released on Thursday 2 November, the SFC provided rules for intermediaries engaging in tokenized securities-related…
