Ripple (XRP) delisted on exchanges due to SEC lawsuit

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple. The FinTech company is accused of selling unlicensed securities in the form of its XRP tokens. Exchanges and asset managers are removing the cryptocurrency from their offerings. Last week, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, CEO Brad Garlinghouse […]

Tether regulation proposal “apocalyptic” for crypto

Unregulated stablecoins such as Tether face increasing regulatory pressure from the US government. A new bill called the Stable Act is stirring anxiety in crypto circles. It could effectively put an end to billions of dollars of transactions and throw the industry back several years. The Act calls for banking licenses for stablecoin issuers such as Tether. It […]

CME Group will launch Ether futures in February 2021

The world’s largest financial derivatives exchange, CME Group, is planning to launch futures for Ether (ETH) next year. The first cryptocurrency they have listed was Bitcoin (BTC) in late 2017, Ether will be the second one due to increasing client demand, according to CME. CME Group, the world’s leading derivatives marketplace, announced that it intends to launch Ether (ETH) […]

Swiss DLT regulatory framework implementation about to be completed

The regulatory framework for the Distributed Ledger Technology (DLT) in Switzerland was being worked out for years already. The adaption of Swiss law is now getting to the final stages, with overwhelming support from the Federal Council, and expected to be completed in 2021. Switzerland has been developing a regulatory framework for DLTs since 2014, following the principle […]

NFT Digital Art Collection sells for almost $800,000

We’ve just witnessed the biggest purchase of a blockchain-based digital artwork collection in history, smashing the previously held record by hundreds of thousands of dollars. The artist behind this historic sale is Mike Winkelmann who works under the moniker ‘Beeple.’ Beeple broke the record for the largest sale of a blockchain-based collection of digital artwork by hundreds […]

The world’s first bank to issue its shares on a distributed ledger

Sygnum has successfully tokenized its shares, becoming the world’s first bank to issue its shares on a distributed ledger. Tokenization of its own shares lays the foundation for their future public offering, which includes a potential dual listing in partnership with SIX Digital Exchange (SDX). In a world’s first for a bank, Sygnum today announced the successful […]