California Governor has approved a new regulatory framework for cryptocurrencies, known as the Digital Financial Assets Law. Under this legislation, individuals and businesses involved in digital asset activities will be required to obtain a regulatory license, similar to banks and money transmitters. This move aims to bring more oversight and control to the crypto industry […]
An XRPL analytical resource has revealed that the adoption of Ripple’s XRP cryptocurrency is still in its early stages. According to the data, 77% of XRP wallets hold less than 500 XRP tokens, indicating a low level of ownership among users. This suggests that there is significant potential for broader adoption of XRP in the […]
Top US cryptocurrency exchange Coinbase is pressuring the US Securities and Exchange Commission (SEC) to respond to a rulemaking petition it submitted last year. Coinbase is seeking clarification from the SEC on how securities laws apply to digital assets. The exchange’s chief legal officer, Paul Grewal, criticized the SEC’s previous update on the matter as […]
A new hook has been introduced on the open-source directory for Uniswap V4 hooks, causing controversy in the crypto community. This hook allows users to undergo Know Your Customer (KYC) checks before trading on a pool. However, some users are criticizing the hook, expressing concerns that it could lead to decentralized finance protocols being whitelisted […]
The U.S. Securities and Exchange Commission (SEC) has reportedly decided not to appeal a court ruling regarding Grayscale and its Bitcoin Trust product. Grayscale had sued the SEC after its bid to convert the Grayscale Bitcoin Trust into a Bitcoin ETF was rejected. A federal judge later ruled that the SEC must reconsider the application […]
The Reserve Bank of India (RBI) has launched a pilot program to explore the use of central bank digital currency (CBDC) in the call money market. This initiative aims to facilitate interbank transactions for short-term lending and borrowing. Nine major banks, including State Bank of India and HDFC Bank, are participating in the pilot. The […]
Finance Ministers and Central Bank Governors (FMCBGs) from G20 nations have unanimously adopted the ‘G20 Finance Ministers and Central Bank Governors Communique’ during their meeting in Marrakesh, Morocco. This decision comes after the G20 member nations accepted a crypto regulatory roadmap outlined in a collaborative report by the International Monetary Fund (IMF) and the Financial […]
In a recent development, Terraform Labs, a defunct crypto network, has accused Citadel Securities of intentionally destabilizing its stablecoin, TerraUSD classic (USTC), leading to its downfall in 2022. Terraform Labs has filed a document in a US District Court, requesting Citadel Securities to produce documents related to its trading activities during the time when USTC […]
In a sensational trial that has captivated the crypto world, Sam Bankman-Fried, the founder of FTX, is facing charges of orchestrating a massive fraud. The prosecution alleges that Bankman-Fried was fully aware of the illicit activities taking place within his exchange and hedge fund, Alameda Research. However, his defense argues that he was simply an […]
Oh, what a heartwarming tale of morality and virtue we have here. Gather ’round, folks, as we dive into the heartwarming saga of FTX stock exchange and its founder, the beacon of ethical excellence, Sam Bankman-Fried.In the grand city of New York, Caroline Ellison has come to testify about the bankruptcy of FTX. Shocking revelations […]
