The head of the International Monetary Fund (IMF) has called for regulations on cryptocurrencies, citing the risks they pose to financial stability. Speaking at a conference in Seoul, IMF Managing Director Kristalina Georgieva emphasized the need to address the risks associated with crypto assets, noting their increasing popularity and adoption in emerging market economies. Georgieva […]
Ledger, a popular cryptocurrency hardware wallet provider, recently addressed a security vulnerability that affected multiple decentralized applications (DApps) on its platform. The vulnerability stemmed from a phishing attack on a former Ledger employee, enabling a hacker to gain access to the employee’s NPMJS account and upload a malicious version of the Ledger Connect Kit.The malicious […]
Ripple’s Chief Legal Officer, Stuart Alderoty, has provided insights into the future of the cryptocurrency landscape, specifically focusing on 2024. He discussed predictions regarding Ripple’s ongoing legal dispute with the Securities and Exchange Commission (SEC), the potential influence of the judiciary on crypto regulations, and the challenges that may arise in Congress.Alderoty predicts that Ripple’s […]
In a recent development in the ongoing dispute between Coinbase and the US Securities and Exchange Commission (SEC), the SEC has officially denied Coinbase’s request for new regulations regarding digital assets. In response, Coinbase has taken legal action by filing a petition in court to challenge the SEC’s decision.The SEC chairman, Gary Gensler, supported the […]
Grayscale, a prominent cryptocurrency investment firm, is currently assessing the potential tax implications surrounding spot Bitcoin exchange-traded funds (ETFs). This evaluation comes in response to inaccurate reports circulating about unfavorable tax consequences. Grayscale has taken to social media platform X to clarify that retail investors of the Grayscale Bitcoin Trust (GBTC) are not expected to […]
LGT Private Banking has appointed Dushyant Bhatia as the head of key clients and family offices in Dubai. Bhatia, who previously worked as the managing director at Bank of Singapore (BoS) in Dubai for over eight years, brings with him more than 20 years of experience in the banking industry.During his career, Bhatia has worked […]
BlackRock, a prominent investment management company, has made headlines this week with two major developments in the world of technology. Firstly, the company has unveiled its new AI tool, which is set to act as a co-pilot for its operations. This innovative tool is expected to enhance BlackRock’s decision-making processes and improve overall efficiency.In addition […]
The digital tenge, Kazakhstan’s central bank digital currency (CBDC), has successfully completed a month-long pilot project. The pilot run involved various initiatives, including providing schoolchildren with free lunches in Almaty using the local Onay! card, originally designed for the transit system. The Kazpost postal system operator facilitated these transactions.During the pilot, plastic cards were issued […]
Coinbase, the popular cryptocurrency exchange, plans to take legal action against the U.S. Securities and Exchange Commission (SEC) after the regulator rejected Coinbase’s petition for specific regulatory rules for cryptocurrency transactions. Coinbase’s chief legal officer, Paul Grewal, criticized the SEC’s decision, calling it an “abdication of its duty.” Grewal highlighted the need for regulatory clarity […]
The Ethereum community has approved the ERC-3643 standard, which is the first-ever standard designed specifically for compliant tokenization. This new standard improves upon the widely used ERC-20 standard, particularly in securities activities. It enhances ERC-20 tokens with controlled advanced functions and compliance modules.Joachim Lebrum, Chair of the Technology Working Group ERC-3643 Association, stated that the […]
