A Chinese court has ruled that crypto lending falls outside the protection of the country’s legal system. The Nanchang People’s Court dismissed a lawsuit brought by an individual named Mr. Ming against Mr. Gang, who had defaulted on a loan of 80,000 Tether (USDT) for stablecoin trading. The court stated that Mr. Ming needed to […]
A group of major technology companies, including Adobe, Microsoft, and Intel, have joined forces to tackle the issue of deepfakes and AI-generated synthetic media. The Coalition for Content Provenance and Authenticity (C2PA) aims to establish an open standard that can verify the origins and authenticity of online content. By developing metadata tools, the coalition hopes […]
Cardano founder Charles Hoskinson has addressed the controversy surrounding Ethereum’s alleged bribery of the US Securities and Exchange Commission (SEC) in an Ask-me-Anything (AMA) session. The theory, known as ETHGate, suggests that Ethereum executives lobbied SEC officials to secure favorable regulation for the ETH token. However, Hoskinson argues that the activities leading up to SEC […]
The spot trading volume of Coinbase, one of the largest crypto exchanges in the United States, has experienced a significant decline, dropping by over 50%. This decline indicates a shift in interest in crypto trading. According to analysis from digital asset data provider CCData, Coinbase recorded approximately $76 billion in spot trading volume for the […]
ARK Invest/21Shares has submitted an updated version of its spot Bitcoin Exchange-Traded Fund (ETF) prospectus, indicating a significant step forward in the approval process. The move comes after the SEC reached out to issuers with comments and questions about their S-1 filings. The updated prospectus addresses concerns raised by the SEC, particularly regarding Net Asset […]
BarnBridge, a decentralized autonomous organization (DAO), has unanimously decided to comply with potential demands from the United States Securities Exchange Commission (SEC). The DAO’s members voted to pay fines if necessary and nominated Tyler Ward and Troy Murray as special delegates to handle interactions with the regulator. Douglas Park will continue to serve as the […]
The Open Network (TON) is a decentralized blockchain platform developed by Telegram. It was designed to offer a wide range of services and applications, including decentralized finance (DeFi) and non-fungible tokens (NFTs). TON is described as an advanced, decentralized supercomputer capable of processing millions of transactions in a fraction of a second. It consists of […]
A recent amendment to the joint spot Bitcoin exchange-traded fund (ETF) application by ARK Invest and 21Shares is seen as a positive sign of progress and potential approval. The amendment includes additional information about the proposed ETF, addressing concerns raised by the Securities and Exchange Commission (SEC). Bloomberg senior ETF analyst Eric Balchunas believes that […]
In a recent development, a Brazilian congressional committee has recommended the indictment of Binance CEO Changpeng “CZ” Zhao and three other Binance executives following an extensive investigation into financial pyramid schemes in Brazil. The committee’s report alleges fraudulent management practices, operating without sufficient authorization, and offering securities trading without approval against Zhao, Daniel Mangabeira, Guilherme […]
Decentralized finance (DeFi) is currently not a significant threat to overall financial stability, but it does require monitoring, according to the European Union’s financial markets and securities regulator, the European Securities and Markets Authority (ESMA). In a recent report titled “Decentralized Finance in the EU: Developments and Risks,” the ESMA discussed the benefits and risks […]
