Yield Protocol, a prominent player in the Decentralized Finance (DeFi) space, recently announced its decision to wind down its operations. This marks the end of an era for Yield Protocol, as it will not be launching its March 2024 fixed-rate series, and all borrowing and lending activities will cease by December 31, 2023. The team […]
John E. Deaton, a lawyer known for his pro-XRP stance, has hinted at a potential significant defeat for the Securities and Exchange Commission (SEC) in its ongoing case against Coinbase. Deaton believes that the odds of Coinbase winning the motion to dismiss have improved to 50%, which is an extraordinarily high percentage for victory. He […]
The US District Court for the Southern District of New York has denied the Securities and Exchange Commission’s (SEC) motion for an interlocutory appeal in its case against San Francisco-based blockchain tech company Ripple Labs. The judge noted that the issues at hand involve complex factual and economic analyses, and that the SEC did not […]
CryptoQuant’s research suggests that the peak of Bitcoin’s bull market is still far away, providing investors with an opportunity to enter the ecosystem. The interest in BTC has been gradually increasing since June 2021, likely due to events such as BlackRock’s intention to launch a spot BTC in the US and the overall revival of […]
South Korea is joining a growing number of countries researching central bank digital currencies (CBDCs). The Bank of Korea (BOK), Financial Services Commission (FSC), and Financial Supervisory Service (FSS) announced a pilot project to explore the technical infrastructure for a digital currency. The project will assess the viability of a future monetary system based on […]
Ripple has achieved a major legal victory in Singapore, with the Monetary Authority of Singapore (MAS) granting the company a license to operate as a digital payment token services provider. This development has opened the door for Ripple to expand its operations across the Asia Pacific region.The news has been well-received by the cryptocurrency community, […]
Binance has announced the discontinuation of borrowing and lending services for its native stablecoin, Binance USD (BUSD). The move is part of a phased termination of BUSD-related services, culminating in a complete cessation expected by February 2024. All outstanding BUSD loan and collateral positions will be closed by the end of October 2023.Users who have […]
Ripple’s XRP token saw a 5% surge in value, reaching $0.53018, following the company’s significant victories during the reporting period. Ripple’s subsidiary, Ripple Markets APAC Pte Ltd, secured a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS) to provide digital payment token services in the country. Additionally, Judge Analisa Torres rejected […]
Banque de France has embraced the global perspective on the central bank digital currency (CBDC) discussion, touting it as a foundation of the new international monetary system. Denis Beau, First Deputy Governor at Banque de France, believes that CBDCs could improve cross-border payments by enabling the build-up of a new international monetary system. He sees […]
The United States District Court for the Southern District of New York is continuing with the sentencing of the key individuals behind the AirBit Club cryptocurrency Ponzi scheme. On October 3, Scott Hughes, Cecilia Millan and Karina Chairez were sentenced to 18 months, five years and one year and one day in prison respectively. All […]
