Crypto Industry Mobilizes Support for Crypto-Friendly Candidates in 2024 Elections

The US cryptocurrency industry is rallying behind political candidates who support crypto-friendly policies. Through the Fairshake Political Action Committee (PAC), a non-profit organization advocating for social and economic justice, over $78 million has been raised from leading venture firms, exchanges, and crypto industry leaders. Notable contributors include Andreessen Horowitz, Ark Invest, Coinbase, Circle, and Ripple, […]

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OKX Urges iOS Users to Update Immediately for Enhanced Account Protection

A security vulnerability in the iOS applications of cryptocurrency exchange OKX has been identified by blockchain security firm CertiK. The flaw could potentially allow hackers to gain unauthorized access to users’ personal data and cryptocurrencies. CertiK urged OKX users to update their apps promptly to mitigate the risks. OKX swiftly addressed the vulnerability and released […]

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Revelations of Pre-Mined ETH Distribution Threaten Ethereum’s Stability

More details have emerged about Ethereum’s Initial Coin Offering (ICO), with revelations from an insider that could potentially destabilize the Ethereum ecosystem. Former Ethereum core developer Lane Rettig recently made a video in which he claimed that 70% of pre-mined ETH was immediately distributed, with the majority going to the Ethereum founders.These revelations have reignited […]

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UK Allows FCA and Bank of England to Launch Digital Securities Sandbox

The United Kingdom has introduced new regulations that allow the Financial Conduct Authority (FCA) and the Bank of England (BoE) to operate a sandbox for tokenized securities. The Digital Securities Sandbox (DSS) regulations, which will take effect on January 8, 2024, enable UK-based investment exchanges, investment firms, central securities depositories, and recognised central counterparties to […]

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Swiss Bankers Association Cautious in Response to Finma’s Analysis of Credit Suisse Crisis

The Swiss Bankers Association (SBVg) has responded cautiously to the lessons learned from the Credit Suisse crisis, staying true to its previous stance that a thorough analysis is necessary before any potential regulatory changes are made. The analysis and self-assessment by the Swiss Financial Market Supervisory Authority (FINMA) regarding the downfall of Credit Suisse has […]

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Extradition Approval for Terraform Labs Founder Do Kwon Revoked Due to Procedural Irregularities

The Appellate Court of Montenegro has revoked the extradition approval for Do Kwon, the founder of Terraform Labs, following an appeal by his defense attorneys. The court cited procedural irregularities in the legal process as the basis for its decision, raising questions about the extradition requests from the United States and South Korea.Kwon’s detention has […]

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UBS and Credit Suisse: Bonuses Under Scrutiny

The Swiss financial regulator, Finma, has attributed the downfall of Credit Suisse to its compensation systems. According to a report by Finma, the bank’s bonus system failed to prevent losses or encourage good behavior. The report also highlighted governance issues as a major factor in the bank’s collapse.Finma stated that it had utilized all available […]

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Ripple and Metaco Merger Signals Operational Evolution and Potential Impact on XRP Community

Ripple and Metaco, two companies driving the adoption of the XRPL (XRP Ledger), are joining forces to offer tokenization and digital custody solutions to global banks. The recent appointment of Adrien Treccani, former CEO of Metaco, as Senior Vice President of Product at Ripple suggests a possible evolution in the operational strategy between the two […]

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Hex Trust Integrates MetaMask Institutional to Enhance DeFi Access and Security

Hex Trust, an institutional-grade digital asset custodian, has integrated MetaMask Institutional (MMI) into its platform to provide users with direct access to over 17,000 decentralized finance (DeFi) applications. This integration aims to simplify DeFi portfolio management for clients while ensuring compliance with regulatory standards.MMI offers various advanced features, including comprehensive portfolio management, robust transaction reporting […]

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