In its most recent filing, the United States Securities and Exchange Commission [SEC] has expressed its intent to file a motion to compel Ripple to produce relevant video and audio-taped recordings of the meetings among current and former Ripple executives and key employees. #XRPCommunity #SECGov v. #Ripple #XRP The SEC has filed a Motion toContinue reading “XRP Lawsuit: SEC wants access to Ripple’s internal staff meetings’ recordings”

“Bitcoin futures instruments are not always the best proxy for what is happening on the spot market given the unique idiosyncrasies in the futures market prices can be much more volatile. The crypto community has long awaited an ETF backed by Bitcoin or other cryptocurrencies. Even as countries like Brazil, Canada, and Dubai have approvedContinue reading “Why Bitcoin futures ETFs may not be the ‘best proxy’ for spot market movements”

Amid South Korea’s growing regulatory woes, Bithumb, CoinOne, and Korbit, three of the nation’s four largest cryptocurrency exchanges have joined hands to tackle these challenges. The companies, have launched a joint venture aimed at developing solutions to comply with the Financial Action Task Force’s (FATF) crypto travel rule. The travel rule is a global standardContinue reading “South Korea exchanges Bithumb, CoinOne, Korbit join forces to de’CODE’ regulations”

Central Bank Digital Currencies (CBDC), which are state-backed cryptocurrencies, have been all the rage within governments all over the world as many have joined the race to develop their own. However, even as states might perceive it as a viable alternative to the existing decentralized digital assets, citizens might not always look at it inContinue reading “Is the proposed UK CBDC ‘Britcoin,’ more ‘harmful than beneficial’”

Binance appointing new personnel in leadership positions, has been a repeated occurrence in the recent past. Leigh Travers, former chief executive at DigitalX, joining Binance Autralia as its new CEO, is the latest update on that front. In its official announcement, Binance Australia revealed that Travers, who previously worked with the Australian blockchain technology andContinue reading “Binance reiterates ‘commitment to compliance, best practice,’ with new appointment”

Dubai and the larger UAE have long been touted as rising tech and innovation hubs, providing entry points into Asia and Middle Eastern markets. With exponential developmental growth in the past decades, Dubai is now considered one of the fastest-growing metropolitan areas in the world. It would then not be surprising for some to speculateContinue reading “This is driving Dubai’s cryptocurrency market to do ‘fantastically well’”

Ethereum has been receiving a lot of positive encouragement lately, thanks to the development activity. It is no wonder then that venture capitalist Bill Gurley recently championed the use of Ethereum and praised the network’s community. In an interview with Bloomberg, the investor espoused Ethereum while clarifying that his support for the network is personal.Continue reading “Why Ethereum is the ‘the smarter way to play’”

Regulating Bitcoin or any other cryptocurrencies has already been a difficult task for regulators worldwide. Now, the addition of decentralized protocols has only added to the woes. A recent study found that the US leads the way in terms of DeFi adoption worldwide. However, a regulatory framework for these platforms might be a long wayContinue reading “Defi: Here’s why it’s necessary to minimize legal and financial risks”

Two weeks ahead of El Salvador’s official adoption of Bitcoin as legal tender, another Latin American nation has decided to officiate the use of cryptocurrencies. According to recent reports, the Cuban government has said that it wants to “recognize and regulate” the use of digital assets in the nation. A resolution was published in theContinue reading “Cuba agrees to regulate, recognize cryptos citing ‘socio-economic interest’”

The crypto-community has long been plagued by scams and frauds. Especially since people have often come up with ingenious ways to rip users off their crypto-holdings. A recent example from Turkey is a case in point. According to Turkish media reports, a scam involving Dogecoin has allegedly amassed fraudsters $119 million in deposits. Local channelContinue reading “Turkey: This Dogecoin mining scam may have duped investors to the tune of $119M”

Spain’s central bank is all set to roll out the new registration process for crypto-exchanges by September-October. Exchanges, along with crypto-asset custody platforms and wallets, will be required to register with authorities in order to comply with legal requirements. This, the institution believes, will address transparency and terrorism financing issues. The aforementioned steps are mandatedContinue reading “Spain: Here are the latest regulatory requirements for crypto-exchanges”

The Indian central bank has always been particularly wary of the cryptocurrency industry. According to former Reserve Bank of India Governor Raghuram Rajan, however, cryptos definitely have a “potential future.” Speaking at the Reuters Global Markets Forum, the economist opined that while cryptocurrencies have highly fluctuating values, they might be useful as means of paymentContinue reading “Former IMF exec: ‘I am not going to say Bitcoin is going to implode tomorrow’”