The United States Securities and Exchange Commission [SEC] filed its “Letter Brief” regarding the list of internal documents, which according to the agency, were protected by the deliberative process privilege [DPP] and attorney-client privilege. According to the filing provided by attorney James K. Filan, SEC claimed that “every single document that will be reviewed byContinue reading “XRP lawsuit: SEC refuses to disclose documents to Ripple, cites privilege, irrelevance”

Many countries have been more than comfortable with the development of a central bank digital currency [CBDC], rather than with adopting cryptocurrency. The United Kingdom [UK] has been one such country working towards regulating the use of cryptocurrencies within the country. The development of its digital pound could pilot within a few years, according toContinue reading “NatWest Bank Chairman has this timeline in mind for UK CBDC Pilot”

The time period given to South Korean cryptocurrency exchanges, for registering with the required authorities is almost over. As per the country’s Financial Intelligence Unit, it was looking closely at the exchanges on the verge of a shutdown. The Financial Intelligence Unit is a part of the country’s financial regulatory body, the Financial Services Commission.Continue reading “South Korea braces to curb ‘sharp increase’ in illegal, crypto-linked activities”

The use of cryptocurrency is rising around the world, but Africa has been a region with high acceptance for crypto, at least among its people. Even though countries like Nigeria were marching against the use of cryptocurrencies, Zimbabwe has opened its gates once again for the new technology. The country’s finance minister, Mthuli Ncube wasContinue reading “Zimbabwe finance minister urges citizens to invest in Bitcoin”

Even though XRP’s status is under SEC’s scrutiny in the United States, the asset was embraced by Ripple Labs’ major partner, the SBI Group located in Japan. Due to this crucial partnership, XRP has not yet been dismissed as a digital asset in the country. This was visible as many exchanges that had earlier delistedContinue reading “SBI-acquired TaoTao exchange in Japan relists XRP”

The cryptocurrency market has hooked the interest of many investors and it could see another wave of large-scale adoption making way. However, this could not just be due to the price volatility of the cryptocurrencies but also the impending decision of the regulators on various crypto products including the exchange-traded funds [ETFs]. The growing numberContinue reading “Rise in institutional demand for Bitcoin, Ethereum, crypto-products, as Grayscale steps up its game”

The Cardano community has been waiting for the upcoming update for a while now. The update will push the network’s ability to run a range of crypto applications which include smart contracts and non-fungible tokens, something everyone wants a piece of. Now, IOHK founder and CEO, Charles Hoskinson noted that the much-awaited update will bringContinue reading “‘Ghost chain’ to ‘ghostbusters,’ Cardano’s Hoskinson gears up for the big day”

The United States Securities and Exchange Commission [SEC] has filed an objection to Ripple’s Motion to seal documents relating to various Ripple meetings. However, the said motion had in fact, already been granted by the court on an “interim basis” earlier. As per the said document filed by the SEC included its request to ,Continue reading “XRP lawsuit: SEC files objection to Ripple’s motion to seal meeting-related documents”

The Central Bank of Nigeria [CBN] is not a fan of Bitcoin. And, this isn’t a fact it has tried to hide either. Although Nigeria is among the top African nations using Bitcoin to transact, the central bank believes the country’s digital currency, e-Naira, could ascribe stability to the banking system. According to reports, FolashodunContinue reading “Nigeria’s central bank advocates e-Naira as a ‘safer alternative’ to Bitcoin”

Bithumb, Coinone, and Korbit, three of South Korea’s most-prominent crypto-exchanges, have finally met the country’s regulatory conditions and reached deals with banks before the 24 September deadline. The same was first revealed by an official from NongHyup Bank. According to the exec, banks have agreed to extend the deal to issue real-name accounts for crypto-tradersContinue reading “South Korea’s ‘big four’ crypto-exchanges secure real-name account deal”

The Cardano community has selected Fluree and Ikigai Technologies to build their metadata sidechain solution – Project Logosphere. The project is funded as a cohort project of Project Catalyst, Cardano’s community fund allocated via public voting. As per the official announcement, Fluree, provider of an immutable semantic graph data platform, announced a partnership with IkigaiContinue reading “Cardano community selects projects to develop metadata sidechain solution”

Chinese trials for its digital currency are going forward with Meituan, a leading e-commerce platform service in China. Meituan will begin airdropping digital yuan “red packets” worth 10 yuan [$1.55] to promote low-carbon travel. The e-commerce platform will start the airdrop today for its customers, with the same continuing till 31 December. As per reports,Continue reading “China’s digital yuan trial extends to E-commerce giant Meituan”