Crypto

The Securities and Exchange Commission (SEC) admitted that it had made false statements in its legal brawl with crypto startup DEBT Box. However, the regulator is not shifting its defense on its move to keep the company’s assets frozen. The controversy flared, as in November, Utah’s top federal judge Robert J. Shelby chastised SEC lawyers […]

Solana (SOL) experienced a robust surge in price and interest lately, sparking concerns about the sustainability of its rally. However, a recent development within the Solana ecosystem may solidify its bullish momentum. On December 22, Paxos made a pivotal move by expanding to Solana and transitioning its stablecoin, USDP, from Ethereum. New York’s Department of […]

The president of Turkey, Recep Tayyip Erdoğan, has reportedly appointed crypto and blockchain expert Prof. Dr. Fatma Özkul to the central bank’s monetary body. A decree nominating Özkul was released on December 22, according to Bloomberg. Özkul has been a faculty member at Marmara University Faculty of Business Administration, Department of Accounting and Finance since […]

The Central Bank of Nigeria (CBN) has officially lifted restrictions on Nigerian banks facilitating cryptocurrency transactions. This move comes nearly two years after the CBN imposed a comprehensive ban on banks engaging with digital currencies. In a circular sent to banks on Dec. 22, the CBN acknowledged that the increasing global demand and acceptance of […]

Chainlink unveiled strategic initiatives to bridge traditional finance and blockchain, marking a significant move towards integrating digital and traditional asset markets, in its Q4 product update on December 19. The crypto oracle provider outlined plans to support the virtual tokenization of Real World Assets (RWAs) on the blockchain. The key to Chainlink’s strategy is the […]

A court in the British Virgin Islands has issued an order freezing about $1.14 billion in assets belonging to the co-founders of Three Arrows Capital (3AC). The court has banned co-founders Su Zhu and Kyle Davies, as well as Davies’ wife Kelly Chen, from selling or transferring the assets, according to the firm’s liquidator Teneo, […]

Worldcoin, co-founded by OpenAI CEO Sam Altman, has shut off its Orb-verification service in India, France, and Brazi, according to a report by Moneycontrol on Dec. 21. This move comes shortly after the firm introduced its unique eyeball-scanning device to these countries. 🚨 Scoop: Sam Altman's Worldcoin discontinues offline Orb verification services in India Sam […]

A new report from professional services firm PriceWaterhouseCoopers (PwC) indicates that over 40 countries are actively advancing crypto-focused regulations. This trend is expected to shape the regulatory landscape for cryptocurrencies in 2023. The ramped-up regulatory activity is an early signal of a possible worldwide embrace of digital currencies. At the same time, governments try to […]

Ethereum is riding the wave of a storm of backlash. It’s worth against BTC and Solana on Crypto X December 20, at essentially one-twentieth its value going into last year’s holidays. With declines like this, not seen since April 28 of last year, concerns have been voiced in the past about where Ethereum is headed–and […]