Crypto

In a significant development in cryptocurrencies, a jury in the United States District Court for the Southern District of New York found Terraform Labs and Do Kwon liable for defrauding investors in crypto asset securities. In an April 5 announcement, SEC Enforcement Director Gurbir Grewal said jurors in the U.S. District Court for the Southern […]

Ripple, the enterprise blockchain company behind the XRP Ledger, has announced its intention to launch a new stablecoin pegged to the value of the U.S. dollar. According to Ripple’s statement, the stablecoin market has experienced significant growth, currently exceeding $150 billion, and is forecasted to surpass $2.8 trillion by 2028. The company stated that the […]

On April 5, crypto exchange Binance unveiled more stringent Know Your Customer (KYC) measures. Starting from April 20, users who have not submitted the required KYC information will no longer be able to access their sub-accounts created as part of the Binance Link program. This measure will affect the sub-accounts created solely for depositing cryptocurrencies. […]

To tighten the reins on the crypto market, South Korean authorities are keen on imposing stringent token listing guidelines on centralized crypto exchanges as early as “next month,” a local media reported on Friday. The Financial Supervisory Service (FSS) has been working on the new guidelines since the second half of last year. During this […]

Bitcoin Cash, the biggest Bitcoin fork, finished its halving earlier this Thursday, according to data from BTC.com. The controversial fork launched in August 2017 and increased the block size to 32 megabytes to make payments more efficient. Bitcoin Cash reached its highest price of $3,324 in late December 2017, but the hype was short-lived due […]

While some majors of Wall Street have welcomed cryptocurrencies, Goldman Sachs has expressed its intention to take a different approach. Sharmin Mossavar-Rahmani, the CIO (Chief Investment Officer) for the Bank’s Wealth Management unit, has warned against cryptocurrencies, stating that the industry is still young and insecure. However, Sharmin has been against cryptocurrencies for a long […]

Tether, the issuer of the largest stablecoin USDT, has announced the successful completion of  System Organization Control (SOC) 2 Audit Type 1, demonstrating its commitment to offering a secure user experience. The audit, developed by the American Institute of Certified Accountants (AICPA), is the highest level of security compliance an organization can achieve. Paolo Ardoino, […]

The Tron Foundation, the entity behind the layer-1 blockchain Tron, has filed a motion in a New York federal court to dismiss a lawsuit brought against it by the United States Securities and Exchange Commission (SEC). The Foundation argues that the SEC’s case targets “predominantly foreign conduct” beyond the regulator’s jurisdiction. In its March 28 […]

Telegram, a leading messaging platform, announced on March 31 that users can now buy in-app advertisements using Toncoin, the native token of the TON blockchain. This feature is part of Telegram’s latest user monetization update that distributes 50% of the revenue from ads displayed in public Telegram channels to their owners. According to the company, […]