A recent ruling by Judge Philip Jeyaretnam of the High Court of Singapore surprised the crypto community, as the judge declared that digital currencies are not different than fiat money. The ruling took place on July 25th, and the judge decided that crypto is a form of property eligible for trust status…. Read More: Singapore…
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Major blue chip cryptocurrencies for the most part remain within this week’s ranges, with bitcoin (BTC) in the low $29,000s and ether (ETH) in the mid-$1,800s, as traders continue to digest Wednesday’s Fed policy announcement. The Fed lifted interest rates by 25 bps as expected to 5.25-5.5%, their highest level in 22 years and left…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: BNB Chain Report Shows Web3 Growth Despite Bear Market, Beam Wallet Leveraging Optimism and Base Launches, Binance Withdraws its Crypto License Application in Germany Read more »Sign up…
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The Russian business community and financial experts have spoken about the potential pitfalls – and possible advantages – of a digital ruble as Moscow prepares for the August launch of a CBDC pilot. Izvestia quoted Sergey Katyrin, the President of the Russian Chamber of Commerce and Industry, as stating that businesses would likely welcome certain…
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Pro-crypto brokerage firm Robinhood has appointed former Barclays executive Jordan Sinclair to spearhead its UK expansion. On July 18, the Financial Conduct Authority (FCA) approved Sinclair’s appointment as CEO of Robinhood’s UK entity, according to a register maintained by the watchdog. Prior to joining Robinhood, Sinclair served as a managing director at European fintech firm Freetrade for over a year. … Read More:…
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Ripple’s legal chief Stuart Alderoty says that a potential appeal by the Securities and Exchange Commission (SEC) after the recent ruling could play into the hand of the company. Alderoty believes that any appeal by the Commission will consolidate the company’s partial win as the battle for clarity drags on. … Read More: SEC Appeal Can…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: South Korea Launches the Joint Investigation Centre for Crypto Crimes, Singapore Rules Crypto is Property Capable of Being Held in Trust, Craig Wright Must Pay £400,000 in Coinbase…
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After surging more than 10% on Tuesday, its biggest one-day gains since early April, Dogecoin (DOGE) has succumbed to profit-taking on Wednesday and was last trading around 3.5% lower. Dogecoin hit its highest level since April on Tuesday around $0.084 as traders bid the meme coin up on hopes it will be integrated as a…
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Recent court revelations surrounding Sam Bankman-Fried’s family have exposed a web of deceit. One such revelation concerned Samuel Bankman, Bankman-Fried’s father, who has been using the $10 million gifted to him by his son, which was allegedly looted from FTX customers, to pay for his legal defense. Moreover, it was revealed that he squandered at least a…
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Banks in China are looking to adopt the digital yuan in more of their operations, and have launched the nation’s first central bank digital currency (CBDC)-powered settlement service for bulk commodity spot clearing. Per JRJ, Industrial Bank, a Fuzhou-based joint-stock commercial bank, has launched the country’s first e-CNY settlement service for bulk commodity trading firms…
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