Summary: In an escalating legal dispute with the U.S. Securities and Exchange Commission (SEC), Coinbase, a prominent cryptocurrency exchange, has expressed its frustration over the regulator’s evasive responses. The conflict arose from the SEC’s failure to provide clear answers to…
HSBC and Standard Chartered Encouraged to Embrace Crypto Clients in Hong Kong
In a significant development in the crypto industry, Hong Kong’s banking regulator is encouraging major banks, including HSBC and Standard Chartered, to accept crypto exchanges as clients. This move comes at a time when the crypto industry is facing a…
Ripple and Colombia’s Central Bank Collaborate on Revolutionary Blockchain-Powered CBDC Project
In an unprecedented move, Ripple, a significant player in the blockchain payment arena, has teamed up with Colombia’s Central Bank, Banco de la Republica. This groundbreaking partnership aims to leverage the robust capabilities of the XRP Ledger to develop a…
BlackRock’s Bold Move: Launching a Spot Bitcoin ETF Amid Regulatory Scrutiny
BlackRock, a leading asset management company, has taken a significant step towards launching a spot Bitcoin exchange-traded fund (ETF), a move that has been a subject of debate between cryptocurrency advocates and federal regulators. The firm has submitted an application…
Strike Expands ‘Send Globally’ Service to Mexico Leveraging Bitcoin’s Lightning Network
Strike, the global financial application, has recently announced its expansion into Mexico with its “Send Globally” payment service. This move comes at a time when cross-border payments from the U.S. to Mexico are at an all-time high, with Mexico receiving…
Binance CEO Denies Market Manipulation Claims: A Deep Dive into the Allegations and Rebuttals
In the midst of swirling rumors and accusations, Changpeng Zhao, the CEO of Binance, has come forward to deny claims that the cryptocurrency exchange has been secretly selling Bitcoin (BTC) to artificially boost the price of its native token, BNB.…
House Financial Services Committee lead by Chairman Patrick McHenry Discusses Regulatory Frameworks
In a significant move towards the future of the digital asset ecosystem, the House Financial Services Committee, under the leadership of Chairman Patrick McHenry, is conducting a hearing to consider the establishment of statutory frameworks for digital asset regulation and…
Bank of China’s BOCI and UBS Tokenized Securities in Hong Kong
In a significant stride towards the digitalization of finance, BOCI has successfully issued CNH 200 million in fully digital structured notes. This marks the first instance of a Chinese financial institution issuing a tokenized security in Hong Kong. The product…
Apple threatens Damus App to Remove Bitcoin Tipping Feature or Face Removal from the App Store
Apple, the renowned tech giant, has issued a stern warning to Damus, a decentralized social media application. The warning stipulates that Damus must adhere to Apple’s guidelines or risk being removed from the App Store within a fortnight. This move…
SEC’s Stance on Cryptocurrencies: Unveiling the Hinman Documents in Ripple Labs Lawsuit
In a recent development in the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs, documents related to William Hinman, the former director of the SEC’s Division of Corporation Finance, have been made public. These documents reveal the Trading…