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…
Winklevoss Twins Warn of Democrts Fallout from ‘Crypto War’
The Winklevoss twins, renowned cryptocurrency billionaires and co-founders of the Gemini exchange, have voiced their concerns over the potential political repercussions of the ongoing ‘war on crypto’. They argue that the actions of U.S. Senator Elizabeth Warren and SEC Head…
Congressman, Emmer & Congressman, Davidson Proposes Legislation to Dismiss Chair Gary Gensler Amid Crypto Controversy
In a significant development, Congressman Tom Emmer, along with Rep. Warren Davidson, has introduced the ‘SEC Stabilization Act’. This proposed legislation aims to restructure the Securities and Exchange Commission (SEC) and remove Gary Gensler from his position as Chair. The…
IOHK Responds Back to SEC claims – “Under no circumstances is ADA a security under U.S. securities laws. It never has been”
The U.S. Securities and Exchange Commission (SEC) has recently shaken up the cryptocurrency industry by targeting two of the largest cryptocurrency exchanges in the country. As part of its enforcement action, the SEC has classified several tokens, including Cardano, as…
Two Russian Nationals Face U.S. Justice Department Charges Over Crypto Exchange Hacks
In a significant development in the world of cryptocurrency, the U.S. Justice Department has unsealed charges against two Russian nationals, Alexey Bilyuchenko, 43, and Aleksandr Verner, 29. The charges relate to the 2011 hack of the cryptocurrency exchange Mt. Gox…
Over 400 Businesses Embrace Bitcoin in the Philippines
In a significant stride towards the adoption of cryptocurrency, Pouch Philippines, a pioneering payment company, has been instrumental in facilitating Bitcoin payments for businesses across the Philippines. Since its inception in 2021, Pouch.ph has been a catalyst for change, encouraging…
Solana Foundation Asserts SOL is Not a Security, Despite SEC’s Classification in Recent Lawsuits
In response to the U.S. Securities and Exchange Commission’s (SEC) recent classification of its SOL token as an unregistered security, the Solana Foundation has voiced its disagreement as told to CoinDesk at Solana’s New York City Hacker House. This classification was…
SEC Chair Gary Gensler says crypto is all “hucksters, fraudsters, scam artists” – Piper Sandler Global Exchange
In a recent development that has sent ripples across the cryptocurrency industry, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has likened the current state of the crypto market to the chaotic financial landscape of the 1920s, prior to…