Following the peak of the crypto exchange FTX’s crash, the authorities in the Philippines have cautioned crypto investors regarding the crypto exchanges which have not secured any licenses. The Securities and Exchange…
Category: Regulation
A Court In South Korea Confiscates $92 Million In LUNA-Related Funds
Since the collapse of LUNA and UST tokens of Terra, the authorities in South Korea have been delving into the case as well as scrutinizing the businesses linked to Terra. The new…
Central Bank Of Kazakhstan Is Likely To Complete Its Central Bank Digital Currency Rollout By 2025
Kazakhstan, known as the 3rd-biggest hub for Bitcoin mining across the globe after China and the United States, discovered the feasibility of introducing a digital tenge (an in-house central bank digital currency)….
Yuga Labs Is Facing A Lawsuit For Conspiring With Celebrities To Promote Its Non-Fungible Tokens
Yuga Labs, the company responsible for developing NFT Series such as Mutant Ape and Bored Ape, is going through a class-action legal case for a supposed conspiracy with celebrities for the promotion…
Clients’ Funds Are Completely Safe, Says Silvergate CEO
Silvergate’s chief executive officer has again claimed that the funds of the consumers are secure, but many are still apprehensive. The firm had considerable exposure to FTX and BlockFi via deposits. Silvergate,…
Famous Economist Paul Krugman Considers Blockchain Tech A Waste of Time
Paul Krugman (a Nobel Prize-winning economist) voiced his sentiments on blockchain technology in an opinion piece published by The New York Times. Krugman is known as an eminent Professor of Economics serving…
California Attorney General Issues Guidance For Novice Cryptocurrency Buyers
As the crypto industry is getting more intimidating and complicated, Rob Bonta (the Attorney General of California) had determined to release instructions for rookie crypto purchasers. The official website of the Attorney…
South Korea Will Regulate The Ethical Side Of Metaverse
A new set of ethical guidelines has been released by the Ministry of Science and ICT of South Korea in an effort to lower crime levels in the computer generated realities. Concepts…
Possible Dangers Of Smart Contracts
Vitalik Buterin, a co-founder of Ethereum, issues a warning that, even if self-service is selected, there is still chance that smart contracts will contain errors. According to CommunityNEWS, self-control over cryptocurrency is…
Senators Express Concerns About SoFi Activities
Despite their apparent increased vigilance as a result of the FTX scandal, the committee members do not perceive any grounds that SoFi is evolving as the Fed intended. Democrat Senate members issue…