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UK FCA’s Blueprint for Fund Tokenization Nearing Completion

The UK’s regulatory agency, the Financial Conduct Authority (FCA), is nearing the final stages of drafting a framework for fund tokenization. In a recent address, Ashley Alder, the Chair of...
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DeFi Protocol Platypus Finance Hacked for Over $2 Million on Avalanche – Here’s What Happened

Platypus Finance, a decentralized finance (DeFi) protocol, has suffered a security compromise, leading to a loss exceeding $2 million. In a recent post on X (previously known as Twitter), the...
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US Supermarket Trader Joe’s Takes Legal Action Against Crypto Project Over Name Resemblance

The renowned US grocery store chain, Trader Joe’s, has initiated legal action against the decentralized exchange (DEX), Trader Joe, alleging trademark violation at a federal level. The legal documents suggest...
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Sam Bankman-Fried’s Legal Battle: Lawyers May Already Be Eyeing an Appeal

Daniel C. Silva, a previous assistant US attorney and now a shareholder at the Buchalter law firm, speculates that the defense strategy for Sam Bankman-Fried might be paving the way...
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Crypto Exchange HTX Recovers $8 Million Lost to Hacker in Recent Security Breach

HTX, the cryptocurrency exchange managed by Huobi Global, has effectively recovered the assets misappropriated by a cyber intruder during a security lapse in late September. In acknowledgment of the return,...
Read More Developers Amass Nearly $20 Million Since August Debut

Since its introduction in August, the team behind has successfully generated close to $20 million in revenue. Based on figures from DeFiLlama, now stands as the top revenue-earning...
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Dubai Regulator Halts Sale and Distribution of Islamic Coin – What’s Going On?

The Virtual Assets Regulatory Authority (VARA) of Dubai has taken measures against Bored Gen DMCC (BG), a firm engaged in the promotion and distribution of the Islamic coin (ISLM). As...
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FTX Co-Founder Testifies: Sam Bankman-Fried Allowed Unlimited Fund Withdrawals

Gary Wang, the co-founder of FTX, made startling revelations during a recent court appearance, confessing that both he and the platform’s former head, Sam Bankman-Fried, were involved in wire fraud....
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South Korean Central Bank Sets ‘Real-World’ CBDC Pilot Date

The Bank of Korea (BOK) has announced plans to roll out a “real-world” pilot of its Central Bank Digital Currency (CBDC) by the fourth quarter of FY2024, marking a significant...
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Russian Corporations Using Digital Ruble as CBDC Pilot Gathers Pace

Russian businesses are beginning to adopt the digital ruble, Russia’s official central bank digital currency (CBDC). According to a recent article from SPB IT RU, the government-controlled Sirius Innovation Science...
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