Ripple, a prominent name in the cryptocurrency landscape, recently unveiled a suite of groundbreaking features designed to bolster its custody services under the Ripple Custody division. This strategic move is a clear indication of Ripple’s commitment to enhancing the security and management of digital assets in an increasingly digitalized financial ecosystem. Given the anticipated growth
business
The cryptocurrency sector, once envisioned as a realm of innovation and autonomy, now finds itself ensnared in a web of regulatory ambiguity and enforcement actions. The remarks made by SEC Commissioner Mark Uyeda highlight the ongoing struggles within the Commission concerning how to govern this rapidly evolving industry. His assessment reveals a critical viewpoint on
In the rapidly evolving landscape of cryptocurrencies, gaining credibility and trust is paramount. ABD Systems, a seasoned player in the IT solutions arena with over 13 years of experience, has recently made headlines with the successful KYC verification of its innovative ABDS Token project through CertiK—distinguished by the awarding of the prestigious CertiK Gold Badge.
In a significant regulatory shift, the United Arab Emirates (UAE) has announced an exemption for cryptocurrency transactions from its 5% value-added tax (VAT). This decision, made public via an amendment to the Executive Regulation accompanying the Federal Decree Law on VAT, is poised to take effect on November 15, 2024, while also applying retroactively to
Hong Kong is paving the way for a more inclusive and regulated cryptocurrency market as the Securities and Futures Commission (SFC) prepares to issue additional licenses to crypto enterprises before the end of the year. This decision, highlighted in a report by local media outlet Hong Kong 01, follows the SFC’s recent endorsement of HKVAX,
The recent settlement between TrustToken and TrueCoin, the developers behind the TrueUSD (TUSD) stablecoin, and the U.S. Securities and Exchange Commission (SEC) has raised significant concerns within the cryptocurrency space. The entities agreed to a settlement involving $700,000 in penalties for allegations of fraudulent activities, particularly regarding the unregistered sales of investment contracts. This settlement
OpenSea, once a flagship platform in the explosive world of non-fungible tokens (NFTs), is experiencing a significant crisis marked by decreasing engagement and increasing competition. As the hype surrounding NFTs soared in 2021, OpenSea capitalized on this momentum. However, the sector has witnessed a substantial decline over the past two years, which has dramatically affected
Ripple has recently made headlines by receiving an in-principle license from the Dubai Financial Services Authority (DFSA), a move that is poised to transform not only the company’s operations but also the broader landscape of financial services in the United Arab Emirates (UAE). As the first blockchain-based payment service provider to achieve this milestone, Ripple
The recent filing by Bitwise for an XRP exchange-traded fund (ETF) marks a pivotal moment in the advancement of institutional investment in Ripple’s cryptocurrency. This announcement, initially reported by Fox Business journalist Eleanor Terrett, showcases the growing interest among institutional players in integrating digital currencies into mainstream financial instruments. Bitwise’s establishment of an XRP ETF
Bithumb, the second-largest cryptocurrency exchange in South Korea, is poised to undertake a significant leap into the international financial arena by pursuing a public listing in the United States. According to recent reports, this strategic decision was unveiled during a shareholders meeting held on September 30. The exchange aims to target a listing on the