In an unexpected turn of events, CyberKongz, a project at the forefront of the gaming-oriented NFT (non-fungible token) movement, received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) on December 16. This notice has sent ripples through the Web3 gaming community as it raises significant questions about the use of ERC-20 tokens
Regulation
As cryptocurrency continues to carve out its place within the global financial landscape, the outlook for 2025 presents significant opportunities and challenges. Coinbase, a leading cryptocurrency exchange, has identified several critical trends that are likely to shape the industry in the coming years. This article will explore these anticipated trends, focusing on tokenization, the resurgence
Recent developments hint at a new era for cryptocurrency exchange-traded funds (ETFs) in the United States. With a shift in leadership at the Securities and Exchange Commission (SEC), certain changes are expected to significantly reshape the landscape of crypto ETFs. SEC Commissioner Hester Peirce, often lauded for her support for cryptocurrency, suggested during a Coinage
In a significant response to growing concerns around individual privacy, the Bavarian State Office for Data Protection Supervision (BayLDA) has instructed Worldcoin to enhance its data protection measures. This conclusion comes after a thorough investigation into the company’s biometric data handling practices, specifically regarding the collection of iris-derived data for the World ID system. Founded
The saga surrounding Sam Bankman-Fried, the former head of the crumbled cryptocurrency platform FTX, has become a landmark case in discussions about financial regulation and legal accountability in the tech-driven economy. Bankman-Fried was convicted last year amid substantial claims of fraud and misconduct linked to the catastrophic collapse of his exchange, which left many investors
The Hong Kong Securities and Futures Commission (SFC) has taken a significant leap in its regulatory framework for the virtual asset market by granting licenses to four additional virtual asset trading platforms (VATPs). As announced on December 18, this development not only indicates a willingness to embrace digital innovation but also underlines the SFC’s commitment
In a captivating discussion with Yahoo Finance, Matt Hougan, the Chief Investment Officer at Bitwise Asset Management, presents a thought-provoking analysis of Bitcoin’s trajectory. With ambitious predictions placed on the leading cryptocurrency, Hougan’s insights invigorate the ongoing conversation around Bitcoin’s value and its role in the investing landscape. Hougan is optimistic, projecting Bitcoin could vastly
The Australian Securities and Investment Commission (ASIC) is intensifying its enforcement actions against cryptocurrency exchanges, exemplified by its recent lawsuit against Oztures Trading Ltd, which operates Binance Australia Derivatives. This legal battle arises from serious allegations regarding inadequate consumer protection mechanisms, putting the actions of a key player in the Australian cryptocurrency market under the
FTX and its affiliated entities are set to implement their Chapter 11 reorganization plan on January 3, 2025, marking a significant turning point for the troubled cryptocurrency exchange. This date not only represents the official activation of the restructuring but also serves as the record date for initial distributions to those with allowable claims in
The European Securities and Markets Authority (ESMA) has unveiled its conclusive guidance in anticipation of the sweeping Markets in Crypto-Assets (MiCA) regulations, which are set to be fully enforced this month. This initiative is the result of an extensive 18-month regulatory journey characterized by the development of over 30 Technical Standards and Guidelines. Collaborating closely