The UK Law Commission has recommended the development of legislation for crypto assets to position the country as a global center for cryptocurrencies and NFTs. The independent panel stressed the need for a comprehensive legal framework to support the growth of digital assets…
The Virtual Asset Regulatory Authority (VARA) in Dubai has released a fee schedule for various services related to digital asset regulation. It includes fees for issuing no-objection certificates to proprietary traders, amending or withdrawing license applications, and reviewing whitepapers. Proprietary traders will need…
Cardano (ADA) is facing regulatory scrutiny as two US exchanges have attracted the attention of the SEC. The SEC has classified certain altcoins, including ADA, as securities, directly impacting ADA. The Cardano team disagrees with the SEC’s position but the consequences of the…
Crypto exchange OKX has released its eighth monthly report on proof-of-reserves (PoR), revealing that it holds a significant amount of $11.3 billion in BTC, ETH, and USDT. The report shows that OKX has maintained a reserve ratio of over 100% for eight months,…
In today’s headlines, a federal judge rejected FTX founder Sam Bankman-Fried’s motion to dismiss criminal charges against him, stating that he did not have standing to dismiss many of the charges. The European Union has reached a political deal on new bank-capital legislation,…
Coinbase Pro has seen massive buy orders of 90k-100k, causing the volume to jump from 200k to 3.5 million in a short period. This indicates a bullish trend reversal. The reason for this is the accumulation of ARB by whales, as Arbitrum already…
Elon Musk, CEO of Tesla, is facing a legal battle as plaintiffs in a class-action lawsuit accuse him and Tesla of misleading Dogecoin investors, resulting in financial losses. Lawyers representing the plaintiffs claim that Musk artificially raised the value of Dogecoin through his…
Crypto attorney John Deaton addressed the impatience within the crypto community surrounding the Ripple-SEC case verdict. Deaton analyzed the intricate proceedings of the case and shed light on the potential delay in the verdict. The case revolves around summary judgment motions filed by…
Creditors Accuse BlockFi of Fraud and Delaying Bankruptcy Resolution Creditors of BlockFi have filed to liquidate the company’s estate, alleging fraud, incompetence, and intentional delay of the bankruptcy resolution. They claim that BlockFi is using the delay to negotiate legal releases for its…
