The Financial Services Authority (FSA) of Japan and the Monetary Authority of Singapore (MAS) have teamed up in Project Guardian to explore the applications of digital technologies in asset tokenization. The project involves conducting pilot experiments in various sectors of the finance industry,…
Chibi Finance, a decentralized finance (DeFi) project, has pulled off a rug pull scam and made off with over $1 million worth of assets. The team behind Chibi Finance quickly transferred users’ funds to an Ethereum address and converted them to Ether. A…
Before FTX collapsed, its founder routinely rubbed shoulders with lawmakers and market regulators. FTX, a cryptocurrency exchange based in Hong Kong, was once a rising star in the industry. Its founder, Sam Bankman-Fried, was known for his high-profile connections and involvement in the…
Fidelity Investments, a Boston-based asset manager, is reportedly finalizing its application for a Bitcoin exchange-traded fund (ETF). This ETF would track the price of Bitcoin and provide investors with a regulated way to gain exposure to the cryptocurrency. The news of Fidelity’s expansion…
A UK citizen named Joseph James O’Connor, also known as “PlugwalkJoe,” has been sentenced to five years in prison in the US for committing cybercrimes, including stealing $794,000 worth of digital assets from a Manhattan-based crypto firm. O’Connor was extradited from Spain and…
The U.S. crypto industry is experiencing a difficult period, and Japan sees an opportunity to increase its influence in the sector. Despite concerns about a similar downturn in Japan, some insiders believe that the U.S. turmoil creates a chance for Japan to strengthen…
ARK Investment Management and 21Shares are reportedly “first in line” for approval of a Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC), ahead of BlackRock. ARK and 21Shares have filed an application with the SEC and their next decision…
The Sui Foundation has denied selling staking rewards or any other tokens on the Binance crypto exchange. In a tweet, the organization stated that all insider token allocations are compliant with lock-ups and transfer restrictions. The foundation also confirmed that SUI token unlocks…
LBank Exchange has listed Disney (DIS), a meme token, for trading on its platform. DIS is a token created by various communities involved in blockchain, cryptocurrency, and mining. It is intended for use in interactive activities, event rewards, charitable endeavors, and more. The…