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Singapore High Court Declares Crypto as Property in Case Involving Bybit
26.7.2023
The ruling held that a crypto asset is a “thing in action” enforceable via court orders
Russian President Vladimir Putin States Emergent Multipolar World Order Will Be ‘More Just’
26.7.2023
In a recent article, Vladimir Putin, President of the Russian Federation, outlined his thoughts about the emergence of a new multipolar world order. Putin explained this new configuration will allow different regions, including Africa, the Middle East, and Latam, to assume their roles in a...
UK crime agency scouts for seasoned crypto investigators
26.7.2023
The ideal candidate to join the National Crime Agency will be an existing member of the police staff who is a certified accredited financial investigator (AFI)
SEC appeal could amplify Ripple win, says Ripple Labs legal chief
26.7.2023
Stuart Alderoty said that an appeal on behalf of the SEC could see Ripple consolidate its victory over the regulator even further
PacWest stock flash crash recovers after rescue merger with Banc of Cali
26.7.2023
PacWest shares crashed 27% before recovering on a rescue acquisition by the smaller Banc of California
Binance, CZ to Seek Dismissal of CFTC Complaint
26.7.2023
Crypto exchange Binance and its founder and CEO Changpeng Zhao (CZ) plan to seek the dismissal of a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). On July 27, the trading platform is due to submit its response to the CFTC complaint alleging that it broke derivatives laws...
Shaoxing, China, Launches Asian Games-themed Digital Yuan Giveaway – CBDC Showcase Planned
26.7.2023
The Chinese city of Shaoxing is planning an Asian Games-themed digital yuan giveaway, as the nation prepares for a major central bank digital currency (CBDC) showcase.
China News Network (via East Money) reported that Shaoxing will issue residents with around $5.6 million worth of digital yuan...
Dogecoin Registers Biggest Single-Day Gain in 4 Months, Futures Open Interest Tops $500M
26.7.2023
DOGE jumped 10% on Tuesday, its biggest single-day percentage gain since April 3
CFTC charges Tennessee couple over 'Blessings of God Thru Crypto’ scheme
26.7.2023
Despite having no trading experience a Tennessee couple convinced 100 people to hand over their money for a uniquely named crypto investment pool
Former Central Banker Discusses How Chinese Yuan Could Become on Par With US Dollar
26.7.2023
A former central banker has explained that three conditions must be met for the Chinese yuan to become a currency on par with the U.S. dollar and the euro. Noting that the yuan is already the third-largest international currency after the USD and the euro, he emphasized that the Chinese...
Miami Heat’s Jimmy Butler seeks dismissal from Binance promo class suit
26.7.2023
Lawyers for the basketball star claim he did not mention any alleged securities but instead warned of celebrities promoting crypto investments
Namibia signs crypto exchange regulation bill into law
26.7.2023
The law will officially enter into force at a date determined by Namibia’s Ministry of Finance
BRICS Invites 69 Leaders to August Summit — Western Countries Omitted
26.7.2023
The BRICS economic bloc has invited 69 leaders to its upcoming summit, including all African heads of state and the political heads of major Global South bodies. More than 40 countries have expressed interest to join the BRICS group, with 22 nations already having submitted official applications....
Deloitte, Chainalysis alliance to give law enforcement a crypto edge
26.7.2023
Big Four accounting firm Deloitte said the partnership could help authorities identify and take down bad actors hiding "behind the keyboard."
First Mover Asia: Bitcoin Awaits Its Spot ETF in Absence of a Macro Catalyst: Crypto CEO
26.7.2023
PLUS: At least one bitcoin price indicator suggests that BTC may be turning slightly upward soon, writes a CoinDesk analyst, while Tribe Capital's managing partner sees a DeFi "resurgence."
KuCoin denies mass layoffs, says cuts are part of 'normal' operations
26.7.2023
KuCoin has shut down rumors that it would be laying off 30% of its workforce but admitted there may be some "personnel adjustments" in the future
Chinese Bank Launches CBDC Bulk Commodity Clearing Service – Digital Yuan Adoption Accelerates?
26.7.2023
Banks in China are looking to adopt the digital yuan in more of their operations, and have launched the nation’s first central bank digital currency (CBDC)-powered settlement service for bulk commodity spot clearing.
Per JRJ, Industrial Bank, a Fuzhou-based joint-stock commercial bank,...
Economist Analyzes Challenges of BRICS Currency Competing With US Dollar
26.7.2023
An economist has shared her analysis of how a common BRICS currency could compete with the U.S. dollar. “You need foreign exchange reserves and you need the trust of the investment community,” she explained, noting that the only country in the BRICS economic bloc to carry such a reserve...
USD-backed stablecoin pilot project launched by Pacific island nation of Palau
26.7.2023
The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees
Bitcoin Stuck Below $30K Before Likely Fed Rate Hike, While DOGE Spikes 9%
26.7.2023
Except for the popular meme coin, which was recently up more than 10%, the largest cryptos by market cap were largely unchanged over the past 24 hours as investors awaited a likely 25 basis point increase from the U.S. central bank