Day: 26 July 2023

South Korea has taken a significant step to combat the alarming surge in criminal activities within the nation's cryptocurrency market and address the lack of legal protections for investors. On July 26, 2023, the country's Supreme Prosecutor Office (SPO) established the Joint Investigation Centre for Crypto Crimes, an interagency team ...

Reddit remains unwavering in its commitment to exploring digital NFT collectibles despite the shifting dynamics in the NFT market. The social media platform recently announced that the launch of its newest collection of collectible avatars, titled "Retro Reimagined," is scheduled for July 26, 2023, with speculations pointing to a drop ...

Binance has made a significant move in its quest to expand its European operations by withdrawing its application for a cryptocurrency license in Germany. The decision comes after allegations that the German Federal Financial Supervisory Authority (BaFin) rejected their custody license application on June 29, 2023.  Initially, there was uncertainty ...

In a groundbreaking ruling on July 25, 2023, Judge Philip Jeyaretnam of the High Court of Singapore declared that cryptocurrencies are legally considered a form of property that can be held in trust. The ruling came in response to a case brought by ByBit against its former employee, Ho Kai ...

Stuart Alderoty, the Chief Legal Officer of Ripple, has firmly dismissed concerns over a potential appeal by the U.S. Securities and Exchange Commission (SEC) in the wake of a recent groundbreaking decision in favor of Ripple Labs. The judgement came on July 13, 2023, when Judge Analisa Torres ruled that ...

OKX has published its ninth monthly Proof-of-Reserve (PoR) report, showcasing a sustained asset holding of $11.3 billion. The report highlighted a diversified portfolio comprising Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), with each currency maintaining an impressive reserve ratio of 103%.  This consistent commitment to upholding a reserve ratio exceeding ...

Matrixdock, a digital assets platform owned by Matrixport, has successfully integrated Chainlink Proof of Reserve (PoR) on the Ethereum mainnet in a move to improve transparency for its Tokenized Treasury Bill (T-Bill) offering.  Matrixdock's adoption of the Chainlink PoR enables stakeholders to closely monitor reserves and confirm that the U.S. ...