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Learn Concept: The Importance and Impact of Regulatory Oversight in Cryptocurrency Operations

November 5, 2023

Regulation plays an indispensable role in ensuring fair and truthful practices in sectors of the economy, including the steadily advancing market of cryptocurrencies. Understanding how regulatory bodies impact and shape …

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LedgerX Operating in Grey Area as New CFTC Rule Surfaces

November 4, 2023

A new regulatory proposal from the U.S. Commodity Futures Trading Commission (CFTC), focusing on the regulations for Futures Commission Merchants (FCMs) and Derivative Clearing Organizations (DCOs), leaves the operational model …

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Yuga Labs and Magic Eden Set to Establish Royalty-Focused Ethereum NFT Marketplace

November 4, 2023

Yuga Labs, creators of the Bored Ape Yacht Club (BAYC), and the cross-chain NFT platform, Magic Eden, are joining hands to introduce a new Ethereum marketplace focused on creator royalties. …

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Coinbase-Dogecoin Legal Dispute Escalates to U.S. Supreme Court

November 4, 2023

The U.S. Supreme Court has decided to review a case involving cryptocurrency exchange giant, Coinbase and its users in a dispute over a Dogecoin sweepstakes. A point of contention is …

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Crypto Fraud Trial Involving Alleged $116M Theft Postponed to April 2024

November 4, 2023

The trial of Avraham Eisenberg, the alleged fraudster behind the $116 million exploit of Mango Markets, has been postponed until April 8, 2024. Originally scheduled to commence in December, lawyers …

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Russian National Sanctioned by US Treasury for Crypto Money Laundering

November 4, 2023

The US Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on Russian national, Ekaterina Zhdanova, who is reportedly involved in money laundering and transferring funds using cryptocurrency on …

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Bitcoin Remains Stable Above $34K in Light of Unexpected U.S. Unemployment Uptick

November 4, 2023

Despite Unexpected Employment Data, Bitcoin Holds Steady Contrary to consensus expectations, the latest U.S. jobs data, consisting of unemployment and non-farm payroll figures, has shown a surprise uptick. While the …

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Crypto Industry Reacts as Sam Bankman-Fried Faces Guilty Verdict

November 4, 2023

Following the conclusion of a trial presided over by Judge Kaplan in New York, the jury found Sam Bankman-Fried guilty on all charges. This has sparked a significant reaction within …

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Learn Concept: Decentralized Autonomous Organizations (DAOs) Legalised in Abu Dhabi

November 4, 2023

IntroductionRecently, the Abu Dhabi Global Market (ADGM) created a unique legal framework for digital asset entities, including Decentralized Autonomous Organizations (DAOs). This move demonstrates a huge step towards Abu Dhabi …

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OpenSea Shrinks Workforce by 50% Ahead of 2.0 Launch

November 3, 2023

Leading Nonfungible token (NFT) marketplace, OpenSea, has announced a significant downsizing of its staff in anticipation of its OpenSea 2.0 launch. CEO Devin Finzer, without revealing specifics, stated that approximately …

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