In a major rebuke of the once-lauded idea that rose to popularity with cryptocurrencies. The operator of Australia’s stock exchange has abandoned plans to replace its software infrastructure using blockchain technology. The decision by the Australian Securities Exchange (ASX) to “pause” the rebuild of its complete trading, settlement, and clearing
The bail clearance of prominent crypto entrepreneur Do Kwon and his colleague Han Chang-Joon has reportedly been challenged. This has been done at the basic court of Montenegro by the local prosecution team. Kwon’s legal team successfully petitioned the court for bail in the amount of almost 400k Euros (437k
MIAMI–(BUSINESS WIRE)–US Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC”), a leading industrial-scale operator of bitcoin mining sites for both self-mining and hosted machines, today announced that it has finalized hosting contracts for an aggregate of approximately 150,000 machines with major mining companies, including Marathon Digital, Foundry USA, Sphere
On Wednesday, May 17, the Senate Standing Committee on Finance in Pakistan ordered new cryptocurrency regulation laws to be drafted. Inflation hit an all-time high of almost 36% in the month of April 2023, adding to the country’s other economic woes. Minister of State for Finance Ayesha Ghos Pasha said
On May 17, a press release regarding the digital currency asset manager, Grayscale Investments is announced. It highlighted the Filecoin (FIL) Trust Product issue over the Securities and Exchange Commission (SEC) of the U.S. government. Whereas, the press release included: “Grayscale received a comment letter from the SEC staff stating
LOS ANGELES–(BUSINESS WIRE)–MJC Partners (“MJC”), a boutique investment bank with a historically proven expertise and focus on the financial services, financial technology, and blockchain sectors, recently announced the addition of three senior investment bankers to its team. The new group will add highly skilled, high-touch senior bankers that will be
Ripple received a favorable ruling in court on Tuesday as a judge rejected the Securities and Exchange Commission’s request to keep documents related to a contentious cryptocurrency speech confidential. The speech by former SEC official William Hinman on June 14, 2018, is a key document in the enduring legal battle
In a recent report of Berenberg Capital Markets, it is said that the U.S. Securities and Exchange Commission (U.S. SEC) is still against Coinbase, a cryptocurrency exchange platform. Thereby, the report added that the SEC would raise an enforcement action anytime sooner followed by the Wells Notice. The @SECGov will
Judge Analisa Torres denied the U.S. Securities and Exchange Commission’s motion to seal the Hinman documents in the case of Ripple v. SEC. According to the report, the U.S. District Court has identified the Hinman documents as judicial documents. Judge Torres stated that the SEC moves to seal the Hinman
In a May 15 Reddit Ask Me Anything (AMA) session, the US Secret Service’s (USSS’s) San Francisco Division and the Bay Area Regional Enforcement Allied Computer Team (REACT) shared their efforts in safeguarding the nation’s financial infrastructure, particularly in the realm of cryptocurrency. The Secret Service, known for protecting US
