CFTC Awards Over $1 Million to Whistleblower in Digital Assets Investigation

by Theresa Joy Lacatan | Aug 9, 2024 | Blog News, Crypto News

On August 08, 2024, the Commodity Futures Trading Commission (CFTC) announced a whistleblower award exceeding $1 million to an individual who provided crucial information and assistance that significantly contributed to a successful enforcement action in the digital...

CFTC Secures $12.7 Billion Judgment Against FTX and Alameda for Massive Fraud Scheme

by Theresa Joy Lacatan | Aug 9, 2024 | Blog News, Crypto News

On 08 August 2024, the Commodity Futures Trading Commission (CFTC) announced a landmark decision by the U.S. District Court for the Southern District of New York, which ordered FTX Trading Ltd. and Alameda Research LLC to pay a staggering $12.7 billion in monetary...

Ripple Partners with DIFC Innovation Hub to Propel Blockchain and Crypto Innovation in the UAE

by Theresa Joy Lacatan | Aug 9, 2024 | Blog News, Crypto News

On 2 August 2024, Ripple, a leading provider of enterprise blockchain and crypto solutions, announced its partnership with the DIFC Innovation Hub, a key innovation ecosystem within the Dubai International Financial Centre (DIFC). This strategic collaboration aims to...

International Monetary Fund and El Salvador Progress Toward Economic Stability

by Theresa Joy Lacatan | Aug 9, 2024 | Blog News, Crypto News

On 6 August 2024, the International Monetary Fund (IMF) issued a statement following discussions with Salvadoran authorities, led by Mr. Raphael Espinoza. These conversations, held both in person and virtually over the past months, centered on policies aimed at...

SEC’s Proposals Set to Revolutionize Cryptocurrency Options Trading

by Theresa Joy Lacatan | Aug 8, 2024 | Blog News, Crypto News

On 6 August, 2024, in a move to further integrate cryptocurrency assets into the regulated financial system, the Securities and Exchange Commission (SEC) has announced two proposed rule changes. Filed by Nasdaq ISE, LLC, these changes aim to enhance the trading...

Artists Challenge SEC’s Authority Over NFTs Seeking Clarity of Jurisdiction

by Theresa Joy Lacatan | Aug 8, 2024 | Blog News, Crypto News

On 29 July 2024, conceptual artist Brian Frye and musician Jonathan Mann filed a pre-emptive lawsuit against the United States Securities and Exchange Commission (SEC) concerning the regulation of non-fungible tokens (NFTs). This legal action follows previous SEC...