MAS Highlights Sustainable Governance at Singapore Governance and Transparency Forum

by Theresa Joy Lacatan | Aug 3, 2024 | Blog News, Crypto News

On 1 August 2024, Mr. Lim Tuang Lee, Assistant Managing Director (Capital Markets Group) at the Monetary Authority of Singapore (MAS), addressed the Singapore Governance and Transparency Forum, highlighting the critical importance of sustainable governance. Mr. Lim...

Coinbase Faces Legal Scrutiny Over Alleged $25 Million Campaign Finance Violation Amid Federal Contract Bidding

by Theresa Joy Lacatan | Aug 3, 2024 | Blog News, Crypto News

On 30 July 2024, Coinbase came under scrutiny following allegations that it violated campaign finance laws by making a $25 million donation to the Fairshake super political action committee (PAC) while bidding for a federal government contract. These claims were...

XRP Ledger Revolutionizes DeFi with Tokenized US Treasury Bills

by Theresa Joy Lacatan | Aug 2, 2024 | Blog News, Crypto News

On 30 July 2024, in a recent development, the XRP Ledger will now offer tokenized US Treasury bills (T-bills) to investors through a new partnership with OpenEden, a leading tokenization platform. This initiative, set to transform decentralized finance (DeFi),...

CFTC Issues Warning on Multi-Stage Crypto Fraud Schemes

by Theresa Joy Lacatan | Aug 2, 2024 | Blog News, Crypto News

On 30 July 2024, the Commodity Futures Trading Commission’s (CFTC) Office of Customer Education and Outreach (OCEO) issued a customer advisory highlighting the risks and multi-faceted nature of fraud schemes that often target victims repeatedly. This warning serves to...

Federal Court Orders El Paso Man and His Firm to Pay Over $31 Million for Forex and Cryptocurrency Fraud

by Theresa Joy Lacatan | Aug 1, 2024 | Blog News, Crypto News

On 26 July 2024, the Commodity Futures Trading Commission (CFTC) announced that Senior Judge David C. Guaderrama of the U.S. District Court for the Western District of Texas entered an order on 9 July 2024, assessing monetary relief totaling over $31 million against...

Seoul Court Rules in Favour of Wemade CEO in $7 Million WEMIX Token Dispute

by Theresa Joy Lacatan | Aug 1, 2024 | Blog News, Crypto News

On 30 July 2024, the Seoul Central District Court made a landmark ruling in favor of Wemade CEO Park Kwan-ho, ordering the now-defunct virtual asset exchange GDAC to return 7.8 million WEMIX tokens, valued at approximately $7.31 million, to Park. This decision brings...