MULTICHAIN SUSPENDS OPERATIONS FOLLOWING CEO’S ARREST |1300 HKT | 0600 UKT | 17 July 2023

by Александр Пирогов | Jul 17, 2023 | Blog News

Cross-chain protocol Multichain announced on 14 July its decision to halt all operations, citing lack of alternative sources of information and corresponding operational funds. This follows an alarm raised by blockchain analytics company Chainalysis, pointing towards...

US CRYPTO STARTUPS CLINCH MAJORITY OF VC INVESTMENTS IN Q2 2023 |1300 HKT | 0600 UKT | 17 July 2023

by Александр Пирогов | Jul 17, 2023 | Blog News

US-based crypto startups account for 45% of all venture capital (VC) investments in the crypto industry in Q2 2023 despite the increasing regulatory scrutiny in the country, with startups in the “trading category” drawing more capital, a recent study by crypto...

CELSIUS NETWORK FOUNDER PLEADS NOT GUILTY TO FRAUD CHARGES |1300 HKT | 0600 UKT |15 July 2023

by Александр Пирогов | Jul 17, 2023 | Blog News

Alex Mashinsky, the founder and ex-CEO of bankrupt crypto lending platform Celsius Network, entered a plea of not guilty to several fraud charges brought against him. Mashinsky faces accusations of misleading investors and manipulating the company’s propriety crypto...

SOUTH KOREA TO MANDATE FIRMS TO DISCLOSE CRYPTO ASSET STARTING FROM 2024 |1300 HKT | 0600 UKT | 15 July 2023

by Александр Пирогов | Jul 17, 2023 | Blog News

South Korea’s Financial Services Commission (FSC) proposed a new bill on 11 July, requiring all firms that issue or hold crypto to disclose their holdings. The new rules, which are expected to come into effect on 1 January 2024, aim to increase transparency in crypto...

RIPPLE BECOMES THE FOURTH LARGEST CRYPTO BY MARKET CAP FOLLOWING KEY US COURT RULING |1300 HKT | 0600 UKT | 15 July 2023

by Александр Пирогов | Jul 17, 2023 | Blog News

Following Ripple Labs’ partial victory over the US Securities and Exchange Commission (SEC) on 13 July, Ripple (XRO) has ascended to become the fourth largest cryptocurrency by market capitalisation. The District Court for the Southern District of New York ruled that...

RBI INVITES MORE LENDERS TO CBDC PILOT, TARGETING ONE MILLION DAILY TRANSACTIONS BY YEAR-END |1300 HKT | 0600 UKT | 13 July 2023

by Александр Пирогов | Jul 17, 2023 | Blog News

The Reserve Bank of India (RBI) is encouraging more lenders to participate in the pilot programs of its central bank digital currency, the e-rupee. The pilot program, which began last year, covered both the wholesale and retail markets. Some large state-owned and...