Taiwan Crypto Industry Takes Initiative With New VASP Association to Set Industry Standards

by Theresa Joy Lacatan | Jun 15, 2024 | Blog News, Crypto News

In a move towards self-regulation ahead of anticipated government action, 24 leading cryptocurrency companies in Taiwan have joined forces to establish the Taiwan Virtual Asset Service Provider (VASP) Association. Announced on 13 June, 2024, this association aims to...

FlowBank Declared Bankrupt by FINMA, CoinShares Among Major Stakeholders

by Theresa Joy Lacatan | Jun 15, 2024 | Blog News, Crypto News

The Swiss Financial Market Supervisory Authority (FINMA) on 13 June, 2024, announced the commencement of bankruptcy proceedings against FlowBank. The decision came after FlowBank was found to lack the minimum capital required for its business operations. FINMA also...

The Open Network (TON) Revives Telegram’s Blockchain Dream: Paving the Way for Seamless Crypto Adoption

by Theresa Joy Lacatan | Jun 13, 2024 | Blog News, Crypto News

The Open Network (TON) is emerging as a beacon of promise in the blockchain world. Initially built to enhance Telegram, one of the world’s most popular messaging apps, TON has evolved significantly. Despite Telegram stepping back due to regulatory issues, an...

Terraform Labs and Do Kwon to Pay $4.47 Billion Settlement to SEC: Company Winds Down as Community Takes Over

by Theresa Joy Lacatan | Jun 13, 2024 | Blog News, Crypto News

On June 12, 2024, Terraform Labs, the firm behind the defunct LUNA and TerraUSD, along with co-founder Do Kwon, reached a monumental settlement agreement with the U.S. Securities and Exchange Commission (SEC). This settlement, a culmination of a civil fraud lawsuit,...

Trump Pledges Support for Bitcoin, Promises to Safeguard Crypto Industry

by Theresa Joy Lacatan | Jun 12, 2024 | Blog News, Crypto News

In a recent event, CleanSpark Inc.’s Executive Chairman Matthew Schultz shared insights on Donald Trump’s evolving stance on cryptocurrency. Trump, joined by Riot Platforms CEO Jason Les and head of public policy Brian Morgenstern, voiced strong support...

Digital Economic Council of Australia: A Transformative Leap Beyond Blockchain

by Theresa Joy Lacatan | Jun 12, 2024 | Blog News, Crypto News

The leading industry association formerly known as Blockchain Australia has rebranded as the Digital Economic Council of Australia (DECA). This strategic move signals a “transformative leap” towards a more inclusive vision of digital economic activities,...