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...

SEC Charges Nader Al-Naji with Fraud and Unregistered Offering of Crypto Asset Securities

by Theresa Joy Lacatan | Jul 31, 2024 | Blog News, Crypto News

On July 30, 2024, the Securities and Exchange Commission (SEC) charged Nader Al-Naji, the founder of the BitClout blockchain protocol now known as Decentralized Social (DeSo), with perpetrating a multi-million-dollar fraudulent crypto asset scheme. Al-Naji, who...

SFC Issues Public Warning Against Proxinex for Suspected Virtual Asset-Related Fraud

by Theresa Joy Lacatan | Jul 31, 2024 | Blog News, Crypto News

On 29 Jul 2024, the Securities and Futures Commission (SFC) issued a public warning regarding Proxinex, an entity suspected of engaging in virtual asset-related fraud. The alert comes in response to numerous reports from investors who have encountered significant...