The G20 summit has brought a glimmer of hope for India’s crypto ecosystem as it fully endorsed the IMF and FSB recommendations. These guidelines aim to provide a clear path for the policy and regulatory framework for crypto assets, addressing key concerns and promoting innovation. However, a critical aspect that needs attention is the excessive
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In a legal filing on September 22, the once reputable law firm Fenwick & West attempted to dismiss a class action suit that accused them of being partly responsible for fraudulent activity at FTX, a cryptocurrency trading platform. Fenwick & West mounted a robust defense, addressing the key allegations made against them in an attempt
As the cryptocurrency community eagerly awaits October, all eyes are on the US Securities and Exchange Commission (SEC). This regulatory agency holds the power to make decisions that could significantly impact the entire crypto industry. In particular, two key rulings are expected to shape the future of the industry and generate a ripple effect for
ConsenSys, a leading Ethereum software company, recently announced the sunset of its popular toolkits, Truffle and Ganache. These toolkits have played a crucial role in the development and testing of smart contracts on the Ethereum network. This decision comes as ConsenSys shifts its focus towards empowering developers with MetaMask toolkits like Snaps and SDK. Truffle
Crypto exchange Bybit has announced its decision to leave the U.K. market in anticipation of new crypto marketing rules set to take effect in October. This move is in response to the regulations outlined by the U.K. Financial Conduct Authority, which have made it necessary for Bybit to pause its operations in order to proactively
The cryptocurrency market never fails to surprise, and recently, ImmutableX (IMX) experienced an explosive surge of over 30% in just one night. This tremendous move was driven by a significant influx of volume on South Korean crypto markets, leaving many investors wondering if it is too late to buy into ImmutableX. The impressive surge in
The recent Token2049 conference held in Singapore was meant to be an exciting event for the cryptocurrency industry in East Asia. However, for some attendees, it turned into a nightmare. Troubled cryptocurrency exchange JPEX found itself in the midst of a scandal that led to arrests and chaos at the conference. Local news outlets reported
Ethereum, like most cryptocurrencies, has been facing considerable pressure in recent times. With its price dropping below $1,600, many investors are growing restless. However, amidst this bearish market sentiment, on-chain data reveals an interesting development – a prominent crypto whale known as “0xb154” has made a significant move. This whale has transferred over $8.1 million
Regulators in Poland have recently taken action against OpenAI, as the country’s Personal Data Protection Office announced on September 20th. The case involves a complaint lodged by an individual user regarding OpenAI’s popular ChatGPT app. The complainant raised concerns about the unlawful and unreliable handling of personal data by OpenAI, as well as a lack
The city of Busan in South Korea has announced its plans to launch a blockchain-powered digital assets trading platform, called the Busan Digital Asset Exchange (BDX), by the end of this year. With a vision to become a global integrated platform for digital assets, Busan aims to tokenize valuable assets such as raw materials, precious