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SEC seeks summary judgment in Do Kwon and Terraform Labs case

The “evidence” of violations provided by the SEC points to Kwon’s involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra (LUNA) tokens as securities.

$308M crypto laundering scheme busted, Hashkey token, Hong Kong CBDC: Asia Express

Asia Express: Ringleaders of $308M P2P crypto laundering scheme jailed in China, Visa’s Hong Kong CBDC trial a success, Hashkey token.

NIST establishes AI Safety Institute Consortium in response to Biden executive order

Documentation from NIST states the consortium will adopt a “broad human-centered focus” with “specific policies.”

XRP, TON win approval in Dubai International Financial Centre free trade zone

The new tokens join the ranks of BTC, ETH and LTC for use by the 4,000-plus companies located in the zone, which is considering new legal measures as well.

Jury directions begin in Sam Bankman-Fried criminal trial

Jury deliberations are to expected to begin shortly and may last until next Monday.

FCA releases guidance for compliance with new UK crypto asset promotion rules

The regulator has made a few efforts to help crypto firms comply with the rules that came into force on Oct. 8.

Dubai VARA grants 'initial approval' to crypto firm WadzPay

The license allows WadzPay to begin preparing to provide virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities.

Slumdog billionaire 2: ‘Top 10… brings no satisfaction’ says Polygon’s Sandeep Nailwal

Polygon co-founder Sandeep Nailwal won’t be happy until the project is successful enough to stand alongside Bitcoin and Ethereum.

ProShares announces launch of short Ether-linked ETF

ProShares’s new Short Ether Strategy ETF is set to start trading on the NYSE Arca under the ticker symbol SETH.

Crypto remittances offer cheaper alternative, but still face challenges to adoption

Crypto remittances are a lifeline for many people who need to send money to their loved ones, as they provide faster, cheaper and more transparent transactions than traditional methods.

Hashing It Out: Roofstock onChain vice president explains how Web3 and real estate interact

Sanjay Raghavan believes that the tokenization of real estate could bring Web3 adoption and provide a diversification alternative for crypto natives.

SafeMoon hacker’s use of centralized exchanges could help law enforcement: Match System

SafeMoon was exploited in March earlier this year after a smart contract update led to a burn call vulnerability allowing hackers to transfer funds.

Hong Kong issues rules for asset tokenization as interest mounts

Hong Kong's securities regulator, the SFC, treats tokenized securities like traditional securities, subject to the same legal and regulatory norms.

PayPal faces SEC action related to PYUSD stablecoin: Report

PayPal was the first large fintech firm to adopt digital currencies for payments and transfers after launching its stablecoin in August.

Swiss wholesale CBDC pilot kicks off in alliance with central, commercial banks

The Swiss wCBDC pilot project will be hosted on SDX and use the infrastructure of Swiss Interbank Clearing.

Ripple’s legal chief questions SEC case losses under Gensler

Stuart Alderoty expressed concern about the SEC’s repeated arbitrary and capricious actions in court cases, suggesting a troubling pattern under Gensler’s leadership.

UK seeks six crypto investigators to beef up National Crime Agency

The role demands candidates to have the ability to provide strategic and tactical advice to crypto investigations, among other investigative qualities.

Abu Dhabi Global Market introduces comprehensive DLT Foundations Regulations

The ADGM’s new regulatory framework is the first of its kind in the world, it says. The free financial zone is already a hub of crypto activity.

​​JPEX scandal won’t hurt Hong Kong crypto vision: Financial Secretary

Christopher Hui took the stage at Fintech Week and outlined a list of regulatory moves Hong Kong authorities are looking to implement following the JPEX scandal.

SafeMoon executive team charged with multiple fraud counts, arrests made

According to charges, the men misappropriated $200 million in investor funds to spend on a luxurious lifestyle.

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