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Hong Kong Regulators Propose Licenses for Stablecoin Issuers
Hong Kong's financial authorities have released a public consultation paper that details a legislative proposal for regulating stablecoin issuers. The aim is to ensure the region's virtual asset ecosystem is developed securely to protect investors. Fiat-Referenced Stablecoins Will be Accepted... -
Alibaba Stock Falls as China’s Dreaded Tech Crackdown Is Back
Chinese tech stocks including Alibaba (NYSE: BABA) fell last week after China cracked down on tech again and proposed restrictions on online gaming, a sector that it targeted previously as well. Tech names like Tencent and NetEase lost billions of... -
Tesla Recall Woes Intensify as Norway Begins Suspension Failure Probe
Tesla’s recall woes could intensify as Norway’s traffic safety regulator has launched an inquiry into suspension failures. Tesla recently recalled all its vehicles in the US to update software. After complaints by some owners in the country, the regulator is... -
FDIC Finalizes New Rules to Curb False Advertising, Misrepresentation of Deposit Insurance Coverage
The Federal Deposit Insurance Corporation (FDIC) has recently concluded the formulation of new regulations that specifically pertain to the use of its official name and logo in financial promotions. FDIC Extends to Digital Channels In a December 20 press release,... -
Solana’s BONK Meme Coin Surge Boosts Saga Phone to $5,000 on eBay Frenzy
The Solana Saga phone was struggling to find buyers at first, but things turned around suddenly. Now, everyone's crazy about it, and they're willing to pay up to $5,000 on Ebay. However, this big price jump happened because of a... -
Ripple Obtains Regulatory Approval to Offer Digital Asset Services in Ireland
Cryptocurrency payment firm Ripple has successfully obtained a Virtual Asset Service Provider (VASP) license from the Central Bank of Ireland (CBI). Deep Dive Into Ripple's Latest Expansion In a press release dated December 20, Ripple announced that it has received... -
Binance to Pay Previous $2.7B Penalty to CFTC, CZ Also Involved
The world's largest crypto exchange, Binance, has seen its earlier penalty ratified by the US justice system. CZ to Pay $150 Million For CFTC Penalty According to a Commodity Futures Trading Commission (CFTC) press release, the US District Court for... -
Nikola Founder Trevor Milton Sentenced to Prison for Fraud
Nikola (NYSE: NKLA) founder Trevor Milton has been sentenced to a four-year prison for defrauding investors. Trevor made fraudulent claims about Nikola’s abilities to pump up its share price but eventually, the bubble burst. Trevor wept at the hearing and... -
EVM Ordinal Inscriptions Propel Gas Fee to $8.3M Across Multiple Protocols
The Ordinal inscriptions frenzy is gradually hitting several blockchain protocols at once. According to a report, the gas fee for Ordinals inscriptions surged to $8.3 million over the weekend. Ordinals No Longer Bitcoin-focused Ordinals, a non-fungible token (NFT) collectible known... -
Bitcoin’s March to $100,000 and ORDI BRC20 Token’s Surge: Fueling a New Era of Crypto Boom
Bitget, a major player in crypto derivatives, recently shared a positive prediction about Bitcoin. They suggest that Bitcoin might hit $100,000 in the next bull market. Additionally, they're optimistic about the ORDI BRC20 token, expecting it to gain prominence in...
