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SEC Secures Victory as US Judge Rules Terra ‘Stablecoin,’ Other Tokens are Securities
A United States federal judge has ruled that Terraform Labs and its former CEO, Do Kwon, violated the law by not registering two digital currencies that collapsed in 2022. Howey Test Remains Relevant in Investment Contract Ruling U.S. Federal Judge... -
Donald Trump Sells 1,075 Ethereum Generated from NFT Collections: Arkham Intelligence
Former U.S. President Donald Trump has sold 1,075 ETH, amounting to $2.4 million, from his non-fungible token (NFT) mugshot collections, according to Arkram Intelligence. Trump's NFT Cashout on Frenzy In a recent development, an Ethereum wallet associated with former U.S.... -
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...
