Market News

Bank of England and the FCA launch the Digital Securities Sandbox (DSS)

October 2, 2024 1 min read

The UK is stepping into the future of finance with the launch of the Digital Securities Sandbox (DSS) on September 30, a collaborative initiative by the Bank of England and the Financial Conduct Authority (FCA). This innovative sandbox allows businesses to explore the transformative potential of digital ledger technology (DLT) in the realms of notary, maintenance, and settlement processes for financial securities. The FCA recognizes that DLT can enhance market

Spheron Introduces Fizz Node for Flexible AI Compute Resources

October 2, 2024 3 mins read

Spheron, a decentralized platform harnessing compute resources, has announced the launch of Fizz Nodes, allowing users to participate in the Spheron network and earn rewards by providing computational resources to deploy AI workloads on the edge, without the rigorous reliability requirements of traditional provider node.  Fizz Nodes offer a more accessible way for individuals to participate in the decentralized network by providing GPU and CPU resources, while adhering to a more

The SEC has just days left to decide if it will appeal the Ripple case ruling

October 1, 2024 1 min read

The Ripple case is heating up as the SEC’s deadline to appeal approaches on October 7, 2024. Pro-XRP attorney Fred Rispoli believes there’s a strong chance the SEC will challenge the recent ruling that favored Ripple, which could limit the classification of XRP sales as securities. Rispoli estimates a 60/40 split in favor of an appeal, emphasizing the high stakes involved for the SEC. Legal experts, including John Deaton and

Matrixport announces the all-cash acquisition of Crypto Finance

September 30, 2024 1 min read

In a significant move within the crypto landscape, Matrixport, a prominent crypto financial services provider, has successfully acquired Crypto Finance (Asset Management) AG (CFAM), a Swiss-based investment solutions firm. This acquisition, finalized on September 30, was executed as an all-cash deal and will see CFAM rebranded as Matrixport Asset Management AG. The CFAM unit was previously part of the Crypto Finance Group, which is owned by the Deutsche Börse Group.

Roman Storm will face trial for alleged money laundering via Tornado Cash

September 28, 2024 1 min read

In a significant development for the cryptocurrency world, Roman Storm, co-founder of the controversial mixing service Tornado Cash, is gearing up for a trial set to commence on December 2, 2024, in New York. This follows a recent ruling by District Judge Katherine Polk Failla of the Southern District of New York, who denied Storm’s motion to dismiss serious money laundering charges against him. Storm, alongside his co-founder Roman Semenov,

UK Gambling Commission charges Sorare for providing unlicensed gambling services

September 28, 2024 1 min read

The UK Gambling Commission has initiated legal proceedings against Sorare, a blockchain-based fantasy sports platform, alleging that it operates unlicensed gambling facilities. Sorare, which is based in France, allows users to collect and trade non-fungible tokens (NFTs) linked to real-life athletes and fantasy sports teams. The platform has been under investigation since October 2021, but the Commission has kept its findings largely confidential until now. A court appearance is scheduled

A judge orders a fraudster to pay over $36 million in fines and restitution

September 23, 2024 1 min read

A federal judge has mandated that William Koo Ichioka pay more than $36 million in fines and restitution for his involvement in a fraudulent crypto and forex operation. The U.S. Commodity Futures Trading Commission (CFTC) issued the order on September 20. Ichioka was mandated to remit $31 million in restitution and a $5 million civil penalty. He was prohibited from trading in CFTC-regulated markets and from registering with the CFTC.

Kamala Harris pledges to expand crypto and AI sectors in her presidential campaign

September 23, 2024 1 min read

Kamala Harris, the Democratic contender for the 2024 presidential election, has committed to promoting the artificial intelligence and crypto industries, representing her initial substantial endorsement of crypto during her campaign. Harris underscored the significance of investing in America’s competitiveness and promoting breakthrough technologies such as AI and digital assets, while safeguarding consumers and investors. This commitment has garnered backing from prominent individuals in the crypto sector, including Chris Larsen, co-founder

The SEC approves options trading for BlackRock’s Bitcoin ETF with strict oversight

September 22, 2024 1 min read

The US Securities and Exchange Commission (SEC) has sanctioned options trading on BlackRock’s iShares Bitcoin Trust (IBIT), offering investors a novel instrument for hedging and mitigating risks associated with Bitcoin’s valuation. The options will function comparably to existing ETF options traded on US markets and will be subject to rigorous surveillance and control. Significant modifications in the clearance procedure encompass conservative stances and exercise limitations, restricting options to 25,000 contracts,

Oracle Integrity Staking introduces accountability and rewards for Pyth network participants

September 22, 2024 1 min read

Oracle Integrity Staking (OIS) is a novel feature implemented by the Pyth Network to augment data source accountability through the introduction of staking rewards and slashing processes. This enhancement seeks to ensure superior real-time price feeds throughout the DeFi ecosystem. The decentralized staking system enables PYTH token holders and data publishers to stake tokens and earn rewards based on the quality of the data supplied. In addition to these incentives,

The CFTC secures a $36 million fine and prison sentence against crypto scammer

September 22, 2024 1 min read

The US Commodity Futures Trading Commission (CFTC) has secured a $36 million penalty against William Koo Ichioka, a perpetrator of currency and digital asset fraud. The case, initiated in June 2023, encompassed accusations of wire fraud, fraudulent tax returns, and stocks and commodities fraud. The CFTC determined that Ichioka allocated a significant portion of the monies for personal expenditures, encompassing luxury goods and lavish acquisitions. To sustain his deceitful enterprise,

A wallet associated with Ethereum co-founder Vitalik Buterin moves $3,170,000 in Ethereum (ETH)

September 21, 2024 1 min read

Ethereum co-founder Vitalik Buterin has made significant ETH transfers, causing speculation in the crypto community. The wallet “0xD04daa” transferred 1,300 ETH, valued at around $3.17 million, to an external address labeled “0x5567A,” which was triggered by the 6.3% increase in Ethereum’s price. The move has sparked speculation about potential profit-taking motives. Shortly after receiving the funds, the wallet “0x5567A” transferred 74.17 ETH, valued at approximately $181,000, to Paxos, a well-known