Hong Kong SFC Issues 2 Circulars for Digital Asset Tokenization
Hong Kong’s securities regulatory authority has issued two circulars to regulate the tokenization of digital assets, aiming to treat tokenized securities like traditional securities, subject to the same legal and regulatory norms. In these circulars, the Securities and Futures Commission (SFC) provided instructions to intermediaries participating in tokenized securities activities and defined the criteria for […]
Elon Musk Criticizes NFTs While Defending Bitcoin Ordinals
Elon Musk argued that NFT initiatives “should at least encode the JPEG in the blockchain,” much to the delight of Bitcoin enthusiasts. During a podcast where he mocked non-fungible tokens (NFTs), Tesla CEO and billionaire Elon Musk may have inadvertently bolstered the case for Bitcoin Ordinals, also known as Bitcoin NFTs. “The funny thing is […]
Ripple Legal Chief Questions US SEC Chair’s String of Losses
Since the verdict in the XRP lawsuit in July 2023, the US SEC has been on a downward trajectory, raising questions it’s legal allegiance. Stuart Alderoty, the Chief Legal Officer of Ripple, expressed concern regarding the U.S. Securities and Exchange Commission’s (SEC) recent losing streak in court cases under the direction of Gary Gensler. His […]
MicroStrategy Expands Bitcoin Holdings With $5.3M Purchase
MicroStrategy expands its Bitcoin holdings with a $5.3M investment and now holds over 158,400 BTC as it embraces the future of cryptocurrencies. MicroStrategy has strategically added 155 bitcoins to its cryptocurrency portfolio by purchasing them for $5.3 million. Michael Saylor, the chairman, announced an increase in Bitcoin’s market value, noting that the price has reached […]