Terra Luna Classic Stops USTC Minting To Revive Chain
Terra Luna Classic, a fork of the Terra blockchain, has passed a key proposal to stop the minting of its stablecoin USTC, which has been trading below its target value of $1. The move is expected to help the recovery of the Terra Luna Classic chain and its native token, LUNC, which have both suffered […]
Singapore Startup Dtcpay Launches Retail Crypto Payments System
Singapore-based dtcpay is launching a payment system that will use fiat and cryptocurrencies for in-store and online payments. In its announcement, the corporation highlighted Bitcoin (BTC $37,190), Ether (ETH $2,078), and Tether (USDT $1.00). The business is collaborating with Allinpay International to develop smart terminals and a digital interface and with open-source blockchain PlatON to […]
Indian Supreme Court Dismisses Cryptocurrency Petition
A Public Interest Litigation (PIL) that sought to create rules and a set of principles for cryptocurrency trading in India was denied consideration by the Indian Supreme Court. After hearing the case, the bench led by the Chief Justice of India (CJI) reportedly stated that the petitioner’s claims are more legislative in character. The panel, […]
FTX Sues Bybit in Lawsuit Aiming to Recover $953 Million
Crypto exchange FTX’s bankruptcy advisers filed a lawsuit against Bybit Fintech Ltd. to reclaim cash and digital assets valued at an astounding $953 million. According to the counsel, ByBit allegedly withdrew all of the funds shortly before FTX filed for Chapter 11 bankruptcy in November. The action, submitted on Friday, November 10, to a Delaware […]
China Criminalizes Stealing NFTs, Digital Collections
China’s recent proclamation, issued on Nov. 10, heralds a transformative shift in the legal landscape surrounding digital assets. The formal announcement by the Chinese government that the theft of digital collections, including NFTs, will be regarded as property theft is a major change in the country’s policy regarding the regulation of digital assets. Regarding the […]