XRP Attorney Lays out Ripple’s Removal From NY Greenlist
John Deaton, the legal counsel for over 75,000 XRP token holders in the Ripple vs. SEC litigation, discussed New York developments. He claims that these actions have no “political or punitive” motivations. The New York Department of Financial Services (DFS) has garnered attention for its recent action of removing Ripple and Dogecoin from its list […]
Binance Backs Horizen (ZEN) Hard Fork & Network Upgrade
Binance declares in two phases its support for the Horizen (ZEN) network upgrade and hard fork. Withdrawals and deposits will be temporarily halted. Binance has officially announced its endorsement of the forthcoming network upgrade and hard fork for Horizen (ZEN), which will unfold in two sequential phases. The initial phase will commence at block height […]
North Korea Hackers Transfer $21.9M To Russian Exchange
Chainalysis discovered that North Korean hackers stole $21.9 million in cryptocurrencies and sent it to a Russian cryptocurrency exchange notorious for illicit operations. Recently, Chainalysis revealed alarming findings indicating North Korean hackers have funneled $21.9 million in stolen cryptocurrencies to a notorious Russian cryptocurrency exchange that facilitates illicit transactions. This disclosure sheds light on a broader […]
HKMA Warns Crypto ‘Banks’ Against Misleading Claims
The Hong Kong Monetary Authority (HKMA) has warned virtual asset institutions against falsely claiming to be “crypto banks,” “virtual asset banks,” “digital asset banks,” “digital banks,” or “digital transaction banks” on its website. These institutions must refrain from promoting their services as “banking services” or “bank accounts,” using the term “deposit” to depict customer funds, […]
NYDFS Introduces Cryptocurrency Oversight Improvements
FOX Business reporter Eleanor Terrett conveyed latest NYDFS crypto policy changes . These changes aim to improve crypto security and transparency. The NYDFS will no longer permit cryptocurrency firms operating in New York State to self-certify the adoption and listing of new tokens, effective immediately. This decision signifies a significant policy shift to ensure that all […]