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The United Kingdom’s Treasury Department has put forth a proposal to exclude unbacked crypto assets and derivatives from its plans for a digital securities sandbox. The proposal aims to provide the government with time to modify existing legislation, if necessary, for crypto products through regulatory sandboxes established under the Financial Services and Markets Act. The

As we continue to journey through the digital age, it’s clear that the role of blockchain technology in reshaping our world is undeniable. From creating secure, decentralized networks to facilitating seamless transactions, blockchain’s influence extends across various sectors. In particular, the emergence of blockchain infrastructure platforms has revolutionized how we develop and deploy digital applications.

In the aftermath of several global incidents that severely damaged trust in the cryptocurrency space, some crypto projects are striving to regain credibility by undergoing processes that ensure compliance with specific business standards, particularly in terms of handling customer data securely. To this end, numerous firms have issued press releases proclaiming their successful completion of

Arcadia Finance, a noncustodial decentralized finance (DeFi) protocol, fell victim to a hack in which approximately $455,000 worth of funds were drained from its Ethereum and Optimism vaults. The exploit was made possible by a code vulnerability within the protocol. PeckShield, a blockchain investigator, raised the alarm about the hack and identified the cause as

Multichain’s operations have come to a halt following an unexplained transfer of millions of dollars’ worth of crypto assets on July 6. In response to suspicious activity involving the cross-chain router protocol Multichain, stablecoin issuers Circle and Tether have frozen over $65 million in connected assets. The incident involved significant outflows from the Multichain MPC

Ripple Labs, a pioneer in digital payments and blockchain technology, has unveiled an ambitious pilot program that aims to revolutionize the real estate industry through the power of tokenization. By leveraging Ripple’s Central Bank Digital Currency (CBDC) platform, the initiative intends to enable users to tokenize real estate assets and utilize them as collateral for

Coinbase, a prominent cryptocurrency exchange, has been hit by a wave of security incidents, with reports emerging on Twitter of scammers exploiting the company’s domain name. Concerned users have taken to the social media platform to share their experiences of scams and phishing attacks involving Coinbase’s services and applications. These incidents have raised alarm bells

In a recent report, JPMorgan stated that the approval of a spot Bitcoin exchange-traded fund (ETF) would not be a game changer for the crypto markets, although it could provide certain benefits to the leading cryptocurrency. According to the analysis, which was written by Nikolaos Panigirtzoglou, Managing Director at JPMorgan’s global market strategy team, a

In a move mirroring recent filings from other asset managers like BlackRock and Fidelity, the Nasdaq stock exchange resubmitted a proposal for a spot Bitcoin exchange-traded fund (ETF) in the United States, with the notable addition of a “surveillance-sharing agreement” involving Coinbase. According to the filing with the Securities and Exchange Commission (SEC), the application was

The Reserve Bank of India (RBI) has engaged in negotiations with central banks from at least 18 other countries to explore the potential of cross-border payments utilizing its central bank digital currency (CBDC), commonly known as the “digital rupee.” The RBI’s ambitious plans for India’s CBDC in the realm of foreign trade were reported by