June 9, 2023 By Sharan Kaur Phillora The U.S. Securities and Exchange Commission (SEC) has recently targeted two of the most prominent cryptocurrency exchanges, Binance and Coinbase, with legal action. Here’s what we know:  On June 5, Binance found itself in the SEC’s crosshairs, accused of dealing in unregistered securities. The day following, the SEC […]

June 8, 2023 By Murtuza Merchant Two technologies, Artificial Intelligence (AI) and blockchain, have reshaped various sectors in recent times. AI’s transformative impact is notable across diverse industries, while blockchain, with the advent of cryptocurrencies, has been redefining the financial domain.  The latest innovation wave emerges from the fusion of these two disruptive technologies, giving

June 8, 2023 By Dr. MC Shirley Yeung For SYART Museum and SYART Life Shop project owner, Mr. Song Yang (an experienced  IP creator and renowned art entrepreneur), collecting information to conserve and revitalise the intangible cultural values is the hardest part of the project.  Persistence and multidisciplinary knowledge of local and overseas professionals in

June 8, 2023 By Sharan Kaur Phillora Louis Vuitton, the renowned French luxury brand, is preparing to launch a novel collection of non-fungible tokens (NFTs) tied to physical assets, dubbed Via Treasure Trunks, opening up the avenue for members-only merchandise and experiences. The high-end fashion brand has revealed its intention to issue 42,000 NFTs linked

June 7, 2023 By Anjali Kochhar In a shocking turn of events, the developers of Atomic Wallet are currently investigating a large-scale theft of cryptocurrency from users’ wallets, resulting in the loss of over $35 million. Atomic Wallet, a popular mobile and desktop crypto wallet that supports various cryptocurrencies, including Bitcoin, Ethereum, and many others,

June 7, 2023 By Anjali Kochhar Bhutan’s involvement in crypto mining became the talk of the town when Forbes in April 2023, published a report, alleging that Druk Holding and Investments Ltd. (DHI), Bhutan’s national investment company, had purchased digital assets worth millions of dollars from two bankrupt cryptocurrency lenders – BlockFi and Celsius. Bhutan

June 6, 2023 By Anjali Kochhar Crypto.com, a leading cryptocurrency exchange, has successfully completed its licensing process in Singapore, solidifying its presence in the city-state. The exchange had previously obtained in-principle approval from the Monetary Authority of Singapore (MAS) in June of last year. The recent development comes as Crypto.com has been granted the Major Payment

June 6, 2023 By Sharan Kaur Phillora Binance, the world’s largest crypto exchange, operated illegally in the US, the US Securities and Exchange Commission alleges in a new lawsuit. Changpeng Zhao, the exchange’s founder, was named in the suit as well. Here’s what we know:  According to the complaint filed by the SEC on Monday

June 6, 2023 By Tsering Namgyal The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) has agreed to beef up cooperation in regulating virtual assets, amongst other areas, during a meeting last week. The two central banks are reportedly planning to form a “joint working group” to push forward

June 6, 2023 By Sharan Kaur Phillora The CEO of Multichain, a leading cross-chain bridging protocol, is reportedly unreachable, according to a recent company statement. The unanticipated turn of events has sparked multiple issues in its cross-chain bridges over the past couple of days. Here’s what we know:  Unable to get in touch with CEO