Overview of Stobox and Its Impressive Market Performance Stobox (STBU), a blockchain solutions provider, has made significant strides in the crypto market, gaining over 5,000% in 2023. The company focuses on products and services for issuing, managing, and trading compliant crypto tokens, capitalizing on the growing trend of real-world asset (RWA) tokenization. Exploring Stobox’s Offerings...
Crypto
Argentina Legalizes Contracts in Cryptocurrencies and Other Non-Traditional Units
Innovative Change in Argentina’s Contract Law Argentina has made a groundbreaking change to its contract law, now allowing agreements to be executed in various currencies, including cryptocurrencies like Bitcoin, and in unconventional units such as kilograms of beef and liters of milk. This change was confirmed by Foreign Minister Diana Mondino via a social media...
Upcoming High-Level Talks Between Korean SEC and FSS on Cryptocurrency Regulations
Key Regulatory Meeting Set for January Lee Bok-hyun, the head of South Korea’s Financial Supervisory Service (FSS), is scheduled to meet with Gary Gensler, chair of the United States Securities and Exchange Commission (SEC), in January. This meeting, reported by Chosunbiz on December 18, is a strategic move to discuss the state and future supervisory...
Russia Explores Exporting Mined Cryptocurrencies
Cryptocurrency Mining as a Potential Export Industry Russia is considering a new proposal that would categorize cryptocurrencies mined within the country as export products. Deputy Finance Minister Ivan Chebeskov announced this initiative during a recent roundtable discussion titled “Cryptocurrency and the Future of Digital Finance.” Draft Legislation Modeled After Natural Gas Exports The draft legislation...
KuCoin Settles New York Lawsuit with $22 Million Payment
KuCoin Exits New York Market Following Legal Settlement KuCoin, a major player in the global cryptocurrency exchange market, has agreed to a settlement that includes exiting the New York market and paying $22 million. This move comes as a response to a lawsuit filed by New York’s Attorney General Letitia James. Lawsuit Allegations and Settlement...
Cryptocurrency Scam Costs Hongkongers HK$120 Million: Late Warning Criticized
Over 130 residents of Hong Kong have fallen prey to a cryptocurrency scam involving the Hounax platform, with total losses amounting to approximately HK$120 million (US$15.4 million). Victims and lawmakers have criticized the Securities and Futures Commission (SFC) for issuing a late warning, as many had already invested in the platform. Details of the Scam...
Uranium3o8: A New Uranium-Linked Token Enters the Crypto Market
In an innovative move, the blockchain industry has introduced a new uranium-linked token, Uranium3o8 (U), which began trading on Uniswap. This token aims to revolutionize the way uranium, a crucial metal for nuclear energy production, is traded. Bridging Uranium and Blockchain Madison Metals Inc., a Canadian public uranium exploration and development firm, backs the U...
$9 Million in Illicit Cryptocurrency Seized in Silicon Valley Cyber Scam Crackdown
Federal authorities have seized $9 million in cryptocurrency from a Silicon Valley-based cyber scam organization. This group reportedly defrauded over 70 individuals using romance and cryptocurrency confidence schemes, according to the U.S. Attorney’s Office for the Northern District of California. Tracing and Seizing Illegal Crypto Funds The Department of Justice and the U.S. Secret Service’s...
New Zealand’s Simple Crypto Launches NZ Dollar-Backed Stablecoin
Simple Crypto, a leading cryptocurrency retailer based in Auckland, New Zealand, is introducing its first stablecoin, NZDD, backed one-to-one by the New Zealand dollar. This move marks a significant development in bridging traditional finance with the digital age. NZDD: A Stablecoin for Seamless Transactions The NZDD coin is designed to provide a stable and efficient...
Crypto Landscape Post-Sam Bankman-Fried: Insights and Future Directions
The crypto world has been shaken by the recent verdict against Sam Bankman-Fried, founder of the now-bankrupt FTX cryptocurrency exchange. Found guilty on all charges, including fraud and money laundering, his case has prompted a reevaluation within the crypto community. Marketplace’s Matt Levin talked to Laura Shin, a crypto journalist and podcast host, about the...