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CFTC's New Enforcement Action Raises Jurisdictional Concerns Over Crypto Derivatives

The Commodity Futures Trading Commission (CFTC), a regulatory body overseeing commodity and derivatives markets in the United States, has once again asserted its authority in the rapidly evolving world of cryptocurrency. On March 26, 2024, the CFTC filed a complaint in the U.S. District Court for the Southern District of New York, taking action against … Continue reading CFTC's New Enforcement Action Raises Jurisdictional Concerns Over Crypto Derivatives

BIS and Global Central Banks to Explore Asset Tokenization in "Project Agora"

The Bank for International Settlements (BIS) has announced a collaborative initiative with several central banks from various countries, including France, Japan, South Korea, Mexico, Switzerland, the UK, and the US Federal Reserve Banks, to explore the potential benefits and implications of asset tokenization within the global monetary system. The initiative, dubbed “Project Agora,” aims to … Continue reading BIS and Global Central Banks to Explore Asset Tokenization in "Project Agora"

Nvidia to Construct $200M AI Center in Indonesia, Boosting Local AI Talent

Nvidia, the renowned artificial intelligence (AI) and graphics processor manufacturer, has announced a significant partnership with Indonesia’s government and the country’s telecom giant Indosat Ooredoo to set up a state-of-the-art AI center in Surakarta, Central Java. This collaboration underscores the increasing global interest in AI and the strategic importance of Southeast Asia in the technology … Continue reading Nvidia to Construct $200M AI Center in Indonesia, Boosting Local AI Talent

Bithumb Designates SANTOS, PORTO, and LAZIO Tokens as Investment Warning Assets

As South Korea’s premier digital asset platform, Bithumb has continually prioritized investor protection through its rigorous trading support policies and oversight of supported digital assets. In a recent announcement, Bithumb has notified users of its decision to designate three football club tokens—SANTOS FC (SANTOS), FC PORTO (PORTO), and SS LAZIO (LAZIO)—as Investment Warning assets. This … Continue reading Bithumb Designates SANTOS, PORTO, and LAZIO Tokens as Investment Warning Assets

Terraform Labs and Do Kwon Held Liable for Securities Fraud by NY Jury

A jury in the US District Court for the Southern District of New York has found Terraform Labs and its co-founder Do Kwon liable for defrauding investors. The verdict was handed down after deliberations that declared the company had engaged in the unlawful offering and selling of crypto asset securities, bypassing the regulatory framework established … Continue reading Terraform Labs and Do Kwon Held Liable for Securities Fraud by NY Jury