Welcome to the United Kingdom — Please hand over your crypto

Coronavirus lockdowns caused the global event organizer to take a new direction, launching a record label and selling digital art. 1960 Total views 11 Total shares International party brand Space Yacht is preparing to drop its second collection of nonfungible token artworks on the Nifty Gateway marketplace on Wednesday.Titled the “Space Yacht Iconography Collection,” the NFTs feature…

The sanctions were part of an international effort aimed at “[disrupting the] proliferation of malicious cybercrime services, dangerous drugs and other illegal offerings.” 517 Total views 64 Total shares The United States Department of the Treasury’s Office of Foreign Assets Control has announced it will impose sanctions on darknet market Hydra and virtual currency exchange…

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.  Victory for the regulatorsAfter a tumultuous summer of crackdowns, the Chinese regulators are declaring their victory in eliminating illegal cryptocurrency trading activities in the…

Following a warning from the national watchdog earlier this month, regional authorities across the United Kingdom say Bitcoin scammers are using the coronavirus crisis to hoax citizens. In a series of consumer fraud alerts published throughout March, Manchester city council and the counties of Pembrokeshire and Norfolk echoed the Financial Conduct Authority (FCA)’s caution against “sophisticated”…

Despite a blanket ban on cryptocurrencies imposed by Beijing in 2021, many Chinese courts over the years have established that virtual asset holders have property rights. 245 Total views 7 Total shares People’s courts in China exercise judicial power independently and are not subject to interference by an administrative or public organization. These courts try

Crypto exchange Uphold has denied owing around $784 million to the liquidation trust of bankrupt crypto investment platform Cred.At a court hearing on Jan. 11, Uphold filed a motion to dismiss all counts in the suit served against the firm by Cred in June 2022.Cred was a crypto lending service that filed chapter 11 bankruptcy…

India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions.

To mitigate risks associated with public blockchain networks, the paper proposed appointing an entity with the authority to “control and limit access” to cryptocurrency assets.

Global investment bank Nomura, hardware wallet manufacturer Ledger, and digital asset manager CoinShares, have released an institutional-grade custody platform to the wider market. 165 Total views 9 Total shares Global investment bank Nomura, digital asset manager CoinShares, and hardware wallet manufacturer Ledger, have finally launched their institutional-grade custody platform Komainu to the wider market.They’re billing…