The Israel Securities Authority (ISA) recently ruled that utility tokens issued by companies are securities and, therefore, cannot be classified as assets. The ISA’s decision comes after Israeli tech startup Kirobo sought to convince the regulator that its planned token issuance did not amount to a security offering. Token Value Growth However, in response to Kirobo’s claims, the ISA published […]

The lead investor in Ripple’s $200 million Series C funding has filed a lawsuit in Delaware Chancery Court, Bloomberg reports. The company is asking to “enforce its contractual right to require Ripple to redeem” Series C preferred stock. The lawsuit is coming weeks after the SEC sued Ripple for selling XRP which it calls an unregistered security. Ripple CEO Brad […]

Bitcoin investing makes sense as part of an investment portfolio in this current economic environment with a weak dollar, former U.S. Federal Reserve governor Kevin Warsh said during a Squawk CNBC interview. Warsh said that part of the current large inflow of funds into bitcoin has come from gold. “I guess if you are under 40 bitcoin is your new […]

Bitcoin’s rally has been heating up as of late, with bulls taking full control of its price action as they sent its price rocketing past its previous all-time highs overnight This rally didn’t last for too long, as an influx of selling pressure around $36,000 slowed its ascent and caused it to reel towards $34,000 It has been consolidating around […]

Standard Chartered announced on Wednesday that it has named Tracy Wong Harris as Head of Sustainable Finance for Greater China and North Asia (GCNA), effective immediately. Recently announced in a press release, Tracy Wong Harris, a financial executive, has joined Standard Chartered, a leading international banking group, as its new Head of Sustainable Finance for GCNA to focus on the Bank’s […]

Crypto figureheads rarely make public their portfolio but one of the original architects of the XRP ledger and Ripple CTO, David Schwartz unveiled his crypto holdings. He made this known through his Twitter account after an inquiry from another account with the handle “TheDustyBC”. XRP claimed the number one spot in the list which he made according to position size […]

With just two weeks left in office, President Donald Trump has sent out a new executive order targeting Chinese payment apps.  The Tuesday order bars United States citizens or people located in the U.S. from using nine Chinese payment apps. It continues the White House’s earlier efforts to cut off the U.S. market from Chinese-owned apps like TikTok. Yesterday’s order repeats earlier […]

CME Group announced that it has fined StoneX, a financial services company, for a rule violation. The Group mentioned that StoneX failed to properly document orders. According to the official details of the notice, between 1 April 2020 and 30 June 2020, StoneX did not comply with documentary requirements outlined by CME in Market Regulation Advisory Notice (MRAN). The Group […]

Softbank Corp, the telecoms arm of the Japanese conglomerate Softbank Group, has confirmed its membership of the Japanese Security Token Association.  The company now joins other firms like Mitsui Trust and Qunie — the consulting subsidiary of NTT Data — as members of the crypto advocacy body. The JSTA also includes crypto and blockchain member firms like security token platform […]