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US District Court Sanctions SEC Over Misconduct in Debt Box Litigation

US District Court Sanctions SEC Over Misconduct in Debt Box Litigation

US District Court Judge Robert J. Shelby reprimands the SEC for "bad faith" conduct, imposing sanctions amid Debt Box lawsuit proceedings.

Standard Chartered's Virtual Bank, Mox Will Usher in New Era of Banking for Hong Kong

Standard Chartered's Virtual Bank, Mox Will Usher in New Era of Banking for Hong Kong

Mox Bank Limited, or Mox, the new virtual bank in Hong Kong recently launched by Standard Chartered, has now been made available to select customers via invitation in an external pilot. The aim of the pilot is to prepare the state-of-art virtual bank for the public launch scheduled for later this year.

HKMA Initiates Stablecoin Issuer Sandbox Program

HKMA Initiates Stablecoin Issuer Sandbox Program

The HKMA has announced the launch of a stablecoin issuer sandbox, a step forward for fintech innovation in Hong Kong, aligning with regulatory oversight.

Metaverse Giants Collaborate to Form DAO Metaverse Alliance

Metaverse Giants Collaborate to Form DAO Metaverse Alliance

Metaverse developers have collaborated to form the DAO Metaverse called "Open Metaverse Alliance for Web3" (OMA3), aiming to provide enterprises with new decentralized business models.

Animoca Brands to Focus on Markets Outside U.S. after SEC Labels Sand Cryptocurrency an Unregistered Security

Animoca Brands to Focus on Markets Outside U.S. after SEC Labels Sand Cryptocurrency an Unregistered Security

Hong Kong-based blockchain giant, Animoca Brands, has announced its plans to shift its focus to markets outside the U.S.

R3 Highlights the Transformative Potential of Tokenization in Finance

R3 Highlights the Transformative Potential of Tokenization in Finance

R3, a leading enterprise blockchain software firm, discusses the transformative potential of tokenization in the financial sector. The company emphasizes the need for regulatory frameworks and industry standards to unlock the full benefits of digital assets. According to a June 2023 report from Bernstein, $5 trillion in assets could be tokenized in the next five years, offering significant opportunities for market participants.

Fox Corp Leads a $100M Strategic Investment in Blockchain Digital Content Management Company Eluvio

Fox Corp Leads a $100M Strategic Investment in Blockchain Digital Content Management Company Eluvio

U.S. media giant Fox Corp announced a $100 million strategic investment in Eluvio, a blockchain digital content management company to expand the Non-fungible token (NFT) business.

SEC Withdraws Lawsuit Against Debt Box Amid Misleading Evidence Controversy

SEC Withdraws Lawsuit Against Debt Box Amid Misleading Evidence Controversy

The SEC has withdrawn its lawsuit against Debt Box, accusing it of a $50 million fraudulent scheme, paving the way for future charges and a significant shift in crypto firm regulatory landscape.

OpenAI Negotiates Licensing with Major Media Amid NY Times Copyright Dispute

OpenAI Negotiates Licensing with Major Media Amid NY Times Copyright Dispute

OpenAI is negotiating content licensing with major media outlets like CNN, Fox, and Time, amidst a copyright lawsuit with The New York Times. The talks highlight the evolving relationship between AI technology and media copyright, with issues like fair compensation and legal clarity at the forefront.

Mt.Gox Sets Jan 10 as Deadline for Creditors to Register for Compensation

Mt.Gox Sets Jan 10 as Deadline for Creditors to Register for Compensation

There seems to be a beam of light for customers of bitcoin exchange operator Mt.Gox as a date has been set for creditors to register and choose a repayment plan for them to recover their lost funds

Samsung Electronics to Secure its Smart Gadgets With Blockchain-Based Solution

Samsung Electronics to Secure its Smart Gadgets With Blockchain-Based Solution

Multinational tech giant, Samsung Electronics has unveiled its plans to protect its connected devices using a Samsung Knox Matrix solution

Brazilian Crypto Exchange Foxbit Raises $21M in Series A funding, Led by OK Group

Brazilian Crypto Exchange Foxbit Raises $21M in Series A funding, Led by OK Group

Brazilan Cryptocurrency exchange Foxbit announced that it has raised $21 million in a Series A round led by OK Group, owner of cryptocurrency exchange Okcoin.

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