Ripple has recently announced that Yonsei University in South Korea has joined its University Blockchain Research Initiative (UBRI) program. This collaboration marks the addition of another prestigious academic institution to Ripple’s global network of partners, bringing the total number of UBRI partnerships to 58. Yonsei University will be embarking on a multi-year research initiative focused
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Bitcoin’s price dipped below $56,000 recently, sparking concerns about a potential downtrend. Arthur Hayes, co-founder of BitMEX, warned of a worst-case scenario where the price could gradually decline to $50,000. His analysis is based on the broader macroeconomic environment, highlighting the impact of the Federal Reserve’s actions and US Treasury market dynamics. Hayes pointed out
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Despite the completion of the highly anticipated Chang upgrade, Cardano has experienced a drop in price. The new features introduced by the Chang hardfork, such as on-chain voting and enhanced smart contract capabilities, were expected to bring positive momentum to the project. However, at the time of writing, Cardano (ADA) was down 2.7%, trading at
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The U.S. Securities and Exchange Commission has announced new charges against Galois Capital, a crypto-focused advisory firm that custodied client assets at FTX. As part of a settlement, Galois has agreed to pay a civil penalty of $225,000, with the funds being distributed to affected investors. The SEC found that Galois failed to ensure that
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The US Securities and Exchange Commission (SEC) recently charged and settled with hedge fund Galois Capital Management LLC regarding a private fund primarily invested in crypto. The charges are related to Galois Capital’s failure to comply with client asset safeguarding requirements, specifically with crypto assets that were classified as securities. The firm agreed to pay
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The US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda recently addressed the need for specialized S-1 registration forms specifically designed for digital asset securities. During his talk at the Korea Blockchain Week 2024 event on Sept. 3, Uyeda highlighted the challenges posed by the current regulatory tools in addressing the unique features of
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