Month: September 2023

Singapore Central Bank Issues 9-Year Ban to Three Arrows Capital Founders

The MAS has also banned them from managing, acting as a director, or even being a substantial shareholder of any capital market services business operating in Singapore. In the latest development, the central bank of Singapore has issued nine years of prohibitions to the founders of Three Arrows Capital Kyle Davies and Su Zhu over the alleged violations of the country’s securities laws. On Thursday, September 14, the Monetary Authority of Singapore (MAS) said in a statement that Davies and Zhu have been banned from regulated activities during the prohibition…

EU spot Bitcoin ETF live, Sei Network beta launches as Tradecurve Markets sells 300M TCRV

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This article covers three of the biggest developments in the crypto space: EU’s first spot Bitcoin ETF, Sei Network’s launch, and Tradecurve Markets‘ sale of 300 million TCRV. Let’s break down how each of these will impact the crypto space. Tradecurve Markets sells 300 million TCRV In stage 5 of the Tradecurve Markets presale, 32 million TCRV tokens have been sold. Tradecurve Markets aims to shape crypto trading by breaking down traditional barriers and democratizing access. The decentralized platform offers various assets, including stocks, Forex, commodities, and cryptocurrencies. Users can register accounts…

Senate Commission will analyze the AI bill in 120 days

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Catching up with the wave of regulatory attention to artificial intelligence (AI), Brazil gets its work plan to discuss, analyze and, if necessary, amend the bill on AI regulation.  On Sept. 12, the local Senate’s Internal Temporary Commission on Artificial Intelligence (CTIA) publicly voted for its own work plan to analyze Senate Bill No. 2338, regulating AI. According to the work plan, the Commission will hold a series of 15 sessions with public hearings included, during the next 90 days. In 120 days, it should come up with a complex…

XRP Price Set Theory Debunked, Here’s What It’s About

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In a recent series of exchanges on X, prominent XRP community influencer, Crypto Eri, addressed the controversial theory that the XRP price can be artificially set by a central authority. The debate has ignited discussions among enthusiasts, experts, and Ripple insiders. Eri’s initial tweet emphasized the decentralized nature of cryptocurrencies, stating, “Decentralized crypto-assets like XRP, cannot be ‘price set’. Price is determined by supply & demand dynamics in the global open market, sometimes with Influence factors like trading, sentiment, adoption, news & liquidity.” She further warned against the “deceptive false…

Meta Unveils WhatsApp Channels to Over 150 Countries after Successful Test

The WhatsApp Channels will allow users to receive important updates from people and organizations amid the changing regulatory landscape. Meta Platforms Inc (NASDAQ: META) shares closed Wednesday trading at $305.06, having gained 1.23 percent from the day’s opening price. The gains are likely to be attributed to Meta’s announcement that the WhatsApp Channels feature on WhatsApp is now available to over 150 countries. Initially, Meta introduced the WhatsApp Channels to about ten countries to test the functionality and obtain feedback from the users. Having successfully conducted the beta stage of…

Mila Kunis and Ashton Kutcher’s ‘Stoner Cats’ Indicted by SEC Over Unregistered Securities Offering

The SEC said Stoner Cats violated the Securities Act of 1933 by selling NFTs that qualify as investment contracts. Stoner Cats has agreed to a refund. The United States Securities and Exchange Commission (SEC) continues its widespread crackdown by going after “Stoner Cats”, an NFT-based web series from Hollywood couple Ashton Kutcher and Mila Kunis. According to the SEC, the NFTs qualify as unregistered securities. An SEC press release states that Stoner Cats sold over 10,000 NFTs for about $800 each. Upon purchase, the owner of the NFT exclusively accessed all six…

Thailand’s KBank to Target AI and Web3 Investments With $100M Fund

The fund that was created out of KBank’s investment budget will aim to serve traditional financial stakeholders in the consumer, corporate and small and medium-sized enterprises (SMEs), with a special focus on consumer and problem-specific AI, cybersecurity, nodes validators, ZKP, wallets and consumerization of NFTs. It is also targeting investments in over 30 startups and funds focusing on the U.S., EU, Israel and APAC. Source

Ukraine probes local crypto exchanges for tax dodging

The Economic Security Bureau of Ukraine is conducting a pretrial investigation against local crypto trading platforms suspected of tax avoidance. Ukraine’s Economic Security Bureau (ESB) is investigating local crypto exchanges after the bureau found that non-regulated exchanges operating in the country cost over $80 million in lost taxes. In an interview with Forbes Ukraine, ESB head Andriy Pashchuk said the investigation is being conducted only against trading platforms whose beneficiary is a citizen of Ukraine. He revealed that analysts at ESB are using data services like Chainalysis and Crystal Blockchain…