Japan has taken strides of late to adopt and integrate decentralized technologies within both government and businesses. Japan’s regulatory and political environment for crypto and Web3 technologies has been evolving rapidly over the past several years. The Financial Services Agency of Japan reported in December 2022 it planned to lift restrictions on foreign-issued stablecoins in...Continue Reading

Under the initial settlement plan, Genesis creditors were expected to receive 80% recovery of funds lost due to the bankruptcy. Troubled digital currency company Genesis Capital saw its settlement disrupted by creditors in two months after the initial agreement, raising concerns about the timing of the process. Genesis’ parent company, Digital Currency Group (DCG), took...Continue Reading

The South Korean district court recently dismissed security violation charges against Terra co-founder Hyun-seong Shin, deeming LUNA as non-security under Korea’s Capital Markets Act. Court documents were filed indicating that Do Kwon, co-founder and CEO of Terraform Labs, has asked for the dismissal of charges leveled against him by the Securities and Exchange Commission (SEC). ...Continue Reading

A Twitter user expressed uncertainty over NFTs having any impact but admitted that it makes them feel like they did something. As crypto exchange Coinbase makes a push toward a sensible regulatory environment for the crypto space, the exchange launched a nonfungible token (NFT) collection to gain the community’s support. However, not everyone is excited...Continue Reading

The court case might have a decisive influence on the legal classification of NFTs. On Apr. 24 the Southern district court of New York held the first jury hearing on the case against former OpenSea product manager Nathaniel Chastain, who’s being accused of insider trading with nonfungible tokens (NFTs). The allegations were filed by the...Continue Reading

Airdrop hunting can be a lucrative enterprise, but it can also have significant financial risks attached. In the crypto space, the term “airdrop” refers to the unsolicited distribution of tokens, usually for marketing purposes or as a reward for network participation or contributions. The first recorded crypto airdrop took place back in 2014 when Auroracoin...Continue Reading

In a virtual conversation hosted by the reState Foundation the two thought leaders joined together to talk about the direction of the future of technology and human consciousness. Emerging technologies such as blockchain are ushering in a new era of interactions between humans and the digital world. This is an evolving topic of conversation for...Continue Reading

CFTC Commissioner urges crypto companies to verify the digital identity of users and says that congress is considering new laws addressing anonymity and digital identity. The commissioner of the Commodity Futures Trading Commission (CFTC), Christy Goldsmith Romero, has proposed reducing the anonymity of cryptocurrencies as a means of managing the risks associated with digital assets....Continue Reading

The indictment of 10 individuals associated with Terraform Labs, including co-founder Hyun-seong Shin, comes after 11 months of investigation into the collapse of Terra. The financial crimes unit at the Seoul Southern District Prosecutors’ Office reportedly indicted Terraform Labs co-founder Shin Hyun-seong and nine other individuals for the collapse of the Terra stablecoin ecosystem.  The 10...Continue Reading

Bitcoin faces a new round of potential volatility catalysts over the coming week after BTC price sheds 10%. Bitcoin (BTC) is keeping everyone on their toes when it comes to price trajectory — where will it go next? BTC price down 10% after bad week  After a week in which BTC/USD fell by 10%, sentiment...Continue Reading