Bill seeks to create SEC-CFTC joint committee on digital assets
Congressman John Rose would make the agencies work together and listen to user and industry representatives. Go to Source
Digital Assets
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Northern Trust introduces digital carbon credit trading platform
The Northern Trust Carbon Ecosystem will enable carbon credit transactions from issuance to retirement. Go to Source
Rebranded Fantom Project, Sonic Labs, Set to Redefine Blockchain Speed With 720ms Finality
Earlier this year, the blockchain project previously known as Fantom rebranded as Sonic Labs, generating significant buzz within the crypto community. Recently, Sonic Labs’ chief technology officer Andre Cronje showcased the network’s testnet performance, highlighting a transaction finality of 720 milliseconds. This achievement suggests the project could set a new standard as the fastest distributed … Read more
Court Sentences Missouri Man to 3 Years in Prison for Crypto and Tax Fraud
Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax offenses involving cryptocurrency. He and his accomplice attempted to steal funds by accessing victims’ bank accounts and filing false tax returns. Law enforcement recovered most of the stolen funds. Champagne pleaded guilty to multiple charges in June … Read more
UK Bill Recognizes Digital Assets as Personal Property Under New Law
The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes. It also positions … Read more
Grayscale Launches SUI Trust for Accredited Investors
On Sept. 11, Grayscale, the digital asset manager, revealed that its SUI Trust is now available to accredited investors eager for SUI exposure. The SUI token, native to the Sui blockchain, powers a layer one (L1) network designed to provide quick transactions and affordable fees. Developed by Mysten Labs, a team of former Meta engineers, … Read more
Ford, Toyota double down on blockchain as driverless car tech stagnates
The automakers led the field in blockchain technology patent filings for Q2 2024. Go to Source
Ripple Renews NYU Abu Dhabi Partnership for Blockchain Research
Ripple has renewed its partnership with NYU Abu Dhabi to support blockchain research and innovation. This partnership aims to foster talent development, advance digital asset adoption, and integrate blockchain technology into startups and established institutions in the UAE. Ripple has funded numerous scholarships and research projects through its UBRI program, demonstrating its commitment to driving … Read more
Australian crypto investors ‘sitting on the sidelines’ for clearer laws: Swyftx CEO
Crypto exchange Swyftx estimates anywhere from two to six million Australians could enter the market if regulated. Go to Source
China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals
China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank digital currency (CBDC) have been conducted in 17 different areas, accumulating a total transaction value of … Read more
