Sui Network Integrates with USDC and CCTP to Boost Liquidity and Cross-Chain Capabilities

by Theresa Joy Lacatan | Sep 18, 2024 | Blog News, Crypto News

Sui Network, a layer-1 blockchain, has announced the integration of native USD Coin (USDC) and the Cross-Chain Transfer Protocol (CCTP), effective from September 17. This integration aims to enhance liquidity and facilitate cross-chain transactions, benefiting users...

US SEC Issues Cease-and-Desist Order Against Flyfish Club for Unregistered Offering of Crypto Asset Securities

by Theresa Joy Lacatan | Sep 18, 2024 | Blog News, Crypto News

On  16 September 2024, the U.S. Securities and Exchange Commission (US SEC) issued a cease-and-desist order against Flyfish Club, LLC, a Delaware-based company, for offering and selling unregistered crypto asset securities in the form of non-fungible tokens (NFTs)....

UK High Court Identifies Tether as Property while Deciding a Case on Cryptocurrency Theft

by Theresa Joy Lacatan | Sep 17, 2024 | Blog News, Crypto News

In the case Fabrizio D’Aloia v Persons Unknown Category A & B and Others [2024] EWHC 2342 (Ch), the claimant, Mr. Fabrizio D’Aloia, a successful businessman and founder of Microgame, brought a claim against several defendants after falling victim to a...

UK FCA Files First Charges Against Individual for Operating Illegal Crypto ATMs

by Theresa Joy Lacatan | Sep 12, 2024 | Blog News, Crypto News

On 10 September 2024, UK Financial Conduct Authority (UK FCA) charged Mr. Olumide Osunkoya, a 45-year-old resident of London, for operating multiple unregistered crypto ATMs. Between 29 December 2021 and 8 September 2023, these machines allegedly processed...

WazirX Moratorium Proceedings Update: Second Affidavit and Subsequent Findings

by Theresa Joy Lacatan | Sep 12, 2024 | Blog News, Crypto News

On 10 September 2024, while considering the second affidavit filed by Nischal Shetty, authorised representative for Zettai Pte. Ltd, the Singapore High Court made certain amendments to its earlier correspondence regarding the ongoing moratorium application by Zettai...

US PCAOB Publishes New QC 1000 Guidelines to Strengthen Audit Quality, Effective January 2025

by Theresa Joy Lacatan | Sep 11, 2024 | Blog News, Crypto News

On September 9, 2024, the United States’ Public Company Accounting Oversight Board (PCAOB), with the approval of the United States Securities and Exchange Commission (US SEC), published the QC 1000 guidelines, to enhance quality control standards for public accounting...