Federal courts have established that cryptocurrency assets are not inherently securities, but can be sold as part of an investment contract security. Common stocks and warrants are considered securities regardless of being in tokenized form. However, widely traded crypto assets are more similar to currencies or commodities, which typically do not fall under the definition … Read more
Ostium Launches Novel Macro Trading Platform Amidst Growth in Global Events-Based Trading Ostium Labs has launched a new onchain trading platform that allows real-time trading of traditional assets, such as currencies, commodities, and indices, during times of high market volatility. The platform aims to capitalize on events like the U.S. Presidential election and geopolitical tensions … Read more
South African Revenue Service Cracks Down On Crypto With New Tax Rules The South African Revenue Service (SARS) is urging taxpayers to declare their digital currencies through its Voluntary Disclosure Programme (VDP) due to the increasing popularity of crypto assets like Bitcoin and Ripple’s XRP in South Africa. SARS has noted the growth of crypto-related … Read more
RWA-Focused Network Chintai (CHEX), Kin Capital to Offer $100M Tokenized Real Estate Debt Fund Chintai is a blockchain platform for tokenized real-world assets, using its native token CHEX. The network’s developer, Chintai Network Services, is licensed by MAS in Singapore for digital securities trading. Chintai Nexus, based in the British Virgin Islands, issues non-security tokens. … Read more
How to Build a Tokenized Real World Assets (RWA) Project in 2024 The potential for tokenized Real World Assets (RWA) is massive, with estimates suggesting a $16 trillion industry by 2030. However, there are challenges associated with the legal framework and regulation of these assets, especially when it comes to decentralization and trustlessness. There are … Read more
BlackRock Overtakes Grayscale in Crypto ETFs AUM BlackRock has overtaken Grayscale in assets under management for publicly-listed crypto products, highlighting the dominance of traditional financial giants in the cryptocurrency space. BlackRock’s spot Bitcoin and Ethereum ETFs have amassed $22 billion in AUM, surpassing Grayscale’s $20.7 billion. The competition between the two is reshaping the landscape … Read more
Time For Self-Custody? Crypto Exchange Reveals Hackers Tried To Gain Access 159,000 Times South Korean crypto exchange Upbit has experienced over 159,000 hacking attempts in the first half of 2023, a 117% increase from the same period in 2022. This represents a staggering 1,800% increase compared to the second half of 2020. Upbit suffered a … Read more
Crypto synthetic assets, explained Crypto synthetic assets are blockchain-based financial instruments that simulate the value and behavior of real-world assets or financial instruments. These digital assets are created using complex financial derivatives and smart contracts on decentralized finance (DeFi) platforms. They offer advantages such as increased accessibility, liquidity, and programmability. Types of crypto synthetic assets … Read more
