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On December 2, XRP Ledger implemented a significant update, cutting its reserve requirements by 90%. This means new users can now fund their wallets with just 1 XRP instead of the previous 10 XRP. XRP Reserve Requirements Drastically Reduced The reserve change, implemented at 10:45 PM UTC, was confirmed on X by a pseudonymous XRP…

German fintech company 21X has received regulatory approval to launch a tokenization platform, becoming one of the first firms authorized to operate blockchain-based trading infrastructure. The approval was granted under the European Union’s DLT Pilot Regime, according to a Tuesday press release. The announcement came following the issuance of a license by Germany’s financial supervisory…

The price of Bitcoin hasn’t budged in the past 24 hours, with BTC sticking to $95,275 on a day when the crypto market as a whole has risen by 1%. BTC is now up by 2% in a week and by 39% in the past month, with the token consolidated at a level just below…

Yuga Labs, the blockchain giant behind the popular Bored Ape Yacht Club (BAYC) NFTs and ApeCoin, has acquired the technology team of Tokenproof, a Web3 tokenization service. The move aims to bolster Yuga’s research and development capabilities as it continues to innovate in the NFT space. In a recent post on X, Tokenproof’s founder and…

According to a report by blockchain security firm ScamSniffer, the crypto landscape witnessed another wave of phishing scams in November, resulting in a total loss of $9.38 million and impacting over 9,200 victims. Although the total amount stolen marked a 53% decline from October’s staggering $20.2 million. The report highlighted one particularly devastating incident in…

Cambodia has blocked access to 16 cryptocurrency exchange websites, including major platforms like Binance, Coinbase, and OKX, as part of its ongoing effort to regulate the digital asset market. The move was confirmed by a spokesperson for the Telecommunication Regulator of Cambodia (TRC), which oversees the country’s telecommunications sector, according to a report from Nikkei…

Norway’s sovereign wealth fund’s ethics watchdog will reportedly launch an investigation next year into companies in the fund’s portfolio, including those in the crypto sector, for potential ethical breaches. If concerns are confirmed, the fund may choose to divest from these entities. Reuters reported Monday that the Council on Ethics for the fund will review…

Jorge Tenreiro, formerly acting head of the SEC’s crypto and cybersecurity oversight division, has taken on the role of chief litigation counsel, broadening his responsibilities. His LinkedIn profile has been updated to include his new role. This promotion comes at a critical moment, just as a more crypto-friendly administration prepares to take office next month,…

Sonic Labs has announced the impending public launch of its layer-1 blockchain, Sonic, following the successful completion of its Genesis milestone, marking the creation of the blockchain’s first block. “Genesis achieved. Block zero. Infrastructure deploying. Public soon,” the firm said in a December 2 announcement on X. Sonic is an Ethereum Virtual Machine (EVM)-compatible blockchain…

Coinbase CEO Brian Armstrong warned Tuesday that the exchange will cut ties with law firms connected to officials involved in “bad deeds” under the Biden administration. In a post on X, Armstrong noted that some senior law firm partners are unaware of the crypto community’s anger over the administration’s actions. He warned that if these…