Vauld, a Singapore-based crypto exchange, has received court permission to restructure its board. The ongoing bankruptcy proceedings since August 2022 have led to the appointment of new top management to lead the company’s bailout process. The current board will be replaced by a new CEO, a creditor representative, and a scheme manager. In addition, Vauld has resumed know-your-customer (KYC) checks for existing customers and froze the withdrawal option in July 2022 due to unfavorable market conditions and a significant bank run. The company owes around $400 million to its creditors, primarily individual depositors’ money.

According to a recent survey conducted by the Saint Petersburg Exchange and the Russian Trading System (RTS), over half of Russian citizens are open to the idea of using a central bank digital currency (CBDC). However, when it comes to storing more than 20,000 rubles ($212), only 17% of respondents trust the digital ruble. The survey, which involved over 2,000 participants aged 18 to 65, revealed that 58.3% are theoretically willing to invest in CBDC, with the majority comfortable storing a sum ranging from 5,000 to 20,000 rubles. The main obstacles mentioned by respondents include a lack of information about the technology (22%) and concerns about cyber theft and system failures (21%).

As XRP struggles following a judge’s ruling that it isn’t a security, a significant whale has moved 29 million XRP to Bitstamp exchange, possibly indicating a sell-off. The XRP price is currently recovering from the support level at $0.5, but there is a risk of a significant drop if traders and whales liquidate their holdings. The trial between Ripple and the SEC is expected to occur in the second quarter of 2024. Over the past 24 hours, the value of XRP declined by over 3%.

Asian cryptocurrency exchange HashKey, along with OSL, has received a major license upgrade that allows them to offer Bitcoin and EtherEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. crypto trading services to retail customers in Hong Kong. The licenses were issued by the country’s Securities and Futures Commission (SFC), making HashKey the first crypto exchange in Hong Kong to offer such services. Under the new license regime, Hong Kong has become one of the few countries that allow crypto retail trading services under the purview of the law. Investors will be able to invest up to 30% of their net worth into cryptocurrencies when using the platform.

A new project called CivKit aims to create a peer-to-peer marketplace that enables censorship-resistant and permissionless trading between Bitcoin users. The project, led by Ray Youssef, Nicolas Gregory, and Antoine Riard, will leverage the technology of Nostr and the Lightning network to power a decentralizedWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the... platform. It aims to provide a web-of-stakes market ranking paradigm using the Nostr protocol and rely on the Bitcoin network as a source of truth. The marketplace will enable global trade of various items, including fiat currencies, goods, and services. With concerns about the potential closure of P2PPeer-to-Peer Networks (P2P) networks allow people to connect with each other directly for sharing things - without going through a middleman. platforms like Binance’s, CivKit aims to provide an alternative for P2PPeer-to-Peer Networks (P2P) networks allow people to connect with each other directly for sharing things - without going through a middleman. users that depend on these services to move money across borders. The goal is to build an unstoppable and permissionless marketplace that empowers users to use their money in new ways.