GM readers! Cryptocappy is back to deliver you the latest updates from crypto world.
It ruled that cryptocurrencies like XRP are property—protected by law, just like land or gold.
This decision blocks WazirX from moving users’ XRP tokens as part of its Singapore restructuring plan. The court stepped in to protect 3,532 XRP tokens after WazirX tried to spread the losses from its $234 million hack in July 2024 across all users. Justice N. Anand Venkatesh said no to that plan—calling it unfair.
Experts say this ruling is a win for crypto users. It boosts consumer protection and could lead to better crypto rules in India.
JPMorgan may soon let big clients use Bitcoin and Ethereum to get loans. The crypto would be held by a trusted third party—not by the bank itself.
This move, expected by late 2025, is one of Wall Street’s boldest steps into crypto yet. It means clients could borrow money by using their crypto as collateral, without giving it up. JPMorgan’s stock ticked up slightly after the news.
Bitcoin jumped 3.5% over the weekend, climbing from $110,960 to $115,400 before settling at $115,235.
The reason? Fresh hope of peace in the U.S.–China trade war. Officials from both countries met in Malaysia and agreed on a basic plan to ease tensions.
Bitcoin is still about 6.5% below its October high of $126,000—but this rally shows how fast things can change.
North Korea has stolen $2.84 billion in crypto since Jan 2024, says a new UN-backed report. Most of it came from the Bybit hack in February, and $1.65 billion was stolen just this year.
The country is also secretly sending IT workers abroad—violating UN rules—to earn money and support its cyber operations.
Experts say better blockchain tracking and cybersecurity tools are helping countries spot and freeze stolen crypto before it’s laundered.
It’s designed to be safe, legal, and backed by real yen and government bonds.
JPYC aims to challenge the dollar’s dominance in the $297 billion stablecoin market, where 99% of coins are USD-based.
This move follows Japan’s new crypto rules set in 2023, focused on consumer protection and financial stability—especially after the TerraUSD collapse.
JPYC could also help boost demand for Japanese government bonds and offer a global alternative to dollar-based stablecoins.
That’s a wrap for this edition. Stay curious, stay sharp, and we’ll be back with more insights on crypto.
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