19th July 2023 Digital Bytes

SEC v Ripple: a watershed moment? - the recent court ruling that XRP is deemed to be a security if sold to institutions but not a security if sold to staff, retail investors and programmatically to exchanges, raises more questions than answers. Whilst the price of XRP and digital exchanges such as Coinbase have risen, are we to see the crypto market’s hopes dashed as this court decision is over-ruled? Or, will the SEC reconsider its position and offer regulatory clarity for the rest of the cryptocurrency sector?

Can we expect an NFT renaissance? - NFTs grabbed the headlines when pictures of monkeys sold for millions and even the Uffizi Gallery sold a digital copy of a Michael Angelo masterpiece for $170,000. In essence, NFT’s are no more than a digital certificate used to represent ownership. Or are they? As we gain legal clarity on the rights and obligations attached to digital assets, will we see NFTs being used more widely in different industries across the world?

DeFi and interopera…