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FameEX Afternoon Crypto News Recap | April 14, 2023

2023-04-14 16:07:35

Court Summons Issued to Tron's Justin Sun, Default Judgment Looms Without Response
Tron founder Justin Sun has been issued a summons by the US District Court for the Southern District of New York to his Singapore address. The summons is linked to a Securities and Exchange Commission (SEC) civil case against Sun and others for reportedly selling TRX tokens as unregistered crypto asset securities.

The Crucial Role of Asia's Gaming Dominance in the Future of Web3 Games
According to a report by DappRadar, Asia's importance to the Web3 gaming industry is emphasized by its majority share of gamers and gaming revenue, as well as its high interest in blockchain technology. The report highlights that the Asian market, which accounts for 55% of the world's gamers, has over 1.7 billion video game players. Therefore, the report suggests that the region is essential for the growth of Web3 games due to its dominance in the gaming industry.

Publication of CBDC Handbook by IMF in Response to Growing Demand for Guidance
The International Monetary Fund (IMF) is responding to the increasing demand for guidance on central bank digital currencies (CBDCs) by planning to release a handbook on the topic. According to IMF's Deputy Managing Director Bo Li, interest in CBDCs has reached an "unprecedented" level, and the organization has engaged with almost 30 countries that have requested assistance in the past two years. Li emphasized the urgency in meeting the needs of central banks planning CBDCs, as their implementation is expected to have a significant impact on monetary and financial stability.

LCH SA, Part of London Stock Exchange Group, Launches New Clearing Service for Bitcoin Futures and Options on GFO-X
On April 13, 2023, LCH, a clearing house group of the London Stock Exchange, revealed its intention to clear bitcoin index futures and options contracts traded on GFO-X. Frank Soussan, business lead of LCH Digital Asset Clear, highlighted that bitcoin index futures and options are an asset class that is growing rapidly.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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