Here are the developments in crypto world from the past few days
A Philippine government agency focused on science and technology research and development is now giving the young people hands-on experience with cryptocurrencies, blockchain technology, and non-fungible tokens (NFTs).
To engage the youngsters in exploring the potential of blockchain technology, the Department of Science and Technology-Advanced Science and Technology Institute (DOST-ASTI) of the Philippines conducted a tech forum on Sept. 20.
The aim of the agency is to ignite young minds with the potential of blockchain, encouraging them to explore science, technology, and innovation as powerful tools to create a better and sustainable future.
The Philippines students also learned how blockchain is implemented in various other business verticals, including gaming and entertainment, healthcare, government and public sector, central bank digital currencies (CBDC), decentralized finance (DeFi), identity, and physical infrastructure.
In addition to preparing its youth for blockchain-driven tech disruption, the Philippines has also started exploring stablecoins on a federal level.
A month after Celsius Network’s native initiated a $2.5 billion, it has now surged over 300%.
A court filing on Aug. 26 showed that the bankrupt digital asset lender had repaid about $2.53 billion to 251,000 creditors. Cointelegraph Markets Pro data also shows that the Celsius (CEL) token traded at $0.16 at the time.
The U.S. Court of Appeals for the Third Circuit reviewed the Securities and Exchange Commission's (SEC) denial of Coinbase's request for cryptocurrency rulemaking.
Coinbase had requested in July 2022 that the SEC develop rules for securities traded through digital means, seeking clarity on which crypto assets qualify as securities. After the SEC rejected the request in late 2023, Coinbase seeked help from the court, asking it to compel the SEC to respond to the petition.
On September 23, the judges criticized the SEC's reasoning for the denial, calling it nearly "vacuous."
Coinbase also argued that the SEC’s brief two-page rejection was inadequate and arbitrary, especially because of the ongoing enforcement actions against crypto companies.
Coinbase’s legal representative, Eugene Scalia, noted the SEC failed to explain why its existing rules make it difficult for digital asset companies to register or for digital assets to operate as intended.