The crypto world recently witnessed a spectacular celebration, known as the “Proper Party,” hosted by Ripple on September 29 in New York City. It was more than just a typical gathering. This event marked a significant milestone – the victory of Ripple over the US Securities and Exchange Commission (SEC) in a lengthy and closely-watched...Read More
Filing a brief for amicus curiae in the United States District Court, for the District of Columbia on 28th of September 2023, Circle Internet Financial LLC has now officially entered the lawsuit of Securities and Exchange Commission v. Binance Holdings Ltd. et al., as a ‘friend of the court’ to provide important information or advice...Read More
Currently, the race to establish dominance in the ETF (Exchange Traded Fund) space is heating up. One of the most notable names in the asset management sector, VanEck, is making headlines once again. With a massive $80 billion under its management, VanEck is preparing to launch an Ethereum Futures ETF. This move comes as a...Read More
The crypto market has recently been under the weather, with indicators showing downward shifts. Interestingly, these ups and downs offer a deep dive into the current state of cryptocurrency and why the market is down today. The Crypto Market’s Rollercoaster Ride Once riding high, the global crypto market began to lose steam on July 13,...Read More
UK customers of Chase Bank received concerning notices this week: the bank is banning all cryptocurrency-related payments starting October 16th. The email explicitly stated that if the bank thinks the customers are making crypto-related transactions, they will decline it. This blanket crypto payment prohibition follows similar actions by other central UK banks to restrict transactions...Read More
Crypto exchanges often find themselves struggling with hackers. But amidst the challenges, there’s always room for a little banter, especially when it comes from industry giants. Changpeng Zhao, better known as CZ, the CEO of Binance, couldn’t resist taking a playful jab at Justin Sun, the founder of Huobi Global, after the latter’s exchange faced...Read More
In recent news, Amazon has expressed its interest in making a substantial investment of $4 billion in Anthropic, a notable player in the field and a direct competitor to OpenAI, the parent company behind ChatGPT. This unexpected development has garnered attention across the tech and cryptocurrency sectors, generating considerable excitement regarding the potential implications for...Read More
In a recent announcement, Tron network founder Justin Sun took to his social media platform to reveal a significant development in the legal recognition of Bitcoin. Sun shared that the Shanghai No. 2 Intermediate People’s Court has officially recognized Bitcoin as a one-of-a-kind digital currency. They believe it’s unlike virtual currencies such as Q coins...Read More
In a recent interview held by Bloomberg, SEC chairperson Gary Gensler was found to disrespect the decision of the Court by advocating his view of applying security laws to cryptocurrencies. Stuart Alderoty, the Chief Legal Officer of Ripple, condemned his statements in a tweet. Ripple has been fighting consistently to bring legislative clarity to cryptocurrency...Read More
The crypto industry is currently in a precarious position, teetering on the edge of uncertainty. Without swift action, it risks a potential downfall. The US government’s stance towards most crypto assets, excluding Bitcoin, is hostile. Even more concerning is the mounting pressure on companies embracing the trend of relocating outside the US in search of...Read More
X is making big moves to revamp its Everything app, including integrating payment solutions on the platform. CEO Linda Yaccarino recently shared a video on the platform hinting at what’s all to come to X, along with the ability to pay users through simple chat features. Are they joining hands with any e-commerce portal as...Read More
Changpeng “CZ” Zhao, the CEO of Binance, has publicly spoken out against allegations made by the U.S. Securities and Exchange Commission (SEC). The regulatory body claimed that Binance.US, the American arm of the global cryptocurrency exchange, might have used a custody unit potentially linked to its parent company, thereby exposing clients to a foreign entity....Read More
The crypto market is preparing for a volatile week, filled with major events that have the potential to shift investor sentiment and alter price trends. From the Federal Reserve’s much-anticipated interest rate decision to the Federal Open Market Committee (FOMC) meeting and the hearing of the legal battle between Binance and the U.S. Securities and...Read More
Billionaire investor and Dallas Mavericks owner Mark Cuban confirmed a loss of approximately $870,000 in a sophisticated crypto hack. The stolen assets included a diverse basket of cryptocurrencies like Ethereum (ETH), USD Coin (USDC), and Polygon (MATIC). $800,000 got drained just in 5 mins🤯 This time it was one of the most famous american businessman...Read More
Despite securing a recent favorable ruling in its ongoing lawsuit with the SEC, Ripple’s native token, XRP, continues to face what appears to be a relentless series of attacks. According to Ashley PROSPER, XRP is the subject of a well-orchestrated assault. He has raised a series of indicators that suggest that not all is well...Read More
The crippling space of Binance US faced a critical decision regarding its future. Here’s the inside scoop on what transpired: The company explored the possibility of selling shares held by Binance co-founder Changpeng Zhao (CZ) to stay on track with its growth plans. However, it ultimately opted to reduce its workforce by one-third instead. Is...Read More
Binance the crypto giant is facing legal trouble, senior resignations, and even DOJ investigations. Binance’s token, BNB, is taking a hit. Could it be that Binance is selling Bitcoin from its balance sheet to support its token? In a recent X post, Deaton is now wondering if Binance will challenge the SEC’s decision to keep...Read More
FTX, formerly a top-tier cryptocurrency exchange now facing bankruptcy, is seeking court approval for a colossal $3.4 billion crypto selloff scheduled for September 13. The mere announcement of this planned liquidation has already sent the market into a downturn, signaling potential bearish trends for Wednesday. Notably, FTX holds a substantial amount of Solana, among other...Read More
David Schwartz, the Chief Technology Officer (CTO) of Ripple, had an important insight when looking at Bitcoin. He noticed that even though Bitcoin was getting bigger, most of the world’s valuable things were not part of Bitcoin. This made him realize that we needed “bridges” to connect the traditional financial world with the new cryptocurrency...Read More
The prolonged legal battle between Ripple, a blockchain payments company, and the U.S. Securities and Exchange Commission (SEC) has been capturing widespread attention from the very beginning. This case, which has been in the spotlight for months and years, carries significant implications for the entire cryptocurrency industry, and it has become a subject of keen...Read More
Amidst growing anticipation for the imminent launch of a Bitcoin Spot ETF, market observers have been left puzzled by what appears to be a relatively muted response. In an attempt to shed light on this conundrum, prominent crypto analyst and YouTube personality, Crypto Rover, has shared some valuable insights. The general consensus is that a...Read More
Swiss Bank SEBA has taken a significant leap forward by securing permission to conduct cryptocurrency operations in Hong Kong. On Wednesday, the Hong Kong regional branch of the Swiss crypto bank received an approval-in-principle (AIP) from the city’s securities regulator. This marks the initial step towards becoming a licensed virtual asset service provider in the...Read More
In an interesting development that brings together regular finance and the growing crypto world, Coinbase has announced that it will add PayPal’s stablecoin, PYUSD, to its platform. This comes right after Kraken also started allowing people to trade with PYUSD. This is a big step in making more people use this stablecoin. However, a warning...Read More
Amidst swirling allegations, the US Securities and Exchange Commission (SEC) has received approval to join hands with their South Korean counterparts, as per a recent report. This cooperative effort will further dive into the intriguing case involving Terraform Labs’ co-founder, Daniel Shin, and the prominent payments entity, Chai Corp. Deepening the Investigation: SEC’s Global Pursuits...Read More
Tether will stop supporting three blockchains – Bitcoin Omni, Bitcoin Cash SLP, and Polkadot’s Kusama test chain. This change aims to meet community needs and encourage innovation. On these blockchains, there’s about $240 million USDT on Omni, $986,000 on Bitcoin Cash SLP, and $1.49 million on Kusama. They wrote, “Tether will embark on a strategic...Read More
In light of ongoing inflation concerns, Goldman Sachs’ market experts are forecasting the Federal Open Market Committee (FOMC) to momentarily hit the brakes on interest rate hikes this coming September. Subsequent to this potential pause, rates are anticipated to dip—a shift that could signal a sunnier outlook for stocks, Bitcoin, and the broader cryptocurrency market....Read More
In a recent video that has been widely shared, Vitalik Buterin, co-founder of Ethereum, openly expressed his criticism of XRP. He stated that he believes XRP is still completely centralized. During a discussion about the criteria for crypto projects’ participation in the industry, Buterin mentioned that not every project is required to follow decentralization principles....Read More
In XRP pump and dump sessions, the outcry is based on the lawsuit. On this Crypto lawyer John Deaton has shared his thoughts on the SEC’s move to appeal the XRP lawsuit. He explains that the SEC wants to challenge parts of the court’s decision early, even before the main case ends. This could give...Read More
Coinbase, one of the leading cryptocurrency exchanges, has leaped onto the blockchain innovation stage with ‘Base’ – the first decentralized blockchain mainnet launched by a publicly traded company. Coinbase-supported ‘Base’ network is now officially accessible to the public. Milestone For Coinbase Amid SEC Clash Coinbase’s ‘Base’ mainnet is now officially available to the public, boasting...Read More
Delisting digital tokens is becoming a hot topic in the crypto world, especially due to unclear regulations. The CEO of Coinbase, a major U.S. cryptocurrency exchange, believes that removing 13 tokens including Cardano (ADA) without clear justification is unfair. However, this situation arises from a legal battle with the U.S. Securities and Exchange Commission (SEC),...Read More
