Kim Kardashian, a celebrated figure in the entertainment industry, has faced a setback in her legal battle against allegations of deceiving investors through the promotion of EthereumMax (EMAX), a cryptocurrency. Meanwhile, former professional boxer Floyd Mayweather Jr. has received a more favorable ruling regarding his involvement in the promotion of EMAX. The lawsuits involve investors...Read More
Coinbase And SEC The Securities and Exchange Commission (SEC) has filed charges against Coinbase, accusing it of operating an unregistered securities exchange, broker, and clearing agency since 2019. The SEC also alleges that Coinbase has been running an unregistered securities offering via its staking-as-a-service program. The complaint states that Coinbase’s failure to register has deprived...Read More
As Hong Kong unveils new regulatory rules on cryptocurrency exchanges, the region is anticipated to witness a surge in applications from major players seeking licenses. Tron founder Justin Sun, in a recent interview with CoinDeskTV, revealed his expectation that prominent exchanges such as HUOBI, OKX, GATE IO, BITGET, and BYBIT, would be among the serious...Read More
In a recent development, Lawyer Kylie Chiseul Kim has been granted permission to withdraw as counsel for Ripple Labs, a move that could potentially impact the company’s legal position, according to reports. This decision by the Southern District Court of New York has raised concerns about Ripple’s defense strategy in the ongoing lawsuit filed by...Read More
Kraken, a cryptocurrency exchange, has observed favorable results by maintaining its operations in Canada amidst the plans of rivals such as Binance and OKX to withdraw. Following Binance’s announcement of its departure in early May, Kraken experienced a notable 25% increase in customer deposits within the country. Binance has made an official announcement regarding its...Read More
Changpeng Zhao, also known as “CZ,” the founder and CEO of Binance, shares his insights on China’s recent release of the Web3 Innovation and Development White Paper. The timing of this white paper coincides with the impending rollout of Hong Kong’s cryptocurrency licensing system. China’s Web3 White Paper Unveiled The Beijing Municipal Science & Technology...Read More
In a striking declaration today, a distinguished attorney known for his fervent advocacy for Ripple’s digital currency, XRP, stated emphatically that the re-elected Biden Administration lacks the authority to “kill” Bitcoin. John E. Deaton, a recognized pro-XRP attorney, stirred conversation this week with a provocative assertion: a potential second term for President Biden holds no...Read More
In a revelation that surprised many in the crypto community, prominent cryptocurrency attorney and fervent XRP advocate, John Deaton, took to social media to discuss his personal digital assets portfolio. In a quote tweet of his picture at the XRP Las Vegas 2023 event, Deaton candidly disclosed the heavyweight of his digital assets investments –...Read More
The bipartisan path to stablecoin legislation faces turbulence as House Republicans and Democrats present divergent positions, signaling a growing divide. Despite hopeful sentiments echoed during Thursday’s U.S. House Financial Services Committee hearing on digital assets, lawmakers have yet to bridge the gap between differing Republican and Democratic views on how to regulate stablecoins. The fundamental...Read More
Ripple’s legal tussle with the U.S. Securities and Exchange Commission (SEC) took a dramatic turn as District Judge Analisa Torres rejected the SEC’s request to seal documents connected to a controversial 2018 speech by the SEC’s former Corporation Finance Director, William Hinman. The crypto community has largely welcomed this development, but John Deaton, a vocal...Read More
In a significant development that is set to shake up the current crypto market sentiment, South Korean authorities have initiated an intense investigation into the country’s two largest cryptocurrency exchanges, Upbit and Bithumb. This action follows the recent revelation of a high-profile scandal involving a former lawmaker and his questionable cryptocurrency transfers. Upbit And Bithumb...Read More
According to Bloomberg’s macro strategist, Mike McGlone, cryptocurrency traders may begin investing in non-digital assets as a result of an impending recession. McGlone believes that the bear markets are not yet over, and as a result, traders will likely shift their focus to gold, a traditional safe-haven asset that tends to appreciate in value during...Read More
The pandemic has left the US economy in a precarious state, but another crisis is looming that could push the country into an economic catastrophe: the debt ceiling. With the government set to run out of cash in early June, if Congress fails to raise it, U.S. Treasury Secretary Janet Yellen has issued a dire...Read More
cryptocurrency exchange Bittrex Inc. filed for bankruptcy protection following claims by the U.S. Securities and Exchange Commission (SEC) that it ran an unregistered securities exchange. The Seattle-based company shut down its American operations on April 30 and filed for bankruptcy in Wilmington, Delaware, claiming that the value of its assets and obligations was between $500...Read More
In the exciting world of meme-based cryptocurrencies, Pepe Coin (PEPE) has taken the spotlight with a staggering 1000% growth in just seven days. As more investors turn their attention to this thrilling yet unpredictable market, crypto analyst and DeFi addict Miles Deutscher, shares his full guide on how to navigate the meme coin universe and...Read More
The saga surrounding tech entrepreneur Do Kwon has taken a dramatic turn as South Korean regulators push for his extradition to face charges in his home country. If convicted, Kwon could face a staggering 40-year prison sentence, highlighting the severity of the allegations against him. In an impassioned plea for justice, the South Korean prosecutor...Read More
As the intersection between cryptocurrency and geopolitical conflict gains prominence, the role of digital assets in 21st-century warfare is becoming increasingly clear. The Russia-Ukraine War serves as the most notable example thus far, with both parties employing cryptocurrencies to secure donations and fund their war efforts. A shadowy Bitcoin enthusiast has seemingly turned the tables...Read More
In a defiant move, Bittrex Global, one of the leading cryptocurrency exchanges, has confirmed that it will fight against the lawsuit filed by the United States Securities and Exchange Commission (SEC). The company maintains that it has not served US customers, thus questioning the basis of the SEC’s legal action. The SEC Mistakenly Charged Bittrex!...Read More
Ripple Vs SEC Regulatory uncertainty is already having an impact on the cryptocurrency sector and the widely publicized lawsuit between Ripple and the United States Securities and Exchange Commission (SEC). is now gaining steam as the community waits impatiently for the judge to render a decision. Coinbase has joined the ranks of Ripple, which is...Read More
The U.S. Treasury Department is ramping up its efforts to combat cybercrime, specifically targeting three North Koreans allegedly involved in supporting the notorious Lazarus Group, known for its high-profile cyberattacks and cryptocurrency-related thefts. On Monday, the U.S. Treasury’s Office of Foreign Assets Control announced sanctions against three individuals allegedly linked to North Korea’s infamous Lazarus...Read More
As the crypto industry continues to expand, Coinbase, one of the industry’s most prominent exchanges, has been making steady progress with its Ethereum Layer 2 solution, Base. Launched in February as a platform that simplifies app development and integration with the Coinbase product suite, Base has been operating on testnet and is now preparing for...Read More
The Brazilian Securities and Exchange Commission (CVM) has initiated an investigation into the global cryptocurrency exchange Binance, amid allegations that the company provided guidance to clients on evading stop order restrictions. This signals increased scrutiny on Binance operating within Brazil, as regulators look to enforce compliance with local rules and regulations. Is Binance In Brazil’s...Read More
In a recent hearing, the U.S. House Financial Services Committee discussed a draft bill that was released over the weekend. The bill aims to regulate stablecoins, a type of digital currency that is designed to maintain price stability by being pegged to the value of another asset. Prominent Democrats cast doubt on Wednesday over the...Read More
In a significant move to strengthen the oversight of the burgeoning crypto industry, the New York Department of Financial Services (NYDFS) has adopted new regulations aimed at enhancing consumer protection and ensuring the safety and soundness of crypto companies. Under the new framework, companies will be required to comply with rigorous standards for capitalization, cybersecurity...Read More
Legal professional and cryptocurrency advocate John Deaton recently commended Coinbase for their efforts in fighting for privacy-preserving protocol Tornado Cash and Whai Amicus Brief, as well as their direct battle against the Securities and Exchange Commission (SEC) in the Ripple case. Deaton believes that the war in the crypto space is won in court, and...Read More
The ongoing debate between the SEC and Ripple continues to draw attention as the crypto market is filled with controversies regarding crypto securities. Ripple’s Policy Chief recently entered the fray, taking issue with the views expressed by Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), on the compatibility of cryptocurrencies and...Read More
Jeremy Hogan, a partner at Hogan & Hogan, has disclosed his crypto portfolio, revealing that the majority of his holdings, approximately 74.3%, are in XRP, with the remaining 25.69% allocated to Bitcoin. Hogan, who has been closely following the ongoing Ripple vs. SEC lawsuit, shared details of his wallet activity, which showed recent operations as...Read More
In a recent court filing, FTX founder Sam Bankman-Fried has been accused of bribing $40 million to Chinese officials to unfreeze crypto accounts. As the cryptocurrency industry continues to grow and evolve, so too do the challenges and controversies that surround it. One such controversy involves Sam Bankman-Fried (SBF), the founder of FTX, a prominent...Read More
Binance, one of the world’s largest cryptocurrency exchanges, has been facing regulatory concerns from authorities around the world. The exchange has been accused of violating a number of regulatory requirements, including anti-money laundering (AML) and know-your-customer (KYC) rules. Recently, Binance has been sued by the US CFTC for alleged derivatives trading violations. Binance Faces Legal...Read More
The worst banking mess since the 2008 financial crisis has increased investors’ fear of a global recession. As a result, the investors’ perspective on Bitcoin and Ethereum, among other digital assets, has significantly shifted to less risky instruments. With the rising global inflation, holding on to fiat currencies continuously depreciates investors’ cash value. On the...Read More
