A large investor in Telegram’s failed Open Network (TON) has reportedly requested $100 million in compensation from the company. Otherwise, the investor – Da Vinci Capital – has warned with taking legal actions against the messaging platform. TON Investor Demands $100M Telegram’s TON initiative was among the most widely-discussed blockchain-related projects in the past few...Read More
Yet another attempt for a US-approved Bitcoin ETF is on the horizon coming from the Chicago Board Options Exchange (Cboe). The organization’s filing with the SEC aims to build on a previous S-1 filing initiated by VanEck. CryptoPotato reported in late 2020 that the US investment giant with about $50 billion in AUM, VanEck, has...Read More
Money transfer giant MoneyGram is suspending its partnership deal with Ripple, following the ongoing legal battle between the latter and the US Securities and Exchange Commission (SEC). MoneyGram announced the news of the suspension in its Q4 and full-year 2020 financial results published on Monday (Feb. 22, 2021). As part of its Q1 2021 outlook,...Read More
The United States Securities and Exchange Commission (SEC) and Ripple, the fintech company behind the third-largest cryptocurrency, XRP, have clearly stated that there will not be any settlement on the current lawsuit against Ripple prior to the official trial date. No Prospect For Settlement Both parties made this statement in a discovery letter dated February...Read More
The recent boom in institutional interest in Bitcoin and cryptocurrencies might be a fresh sign that the market needs crypto regulations. SEC Commissioner Hester Peirce pointed out that the wide range of investors would also improve price formation. Institutional Interest as the Long-Awaited Sign for Crypto Regulations US Securities and Exchange Commission (SEC) commissioner Hester...Read More
In a document filed with the United States District Court of New Jersey, Binance dropped the lawsuit filed against Forbes in November 2020. The case was in response to Forbes’ story, where it alleged that the cryptocurrency exchange was brewing plans to exploit United States investors through a sham company. Binance, through its attorneys, Peter...Read More
More institutional investors are betting big on bitcoin as the digital currency rallied. From gaining acceptance by corporations as a primary reserve asset, the cryptocurrency is now making its way to the portfolio of some of the world’s largest hedge funds. Last month, Bridgewater Associates founder and Ray Dalio called bitcoin an “amazing accomplishment” and...Read More
On 30 January 2021, XRP registered its biggest 48-hour spike in over 3 years. Surging by 170% on the price charts, the crypto-asset ascended from $0.278 to a yearly high of $0.75. Source: XRP/USD on Trading View In fact, the crypto-asset almost matched its 2020 high. However, right after the top, it registered a massive...Read More
It has been a little over 24 hours since Ripple released its official response to the SEC lawsuit. Since then, Ripple’s native crypto asset XRP has rallied by over 18% and was trading at around $0.33 at the time of writing. Among the many legal experts evaluating Ripple’s response was Attorney Jeremy Hogan who highlights...Read More
Ameritrade, a popular US-based trading platform owned by Charles Schwab, and Robinhood, an American financial service company, have suspended GameStop (GME) trading following the recent controversy. Simultaneously, the former SEC Chair Jay Clayton said that the traditional financial markets need significant readjustments as they are not functioning in everyone’s best interest. Ameritrade And Robinhood Halt...Read More
Has the U.S approach to regulating crypto been harmful to innovation? According to many, the answer is in the affirmative. A similar sentiment was recently shared by SEC Commissioner Hester Peirce who said, “By being too slow and too inflexible, we have pushed some innovation outside the U.S, that would otherwise have happened here.” Speaking...Read More
United States Securities and Exchange Commission (SEC) charged a cryptocurrency trader for allegedly being involved in a ponzi scheme defrauding more than $5 million from over 170 investors. The accused, Jeremy Spence, who goes by the name “Coin Signals,” was charged in Manhattan Federal Court for “soliciting funds” for various crypto funds that he operated. ...Read More
The Chicago-based company has increased its position to GBTC by about 24% from October to late December, according to a recent filing with the US Securities and Exchange Commission. The financial institution now owns 30,454 GBTC shares. Founded in 1908 in Chicago, Rothschild Investment Corporation is a registered financial brokerage, dealer, and a member of...Read More
The world’s largest asset manager, BlackRock, may start trading cash-settled Bitcoin futures. This is according to new filings with the US Securities and Exchange Commission (SEC). BlackRock is the world’s largest asset manager, with almost $8 trillion worth of assets under management last year. To put it in perspective – that’s almost 8 times the...Read More
Opinions have varied ever since the United States’ SEC filed a lawsuit against Ripple a few weeks ago, a development that for a brief while left the cryptocurrency XRP tanking. However, while quite a few exchanges and trading platforms have already de-listed or suspended XRP trading in the aftermath of the same, a few others...Read More
Sequel to its removal of XRP from its diversified public crypto fund, Grayscale Investments has announced the dissolution of its XRP Trust. The move is another fallout from the current enforcement action instituted by the U.S. Securities and Exchange Commission (SEC) against Ripple. Grayscale Terminates XRP Trust Grayscale announced the decision to dissolve its XRP...Read More
The price of XRP, one of the world’s largest altcoins, has been rather volatile over the last couple of months. While for a brief time in late November 2020 hodlers did expect XRP’s prices to surge, all hope was lost after the Securities Exchange Commission sued Ripple for an illegal securities offering. Not only did...Read More
2021 has started off well for most of the crypto ecosystem, except for Ripple. The company is on the verge of one of the riskiest lawsuits in the history of the industry, and the pessimism surrounding its XRP token has led it into a downward spiral that is causing significant losses to those who still...Read More
Things are not looking great for Ripple and its XRP cryptocurrency. In a day where the total market cap managed to add a whopping $60 billion as bitcoin charts a staggering 11% increase, XRP is down 5% in the past 24 hours. In what looks like an interesting development, a group of supporters is trying...Read More
While Ripple is dealing with allegations from the U.S. Securities and Exchange Commission (SEC) concerning its XRP token, major U.S. cryptocurrency exchange Coinbase seems to be getting its own share of legal saga, as the company faces a class-action lawsuit for receiving commissions gotten from the sale of XRP tokens. Coinbase Slammed With Class Action...Read More
New York-based fund manager VanEck has recently filed for registration for their upcoming VanEck Bitcoin Trust with the United States Securities Exchange Commission (SEC). According to the document filed with the federal agency, the preliminary prospectus was filed on 30 December 2020. Twitter user Kevin Rooke drew attention to the filing from the $49 billion...Read More
With XRP’s price being dragged through the mud, Ripple is on high alert and preparing for the suit. This lawsuit by SEC has sent ripples across the industry [pun intended] and people are questioning what’s next? or more precisely ‘who’s’ next? Some say it could be Link, Bitcoin, or even Ethereum, but if we are...Read More
The XRP community has been trying to find a glimmer of hope for the digital asset that has been termed a security by the US Securities and Exchange Commission [SEC]. According to the filing, an initial pretrial conference in the SEC vs Ripple case has been scheduled for 22 February 2021. According to the filing,...Read More
In the wake of the recent allegations against the firm by US SEC, Ripple issued a new statement today in which the firm called the SEC’s decision “an attack” on US crypto industry and said that the lawsuit affected countless innocent XRP retail holders. Especially those “who have no connection to Ripple,” the firm said....Read More
In the wake of the recent allegations against the firm by US SEC, Ripple issued a new statement today in which the firm called the SEC’s decision “an attack” on US crypto industry and said that the lawsuit affected countless innocent XRP retail holders. Especially those “who have no connection to Ripple,” the firm said....Read More
Click Here For AMBCrypto’s Survey – A chance to win Trezor One Major Japanese financial services company SBI Holdings published an official statement with regard to the proceedings against Ripple by the United States Securities Exchange Commission (SEC). The group said that under Japanese law, XRP is dubbed as a “cryptocurrency asset.” Last week, SEC...Read More
Blockchain tracking company WhaleAlerts identified that crypto whales moved 365.7 million XRP in total, in the last 24 hours. Overall, the XRP transaction amounted to $98,162,899. An anonymous whale made the biggest transfer of funds by moving 181 million XRP, worth about $53 million, at the time. On 23 Dec, 18:57 UTC, even Ripple participated...Read More
A day after the former chairman of the United States Securities and Exchange Commission, Jay Clayton, stepped down, the watchdog has its new chief in the face of Elad Roisman. Hester Peirce, an SEC Commissioner who’s well-known within the cryptocurrency community for her stance on a potential Bitcoin ETF, broke the news that the Commission...Read More
Following news of the legal action, which alleged that Ripple had been conducting unregistered securities offerings worth $1.3 billion, the price of XRP plummeted heavily. But things are getting worse for the cryptocurrency. The drastic fall in price was just one of XRP’s problems as several crypto trading companies have quickly moved to disassociate themselves...Read More
The regulator alleges that the company conducted a $1.3 billion unregistered securities offering and failing to provide investors with adequate disclosures about XRP. Industry leaders have been lamenting the demise of the company and some creative soul has even created a CNBC parody advising investors on how to short the asset. This is SAVAGE. CNBC’s...Read More
