The cryptocurrency market has flashed green recently, with most digital currencies charting substantial gains. Bitcoin (BTC) – the largest by market capitalization – and XRP – Ripple’s native token – are undoubtedly amongst those. In this article, we will observe ChatGPT’s answer to the question of whether XRP has a chance to outperform the primary...Read More
Pablo Rodriguez – the co-founder of the cryptocurrency pyramid scheme AirBit Club – was sentenced to 12 years in prison months after pleading guilty to wire fraud conspiracy charges in a US District Court in March. Rodriguez and his co-conspirators were accused of orchestrating a global scam, enticing investors with false promises of cryptocurrency riches...Read More
SEC Chair Gary Gensler Under Fire During a discussion about cryptocurrency regulations, Congressman Warren Davidson recently expressed concerns about the actions of Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC). Davidson, a House Financial Services Committee member, highlighted the need for transparency and accountability within the SEC. During the conversation with...Read More
Asset managers continue to actively explore digital asset products, with Bitwise poised to launch trading for two Ethereum-themed ETFs next week. The release of the two products is expected to enable investors to gain exposure to CME Ether futures through the widely popular and regulated ETF format for the first time. Bitwise’s Ethereum-Themed ETFs One...Read More
On Sept. 28, the SEC charged Anthony Viggiano for insider trading ahead of numerous merger-and-acquisition deals. The complaint, filed in the U.S. District Court for the Southern District of New York, alleged Viggiano tipped two friends on upcoming M&A deals and strategic partnerships. Chief of the SEC’s Market Abuse Unit, Joseph Sansone, commented: “As alleged...Read More
John E. Deaton – a US attorney representing thousands of Ripple investors in the lawsuit against the US Securities and Exchange Commission (SEC) – does not see how the regulator will prevail. He described the agency’s claim that it wants faster adjudication than the blockchain enterprise as the “dumbest argument” he had heard. In his...Read More
In a significant development in the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and major cryptocurrency exchange Binance, stablecoin issuer Circle has intervened, asserting that stablecoins should not be categorized as securities under existing financial regulations. This comes after earlier this year, Binance faced several legal accusations from regulators with the...Read More
Valkyrie Investments, known for its Bitcoin Mining ETFs, will begin investing in Ether Future ETFs, making it the first to offer exposure to Ether and Bitcoin futures contracts within a single entity. The asset management firm plans to purchase Ethereum Futures on Oct. 3, expanding its offerings range. Valkyrie Expands Offerings with Ethereum Futures Valkyrie...Read More
Despite Ripple’s partial victory in July, the legal battle between the company and the US Securities and Exchange Commission (SEC) continues at full speed. In this article, we will outline the latest essential details surrounding the lawsuit as well as Gary Gensler’s (Chairman of the regulator) most recent reaction to the dispute. The Battle Goes...Read More
The United States Securities and Exchange Commission (SEC) has delayed reviewing Bitcoin ETF applications from major financial firms, including BlackRock, Valkyrie, Invesco, and Bitwise. Analysts say this postponement is tied to the impending risk of a U.S. government shutdown on Oct.1. SEC Delays Bitcoin ETF Applications According to separate Sept. 28 filings, the SEC has...Read More
During his congressional testimony on Wednesday, Gary Gensler, the U.S. Securities and Exchange Commission (SEC) chairman, persisted in his criticism of the cryptocurrency industry. Despite partisan divisions and ongoing legal battles, Gensler did not disclose the SEC’s next moves regarding spot bitcoin exchange-traded funds (ETFs) following a recent legal setback. Gensler Accuses Crypto Companies Chair...Read More
Terraform Labs founder Do Kwon has submitted a court filing urging a federal court to dismiss the U.S. Securities Exchange Commission’s (SEC) request to question him in the country regarding the severe crash of his company’s tokens Terra and Luna. According to the filing in the U.S. District Court for the Southern District of New...Read More
Ripple is hosting a party to further unite the XRP community and, more importantly, celebrate the landmark partial victory against the US Securities and Exchange Commission (SEC) secured in mid-July. Apart from drinking and having fun, though, some people believe the gathering could witness some serious developments surrounding the blockchain enterprise and its future advancement....Read More
The ongoing lawsuit between Ripple and the United States Securities and Exchange Commission (SEC) and the developments surrounding the popular memecoin Shiba Inu (SHIB) remain among the trendiest crypto topics. In the following lines, we will pinpoint the newest events focused on the matter. The Ripple v. SEC Battle The legal fight, which dates back...Read More
John E. Deaton – a US attorney who represents thousands of XRP investors in the lawsuit between Ripple and the SEC – criticized the agency for one of its latest moves. Specifically, the regulator opposed a reorganization plan presented by Coinbase, according to which customers of the now-bankrupt crypto lender Celsius Network could be reimbursed...Read More
Ripple seems determined to push the legal battle with the US Securities and Exchange Commission (SEC) into a decisive victory in its favor. As such, the company recently hired a renowned lawyer who could help in that mission. Ripple Welcomes Rahul Mukhi James K. Filan – a defense lawyer and formal federal prosecutor – took...Read More
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) remains a trend in the crypto space. Both entities have fired multiple shots at each other in the past three years, with the crypto company currently having the upper hand. In this article, we will observe the most recent developments around...Read More
On Sept. 21, the company submitted a 60-page petition asserting that the financial regulator overstepped its authority when it sued them. The SEC sued Binance in June, alleging a range of misdemeanors, including mishandling customer funds, misleading investors and regulators, and violating securities rules. Binance and CZ have accused the SEC of “attempting to impose...Read More
Binance CEO Changpeng ‘CZ’ Zhao has refuted a recent report alleging that he received a $250 million loan from BAM Management, the company that serves as the holding entity for Binance.US. The development comes amidst Binance’s struggles with plunging trading volume as the world’s largest cryptocurrency exchange faces mounting lawsuits and increased regulatory scrutiny. CZ...Read More
It is safe to say that Binance US – the American subsidiary of the world’s leading cryptocurrency exchange – has passed through turbulent times, witnessing considerable customer withdrawals and diminished trading volume in the past several months. According to the market data provider Kaiko, weekly trade volumes on the platform have recently plunged to a...Read More
As the world’s leading crypto exchange continues its battle against the SEC – and other U.S. regulators – requests for extra documentation abound. Judge Accuses SEC Of Overreach Earlier this week, the SEC complained about the quality of information made available to its personnel, stating that Binance and its U.S. arm had only turned over...Read More
The lawsuit between Ripple and America’s securities regulator – the US SEC – is undoubtedly one of the trendiest topics in the cryptocurrency space. The legal battle started in 2020 when the watchdog accused the former and its management team of breaching laws and using the alleged unregistered security XRP to raise funds. Since then,...Read More
The US Securities and Exchange Commission (SEC) has claimed that Binance has failed to provide sufficient documentation despite previously agreeing to expedited discovery. BAM, the organization responsible for Binance’s US affiliate, has submitted approximately 220 documents. However, the SEC’s legal representatives have alleged in a new filing that many of these documents consist of “unintelligible”...Read More
Attorney John Deaton, known for his representation of XRP token holders involved in the legal battle against the US Securities Exchange Commission (SEC), has officially filed a formal notice of appearance as an Amicus Curiae in the LBRY lawsuit. This recent development follows LBRY’s filing of an appeal notice to the United States Court of...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
Nasdaq, the renowned stock exchange, has officially filed with the Securities and Exchange Commission (SEC) to list an Ethereum ETF in partnership with Brazilian asset manager Hashdex, who expressed interest in holding both spot ether and futures contracts. Nasdaq Partners with Hashdex on ETH ETF Application The partnership will result in the creation of the...Read More
Things have settled down a little since the SEC’s court losses against Ripple and Grayscale. However, the head of the federal regulator remains committed to crushing the industry by enforcement actions rather than regulation. In written testimony to the Senate Banking Committee on Sept. 12, Gensler said: “There is nothing about the crypto asset securities...Read More
Brad Garlinghouse – Chief Executive Officer of Ripple – revealed in a recent interview with Bloomberg that 80% of the the crypto firm’s staff hiring this year will be outside the United States. Recall that the entity has an ongoing legal battle with the US Securities and Exchange Commission (SEC). The latter accused the former...Read More
According to the popular cryptocurrency analyst Shannon Thorp, the price of Ripple’s native token could blast beyond $500 in the future. She based her bold prediction on a recent report that estimated that the total value of cross-border payments might reach $250 trillion by 2027. XRP Hitting the $500 Mark? Thorp shared some key points...Read More
