Recently, Ripple found itself in the midst of a legal battle with the SEC over alleged violations of securities laws. The lawsuit concluded with the company being ordered to pay a $125 million fine, significantly less than the initial $2 billion demanded by the regulator. This outcome was viewed by many in the industry as
Crypto
Whistleblowers play a crucial role in the Commodity Futures Trading Commission’s (CFTC) enforcement actions, especially in the digital asset markets. The recent award of over $1 million to a crypto whistleblower highlights the significance of insider information in uncovering unlawful conduct in this sector. The CFTC’s Director of Enforcement, Ian McGinley, emphasized the agency’s focus
Tether, a leading stablecoin issuer, is planning to double its workforce within the next year. This move is part of the company’s efforts to strengthen areas such as compliance and finance. By mid-2025, Tether aims to have around 200 employees, up from its current staff size. Chief Executive Officer Paolo Ardoino highlighted the importance of
Grayscale Research has recently released a report suggesting that Bitcoin could reach its all-time high later this year. This prediction is contingent upon the U.S. economy avoiding a potential recession. The report highlights a period of stabilization in both the cryptocurrency market and broader financial markets following sharp declines in early August. Analysts at Grayscale
Shibarium, the layer-2 scaling solution for Shiba Inu, has been making significant progress in terms of transaction speed, scalability, and cost reduction. The recent announcement of a hard fork with the new Bor version showcases the platform’s commitment to continuous improvement and development. The Bor layer plays a crucial role in validating and securing transactions
Bitcoin’s recent price recovery has been impressive as the cryptocurrency exceeded $60,000 and neared $63,000 for the first time since the weekend. This positive movement comes after a market-wide crash that occurred last week, leading to BTC plummeting to a 6-month low of $49,500. However, the asset quickly started to recover, climbing to $53,000 on
Metaplanet, a Japanese investment firm, recently secured a substantial loan from MMXX Ventures to bolster its Bitcoin holdings. This decision came after the company’s announcement to raise $70 million for Bitcoin investments. Prior to embracing Bitcoin, Metaplanet faced financial difficulties, being referred to as a “zombie” company by CEO Simon Gerovich. Bitcoin Investments Metaplanet’s loan
In a recent Fox Business report, it was revealed that a new advocacy group, “Crypto for Harris,” has been established to counter Donald Trump’s appeal within the cryptocurrency industry. The group is set to hold a virtual town hall meeting to bolster the Harris campaign and drive fundraising efforts. Notable figures such as Mark Cuban,
XRP has recently demonstrated an impressive performance, decoupling from the broader crypto market to outperform all top assets in terms of daily gains. Despite the market’s struggles, XRP saw a significant price increase of nearly 20% in just one day, reaching $0.64 before slightly retracing to $0.61. This bullish trend has resulted in XRP posting
Brazil’s Securities and Exchange Commission (CVM) recently approved the country’s first Solana-based exchange-traded fund (ETF), positioning Brazil ahead of other countries in the crypto investment landscape. The approval, granted on August 7, is a significant milestone for Brazil, especially considering the United States’ slower progress in approving Solana ETFs. The newly approved Solana ETF, created
