Ripple recently made headlines by contributing $25 million to the Fairshake super PAC, showcasing its commitment to advocating for pro-crypto policies and politicians. This significant financial injection aligns with a larger industry-wide effort to ensure fair and balanced regulation within the cryptocurrency space. Ripple’s decision to support Fairshake comes at a critical juncture, as the
Crypto
Recent geopolitical tensions and inflation have led to a significant shift in the mindset of American voters, with many now considering the stance of political candidates on cryptocurrencies before casting their vote. A survey conducted by Harris Poll, funded by Bitcoin ETF issuer Grayscale, found that one in three U.S. voters will factor in a
In May, the cryptocurrency sector faced significant losses amounting to $42.6 million due to various factors such as exploits, flash loans, and exit scams. While these losses were substantial, there was some relief as approximately $96.2 million was recovered, mitigating the economic impact to some extent. One of the major contributors to losses in the
In a fascinating turn of events, a crypto user identified only as Michael recently recovered 43.6 bitcoins that had been lost for over a decade. The story, detailed in a YouTube video, showcases the remarkable efforts of cybersecurity researchers Joe Grand and Bruno, who played a pivotal role in helping Michael regain access to his
Mastercard has recently introduced its latest innovation, the Mastercard Crypto Credential, aiming to revolutionize peer-to-peer transactions in the blockchain space. This new feature will allow users on various exchanges to send and receive cryptocurrency using simple aliases rather than complex blockchain addresses. By streamlining the process, Mastercard hopes to promote wider adoption of cryptocurrencies and
The latest report by Messari has revealed a substantial increase in network activity on XRP Ledger (XRPL) this year, coinciding with the broader market recovery. Active addresses and transactions on the network have surged by 37% and 113% quarter-over-quarter (QoQ) respectively, underlining a growing interest in XRPL. Despite the surge, the network has proven to
The incident at DMM Bitcoin on May 31st highlighted the vulnerability of Japanese cryptocurrency exchanges to cyber attacks. A staggering $305 million worth of Bitcoin was lost due to the hack, with 4,502.9 bitcoins drained from the platform. DMM Bitcoin confirmed the attack but has not provided specific details about how the breach occurred. In
Recently, the U.S. District Court for the District of Utah made a significant decision regarding the Securities and Exchange Commission’s (SEC) case against Digital Licensing, also known as Debt Box. The court not only dismissed the case but also ordered the SEC to pay approximately $1.8 million in attorney and receivership fees. This ruling has
The year 2021 has witnessed a surge in the launch of meme coins, many of which have raised concerns about their legitimacy and ties to celebrities. The launch of JENNER on the Solana blockchain, endorsed by American celebrity Caitlyn Jenner, has particularly drawn attention to the risks associated with trading meme coins. Despite doubts from
Blockchain analytics firm Nansen recently uncovered DBS Bank, a major banking institution in Singapore, as a prominent player in the cryptocurrency market. The firm identified a crypto wallet linked to DBS Bank holding a substantial amount of Ether (ETH), totaling 173,753 coins valued at around $650 million based on current market prices. This revelation highlights
