Ripple’s recent win against the United States Securities and Exchange Commission (SEC) seems to have emboldened crypto firms in the space. As more companies take on the regulator in court, a lawyer has pointed out why XRP’s ruling is important. Ripple Case Ruling a Game-Changer for Crypto Industry A popular Twitter handle, MetaLawMan, has emphasized
XRP
In the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Federal Judge Analisa Torres has announced that the court intends to schedule a jury trial for the second quarter of 2024. The decision follows a partial summary judgment and short-term victory for Ripple and XRP holders, handed down by
Top Stories This Week Judge revokes Sam Bankman-Fried’s bail, remands him to custody FTX’s former CEO, Sam “SBF” Bankman-Fried, had his bail revoked by a federal judge in response to the release of information to The New York Times allegedly intended to intimidate witnesses. During a hearing on Aug. 11, Judge Lewis Kaplan revoked Bankman-Fried’s
In the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC), the regulator filed an “interlocutory appeal” yesterday, challenging Judge Analisa Torres’ ruling. The appeal letter has sparked a heated debate among legal experts, with some suggesting that the appeal could indirectly challenge XRP’s status as a non-security. The SEC’s appeal,
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has been a focal point for the crypto community, and the recent developments have only intensified the spotlight. The SEC’s request for an interlocutory appeal has stirred a whirlwind of analysis, with legal experts weighing in on the potential outcomes and their
Crypto users have reported seeing “wonky” prices for Ripple’s XRP (XRP) token on the Gemini crypto exchange hours after it relisted the token on its platform for deposits and trading. Several crypto community members on X (Twitter) on Aug. 11 posted screenshots of what many have described as a “price glitch” that has seen XRP’s
Gemini, the US-based crypto exchange, announced its support for XRP following Ripple’s recent legal breakthrough. Gemini Enables XRP Deposits Effective immediately, Gemini users can deposit XRP tokens on the platform. This decision comes after a prolonged absence due to the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). In December
Binance Labs, the venture arm of cryptocurrency exchange Binance, has invested $5 million in Curve (CRV), the namesake token of the decentralized stablecoin trading platform. “Curve is the largest stableswap and second-largest DEX [decentralized exchange], with approximately $2.4B in total value locked and $215M in daily volume at the time of writing,” Binance Labs said
The legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs seems not to be ending anytime soon, as recent developments suggest that the feud could run into next year. The SEC Has No Right Ripple’s Chief Legal Officer (CLO) Stuart Alderoty has responded to the SEC’s intention to file an appeal
Aptos (APT), the cryptocurrency powering layer-1 blockchain Aptos Network, is up approximately 11.6% since announcing it will leverage Microsoft’s suite of artificial intelligence tools to advance Web3 adoption among banks and financial enterprises. This will be achieved by enabling the Aptos Network to tap into Microsoft’s Azure OpenAI service to explore innovations in asset tokenization,
The X (Twitter) account of crypto-focused venture capital firm Blockchain Capital has seemingly been taken over by scammers attempting to lure users with the promise of a token claim. On Aug. 9, Blockchain Capital’s account made multiple posts promising a giveaway of “BCAP” tokens and directed users to a copycat website that emulates the appearance
Moon and Brick, two tokens created by users of social media platform Reddit, are up 48% and 443%, respectively, in the past week after being listed on cryptocurrency exchange Kraken. In an Aug. 7 announcement, Kraken announced the listing of Moon and Brick for spot trading and perpetual futures. At the time of publication, users could only deposit
Stuart Alderoty, Ripple Labs’s Chief Legal Officer, took to Twitter to voice concerns over potential conflicts of interest involving former SEC official, Bill Hinman. Alderoty tweeted, “Crypto critic/x-SEC official John Reed Stark says there should be an investigation into Bill Hinman. This is broader than Ripple – there could potentially be serious conflicts of interest
Paypal’s new Ethereum-based stablecoin, PYUSD has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it could also spell trouble for decentralization and personal control of assets, warns the community. The new stablecoin, Paypal USD, was launched on Aug. 7 and is issued
Ripple Labs, a leading name in the blockchain industry, has faced significant setbacks over the past few years, mainly due to a drawn-out lawsuit with the US Securities and Exchange Commission (SEC). As discussions and debates surrounding the lawsuit’s impacts on the company’s growth continue, Hugo Philon, CEO of Flare Labs, shared his insights on
MakerDAO, one of the early pioneers of decentralized finance, has sparked criticism over its decision to block virtual private network (VPN) users from accessing its recently launched lending platform, Spark Protocol. At the time of writing, VPN users that attempt to access the Spark Protocol website will be met with an error: “Accessing this website
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