After a long-awaited conclusion to the settlements phase of the trial, Ripple faced a much smaller fine than expected from the SEC. This decision by U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) resulted in a fine of just a little over $125 million, significantly lower than the requested
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Celsius, a company that filed for bankruptcy two years ago, is now taking legal action against Tether for what they claim was the wrongful liquidation of over $800 million worth of BTC. The lawsuit, filed in the US Bankruptcy Court for the Southern District of New York on August 9, accuses Tether of breaking their
The recent development in the lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has resulted in Ripple being fined $125 million for violating certain securities laws. This amount is significantly lower than the initial demand of $2 billion from the regulator. Many industry participants are viewing this decision as a victory for
Whistleblowers have been playing a crucial role in enforcing regulations within the digital asset market. The Commodity Futures Trading Commission (CFTC) recently awarded over $1 million to a crypto whistleblower, highlighting the significance of insider information in identifying unlawful conduct. The CFTC’s Whistleblower Program, established under the Dodd-Frank Wall Street Reform and Consumer Protection Act
Stablecoin issuer Tether is gearing up for significant growth in the coming year as it aims to double its workforce. CEO Paolo Ardoino has revealed plans to increase the company’s headcount to around 200 employees by mid-2025. This expansion is aimed at bolstering key areas such as compliance and finance, particularly in managing the $118
Shibarium, the layer-2 scaling solution for Shiba Inu, has been making waves with its advancements in transaction processing speed, scalability, and cost reduction within the Shiba Inu ecosystem. The recent announcement of a hard fork launching the new Bor version has grabbed the attention of the crypto community. The upgrade, set to take place on
In a recent research report by Grayscale, Bitcoin is predicted to potentially reach its all-time high later this year, depending on the U.S. economy’s ability to avoid a recession. This positive forecast comes after a period of stabilization in the cryptocurrency market and broader financial markets, which experienced significant declines recently. Grayscale Research also highlighted
The recent recovery in the cryptocurrency market has been nothing short of impressive, with Bitcoin leading the way. After experiencing a market-wide crash that saw its price tumble to a 6-month low of $49,500, Bitcoin wasted no time in bouncing back. Within a matter of days, the leading cryptocurrency surged to over $60,000 and came
Metaplanet, a Japanese investment firm, recently made headlines by securing a $6.8 million loan to increase its Bitcoin holdings. This move was part of a larger strategy to allocate a significant portion of its raised funds towards Bitcoin investments. The decision to take out a loan from MMXX Ventures, one of its shareholders, at a
A new advocacy group called “Crypto for Harris” has recently emerged to challenge the industry appeal of rival Donald Trump. The group is set to host a virtual town hall meeting next week in support of the Harris campaign and to promote fundraising efforts. Key speakers at the event include notable figures such as crypto
Brazil’s Securities and Exchange Commission (CVM) recently made history by approving the country’s first-ever Solana-based exchange-traded fund (ETF). This significant milestone positions Brazil at the forefront of the global market for regulated investments in cryptocurrencies. The approval, which was granted on August 7, marks a pivotal moment for Brazilian investors and showcases the country’s commitment
XRP has defied the odds by decoupling from the broader crypto market and showcasing impressive gains in the past day. While other cryptocurrencies struggle, XRP surged by nearly 20%, hitting $0.64 before slightly retracing to $0.61. This surge has propelled XRP to a 42% increase in monthly gains, making it one of the top-performing assets
Judge Peter Castel has officially approved a $12.7 billion settlement between the bankrupt cryptocurrency exchange FTX and its sister company Alameda Research. This settlement comes as a result of a lawsuit filed by the United States Commodity Futures Trading Commission (CFTC) that lasted for 20 months. The ruling requires FTX Trading and Alameda to jointly
Shiba Inu, a popular meme coin in the crypto market, has seen significant price movements over the past year. In Q2 2021, the price of Shiba Inu soared by an incredible 1,000x. This was followed by another impressive rally in September-October 2021, where it 10x’d in value. However, despite these parabolic price increases, the ROI
