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PortuguêsRumors have surfaced in recent days that a landmark day in the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission could be coming up on Monday,…
Continue ReadingCFTC has faced a lot of scrutiny in the wake of FTX collapse due to its ties with the crypto exchange and SBF’s efforts to put the committee as the…
Continue ReadingCuriously, the crypto industry was watching Sam Bankman-Fried’s (SBF) interview at the Dealbook summit a few hours ago. In the meantime, however, an extremely important shift in regulatory stance has…
Continue ReadingTwo other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are believed to be in Brazil. One of the leading figures…
Continue ReadingLBRY Inc noted that while the company is on its last legs, the underlying protocol and blockchain behind the content platform will carry on. The firm behind the decentralized content…
Continue ReadingThe U.S. Securities and Exchange Commission (SEC) has revealed some initiatives involving crypto assets in its Strategic Plan for the fiscal years 2022-2026. The initiatives are intended to address the…
Continue ReadingIn the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), both parties have taken an important step towards a ruling by Judge Analisa Torres. According…
Continue ReadingSince people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that,…
Continue ReadingAs the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) enters the home stretch, the fintech is throwing one more punch. As NewsBTC reported, Nov.…
Continue ReadingCongressman Tom Emmer showed concerns about the oversight strategy implemented by Gary Gensler, the chair of the U.S. Securities and Exchange Commission for the crypto ecosystem. While regulations are often…
Continue ReadingAlleged securities violations and connections with retail investors are being investigated by the State of Alabama and several other states. Cryptocurrency lending firm Genesis Global Capital and other crypto firms…
Continue ReadingA Ripple executive says there is one important lesson from the meltdown of crypto exchange FTX that he “can say with total confidence will not be learned.” The executive added:…
Continue ReadingU.S. Congressman Tom Emmer says the FTX meltdown is not a crypto failure but a failure with SEC Chairman Gary Gensler, former FTX CEO Sam Bankman-Fried, and centralized finance. “We…
Continue ReadingWhile the crypto community has been eagerly focused on the developments surrounding Genesis Trading and Digital Currenc Group (DCG) over the past few days, Ripple Labs continues to battle the…
Continue ReadingAccording to the Chamber of Digital Commerce CEO, passing any kind of legislation — including bills on crypto and blockchain — will be “incredibly difficult” in a divided government. Perianne…
Continue ReadingI asked the SEC to take public comments on issues related to cryptocurrency custodians and intermediary conflicts. The SEC declined to take my advice, and FTX fell apart soon after.…
Continue ReadingAmerican CryptoFed DAO begins litigation battle with SEC over 2021 token registrations, opts not to have attorneys in a fight for registration. The first official decentralized autonomous organization (DAO) in…
Continue ReadingThe SEC instituted administrative proceedings against American CryptoFed to determine the issuance of a stop order which would retract its registration and bar sales of in-house tokens, Ducat and Locke.…
Continue ReadingThe CEO of Ripple Labs, Brad Garlinghouse, believes that the crypto industry will come out stronger after the FTX meltdown if transparency and trust remain its key focus. He stressed…
Continue ReadingThe commissioner said Congress may have to intervene in relations between the regulating agencies, but both have a role to work out; until then the burden is on the states.…
Continue ReadingSingapore-based Temasek Holdings Limited has announced that it will write off its $275 million investment into FTX and its associated companies. This, owing to recent developments and emerging doubts over…
Continue ReadingThe U.S. Securities and Exchange Commission (SEC) says its Enforcement Division “remains focused on the rapidly evolving crypto asset securities space.” The securities regulator filed 760 enforcement actions in total…
Continue ReadingRipple expands its ODL presence into Africa through MFS Africa. Why Ripple’s approach for the African rollout has targeted a mobile payment gateway. Ripple has continued to expand its ODL…
Continue ReadingAmerican authorities are trying to extradite Sam Bankman-Fried aka SBF to investigate the debacle surrounding the bankrupt FTX. According to Bloomberg, they have been in talks with the Bahamian authorities…
Continue ReadingU.S. Congressman Brad Sherman has called on the Securities and Exchange Commission (SEC) to “take decisive action to put an end to the regulatory gray area in which the crypto…
Continue Reading“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change,” said the SEC. The United…
Continue ReadingIn the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission, U.S. district court judge Analisa Torres has granted several motions to file amicus briefs. As a…
Continue ReadingU.S Congressman Brad Sherman has taken aim at crypto’s rich and elite, accusing them of impeding necessary legislations required to regulate the industry. The representative of California’s 30th Congressional District…
Continue ReadingThe U.S. Securities and Exchange Commission (SEC) reportedly met with crypto exchange FTX and former CEO Sam Bankman-Fried several times before the crypto firm filed for bankruptcy. SEC Chairman Gary…
Continue ReadingAs theories proliferate wildly about the true nature of what happened to failed crypto exchange FTX, little is yet clear to the crypto community. Former CEO of FTX Sam Bankman-Fried…
Continue ReadingFTX Europe is one of roughly 130 companies in FTX Group that will be a part of bankruptcy proceedings in the United States. The Securities and Exchange Commission of Cyprus,…
Continue ReadingOn Nov. 11, 2022, FTX Trading Ltd. filed a voluntary petition for Chapter 11 bankruptcy protection in Delaware. The news followed a few days of speculation and evidence that had…
Continue ReadingU.S. Senator Elizabeth Warren says the implosion of crypto exchange FTX shows that the crypto industry needs “more aggressive enforcement.” She stressed: “I’m going to keep pushing SEC to enforce…
Continue ReadingThe U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer funds and breaking…
Continue ReadingMinnesota Representative Tom Emmer did not provide any evidence to his claim Gary Gensler was “helping SBF and FTX work on legal loopholes,” but said he was looking into the…
Continue ReadingGrayscale Bitcoin Trust (GBTC), the world’s largest institutional Bitcoin fund, was recently at the end of its worst performance since inception in 2013. On 9 November, GBTC closed at $8.76…
Continue ReadingPredictably, the collapse of FTX has put U.S. regulators on notice. Both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have launched investigations into…
Continue ReadingUS regulators are investigating whether Sam Bankman-Fried’s FTX properly handled client funds following the exchange’s liquidity crunch, Binance acquisition. SEC, CFTC reportedly probing FTX over handling of customers’ funds. Investigations…
Continue ReadingOn 7 November, a federal judge in New Hampshire ruled that crypto-startup LBRY had violated securities laws by selling LBC. It did so by selling its native token without registering…
Continue ReadingWhat impact could the LBRY ruling have on the legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC)? This is the question that attorney John E…
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