Crypto news

The case between Ripple and the United States Securities and Exchange Commission has surely done a lot of damage to the company and its cryptocurrency – XRP. In fact, a lawyer who represents tens of thousands of XRP holders recently took it to X to outline the damage that the lawsuit has caused the company. He argued that it harmed not only the cryptocurrency’s adoption but also potentially affected major developments in the past three years. XRP Amid the Ongoing SEC Saga...

Delio, a South Korea-based Bitcoin lender, is reportedly planning to launch an administrative lawsuit against local financial regulators, citing poor and incorrect interpretation of the law. This new lawsuit comes after an investigation and fine imposed on the Bitcoin lending firm by the South Korean watchdog. Delio to Sue South Korean Watchdogs Earlier this month, The Financial Intelligence Unit (FIU) of South Korea recommended the dismissal of Delio CEO Jeong Sang-ho...

According to a Sept. 14 report from on-chain analytics provider Chainalysis, the total amount of cryptocurrency stolen is estimated at $3.54 billion. North Korea “continues to be an incubator for hacking activities and remains one of the largest active threats in the cybercrime landscape,” it stated. Moreover, the Democratic People’s Republic of Korea (DPRK)-linked hacking groups are “increasing their use of Russia-based exchanges known to launder illicit crypto assets.” 🧵...

Ron DeSantis – the republican governor of Florida who recently threw his hat into the 2024 presidential ring – said that the present commander-in-chief Joe Biden has started a crypto war that will end once he, DeSantis, becomes the next leader of the free world. Ron DeSantis Vows to Open the Crypto Door as President During a recent campaign event in New Hampshire, DeSantis pledged his love and loyalty to bitcoin, continuing a string of pro-crypto statements that...

The new Bitcoin-only trust company will combine expertise from BitGo and Swan Bitcoin to drive adoption with minimal exposure. California-based crypto custodian BitGo Inc and Bitcoin services firm Swan are working to create a Bitcoin-only trust company. The new firm will offer customers Bitcoin custody without the risk of exposure to the crypto market. According to an official press release, the new firm will be the first Bitcoin-only trust company. It will combine regulatory compliance...

Mark Yusko – the head executive of Morgan Creek Capital Management, a hedge fund – has stated that bitcoin could reach a price of about $300,000 per unit by the time 2028 rings in. Mark Yusko Has High Hopes for Bitcoin Right now, the gold arena has a market capitalization of about $6 trillion. He believes bitcoin will soon be able to rival the precious metal thanks, in large part, to next year’s scheduled halving. He says BTC is going to experience enough of a...

The performance of Instacart IPO will provide valuable insights into the appetite for tech-driven companies and the willingness of investors to pay a premium for companies operating in sectors with significant growth potential. Popular grocery delivery app, Instacart has recently made waves in the financial world by announcing its intention to raise the proposed price range for its upcoming Initial Public Offering (IPO). This strategic move comes hot on the heels of a highly successful IPO...

Democratic presidential hopeful Robert Kennedy Jr. has serious issues with the idea that bitcoin is causing harm to the world’s oceans and environment. Robert Kennedy Dismisses Environmental Concerns Regarding BTC Bitcoin – especially bitcoin mining – has been the subject of several environmentalists’ wrath over the past few years. There have been many reports claiming that crypto mining is doing irreparable harm to the planet and the process uses more energy than...

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) might provide a lasting solution to the challenge posed by blockchain fragmentation. In a recent development, the Australia and New Zealand Banking Group (ANZ), one of Australia’s major banks, is taking significant steps toward the launch of its bank-issued stablecoin A$DC. This move follows a successful test transaction conducted using Chainlink’s Cross-Chain Interoperability Protocol, and it aims to facilitate the simulation of...

Tesla is likely to decide on a breakthrough method of die casting multiple sections of its EVs to reduce cost and improve production. Tesla Inc (NASDAQ: TSLA) has reportedly figured out a technological breakthrough that will transform the process of making electric vehicles. Fine-tuning the process will help Tesla cut production costs considerably. Tesla stock closed 1.75% higher at $276.04 on the news. Five people familiar with the matter spoke with Reuters anonymously. According to these...