Crypto news

Lisa R. Zornberg, a prominent U.S. attorney representing Ripple Labs in the legal battle with the Securities and Exchange Commission (SEC), is seeking the court’s approval to withdraw from the case following her appointment as New York Chief Counsel by Mayor Eric Adams. According to a recent filing, Ripple asked the court to grant Zornberg’s request as she would no longer be associated with the American law firm Debevoise & Plimpton LLP from July 31, 2023. XRP Attorney...

An 82-year-old woman in the city of Crawford, Texas has lost $15,000 to crypto scammers. The good news is that she’s gotten her money back, but the incident has sparked a serious feud between the McLennan County Sheriff’s Office and Lux Vending (operating as Bitcoin Depot), the crypto ATM company that served as the medium of transfer for the potentially illicit activity. Bitcoin Depot Says It’s the Victim The sheriff’s office wound up seizing cash from the machine...

Crypto investor and Galaxy Digital CEO Mike Novogratz told followers on Wednesday to “Buy BTC” in response to the United States government’s rapidly growing interest expense on its sovereign debt. To some analysts, the trend suggests that the Federal Reserve will be forced to lower its benchmark interest rate again if the Federal government can no longer keep up. The US Debt Problem According to market analyst Joe Consorti, the U.S. government is now paying $970 billion per...

Like most investors (and everyday Americans), billionaire Mark Cuban is not happy with the Securities and Exchange Commission (SEC). In fact, he’s downright angry with the institution and says it’s abusing its power. Mark Cuban Targets the SEC in Twitter Slam In a recent interview, the owner of the Dallas Mavericks basketball team criticized the agency’s decision to go after Coinbase, the biggest and most popular crypto exchange in the U.S. He says the SEC is...

Although most prices in the cryptocurrency market have shown high levels of stagnation in the past week, there were still several notable developments on different fronts. Starting with US regulations, this week saw discussions for a few separate bills, including the Financial Innovation and Technology for the 21st Century Act, which Democrats claimed still “reeks” of Sam Bankman-Fried – the disgraced former FTX exec who was among the chief supporters. On the other hand,...

[unable to retrieve full-text content]CoinspeakerArthur Hayes: ETH Will Be Main Winner of AI Economy Next Decade Hayes says ETH will skyrocket sometime in the next few years as the AI revolution strengthens and DAOs begin to form. Arthur Hayes: ETH Will Be Main Winner of AI Economy Next Decade

[unable to retrieve full-text content]CoinspeakerCrypto.com Receives Green Light from Dutch Central Bank to Offer Crypto Services Crypto.com's entrance to the Dutch market comes a few weeks after Binance exited the country due to regulatory hurdles.   Crypto.com Receives Green Light from Dutch Central Bank to Offer Crypto Services

[PRESS RELEASE – Dubai, UAE, July 28th, 2023] Creeta has announced the creation of Dayroot, a hyper-realistic multiverse platform that extends the capabilities of the metaverse. It will enable players to enter a digital realm where anything is possible and where countless parallel universes exist. Dayroot is the first world to be created by Creta’s multiverse service. Creta breaks the barriers of existing metaverse content by offering a high-performance public blockchain and...

Are bitcoin and blockchain considered practical technologies, or are they more based in fantasy? Recently, a group of analysts sat around and discussed the matter to see whether blockchain and the crypto aboard it have legitimate futures in the United States and other developed countries. What Will Happen with Blockchain? Up until this point, there have been discussions about blockchain and how it could potentially serve purposes in other industries that have...

Artificial Intelligence (AI) could potentially organize itself using a Decentralised Autonomous Organisation (DAO) structure, according to BitMEX founder Arthur Hayes. Traditional companies cannot operate without certain state-sanctioned entities such as auditors, accountants, lawyers, and bankers that serve as the “cartel of trust.” But with AI slowly taking over, it’s hard to imagine how an economic organization under the technology will ensure compliance. Hayes’s latest...