Tag Archives: Cryptocurrency News

Garlinghouse expects the Judge to issue a summary ruling on the SEC vs Ripple case before the end of this year. The SEC vs Ripple Labs lawsuit is slated to be one of the largest legal fights for blockchain and cryptocurrency development in the United States for the next decades. Already, hundreds of projects on Ethereum using the ERC-20 standard, and other Layer One blockchains that undertook initial coin offerings (ICO) in the United States are eagerly waiting for the final ruling by...

The SEC served Coinbase with a Wells Notice in March to signal an upcoming enforcement action against the exchange.  The CEO of top American cryptocurrency exchange Coinbase Brian Armstrong has hinted that the exchange will not bow to pressure from the US Securities and Exchange Commission (SEC). Armstrong, who has been openly critical of SEC and its chair Gary Gensler, made more accusations on Monday. In a bare-it-all interview with CNBC on Monday, Armstrong suggested that Gensler leads...

Rep. Kim Nam-kuk of the Democratic Party of Korea has allegedly withdrawn a massive 800,000 WEMIX tokens in the period between late February to early March 2022, just before the introduction of the global standard-setter FATF’s travel rule on March 25, 2022. In the latest development, South Korean authorities have reported local authorities regarding a series of crypto transfers by opposition party lawmakers, sparking domestic outrage and a potential conflict of interest. As per the...

Three top European regulators will get together to discuss the implications of the Data Act and provide more clarity with the goal of not stifling DeFi innovation. As Europe embarks on its journey to bring clear crypto regulations in place, the blockchain industry is making a final push in preventing laws that would crush the smart contracts underpinning the decentralized finance (DeFi) protocols. The lawmakers are currently having negotiations over the Data Act, which will be concluded...

Leading Web3 project NFT Inspect recently undertook some shakeups amid activity geared toward increased adoption of decentralized technology. NFT Inspect has made key announcements regarding its ongoing project activity, including onboarding new team members and a strategic investment infusion. The one-stop-shop Web3 support app has been active lately alongside its Community Council members to enhance the blockchain and Web3 space. Besides growing its board with two new Community Council...

The announcement from Binance seems to have caused some excitement in the market as PEPE saw a surge of over 40%, while FLOKI increased by over 60%. Binance, the world’s largest cryptocurrency exchange, has confirmed the listing of Floki Inu (FLOKI) and PEPE in the Innovation Zone on its platform. According to the firm, a listing fee of 0 BNB applies to trade pairs featuring the duo of FLOKI and PEPE. As per a published statement, Binance also ascertained that by the latter part of today,...

The central bank of Zimbabwe introduced this gold-backed digital currency to combat the volatility of its national currency. In a notice on Thursday, May 4, the Reserve Bank of Zimbabwe (RBZ) invited financial institutions and individuals to subscribe to its upcoming gold-backed digital currency. As per the initial plans, the gold-backed digital tokens will be available to investors starting May 8. The central bank also plans to sell these tokens at a minimum price of $10 for individuals...

The Cardano community is expecting at least, three key releases from the platform this year. Cardano may have taken its quest for scalability to another level with its Hydra upgrade which has now gone live on mainnet. The update was shared by Input Output Hong Kong (IOHK), the start-up behind the Cardano protocol. According to IOHK’s Twitter announcement, the first Hydra head has opened on the mainnet. For clarity, the Hydra head is the first member of the Hydra family protocol. And...

The Stripe-hosted onramp was created with Web3 companies in mind. It is designed to cater to their varied use cases. Stripe, a financial infrastructure provider for businesses, has launched a fiat-to-crypto onramp to make it easier for Web3 companies to help their US-based clients to buy cryptocurrency. According to a Thursday release by the firm, it is also making the onramp to all Web3 users, including those on the waitlist. Businesses that provide crypto and blockchain-enabled products...

While enforcement actions have been a focus for the US SEC in the crypto industry lately, some crypto exchanges are now making efforts to expand into other territories. The United States Securities and Exchange Commission (SEC) has taken a step backward by withdrawing from its decision to classify digital assets. The regulator achieved this by removing the first official definition of “digital asset” from its most recent household hedge withdrawal regulations. Notably, the SEC first...