One of the longest running legal cases impacting crypto’s regulatory future is potentially nearing resolution. The case, between cryptocurrency company Ripple Labs and the U.S. Securities and Exchange Commission (SEC), centers around whether Ripple’s XRP token is a security and has gone through several iterations since its 2020 start. On Wednesday (Aug. 7), the scales of justice fell
A cryptocurrency called Restore the Republic (RTR) has witnessed a dramatic rise-and-fall, despite trading for less than a day, due to confusion over its origin. When the token emerged on the Solana blockchain Thursday, it was quickly associated with former president Donald Trump’s son Eric Trump, who had posted on X earlier in the week:
Cutting-edge financial technology is fast becoming the handmaiden of organised crime, helping some of the world’s most dangerous crooks to move and hide ill-gotten gains. This situation will only get worse, unless governments and the technology industry can find common ground. Money-laundering has a history almost as long as crime itself. But it became much
Just recently Donald Trump Jr had shared a tweet where he spoke about shaking up the crypto world with emphasis on Defi, he is soon back with a comment on memecoins. When questioned about the RTR (Restore the Republic) memecoin, he said that his project is a “larger type of platform” compared to meme tokens,
Robinhood Markets reportedly submitted a response to a Securities and Exchange Commission (SEC) Wells Notice that it received in May, which warned the company of impending enforcement action related to its cryptocurrency business. Vlad Tenev, CEO of Robinhood, told Bloomberg Television about this move in a Thursday (Aug. 8) interview, while adding that he had
On Wednesday, Judge Analisa Torres brought the first chapter of a major Securities and Exchange Commission crypto case to a close, imposing a $125 million penalty on the digital assets firm Ripple and forbidding the company from violating securities law in the future. The penalty fell fall short of the $2 billion the SEC had
As global uncertainties continue to impact financial markets, Saketh, a seasoned crypto trader, at ETMarkets live stream, offers insights into navigating the current volatility in the cryptocurrency sector. Recent market behavior has shown that cryptocurrencies often move in tandem with broader market trends. This raises questions about their stability amidst the ongoing economic turbulence. Trading
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above $57,000 mark for the first time this week on Thursday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor gains and losses across the board as
Blockchain solutions provider Ripple Labs was ordered by a federal judge to pay a civil penalty of $125 million in a case brought by the Securities and Exchange Commission (SEC) and centered on the company’s sale of its XRP token to institutional investors. The SEC had sought a total of $2 billion in civil penalties,
Kamala Harris’ pick for running mate, Tim Walz, has a blank slate on crypto, leaving the industry scratching its head on where he may land on the issue. By contrast, two of her newly-appointed key advisers are no strangers to the industry: one took crypto exchange Binance to court, while the other has worked for