Kevin O’Leary, the millionaire investor and “Shark Tank” television personality, was reportedly paid $15.7 million for promoting the now-defunct cryptocurrency exchange FTX. O’Leary allegedly received the payment in exchange for “twenty service hours, 20 social media posts, one virtual lunch, and five autographs”. The exact timeline and details of the agreement remain undisclosed, but it […]
Ripple has been granted a full license by the Monetary Authority of Singapore (MAS) to operate as a major payments institution in the country. This license allows Ripple to provide digital payment token services, joining a list of 14 others given the same license by MAS. Ripple has had its Asia Pacific headquarters in Singapore […]
The United States Securities and Exchange Commission (SEC) has asked a federal judge to deny Coinbase’s motion to dismiss a lawsuit by the regulator. The SEC believes that some of the cryptocurrencies listed on Coinbase’s platform are investment contracts under the Howey Test and should be subject to SEC registration. The SEC argued that Coinbase […]
US District Judge Analisa Torres has denied the Securities and Exchange Commission’s (SEC) request to appeal part of her recent decision in its lawsuit against Ripple Labs over its sales of the digital token XRP. In July, Judge Torres found that some of Ripple’s institutional sales of XRP were unregistered securities offerings in violation of […]
Bitcoin has been relatively steady in September, posting one of its strongest performances since 2012 and 2016. Trading at around the $27,300 zone on October 3, Bitcoin is up roughly 10% from September lows, and traders are confident that the next leg of higher highs has just begun. Despite attractive interest rates in the United […]
Ripple, the blockchain payment company, has won another legal battle against the Securities and Exchange Commission (SEC). Judge Analisa Torres has rejected the SEC’s motion to appeal the Ripple ruling, which was a partial victory for Ripple on July 13. The court ruled that the SEC failed to provide sufficient evidence to demonstrate that the […]
The SEC and Ripple Labs are gearing up for a courtroom showdown in April 2024, after Judge Analisa Torres denied the SEC’s request for an interlocutory appeal on October 3. The verdict of the trial could have a major impact on the crypto landscape. Ripple’s native cryptocurrency XRP spiked 5% following the ruling. In July, […]
Six new Ether futures ETFs from fund managers ProShares, VanEck, and Bitwise made their debut on Monday, providing investors with new ways to gain exposure to the second-largest crypto by market capitalization. However, the launch failed to generate much trading activity, with a combined $1.9 million in volume on the first day of trading. The […]
The supply of Bitcoin (BTC) on cryptocurrency exchanges has dropped to a 5-year low of around 2.29 million BTC, according to blockchain data platform Glassnode. This decrease in supply on exchanges has been observed by the behavior analytics platform Santiment, which estimates that the percentage of BTC supply on exchanges has decreased from 5.99% to […]
Binance, a crypto exchange, has played a key role in helping Thai authorities dismantle a massive crypto scam that drained over $277 million from victims across Thailand. Working with the Cyber Crime Investigation Bureau (CCIB) of the Royal Thai Police and the US Department of Homeland Security, Binance provided crucial intelligence that led to the […]
