Bitcoin (BTC) has come under selling pressure in October 2023, trading at $27,445 with a market cap of $535 billion. Bloomberg Intelligence’s Mike McGlone suggests that Bitcoin could drop to $10,000 before the year ends due to negative liquidity and the potential long-lasting effects of rising global interest rates. Despite the bearish sentiment, significant Bitcoin […]
The US District Court for the Southern District of New York has denied the Securities and Exchange Commission’s (SEC) motion for an interlocutory appeal in its case against San Francisco-based blockchain tech company Ripple Labs. The judge noted that the issues at hand involve complex factual and economic analyses, and that the SEC did not […]
Ripple’s XRP token saw a 5% surge in value, reaching $0.53018, following the company’s significant victories during the reporting period. Ripple’s subsidiary, Ripple Markets APAC Pte Ltd, secured a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS) to provide digital payment token services in the country. Additionally, Judge Analisa Torres rejected […]
Binance, the crypto exchange giant, has teamed up with the Royal Thai Police and other international law enforcement agencies to take down a massive crypto scam that defrauded thousands of victims. The operation, codenamed “Trust No One”, resulted in the arrest of five key syndicate members and the seizure of $277 million worth of assets. […]
The United States District Court for the Southern District of New York is continuing with the sentencing of the key individuals behind the AirBit Club cryptocurrency Ponzi scheme. On October 3, Scott Hughes, Cecilia Millan and Karina Chairez were sentenced to 18 months, five years and one year and one day in prison respectively. All […]
The United Kingdom is set to launch its second crypto sandbox in the first quarter of 2024. The Financial Conduct Authority (FCA) Head of Capital Markets, Helen Boyd, revealed the news during her speech at the CCData’s Digital Asset Summit. The Digital Securities Sandbox, which will be under the purview of the HM Treasury, will […]
Vitalik Buterin, the co-founder of Ethereum, has outlined a roadmap for the future of the blockchain network. Despite the differing perspectives of the Ethereum community, Buterin has mapped out a path for the evolution of the platform. Buterin has proposed a series of upgrades to the Ethereum network, including the implementation of sharding, a scaling […]
The United States Securities and Exchange Commission (SEC) has been dealt another setback in its ongoing legal battle against Ripple Labs. District Court Judge Analisa Torres has dismissed the SEC’s interlocutory appeal motion. On October 3, Judge Torres based her decision on the regulator’s failure to convincingly demonstrate “controlling questions of law” and “substantial grounds […]
The SEC filed a motion to oppose Coinbase’s motion to dismiss the case on October 3. Coinbase’s chief legal officer, Paul Grewal, said that the agency has no grounds for their claims as crypto assets have not been legally deemed as securities by Congress. Coinbase filed a motion to dismiss the complaint on August 4, […]
Recently, four Friend.tech users have had a total of 109 Ether ETH, worth around $178,000, stolen from their accounts in under a week. The users have warned of possible SIM-swap attacks, where exploiters gain control of a user’s mobile number to intercept two-factor authentication codes and access accounts. One user, Froggie.eth, reported that their account […]
