Mizuho lowered its quarterly revenue estimate for Coinbase Global Inc on Wednesday, causing its shares to drop 1.0%. Dan Dolev, a Mizuho analyst, now expects the crypto exchange to report revenue about 7.0% below his previous forecast for the third quarter. He believes that dwindling volumes combined with an expected drought in retail trading will […]
Ripple has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, allowing the fintech firm to provide digital payment token services in the region. This comes after Coinbase secured a similar license in Singapore, highlighting the city state’s interest in becoming a major crypto hub in Asia. Ripple CEO Brad Garlinghouse […]
Sam Bankman-Fried, former CEO of FTX, is currently facing criminal trial. On October 4th, jury selection was completed with 12 jurors and 6 alternates. The jury selection process was rigorous and the potential jurors had diverse backgrounds. If found guilty, Bankman-Fried could face a sentence of more than 100 years in prison. The defense team […]
Sam Bankman-Fried, the founder of FTX, was arrested in the Bahamas in December 2022 and extradited to the United States to face fraud and conspiracy charges. His trial has now started in the Southern district of New York.Sam was born to Stanford law professors who championed utilitarianism and embraced the principles of effective altruism. He […]
The XRP price has seen a surge in the past 24 hours, with a 4.61% increase in value. This is due to a combination of the overall market strength and positive news surrounding the Ripple ecosystem. Ripple recently scored a win in court, as the SEC’s interlocutory appeal motion was dismissed by federal Judge Analisa […]
Litecoin (LTC) is enjoying a wave of bullish sentiment as the crypto community embraces Uptober. At the start of the month, the digital asset surged to reach $70, the first time since mid-August. This performance has mirrored that of Bitcoin (BTC), which initially surged to climb above $28,000. At the time of press, LTC is […]
Ripple, a prominent name in the crypto sector, has recently achieved another success in its ongoing legal battle against the U.S. Securities and Exchange Commission (SEC). Judge Analisa Torres denied the SEC’s motion for certification of interlocutory appeal and dismissed their request for a stay. This means that the lawsuit will proceed without any further […]
Google is reportedly considering investing up to $2 billion in artificial intelligence firm Anthropic, which could potentially increase its valuation to between $20 billion and $30 billion. FTX and Alameda Research invested a combined $500 million in Anthropic before FTX declared bankruptcy last year. If Anthropic’s valuation increases, FTX’s stake in the company could surge […]
Ripple, a global payments provider, has been granted a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows Ripple to provide regulated digital payment token services in Singapore, and to continue driving the adoption of its crypto-enabled payments solutions in the Asia Pacific region.The license approval comes after MAS […]
Ripple, a company that seeks to enable global financial institutions to “move, manage and tokenize value”, has recently won a partial victory against the U.S. Securities and Exchange Commission (SEC). The legal case had been a source of uncertainty for the company, but a federal judge has already ruled against the SEC’s plan to appeal […]
