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 […]
XRP, the cryptocurrency of Ripple, has seen a 3.7% increase in its price in the past 24 hours, outperforming most other cryptocurrencies which were trading in the red. This surge in XRP price was driven by the dismissal of the United States Securities and Exchange Commission’s (SEC) appeal in the lawsuit against Ripple.The lawsuit has […]
The Asia Pacific region is emerging as a crypto powerhouse, with Hong Kong recently opening its doors to crypto trading and Vietnam and India being crowned the top crypto adopters in 2022. For companies eager to enter these booming markets, bulletproof KYC processes and localized onboarding experiences are essential. Checkin.com stands out in this endeavour, […]
Ripple scored another win in its legal battle against the U.S. Securities and Exchange Commission (SEC) in July when a judge dismissed the SEC’s appeal. The SEC had argued that there were substantial grounds for differences of opinion on the matter, but the judge ruled that the agency had failed to meet its burden of […]
The ongoing legal battle between the United States Securities and Exchange Commission (SEC) and Ripple Labs has taken a new turn with District Judge Analisa Torres denying the SEC’s motion to appeal its previous loss against Ripple Labs. The SEC had failed to demonstrate controlling questions of law or substantial grounds for differences of opinion.Ripple […]
The Financial Conduct Authority (FCA) of the United Kingdom has recently introduced new regulations for crypto exchanges, with the primary focus being on marketing activities. These rules are aimed at protecting consumers from misleading promotions and ensuring financial stability. One of the key highlights is the ’24-hour cooling-off period’, which requires any new customer who […]
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 […]
