Stablecoin issuer Tether has announced plans to release real-time reserves reports by next year, according to its incoming CEO Paolo Ardoino. Tether, which already provides daily reserves reports on its website, currently holds $84.15 billion in USDT, making it the largest stablecoin on the market. Ardoino also outlined his goals for Tether in the coming […]
Sam Bankman-Fried’s trial is nearing its conclusion, with the prosecution set to wrap up their case on October 26th after presenting nearly 20 testimonies. The prosecution has called upon a diverse range of witnesses, including former FTX employees, customers, investors, government officials, and law enforcement agents. The central argument of the case is that Bankman-Fried […]
VeChain, a leading blockchain platform, has established significant partnerships with renowned companies to revolutionize its blockchain solutions and drive widespread adoption. These collaborations are reshaping various industries, with a particular focus on logistics and supply chain management. Notably, VeChain has joined forces with Kuehne & Nagel, a prominent player in the logistics sector, to leverage […]
Ripple and its cryptocurrency XRP have achieved another legal victory in their ongoing battle against the US Securities and Exchange Commission (SEC). The SEC has dropped its charges against Ripple’s CEO, Brad Garlinghouse, and Executive Chairman, Chris Larsen. The SEC had accused them of facilitating Ripple in violating federal securities laws through XRP transactions. However, […]
Ripple, a leading blockchain-based payment and liquidity hub provider, is expanding its global presence in response to the growing demand for its services and the development of central bank digital currencies (CBDCs). The company is currently in discussions with more than a dozen governments worldwide to facilitate the issuance of CBDCs using Ripple’s blockchain technology. […]
America’s largest bank, JPMorgan Chase, is facing a lawsuit from a mother and son, Rui Wang and Hengchen Qu, who claim that the bank terminated their accounts and failed to return over $1 million to them. The lawsuit alleges unjust enrichment and breach of contract related to certificates of deposit (CDs) that the plaintiffs purchased […]
The U.S. Securities and Exchange Commission (SEC) has dropped its aiding and abetting charges against Ripple’s top executives, CEO Brad Garlinghouse and co-founder Chris Larsen. The charges were related to the SEC’s lawsuit from 2020, which alleged that Ripple issued XRP as an unregistered security. However, the courts recently ruled that the firm’s sales of […]
LBRY Inc., a cryptocurrency platform, has announced its closure following a legal battle with the Securities and Exchange Commission (SEC). The SEC charged LBRY with conducting an unregistered securities offering by selling its native LBC tokens. This case has raised concerns about unequal access to justice and regulatory overreach in the crypto industry, particularly for […]
Coinbase, a leading cryptocurrency exchange, has chosen Ireland as its hub for the European Union’s Markets in Crypto-Assets (MiCA) regulation. This decision will allow Coinbase to utilize its existing infrastructure and drive growth across all 27 member countries of the EU. By establishing a presence in Ireland, Coinbase aims to take advantage of the country’s […]
The blockchain company LBRY Inc. has announced its decision to shut down due to mounting debts and conflicts with the Securities and Exchange Commission (SEC). This news has had a significant impact on the cryptocurrency industry, as LBRY has been a leading player in the sector. However, LBRY’s open-source blockchain platform, Odysee, will continue to […]
