The U.S. Securities and Exchange Commission (SEC) has been denied its motion to appeal a ruling that retail sales of XRP tokens do not constitute a security offering. District Court Judge Analisa Torres rejected the motion, citing that the SEC failed to establish the necessary conditions. The trial on the case will commence on April […]
Sam Bankman-Fried, the former CEO of crypto exchange FTX, is currently on trial for alleged fraud. On the third day of the trial, Adam Yedidia, Bankman-Fried’s former roommate at MIT and FTX developer, testified about the $8-billion deficit the exchange reported prior to its bankruptcy. Yedidia informed Bankman-Fried about a bug in FTX’s code which […]
Amid the ongoing trial of FTX co-founder and former CEO Sam Bankman-Fried, a report has surfaced alleging that some of the company’s US-based employees found a hidden backdoor allegedly used by Alameda Research to siphon billions worth of customer funds from FTX, six months before the crypto exchange’s fall.The employees reported the issue to the […]
Crypto companies in the Netherlands, including Bitvavo and Coinmerce, have won a legal battle against the Dutch central bank (DNB) over a $2.3 million fee imposed for anti-money laundering registration. The Rotterdam court ruled that the DNB had overstepped its legal authority in assessing the registration requests. The court also highlighted that it is not […]
The Hong Kong Securities and Futures Commission (SFC) has teamed up with the Hong Kong Police Force to form a working group to investigate and monitor crypto exchange-related crimes. This comes after the Dubai-based JPEX exchange, a major player in the Hong Kong crypto industry, was involved in a scandal. The SFC revealed this in […]
Ethereum’s network fees have dropped to some of their lowest levels in recent months, with an average of $1.13 recorded this week. According to crypto analytics firm Santiment, this could be a sign that ETH is preparing for a price rebound.The last time Ethereum gas fees went below $1.15, ETH experienced a price bottom, which […]
Kraken, a United States-based cryptocurrency exchange, has announced a pending deal to acquire Coin Meester B.V. (BCM), a Netherlands-based cryptocurrency exchange. The financial details of the deal have not been disclosed, but the acquisition is likely due to the European Union’s (EU) establishment of its Markets in Crypto-Assets (MiCA) regulatory framework. Kraken plans to expand […]
Wirex, a crypto payment service provider, has launched W-Pay, a zero-knowledge proofs-based non-custodial crypto debit card service. W-Pay is built on Polygon’s Chain Development Kit (CDK) and promises increased scalability and security. The zero-knowledge protocol allows one party to prove something is true without disclosing any information other than the fact that the claim is […]
The trial against Sam Bankman-Fried, the CEO of the FTX crypto exchange, is underway in Manhattan’s federal courthouse. Marc-Antoine Julliard, a London-based commodities trader, testified that he was lured in by FTX’s confident marketing, which he believed painted the picture of a trustworthy platform. However, he was unaware that his funds might be borrowed. Assistant […]
XRP has become the top trending cryptocurrency following Ripple’s court victory against the SEC, with its price peaking at $0.55. Lesser-known cryptocurrencies Raydium (RAY) and Verosity (VRA) take the second and third spots, with significant price increases. Avalanche (AVAX) and Rollbit Coin (RLB) round up the top 5 trending digital assets. Some crypto analysts have […]
