Yassin Mobarak, founder of the private equity firm Dizer Capital, believes that the United States Securities and Exchange Commission (SEC) could withdraw all accusations against Ripple and its CEO Brad Garlinghouse. Mobarak claims that the SEC is using litigation to maintain uncertainty in the crypto sector and that a trial could expose their corruption. The […]
Yedidia was called to testify about a bug in FTX’s accounting software that caused it to overstate the amount of money Alameda Research owed exchange customers by $8 billion. This was a big problem, as customers had wired their money to the trading firm and then got credited in their FTX account. The arrangement was […]
XRP is now the only altcoin in the US with clear regulatory definitions, after the motion for interlocutory appeal from the SEC was denied in the ongoing legal battle with Ripple. Judge Analisa Torres denied the SEC’s motion for certification of interlocutory appeal, and the SEC’s request for a stay was also denied as moot. […]
Steven Schoenfield, former managing director at BlackRock, believes that the U.S. Securities and Exchange Commission (SEC) may approve a Bitcoin spot (ETF) within the next “three to six months.” BlackRock, which manages a colossal $9.42 trillion in assets, has a track record of a 575-1 success rate when it comes to obtaining ETF approvals from […]
El Salvador has taken a pioneering step in the crypto landscape by launching its first Bitcoin mining pool, Lava Pool. Backed by 241 MW of renewable energy, the pool is set to decentralize mining operations and make affordable electricity accessible to its inhabitants. The initiative is driven by the nation’s utilization of renewable energy and […]
The bond market has been in a sell-off as traders await the upcoming US non-farm payrolls (NFP) data. The 30-year treasury yield has jumped to 4.90% and the 10-year to 4.80%, leading to a retreat in American equities. Cryptocurrencies have held up well during this time, with the total market cap of all coins remaining […]
The Canadian Securities Administrators (CSA) has provided guidance to exchanges and cryptocurrency issuers on its interim approach to value-referenced crypto assets, with a particular focus on stablecoins. The CSA published a clarification saying it may allow trading of certain cryptocurrencies that reference the value of a single fiat currency, subject to terms and conditions. In […]
Elon Musk has called for a “comprehensive overhaul” of the United States Securities and Exchange Commission (SEC) after the regulator sued him for failing to testify in its probe relating to his $44 billion Twitter purchase last October. Musk suggested that the SEC and the U.S. Department of Justice should be the ones probed instead. […]
Ledger, a hardware wallet manufacturer, announced in a blog post on October 5 that it will lay off 12% of its staff due to macroeconomic headwinds. CEO Pascal Gauthier said that the company had prepared for the bear market in early 2022 and had raised significant capital in the first two quarters of 2023. Gauthier […]
A hacker has managed to steal 234 Ether (ETH) worth approximately $385,000 in less than 24 hours by manipulating the SIM cards of four Friend.Tech users. The victims reported that the scammer was able to switch their SIM cards to an iPhone SE at the Apple store. Manifold Trading has warned that up to $20 […]
