Ripple’s CEO and co-founder Brad Garlinghouse is fearless against the SEC, as he and his legal team are ready to take the case to the Supreme Court. “I think that definitely could happen. I mean, certainly. And we’ve said this publicly —we are in it till the end,” he said. He revealed that the company …
Category: News
Jan 30 2024
MINA Token Surges 120% in a Day, Here’s The Possible Reason
Mina Protocol’s native token – MINA – is leading the altcoin rally amid a new-found resurgence that propelled a surge of nearly 120% over the past day. The latest price action pushed MINA to levels last seen in March this year, but the token has lost some steam and currently sits below its local peak. …
Jan 30 2024
Casinos and Crypto Major Drivers of Money Laundering in East and Southeast Asia
The report highlights a growing nexus of online unregulated casinos and cryptocurrencies in the region. Together, these tools have allowed criminals to transfer their ill-gotten gains around the world faster than authorities can track or freeze them. For instance, the cryptocurrency Tether Stable Coin (USDT), which is backed by the U.S. dollar, was named by …
Jan 27 2024
Bitcoin (BTC) Price Soars to $35K as Spot Bitcoin ETF Approval Hype Builds: This Week’s Crypto Recap
The Bitcoin industry added another $140 billion to its capitalization throughout the last seven days on the back of considerable gains across the board. Bitcoin’s price is up a whopping 14.3% in the past week, currently trading at around $34,000 at the time of this writing. On Tuesday, the website of the Depository Trust and …
Jan 26 2024
Morgan Stanley Warns ‘Paradigm Shift’ in Crypto Could Impact US Dollar Leadership
Morgan Stanley’s Head of Digital Assets, Andrew Peel, has cautioned about a potential “paradigm shift” in the perception and use of digital assets. Peel that the rising interest surrounding assets such as Bitcoin, the surge in stablecoin volumes, and the emergence of Central Bank Digital Currencies (CBDCs) pose a significant challenge to the traditional role …
Jan 26 2024
Nexo Slams $3 Billion Lawsuit Against Bulgaria, Citing Reputational and Financial Damages
Cryptocurrency lending platform Nexo is seeking damages worth $3 billion from the Bulgarian government. According to Nexo, the investigations allegedly cost the company a major soccer sponsorship deal and a stock market listing in the United States. Nexo and its subsidiaries filed an arbitration claim with the International Center for Settlement of Investment Disputes (ICSID) …
Jan 26 2024
Russia Prolongs Evan Gershkovich’s Detention
Evan Gershkovich, 31, worked for various media outlets before relocating to Russia in 2017 to serve as a Russia-accredited journalist. Over the past year, he has been a correspondent for The Wall Street Journal, covering topics such as mobilization, sanctions and their impact on the economy and people. He was arrested on March 29, 2023, …
Jan 26 2024
SBI Holdings to Launch $663M Fund to Propel Web3 and Fintech Startups
SBI Holdings, a prominent Japanese financial company, is preparing to launch a $663 million fund supporting Web3, AI, and other fintech startups. The fund is slated to invest in 150-200 companies and is anticipated to begin operations by the current year’s end. The SBI Holdings investment scale is expected to be , ranging from hundreds …
Jan 25 2024
Atato Forms Strategic Integration with Cronos Chain and XRP Ledger for Digital Asset Custody
Digital asset custodian Atato announced a strategic integration with Cronos Chain and the XRP Ledger. The main objective of the partnership is to make a substantial influence through its innovative Bring-Your-Own-Chain (BYOC) feature. The integration is expected to boost both the DeFi and GameFi sectors while simultaneously strengthening the XRPL’s role in the blockchain ecosystem. …