News – Page 49

Will the Ripple (XRP) v. SEC Lawsuit go to the Supreme Court? Brad Garlinghouse Chips In

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 received an offer to settle the case out of court, but the offer was met “with prejudice”

Source: George Georgiev, 2023-11-10; https://cryptopotato.com/will-the-ripple-xrp-v-sec-lawsuit-go-to-the-supreme-court-brad-garlinghouse-chips-in/

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. The crypto asset climbed to $0.91 on October 24th, but is now trading at around $1.00 on October 25th, according to CoinMarketCap.

Source: Chayanika Deka, 2023-10-25; https://cryptopotato.com/mina-token-surges-120-in-a-day-heres-the-possible-reason/

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 the region’s financial intelligence authorities as among the most utilized by transnational organized crime groups today. Thanks to its low fees and.

Source: Written by Henry Pope, 2024-01-20; https://www.occrp.org/en/daily//en/daily/18377-casinos-and-crypto-major-drivers-of-money-laundering-in-east-and-southeast-asia

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 Clearing Corporation suddenly showed the listing of a spot Bitcoin ETF under the ticker iBTC. The market obviously took that as a sure sign that the chances of approval by the United States Securities and Exchange Commission are high.

Source: George Georgiev, 2023-10-28; https://cryptopotato.com/bitcoin-btc-price-soars-to-35k-as-spot-bitcoin-etf-approval-hype-builds-this-weeks-crypto-recap/

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 of the dollar in global finance. Despite the U.S. contributing 25% to global GDP, the greenback holds a dominant position, constituting nearly 60% of global foreign exchange reserves.

Source: Wayne Jones, 2024-01-22; https://cryptopotato.com/morgan-stanley-warns-paradigm-shift-in-crypto-could-impact-us-dollar-leadership/

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) – a Washington-based arbitration institution that is part of the World Bank. The crypto lender stated that Bulgaria’s investigation into the company, which it termed a “politically motivated attack,” caused reputational damage for the firm.

Source: Anthonia Isichei, 2024-01-25; https://cryptopotato.com/nexo-slams-3-billion-lawsuit-against-bulgaria-citing-reputational-and-financial-damages/

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, accusing him of gathering ‘state secrets’ on behalf of the United States while reporting from the Russian city of Yekaterinburg.

Source: Written by Zdravko Ljubas, 2023-11-29; https://www.occrp.org/en/daily//en/daily/18257-russia-prolongs-evan-gershkovich-s-detention

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 of millions to billions of yen per project. This financial injection carries immense significance in a nation where venture capital funds of this magnitude are relatively scarce.

Source: Wayne Jones, 2023-11-10; https://cryptopotato.com/sbi-holdings-to-launch-663m-fund-to-propel-web3-and-fintech-startups/

US Court Revives Mexico’s Lawsuit Against Gun Producers

A Boston appeals court revived Mexico’s US$10 billion lawsuit against the U.S. arms industry on Monday. The case will now go back to the lower court where Mexico will try to prove the negligence of the companies and seek reparations for the damages. In 2021, Mexico sued several U.s. companies, including Smith & Wesson, Glock, Beretta, Barrett, Sturm and Ruger, claiming that they knew their weapons were being smuggled acro. “The trafficking of firearms and the violence committed with them have a serious impact on the lives of our people and the development of our country,” the government statement said.

Source: Written by Lieth Carrillo, 2024-01-25; https://www.occrp.org/en/daily//en/daily/18399-us-court-revives-mexico-s-lawsuit-against-gun-producers

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. The broader goal is a future where multiple blockchains coexist seamlessly, ultimately driving widespread adoption.

Source: Chayanika Deka, 2023-10-28; https://cryptopotato.com/atato-forms-strategic-integration-with-cronos-chain-and-xrp-ledger-for-digital-asset-custody/

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