The Second Circuit Court of Appeals declined to revisit its ruling in the SEC versus Govil case, dealing another blow to the U.S. Securities and Exchange Commission in their ongoing legal battles within the cryptocurrency sector, specifically for Ripple. Stuart Alderoty, Ripple‘s top legal executive, points out the string of losses the SEC has experienced … Read more
In an significant development in the realm of financial regulation law, Ripple‘s Chief Legal Officer (CLO), Stuart Alderoty, has shared news of a pivotal court ruling by the Second Circuit Court of Appeals regarding the SEC and Govil case. This decision centers around the authority of the SEC to demand disgorgement, a key enforcement mechanism, … Read more
The Ethereum network is scheduled to release an major update towards the close of 2024 or the beginning of 2025. This update is anticipated to revolutionize the way we interact with Ethereum wallets and significantly enhance user experience. As per blockchain developers Tim Beiko and DeFiLIama, the foundation of this upgrade lies in the accepted … Read more
A study conducted by Christine Kim at Galaxy Digital found that there are common misunderstandings among Ethereum users about the economic security of the Ethereum blockchain. In a survey, participants were asked to estimate the amount of ETH needed to secure the network. The results showed that many underestimated the potential risks of an attack. … Read more
The Solana (SOL) blockchain may be overcoming its major congestion issue, as Anza, a validator client for Solana, has recently rolled out a significant update on the testnet. According to the Solana client validator, this solution was introduced in version 1.18.11 and they encouraged developers within the ecosystem to upgrade and begin testing the fixes. … Read more
A prominent player in the worldwide cryptocurrency community is set to advance and nurture a platform for impartial and unbiased content dissemination, copyright safeguarding, and integration of blockchain technology in media industries. SHIB, Content Distribution and Security Association inked long-term partnership Shib, a network of digital assets and services based on Ethereum blockchain and linked … Read more
Surprisingly, approximately half a billion XRP tokens became accessible from unidentified trust wallets today, as indicated by Whale Alert’s data. The irregular occurrence, deviating from the routine monthly unlocking of Ripple accounts, has sparked intriguing discussions among the community about potential implications. In two parts, the release of XRP took place: First, 200 million XRP … Read more
Recently on the X social media platform, where it was formerly known as Twitter, cryptocurrency skeptic Peter Schiff voiced his criticism against Bitcoin yet again. He argued that Bitcoin possesses fewer practical uses compared to a simple pet rock. In 2022, he mentioned that these objects could serve various functions. You could use one as … Read more
In an unexpected turn of events, Craig Wright, the contentious individual who asserts himself as the hidden mastermind behind Bitcoin‘s creation, has abandoned his five-year-old court battle against Hodlonaut, a well-known Bitcoin advocate. This long-running argument reaches its climax, bringing about a major triumph for Hodlonaut while adding more uncertainty to Wright’s claims about being … Read more
Major US financial institutions and banks, as reported in recent SEC filings under Form 13F, have begun buying Bitcoin ETFs. This development highlights increasing institutional investment in Bitcoin, potentially leading to broader acceptance and higher valuations for the cryptocurrency. Julian Fahrer, the CEO of Bitcoin-focused app Apollo Sats, drew attention to this development on social … Read more