The recent conclusion to the settlements phase of Ripple’s trial ended with a much smaller fine than anticipated by the SEC. U.S. District Court Judge Analisa Torres decided on a sum just a little over $125 million, compared to the $2 billion fine initially sought by the regulatory agency. This decision led to an immediate
Crypto
Recently, Ripple was fined $125 million by the US Securities and Exchange Commission (SEC) for violating securities laws. This amount is significantly lower than the $2 billion initially demanded by the regulator, leading many to view it as a victory for Ripple. The fine comes as a relief to the company and has sparked a
The Commodity Futures Trading Commission (CFTC) has recently announced that it has awarded over $1 million to a crypto whistleblower. This whistleblower’s information led to an enforcement action regarding improper trading in digital asset markets. The CFTC’s Director of Enforcement, Ian McGinley, emphasized the importance of identifying unlawful conduct in the digital asset marketplace, particularly
Tether, the issuer of the USDT stablecoin, has announced its intention to double its current workforce within the next year. This move is aimed at strengthening various areas within the company, particularly compliance. By mid-2025, Tether plans to have around 200 employees, according to Chief Executive Officer Paolo Ardoino. This expansion includes a focus on
Shibarium, the layer-2 scaling solution for Shiba Inu, has announced a hard fork launch scheduled for August 9. This upgrade includes the introduction of a burn mechanism to enhance the ecosystem and make significant progress in transaction speed, scalability, and cost reduction. The latest upgrade to Shibarium includes the implementation of the Bor version, a
Grayscale Research recently shared an optimistic perspective on the future of Bitcoin, suggesting that the cryptocurrency might reach its all-time high again later this year. This positive outlook is contingent upon the U.S. economy avoiding a recession. The firm expressed confidence in the U.S. economy’s ability to achieve a “soft landing,” which could have a
Bitcoin’s price has been on a rollercoaster ride lately, experiencing a market-wide crash that saw its value plummet from over $66,000 to a low of $49,500 in just a few days. However, the digital asset quickly bounced back, regaining momentum and surpassing $60,000 once again. While Bitcoin led the recovery, Ethereum emerged as a standout
Metaplanet, a Japanese investment firm, recently decided to take on a $6.8 million loan from one of its shareholders, MMXX Ventures, in order to increase its Bitcoin holdings. This move is part of a larger strategy to invest in Bitcoin, with $58 million already earmarked for such investments. The decision to take on this loan
In recent news, the emergence of advocacy groups such as “Crypto for Harris” has taken the political landscape by storm. These groups are aiming to influence the upcoming presidential election by promoting cryptocurrencies and blockchain technology through fundraising initiatives and virtual town hall meetings. Notable figures such as Mark Cuban and Anthony Scaramucci have thrown
Brazil’s Securities and Exchange Commission (CVM) has recently made headlines by approving the country’s first Solana-based exchange-traded fund (ETF). This approval, which was granted on August 7, marks a significant milestone for Brazil and positions the country ahead of others in the global market. The ETF, created by QR Asset and managed by Vortx, is
