The founder and three U.S. promoters of Trade Coin Club were charged by the Securities and Exchange Commission with operating a Ponzi scheme that raised 82,000 bitcoins, worth $295 million in 2018, from investors throughout the world. Charges against four…
XRP Tanks After Ripple’s Newest Attack On the SEC Case
According to a tweet from Ripple general counsel Stuart Alderoty on October 20, the U.S. SEC has sent documents related to former director William Hinman to Ripple (XRP). The crypto business resisted the SEC’s move for summary judgment as well.…
Coinbase Backs Grayscale In Its Legal Battle With the SEC.
The largest Bitcoin fund, Grayscale, is fighting the Securities and Exchange Commission in court with the backing of Coinbase, the largest cryptocurrency exchange in the United States (SEC). Grayscale Protests Barring Of Its Bitcoin ETF Grayscale has made the decision…
Grayscale Crypto Giant Files Lawsuit against SEC
Major digital asset manager Grayscale has filed a lawsuit against the Securities and Exchange Commission (SEC) for its rejection to allow the conversion of its $12 Billion Grayscale Bitcoin Trust (GBTC) to spot Bitcoin ETF (Exchange Traded Fund). GBTC has…
75,000 Plus XRP Holders Join Attorney Deaton’s Class Action Lawsuit Against the SEC.
More XRP owners are now complaining to the SEC that its litigation caused them to suffer significant losses. In a class action lawsuit brought against the Securities and Exchange Commission, John Deaton is defending more and more Ripple (XRP) holders.…
XRP Community Backs Ripple With Petition that Might Force White House Response
As Ripple officials prepare to battle the SEC in court, XRP enthusiasts are galvanizing themselves around a petition that seeks to deem XRP a currency (virtual currency). The XRP enthusiasts have made enough noise to potentially get the White House…
Scaramucci’s Skybridge Capital has invested $182 Million in Bitcoin
Anthony Scaramucci’s firm Skybridge Capital has reportedly $182 million in Bitcoin according to an investor brochure it shared with publications. The $9.3 billion asset manager is set to launch the Skybridge Bitcoin Fund LP in January according to SEC documents…
Ripple Claims that Charges Against it are a ploy to Target the Entire Crypto Industry
Ripple have finally ended their silence following a series of delistings by major crypto exchanges such as Coinbase after charges were leveled against the company by the SEC. With XRP’s value in free fall, Ripple Labs have released a statement…
The SEC is Now After Ripple Labs and Two of its Main Executives
SEC Charge Ripple and Two of its Executives with conducting an unregistered $1.3 billion dollars securities offering The Securities and Exchange Commission has announced today that it has filed a suit against Ripple Labs Inc. and two of its executives,…
United States Intelligence is concerned about China’s CBDC
The United States is growing increasingly wary of China’s upcoming digital currency. On November 25, the Washington examiner brought to the fore a letter sent by National Intelligence Director John Ratcliffe to the Securities and Exchange Commission. In the letter,…