In the first quarter of 2024, the XRP Ledger recorded 251.39 million on-chain transactions(XRPL), an increase of 108% compared to the previous quarter. According to a report published on May 17, a total of 251.39 million transactions took place on…
Investment Firms Face Uncertainty as SEC Reviews Ether ETFs
Investment companies eagerly awaiting the Securities and Exchange Commission’s (SEC) decision on launching exchange-traded funds (ETFs) based on the Ether cryptocurrency are facing mounting uncertainty. Despite the growing demand for these products, the SEC’s silence has left industry insiders bracing…
Mark Cuban Believes Cryptocurrency Will Influence 2024 Election and Criticizes SEC Regulations
In a recent social media post, billionaire entrepreneur Mark Cuban shared his perspective on the role of cryptocurrency in the upcoming 2024 election. Cuban’s comments were directed at Donald Trump, the former Republican presidential candidate, who has been actively engaging…
Kraken Challenges SEC in Legal Dispute Over Cryptocurrency Regulations
The ongoing legal battle between Kraken, a prominent cryptocurrency exchange, and the US Securities and Exchange Commission (SEC) has intensified with a recent filing by Kraken. In their reply to the SEC’s letter, Kraken challenges the agency’s case, claiming that…
Robinhood Posts $157 Million Profit Amid Crypto Surge and SEC Scrutiny
Robinhood Markets Inc., a prominent financial services company, has recently reported its second consecutive quarterly profit, benefiting from higher interest rates and the surging popularity of cryptocurrency trading. This article explores the factors contributing to Robinhood’s financial success while highlighting…
SEC Targets Ripple Stablecoin as Unregistered Crypto Asset in Ongoing Legal Battle
The U.S. Securities and Exchange Commission (SEC) has recently set its sights on Ripple’s highly anticipated stablecoin. In a recent filing, the SEC characterized the stablecoin as an “unregistered crypto asset.” Ripple, known for its innovative approach to bridging traditional…
SEC Issues Warning to Robinhood Over Crypto Business Amid Regulatory Crackdown
The US Securities and Exchange Commission (SEC) has issued a warning to Robinhood Markets Inc., a renowned stock trading platform, regarding its crypto business. This development signifies the SEC’s unwavering commitment to its ongoing crackdown on digital assets. In response,…
Terraform Labs Deems SEC’s $5.3 Billion Fraud Penalty Proposal Unwarranted
Terraform Labs Pte, along with its co-founder Do Kwon, has recently faced significant legal challenges after being found liable for fraud by a New York jury. The U.S. Securities and Exchange Commission (SEC) accused Terraform and Kwon, the creator of…
Terraform Labs Seeks Penalty Reduction in SEC Fraud Case After $5.3 Billion Fine Proposal
Lawyers representing Terraform Labs and its co-founder, Do Kwon, have requested a reduced penalty following their clients’ recent conviction for fraud. They argue that a fine closer to $1 million is more appropriate than the $5.3 billion proposed by the…
SEC and Gensler Viewed Ethererum as Unregistered Security for Over 12 Months
In recent developments surrounding the ongoing lawsuit between Consensys and the United States Securities and Exchange Commission (SEC), new information has come to light regarding the SEC’s stance on Ether. The lawsuit has shed light on the regulatory body’s belief…