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[ad_1] XRP has become the unlikely white knight of crypto, thwarting its regulatory foes and dragging the market out of the doldrums. The price of XRP popped 78 percent after a U.S. judge ruled on July 13 that issuer Ripple Labs’ sales of the token on public exchanges didn’t violate securities law, and it’s still … Read more
[ad_1] Owing to a rise in financial scams linked to cryptocurrencies, several traditional banks in Australia have decided to pull back support for crypto exchanges. The National Australia Bank (NAB) has joined others in halting payments to crypto exchanges that have been frequently named in scam-related complaints. Earlier this month, Australia’s largest lender, the Commonwealth … Read more
[ad_1] A cryptocurrency developer’s landmark legal victory against the US Securities and Exchange Commission (SEC) will galvanize Coinbase and other companies to resist the agency’s attempt to assert its jurisdiction over the industry, experts said. Thursday’s ruling that Ripple Labs did not violate securities law by selling its XRP token on exchanges was the first … Read more
[ad_1] Bankrupt FTX is moving ahead with efforts to revive its flagship international cryptocurrency exchange, the Wall Street Journal reported on Wednesday citing CEO John Ray. The company “has begun the process of soliciting interested parties to the reboot of the FTX.com exchange,” Ray said, according to the Journal’s report. The failed crypto company has been holding talks … Read more
[ad_1] Binance, the largest cryptocurrency exchange, is under preliminary investigation by the Paris prosecutors office for both illegal canvassing of clients and aggravated money-laundering, French daily Le Monde reported on Friday. “In France, on-site visits by regulators and inspectors are part of regulatory obligations to which all financial institutions must adhere. We had an on-site … Read more
[ad_1] The US Securities and Exchange Commission on Tuesday sued Coinbase, accusing the largest US cryptocurrency platform of operating illegally because it failed to register as an exchange, in another blow to the crypto industry. The lawsuit is the SEC’s second in two days against a major crypto exchange, following its case against Binance, the … Read more
[ad_1] Indicted FTX founder Sam Bankman-Fried seems to be gearing up to blame the lawyers who helped him establish the crypto exchange. That’s the subtext of a motion filed on Tuesday by his lawyers at Cohen & Gresser, who are defending Bankman-Fried against federal charges of fraud, conspiracy and bribery. They’re asking for access to … Read more
[ad_1] Japan, which in recent months has emerged as a top global contender to become a Web3 hotspot, is attracting industry players to go the extra mile and set up operations in the Asian nation. One of world’s biggest crypto exchanges, Binance, is now inching closer to launching a new exchange tailored to the Japanese … Read more
[ad_1] Cryptocurrency exchange Binance resumed Bitcoin withdrawals on Monday after halting it for the second time in a day, citing large volumes. “Pending transactions are being processed by replacing them with higher transaction fees,” the company said in a tweet. “There is a large volume of withdrawal transactions from Binance still pending as our set … Read more
[ad_1] KuCoin has identified one of its users as a serial scammer, looting unaware crypto investors of their finances. The Seychelles-based crypto exchange has decided to not freeze the assets of this user, whose name remains undisclosed, unless a law enforcement agency sends over a legal notice instructing the exchange to do so. In recent … Read more