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“We’re seeing the XRP price jump by double digits and rally above its long-held resistance levels, as rumors filter through that Ripple and the SEC have possibly agreed to a settlement,” said Henry Liu, CEO of BTSE, in a Telegram message to CryptoX. Source
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Over the last year, a series of court cases have struck the crypto industry. Bankruptcy, liquidity issues and fraud have caused the industry to fall under the microscope of regulators around the world.The former cryptocurrency brokerage company Voyager Digital, Alameda Research - the investment arm of FTX- and cryptocurrency exchange
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“After celebrating disinflation greenshoots the past two months, the Federal Reserve has had to restart its hawkish positioning by talking tough on rate hikes, I think it's interesting to note that they were parading their hikes as having a substantial impact on inflation, and then it became clear that
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Beleaguered crypto trading firm Alameda recently filed a lawsuit against defunct crypto broker Voyager over repaid loans. Defunct crypto trading firm and FTX sister Alameda Research has hit bankrupt crypto broker Voyager Digital with a $446 million lawsuit. As it stands, Alameda seeks to recover the mammoth sum in repaid loans to the
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Europol has steepened its grasp on troubled exchange Bitzlato with the seizure of substantial crypto assets.The European Union Agency for Law Enforcement Cooperation (Europol) recently took another significant step in enforcement actions against Bitzlato. According to Europol, a recent sting operation across Europe and the US resulted in the seizure of
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The metaverse has been a buzzword inside and out of the Web3 world over the last year. Moreover, development in the metaverse is something that has remained strong relative to the overall turmoil of the decentralized space.It is also a hot topic at the 2023 World Economic Forum (WEF) in
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The number of layoffs at the Hong Kong crypto exchange was not specified. Source
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The case of LBRY highlights a wave of renewed regulatory pressure that could affect both blockchain token-issuing companies and their investors.In November, an over year-long court battle between the United States Securities and Exchange Commission (SEC) and blockchain development company LBRY and its LBRY Credits (LBC) token culminated in the
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"On December 20, 2022, the Court deemed service on the Ooki DAO of the Complaint and Summons in this action complete as of that date," the filing said. "Pursuant to Rule 12(a)(1)(A)(i), the Ooki DAO’s answer or other responsive pleading to the Complaint was due on or before January 10,
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For their complicit role in how FTX went under, Federal prosecutors have filed a separate action against the duo for participating in the “multiyear scheme to defraud equity investors in FTX”.Caroline Ellison and Gary Wang, the two profile executives of the bankrupt FTX Derivatives Exchange and Alameda Research have pleaded
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