Epic Battle Unfolds Over $770M Disgorgement Demand
In a recent interview with CNBC, Brad Garlinghouse addressed the ongoing legal battle between Ripple and the US Securities and Exchange Commission
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Unfolds
Hong Kong police, regulator form crypto task force as JPEX saga unfolds
The Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC) have set up a crypto-focused working group to deal with illicit crypto exchange activities.In an Oct. 4 statement, the SFC said the group was formed after a meeting with the HKPF on Sept. 28 amid continuing arrests
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US SEC may appeal XRP ruling, Kuwait bans crypto as FTX saga unfolds| Weekly recap
This week, the United States Securities and Exchange Commission (SEC) hinted at exploring other legal avenues after Judge Torres ruled that XRP is not a security. Meanwhile, the FTX saga had some surprising revelations. Despite this, regulatory efforts remained in the spotlight amid increasing crypto adoption. SEC may appeal the XRP
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Bitcoin rallies above $27,000 amid US banking crisis, Silicon Valley Bank drama unfolds
This week, Bitcoin’s (BTC) upward surge was the most significant event. The coin rose above $27,000 amid a banking crisis in the United States. The situation reiterated the need for users to hedge against economic instabilities using digital assets. In the mid of this crisis, the Silicon Valley Bank (SVB)
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DefiLlama forked as internal dispute unfolds
A dispute has taken place within the decentralized finance (DeFi) analytics dashboard DefiLlama, leading the platform to be forked by one of its employees over the weekend. The dispute centers on the company's plans to launch a token. On March 19, pseudonymous developer at DefiLlama 0xngmi announced the firm's team was
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Hedge funds subpoenaed by U.S. prosecutors as Binance probe unfolds: Report
United States prosecutors are investigating hedge funds' relationships with cryptocurrency exchange Binance for money-laundering violations.According to anonymous sources cited by the Washington Post, the U.S. attorney’s office for the Western District of Washington in Seattle subpoenaed investment firms to provide records of communications with Binance in the past months. The
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IMF calls for tighter crypto regulation in Africa as the industry unfolds
The International Monetary Fund (IMF) is calling for increased regulation of Africa's crypto markets, one of the fastest-growing markets in the world, the global institution blog reported on Nov. 22. Among the reasons why countries in the region should embrace regulation, the monetary fund cited the collapse of FTX and its
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