Cryptocurrency Analysis and News Portal
Ted Budd has presented the “Keep Your Coins Act” to Congress, legislation designed to ensure individuals’ rights to directly manage their cryptocurrencies without compulsory third-party involvement. Senator Budd (R-NC) has proposed a bill aiming to safeguard the autonomy of American citizens in handling their digital currencies. Amidst increasing governmental attention towards the
Read More
The collaboration with Uphold comes shortly after Ripple celebrated a recent triumph in its ongoing legal battle with the US SEC. Blockchain payment infrastructure company Ripple has secured a new partnership with Uphold, a US-based crypto-focused financial firm known for providing innovative solutions to streamline business offerings. The new partnership, announced on
Read More
In a press release dated Oct. 24, Ripple, the blockchain-based digital payment network, announced its partnership with Uphold. The partnership is said to provide Ripple with improved crypto liquidity capabilities. Preparing for what the future holds As part of the press release, Uphold Chief Executive Officer Simon McLoughlin expressed his enthusiasm for being a
Read More
Cryptocurrency exchange Crypto.com has petitioned a Florida court to confirm a judgment in its favor through arbitration after the platform mistakenly deposited $50,000 into a user’s account.According to the July 6 court filing, Crypto.com “erroneously deposited” $50,000 into James Deutero McJunkins’ account in June 2022, despite the user seemingly not
Read More
A Judge of a High Court in Uganda recently dismissed an application which sought to quash a Bank of Uganda directive that barred licensed entities and individuals from facilitating crypto transactions. In his ruling, Justice Musa Ssekaana insisted that the central bank’s crypto prohibition does not amount to an infringement
Read More
Crypto exchange Uphold has denied owing around $784 million to the liquidation trust of bankrupt crypto investment platform Cred.At a court hearing on Jan. 11, Uphold filed a motion to dismiss all counts in the suit served against the firm by Cred in June 2022.Cred was a crypto lending service
Read More
As evidence, the Cred Liquidation Trust points out that Cred’s founder, Dan Schatt, was a member of Uphold’s Board of Directors. The suit also claims CredEarn was at one time supposed to be called UpholdEarn. It was renamed, says the suit, to avoid regulatory risk. Original Source
Read More
Uphold, a New York-based cryptocurrency exchange, has announced it is closing its operations in Venezuelan markets. The company, which has already had problems with users in the country in the past — shutting down accounts and requiring KYC controls that some users deemed excessive — declares that the exit from
Read More
En 2019, la administración del entonces presidente Donald Trump impuso sanciones adicionales a Venezuela, incluyendo la prohibición de realizar transacciones con ciudadanos y empresas estadounidenses. Este mes de mayo, el gobierno de su sucesor, el presidente Joe Biden, comenzó a suavizar algunas de ellas. Source
Read More
The company said it made the decision because of the “increasing complexity of complying” with penalties imposed by the U.S. Source
Read More