NewsRoom Articles - Page 47 of 182

WednesdayJul 19, 2023 11:15 am

Ripple Labs Wins Landmark Suit Filed by the US SEC

In a significant legal win for the crypto sector, Ripple Labs’ sale of its XRP token on open markets was found to have not breached federal securities legislation. The ruling was made by Judge Analisa Torres, and it represented the first win for a cryptobusiness in a legal battle instituted by the U.S. Securities and Exchange Commission (SEC). Despite being unique to this case, the ruling is anticipated to benefit other cryptocurrency companies engaged in similar legal disputes with the SEC over regulatory issues. Brad Garlinghouse, Ripple’s CEO, welcomed the decision as a big victory for both Ripple and the…

MondayJul 17, 2023 9:00 am

Author of ‘Rich Dad, Poor Dad’ Foresees End of USD Dominance as Crypto Grows

Robert Kiyosaki, author of the highly acclaimed personal finance book “Rich Dad, Poor Dad,” expressed a pessimistic view toward the U.S. dollar following reports that BRICS nations have reached an agreement to introduce a currency backed by gold. The BRICS alliance comprises Brazil, China, Russia, India and South Africa, with recent indications suggesting that an additional 41 countries have expressed interest in joining this alliance, according to reports from RT. The agreement, which was disclosed by Russia Today last week, is expected to be officially announced in August during a summit in Johannesburg, South Africa. In response to this development,…

FridayJul 14, 2023 10:30 am

Standard Chartered Expects Bitcoin to Climb to $120,000 Next Year

According to Standard Chartered, the main cryptocurrency, Bitcoin, has the potential to rise to $50,000 in value this year and an impressive $120,000 in 2024. The bank believes the recent uptick in Bitcoin's price may motivate miners to hoard more of the coins they find. This forecast is a revision of the bank's earlier prediction made in April, where it anticipated Bitcoin to reach $100,000 next year. Geoff Kendrick, one of Standard Chartered's leading foreign exchange analysts, believes that their initial forecast has a 20% "upside." According to Kendrick, miners are able to put on the market fewer coins while…

WednesdayJul 12, 2023 5:08 pm

Digital Securities and Tokenization 2023 (DST23) | July 13th, 2023 | Frankfurt School of Finance & Management

With over 300 on-site and more than 2,000 online participants, 45+ speakers, 10+ panel discussions, 10+ keynotes, and 15+ company booths, the Digital Securities and Tokenization 2023 conference (DST23) will take place on July 13th, 2023. The integration of crypto jargon into everyday business is leading to a swift and unprecedented evolution and maturation of the digital asset landscape. Tokenization is reshaping the conventional notion of ownership, while blockchain technology is being utilized in various ways, especially in the field of digital securities. The potential offered by these disruptive innovations is vast, and it is unimaginable for industries to envision…

WednesdayJul 12, 2023 3:38 pm

Mining Disrupt 2023: The World´s Largest Bitcoin Mining Conference and Expo is back in Miami this summer from July 25th – 27th and it will be their biggest edition yet!

With an incredible lineup of sponsors and exhibitors, it promises to be, once again, the go to yearly event for the Mining Community. “What started as the Mining Disrupt telegram group for miners over 6 years ago, turned into our first official trade show in 2019, and now, we are thrilled to be celebrating our 5th year anniversary. What an amazing ride! We are very thankful for all the support.” said Michael Cruz, founder and co-owner. This year, PEGA Pool was announced as the Powered by Sponsor. They are revolutionizing one of the most important industry sectors by offering the…

WednesdayJul 12, 2023 10:30 am

Binance Hit as Top Executives Quit

Binance, the world's largest cryptocurrency exchange, has recently experienced a wave of executive departures amid a series of legal and regulatory challenges. Several high-ranking officials have announced their resignations through social media posts and media outlets, dealing another blow to the embattled exchange. Patrick Hillmann, the chief strategy officer, took to Twitter on Thursday to announce his departure from Binance, citing personal reasons as the motive behind his decision. In a similar fashion, Steven Christie, a compliance executive who joined the company in May 2022, tweeted on Friday that he was leaving due to exhaustion and a desire to prioritize…

MondayJul 10, 2023 12:00 pm

Bittrex Wants SEC Lawsuit Dismissed

Bittrex has taken a significant step in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) by filing a request to dismiss. The cryptocurrency exchange had filed for bankruptcy earlier this year citing regulatory pressure from the commission. In its recent filing, Bittrex makes the case that the SEC lacks the jurisdiction to regulate cryptos as securities sans a specific Congressional authorization. This claim contests how the SEC has interpreted current securities laws and aims to create a clearer regulatory framework that considers digital assets’ classification. Bittrex has followed Coinbase's lead in its request to dismiss, closely…

FridayJul 07, 2023 10:30 am

To Protect Investors, Thailand Opts to Ban Lending by Cryptocurrency Exchanges

Thailand has become the second country in southeast Asia to announce a ban on cryptocurrency exchanges that offer lending services, aligning with the country’s commitment to safeguarde investors in the crypto market. The Thai Securities and Exchange Commission (SEC) issued a statement on July 3, 2023, outlining the new rules. The ban explicitly targets "depository services that promise returns to lenders and depositors," effectively barring exchanges from offering both staking and lending options. To enhance transparency and risk awareness, the Thai SEC has introduced a mandatory disclaimer, requiring exchanges to prominently display the message: "Cryptos are high risk. Please thoroughly…

WednesdayJul 05, 2023 9:45 am

King Charles Signs Crypto Bill into Law

Last week, King Charles signed the Financial Services and Markets measure, completing the process for the measure to become law and giving regulators the power to monitor cryptocurrencies and stablecoins. This step, known as royal assent, is merely a procedural formality following the lawmakers' agreement and effectively transforms the bill into the Financial Services and Markets Act. Hailed as a vital component of the government's vision, the HM Treasury asserts that the act plays a central role in fostering an open, sustainable and technologically advanced financial services sector. Financial Services Minister Andrew Griffith emphasized that the act provides the United…

MondayJul 03, 2023 11:15 am

Team Managing Bankrupt FTX Announces Recovery of Nearly $7B in Assets

The FTX bankruptcy team has recently published a comprehensive report that delves deep into the financial intricacies of the collapsed exchange. According to their findings, a sizable debt of $8.6 billion was owed to clients as a result of the mixing and theft of their deposits. Surprisingly, senior executives had already made conscious efforts to hide these financial difficulties in August 2022. According to the report filed last week, a substantial portion of the funds, approximately $6.5 billion, consisted of misappropriated stablecoins and fiat currency. However, there is some positive news as well, as $7.1 billion worth of assets have…