For years, many Bitcoin Maximalists have claimed that Bitcoin is immune to government regulations and bans. But they might be proved wrong soon…
In a recent CNBC interview, Former US Securities and Exchange Commission Chair Jay Clayton says that Bitcoin has not been classified as a security for a long time, and warns that its status as a non-security still does not protect it from the imposition of new regulations, which he warned could be coming soon.
Host Andrew Ross Sorkin pointed out that under Clayton’s watch, the SEC did not take a position on Bitcoin regulation. Clayton responded…
In the SEC v. Ripple lawsuit, the court has rejected the SEC’s attempt to block XRP holders’ Motion to Intervene and has set submission deadlines for the motion to be filed as well as for responses from the SEC and Ripple.
In the U.S. Securities and Exchange Commission (SEC) v. Ripple Labs case, the district court of the Southern District of New York “has reviewed the parties’ and proposed intervenors’ letters dated March 19 and 26, 2021,” according to the court document filed Monday.
MicroStrategy Inc. President and Chief Financial Officer Phong Le has netted about $12 million in stock sales in recent weeks, as the business intelligence firm’s stock has benefited from its purchases of Bitcoin.
The sales come after Le exercised options he has earned over the years to purchase about 20,000 shares at around $189.16 a share and then sell them for a range around $800 a pop, according to Securities and Exchange Commission filings.
Le also netted about $9.1 million in stock sales in late November and early December, according to SEC filings, which was the first time he has…
Digital payments giant Ripple is adding an Uber and Goldman Sachs veteran to its ranks.
In a new statement, the firm announces that Brooks Entwistle is joining Ripple as managing director of Southeast Asia. Entwistle will be based in Singapore, Ripple’s headquarters in the region.
Ripple says Southeast Asia is the fastest-growing market for its financial institutions-focused global payments network RippleNet.
Per RippleNet’s general manager, Asheesh Birla, the region is extremely dynamic, and Entwistle will help grow it further.
“The adoption of RippleNet among the region’s many fintechs, payments service providers and SMEs makes Southeast Asia our biggest market for…
Ethereum (ETH) co-founder Vitalik Buterin argued that, like Ethereum, Bitcoin (BTC) has its own potential bombs waiting to explode.
The ecosystem around Ethereum could see failures and hacks, discussed the participants of The Tim Ferriss Show yesterday. To this, Buterin said: “I think the Bitcoin ecosystem does have its own […] ticking time bomb demons too, like Tether is one example.”
He did not elaborate on this any further.
Tether is the issuer of the most popular stablecoin, tether (USDT) and is being criticized for the lack of transparency. However, as reported, in a recent settlement with the New York…
Tech entrepreneur John McAfee has been indicted by the U.S. Department of Justice on fraud and money laundering charges tied to McAfee’s touting of various cryptocurrency projects without disclosing he was paid to do so.
McAfee, who is currently detained in Spain on a separate tax charge by the DOJ, was indicted alongside Jimmy Watson Jr., an executive advisor to McAfee, according to a press release Friday. They allegedly made more than $13 million from investors.
“The defendants allegedly used McAfee’s Twitter account to publish messages to hundreds of thousands of his Twitter followers touting various cryptocurrencies through false and…
International investment bank JPMorgan released the results of a poll surveying 3,400 investors at 1,500 institutions during their Macro Quantitative Conference on Thursday, offering indications of what the investor community thinks about cryptocurrency
The survey results suggest cryptocurrency’s reputation is shifting to greater legitimacy in the minds of investors, but the coin hasn’t lost its risky and crime-related perception. Surveyed investors still seem to think crypto is a risky investment area — a belief JPMorgan analysts have agreed with in the past.
Over three-quarters (78%) of investors admitted their firm most likely won’t invest in crypto, and that 97% thought…
Goldman Sachs Group Inc has restarted its cryptocurrency trading desk and will begin dealing bitcoin futures and non-deliverable forwards for clients from next week, a person familiar with the matter said.
The team will sit within the U.S. bank’s Global Markets division, the person said.
The desk is part of Goldman’s activities within the fast-growing digital assets sector, which also includes projects involving blockchain technology and central bank digital currencies, the person said.
As part of this work, the bank is also exploring the potential for a bitcoin exchange traded fund and has issued a request for information to explore…
Federal Reserve Chair Jerome Powell said the central bank is looking closely at the prospect of issuing a “digital dollar”, and engaging with the public on the question of a digital dollar.
Powell made his comments during Wednesday’s House Financial Services Committee hearing in response to questions on the digital dollar concept from Representative Patrick McHenry (R-NC).
“This is going to be an important year,” he said. “This is going to be the year in which we engage with the public pretty actively.”
MoneyGram has suspended trading on Ripple’s platform over concerns about the latter’s litigation with the Securities and Exchange Commission in its quarterly earnings report.
In 2019 Ripple agreed to invest up to $50 million in MoneyGram as part of a two-year partnership that has seen the old-school money transfer player tap the blockchain startup’s XRP digital currency for cross-border payment and foreign exchange settlement.
Ripple has effectively been paying MoneyGram to use its on-demand liquidity service, with the money transfer outfit seeing a “net expense benefit” of $12.1 million from Ripple market development fees in the first quarter of 2020.
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