EThe United States Securities and Exchange Commission (SEC) announced on June 5 that it had sued the largest crypto exchange in the world, Binance, for alleged securities fraud. The announcement triggered a market crash as BNB’s price and others suffered, and users clamored to remove their crypto from the exchange. $1.5 Billion In Withdrawals In…
In a shock move that has forced the cryptocurrency markets lower, the United States Securities and Exchange Commission (SEC) on June 5 sued Binance, the world’s largest cryptocurrency exchange, accusing them of 13 charges, one of which is allegedly enabling the trading of unregistered securities. Top of the list, the regulator said, was that Binance allegedly…
Ripple, the blockchain company behind the XRP, has released 1 billion XRP tokens from its escrow. The firm previously locked the coins in the escrow system to ensure the XRP ecosystem and market stability. Ripple’s Monthly Unlock Of 1 Billion XRP Tokens According to data from the on-chain analytics firm Whale Alert, Ripple Labs unlocked…
MicroStrategy is a business intelligence firm and one of the biggest holders of Bitcoin, the world’s most valuable cryptocurrency by market capitalization. And Michael Saylor, the former CEO of MicroStrategy, believes the cryptocurrency market is bottoming, and a Bitcoin rally is on the horizon. Regulation, Halving, And Ordinals Are Drivers In the interview, Saylor points…
A partner at Hogan & Hogan, Attorney Jeremy Hogan, has weighed in on talks about the Ripple lawsuit. The pro-XRP lawyer said Ripple would get an unfavorable outcome if Judge Torres moved the Fair Notice Defence (FND) issue to trial. According to Hogan, there would be an FND trial only if Ripple loses its case to…
The legal battle between the United States Securities and Exchange Commission (SEC) and Ripple Labs rages on as the community awaits the summary judgment. While the wait continues, a recent ruling led Pro-XRP Attorney Jeremy Hogan to applaud Judge Analisa Torres as ‘The People’s Judge’. Judge Torres ruled on public access to the Hinman Speech…
The Securities and Exchange Commission (SEC) has responded to Coinbase’s complaint. The largest American crypto exchange had sued the SEC on April 25, demanding clarity on crypto regulation. The company filed a petition for a writ of mandamus, which requires the SEC to respond within a reasonable time. In the filing, Coinbase asks the SEC…
The US Securities and Exchange Commission (SEC) has revised the initial punishment against a blockchain-based content provider, LBRY. It has significantly reduced the penalty from the previous $22 million to a revised amount of approximately $111,000. SEC Revises Initial Penalty On LBRY The decentralized content-sharing platform that utilizes blockchain technology found itself in legal trouble…
The legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) in the US District Court of Southern New York is still awaiting a ruling from Judge Analisa Torres. Just last week, Ripple CEO Brad Garlinghouse downgraded expectations, stating that a ruling would likely come in “two to six months” rather than…