The US SEC moved to strike Ripple’s defenses following its suit in December, accusing the blockchain giant and its executives of selling unregistered securities. However, Ripple has responded to the motion to strike its pivotal “fair notice” defenses, labeling it as “meritless.” Ripple says SEC’s motion to strike is meritless In a letter to Federal
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Recently India indicated that it will ban crypto in the country, but that could change following Finance Minister Nirmala Sitharaman’s comments that the government is considering a calibrated approach towards crypto regulation. Crypto players represented by the Internet and Mobile Association of India (IAMAI) have welcomed the Minister’s comments. IAMAI says the crypto sector employs
The cryptocurrency industry is growing very fast, and most countries are looking to provide regulation to govern this rapidly expanding segment. For instance, Kyrgyzstan has moved to formally regulate the industry by laying the framework of licensing of crypto exchanges. Kyrgyzstan wants the crypto sector regulated like Forex Recently the Kyrgyz Republic’s National Bank revealed
Bitcoin’s growing popularity is taking the world by storm and having a ripple effect on various sectors. Its price rallying to record highs of $42,000 in recent weeks has been the center of attention. The rate at which Bitcoin’s user base is growing is also taking the world by storm, threatening to have a ripple
Growing cryptocurrency popularity is forcing the crypto exchange to be innovative in product offerings, in a bid to target a broader target market. The latest is Bitmex, which has strengthened its Cryptocurrency offering with the introduction of futures contracts for meme crypto Dogecoin. Dogecoin Futures Starting February 5, traders and high-volume crypto speculators will be
Cryptocurrency investments from mainstream institutions have been on the rise in recent months. Square investing $50 million in bitcoin and MicroStrategy confirming over $200 million in crypto investments affirms growing investments in the nascent field. The latest to show strong interest in pursuing investments in the nascent field is Union Square Ventures. USV Crypto Plans
Cryptocurrencies continue to elicit bids as the buying spree continues to gather momentum. Bitcoin is already up by more than 30% for the year to record highs of $35,000. Ethereum, the second-largest cryptocurrency by market cap, is also registering substantial gains after powering through the $1,000 mark. Cryptocurrency Rally A 10% plus gain pushed Ethereum
Coinbase is the latest crypto player to find itself embroiled in a tricky lawsuit over the sale of unregulated securities. The U.S-based crypto exchange is to stand trial for allegedly receiving commissions on XRP coins’ sale on its platform. Coinbase Sued According to the lawsuit lodged by Thomas Sandoval, the crypto exchange went forth and
The Securities and Exchange Commission suing Ripple Labs and the token asset XRP poses a significant risk to the broader cryptocurrency sector. At stake is the classification of digital assets, which have been on a roll in recent years amid widespread adoption. Ripple Delisting The Ripple standoff emanates from the SEC reiterating that Ripple Labs
Joe Biden might not be good for the cryptocurrency sector. Those are sentiments shared by Ripple’s CEO, Brad Garlinghouse, who fears that increased focus on climate change, among other things by the new administration, could curtail growth in the sector. Ripple’s CEO Warning Renewed focus on climate change by the Biden’s administration could take a
The U.S real estate sector has come under immense pressure as the U.S economy faces its most significant contraction in recent years owing to the COVID-19 shocks. With more than 20 million Americans rendered jobless due to businesses’ shutdown and other economic activities, buying homes is no longer a priority. Millions of people are struggling