The lawsuit between Ripple and SEC is the showstopper from December 2020, the time when the case was filed. The importance and interest poured into this legal war are pretty evident to everyone in the crypto field. The case is conducted in the Federal Court of New York, Manhattan. The
A copy of Multicoin Capital’s yearly investor letter revealed a 91.4% loss for the hedge fund in 2022. The fall was blamed in the letter on the tumultuous year for cryptocurrencies and the direct and indirect effects of the FTX crypto exchange’s closure. The letter stated: “While the fund successfully
Bybit, one of the leading cryptocurrency exchanges, said on Saturday that it has temporarily suspended bank transfers of US Dollars. The exchange blamed interruptions in service from its banking partner but did not specify which bank was at fault. Since Silvergate voiced worries about liquidity challenges and difficulty for operations
Chainlink, a provider of blockchain data, recently unveiled a platform that will let programmers link data to smart contracts. Developers can connect their decentralized applications (dApps) or smart contracts to any Web2 API using Chainlink Functions, and then use the network’s highly secure and dependable platform to perform custom computations
As of April 1, 2023, the first consumer pilot of Russia’s central bank digital currency (CBDC) will be introduced by the Bank of Russia. According to Russia’s first deputy governor Olga Skorobogatova, digital ruble transactions involving 13 regional banks and many retailers will be introduced by the Russian central bank.
Binance and Huobi, two major cryptocurrency exchanges, have once again frozen accounts. This time its related to the June 2022 $100 million Harmony Horizon bridge attack. The trading platforms blocked almost $1.4 million in cryptocurrency that was traced to accounts associated with the infamous Lazarus Group in North Korea. Based
At the StarkWare Sessions 2023, Visa’s head of crypto business Cuy Sheffield said that the corporation aims to create a “muscle memory” to settlements by enabling clients to convert digital assets to fiat currency on its platform. In a fireside discussion during the conference, Sheffield said: “We’ve been testing how
The European Central Bank (ECB) has raised its benchmark interest rate by 0.5% points and said it would do the same in March, in contrast to the Federal Reserve’s 0.25% hike. This was done because of expectations that inflation would remain high in light of continued brisk economic expansion in
Support for Euro-backed IOUs on the XRP Ledger was recently announced by cryptocurrency exchange Bitstamp. Customers of Bitstamp may now use XRP Ledger for EUR transfers. Bitstamp tweeted on Twitter about their growing user base, saying: “We’re expanding our IOU Services on XRPL. You can now use EUR-backed IOUs as
SOUTH BEND, Ind.–(BUSINESS WIRE)–The Air Force Installation Contracting Center (AFICC) and SIMBA Chain have formed a historic partnership through a Basic Ordering Agreement (BOA) that allows Federal agencies to access SIMBA Chain’s Phase III Small Business Innovation Research (SBIR) capabilities via the AFICC. Through the new BOA, which extends through
