Ripple Labs, a subsidiary of Ripple, witnesses a securities case filed against the company in California. The new lawsuit targets Ripple CEO, Brad Garlinghouse alleging him of ‘misleading statements’ in a 2017 interview regarding XRP’s designation as a security. The cryptocurrency firm recently celebrated a partial win against the SEC
Zug, Switzerland, 20th June 2024, Chainwire
New York, United States, 19th June 2024, Chainwire
The prime minister of Montenegro, Milojko Spajic, is in a controversy over his prior investment in Terraform Labs, a collapsed crypto firm founded by Kwon Do-hyung. Imprisoned in Montenegro in connection with the 2022 collapse of the company’s cryptocurrencies. Vijesti, the Montenegrin newspaper, reports a data sheet submitted to the
The global cryptocurrency markets saw a slight recovery today as Ethereum (ETH) spiked over 6% to above $3,500 following news of the U.S. Securities and Exchange Commission (SEC) closing its investigation into ETH sales. This bullish trend extended across Ethereum and other altcoins. Consensys Software, an Ethereum developer, confirmed in
A net outflow of $152.42 million from U.S. spot bitcoin exchange-traded funds occurred on Tuesday, the fourth day in a row of such withdrawals. Consistent outflows over the last four trading sessions have caused a significant pause in the spot Bitcoin ETF market. On Tuesday, June 18, no spot Bitcoin
Consensys, a blockchain software company announced that the U.S. Securities and Exchange Commission’s enforcement division has notified the company that it is closing its investigation into Ethereum 2.0 –the crypto community has greatly celebrated this news. In its official tweet posted hours ago, it wrote “Ethereum survives the SEC,” adding,
Referral marketing, a strategy deeply rooted in the traditional business world, has found a vibrant new arena in the cryptocurrency sector. As digital currencies and blockchain technology continue to revolutionize the way we perceive and manage finances, referral marketing has emerged as a powerful tool for promoting cryptocurrency platforms and
Sonic, the first gaming L2 infrastructure to debut on Solana, has secured $12 million in a recent Series A round headed by BITKRAFT, with participation from Galaxy Interactive, Big Brain Holdings, and others. Mirror World Labs is a GameFi infrastructure company that has been in business for over two years,
Stuart Alderoty, chief legal officer of Ripple, has offered fresh commentary on the United States Securities and Exchange Commission’s (SEC) most recent filing after a contentious week in the case. An announcement of a settlement between the regulator and insolvent Terraform Labs kicked off the drama this week. The parties
