The money will cover the court-ordered settlement costs and could put the battle to rest Ripple and the US Securities and Exchange Commission (SEC) have taken a step toward finalizing their lengthy legal battle. Both parties recently filed a joint request to release $125 million held in an escrow account. This money is set to
Category: Crypto
Walmart and Amazon May Launch Their Own US Dollar-Backed Stablecoins
The rumored goal is to give consumers streamlined payment options Walmart and Amazon are reportedly exploring the idea of launching their own US dollar-backed stablecoins, according to The Wall Street Journal. While neither company has publicly confirmed these plans, sources familiar with the matter say both retail giants are considering creating digital tokens tied to
US Senate Advances Stablecoin GENIUS Act
The bill’s advancement suggests growing momentum for federal regulation of stablecoins The US Senate has voted to advance the Guiding and Establishing National Innovation for US Stablecoins Act, known as the GENIUS Act, by a 68-30 margin. The decision moves the bill closer to a full floor debate and vote, potentially setting the stage for
US Investment Manager Guggenheim Partners With Ripple
The arrangement will see the investment manager put its fixed-income investment products on Ledger US investment firm Guggenheim is taking another foray into blockchain through a partnership with Ripple to bring its fixed-income investment products onto the XRP Ledger. The move comes amid growing interest in leveraging blockchain infrastructure to back real-world financial assets, particularly
Evita Pay Founder Accused of Launder Millions Into the US Through Cryptocurrency
The company has allegedly been helping Russia bypass sanctions Iurii Gugnin, the founder of Evita Pay, has been arrested in New York and charged with laundering more than $500 million into the US through cryptocurrency, according to the US Department of Justice. Federal prosecutors allege Gugnin used his crypto payments firm to help sanctioned Russian
Coinbase Finds Success Through AI in Struggle With Unnecessary User Account Freezing
Improvements being made to the crypto exchange will make onboarding easier Coinbase has made great leaps in solving one of its most berated customer support issues: unjustified account freezes. CEO Brian Armstrong stated in a tweet on June 6 that the cryptocurrency exchange has reduced such incidents by 82%, crediting recent improvements in its technology
USDC Issuer Circle Now on the New York Stock Exchange
Circle’s shares are now trading under the ticker symbol CRCL Circle, the FinTech firm behind the USDC stablecoin, has officially gone public, marking a major step for the company and for the broader crypto sector. Yesterday, Circle’s shares—trading under the ticker symbol CRCL—began trading on the New York Stock Exchange. Circle CEO Jeremy Allaire shared
Crypto.com Sues Nevada for Trying To Ban Prediction Markets
The recent attacks on sports prediction markets are causing trouble in the crypto space, as well Crypto.com’s North American derivatives arm has filed a federal lawsuit against the Nevada Gaming Control Board (NGCB), challenging the state’s attempt to block its sports prediction market. The legal dispute centers on whether the exchange’s event-based financial contracts fall
Android Banking Trojan Crocodilus Returns, Targeting Crypto Users Around the Globe
The newest variation is an adaptation to a dangerous virus circulating for years A newly evolved version of the Android banking trojan known as Crocodilus is spreading fast, now targeting cryptocurrency users and banking customers worldwide, according to cybersecurity firm ThreatFabric. First spotted in March 2025, Crocodilus initially focused on Turkish users by disguising itself
Robinhood Finalizes Acquisition of Crypto Exchange Bitstamp
Sunday Recap: $50 Million OSS XL finishes final weekend. The $50 Million OSS XL just finished its final weekend and our biggest series ever didn’t disappoint! But that was just part of another action-packed day at the tables. Read all the details in our June 1st Sunday Recap. Three OSS XL Main Events We had
French Police Make Dozens of Arrests Following String of Crypto-Related Kidnappings
Several cryptocurrency entrepreneurs have faced attempted kidnappings in France recently French police have arrested and charged 25 people, including six minors, after a series of kidnappings and attempted abductions that targeted individuals linked to the cryptocurrency industry. The group, aged 16 to 23, is being investigated for planning and carrying out attacks on well-known crypto
Two NYPD Officers Implicated in Recent Cryptocurrency Torture Case
The two officers have been placed on modified duty pending the outcome of an investigation Two New York Police Department detectives have been placed on modified duty amid an investigation into their alleged connection to a cryptocurrency-related kidnapping and torture case in Manhattan. The officers, Roberto Cordero and Raymond J. Low, are accused of involvement