Ripple Labs will pay $125 million, but closing the case could allow Ripple to flourish A federal judge has ruled that Ripple Labs must pay a $125 million civil penalty in a case brought against the company by the Securities and Exchange Commission (SEC). The decision, released yesterday by Judge Analisa Torres in the US
The company becomes the first in the US to offer wire transfers through cryptocurrency Transak, a Web3 payments infrastructure provider, has achieved a significant milestone by becoming the first fiat-to-crypto on-ramp in the US to enable wire transfers. This new feature allows American crypto users to top up their digital asset accounts via wire transfers,
The company has had to cut its workforce, leading to the removal of the annual event Financial services firm Swan Bitcoin has announced the cancellation of its upcoming cryptocurrency conference, the Pacific Bitcoin Festival, which was set to take place in Santa Monica, California, on October 18-19, 2024. This decision, disclosed by Swan Bitcoin CEO
Trump wants to use the power of Bitcoin to wipe out $35 trillion in debt Donald Trump’s recent proposal to address the $35 trillion national debt using Bitcoin (BTC) has sparked significant debate and curiosity. As a former president known for his unconventional approaches, this idea reflects both the growing influence of cryptocurrencies and the
The days of cryptocurrency being completely anonymous and untraceable are fading In a move to combat the rising tide of investment fraud, particularly within the cryptocurrency sector, the Wisconsin Department of Financial Institutions (DFI) has unveiled a new scam tracker. This tool is a direct response to the growing number of consumer complaints and is
The move may have been a response to recent comment about the cryptocurrency industry The US government has executed a transfer of approximately $2 billion worth of Bitcoin, previously seized in connection with the Silk Road case. The Silk Road, an infamous dark web marketplace, was shut down by the FBI in 2013, and its
The recognition could further cryptocurrency’s place in the US The University of Wyoming has announced the establishment of a pioneering academic entity, the Bitcoin Research Institute (BRI), marking a significant stride in the legitimization and scholarly examination of Bitcoin. This initiative positions the university at the forefront of cryptocurrency research, reflecting a growing recognition of
Cryptocurrency ETFs are starting to pick up as a possible investment alternative Jersey City, under the leadership of Mayor Steven Fulop, is poised to take a bold step into the realm of digital assets. Since his election in 2013, Mayor Fulop has been at the forefront of innovative and progressive financial strategies to bolster the
The legislation will continue to help the crypto industry evolve and mature The US House of Representatives has taken a significant step towards addressing the misuse of digital assets by passing the Financial Technology Protection Act. Approved on July 22 through a majority voice vote, the legislation establishes a dedicated task force aimed at investigating
Silvergate will have to pay $63 million for its failures Silvergate Capital Corporation, the parent company of the now-defunct Silvergate Bank, has agreed to a $63 million settlement with US and California regulators to resolve charges related to its handling of anti-money laundering (AML) and bank secrecy compliance programs. The Federal Reserve will receive $43
One industry analyst believes the SEC chairman could be out sooner than expected In a recent market report, Markus Thielen, founder of 10x Research, predicted that United States Securities and Exchange Commission (SEC) Chair Gary Gensler would likely resign within the first two months of 2025. Thielen’s forecast is based on the historical trend of
Dylan Meissner will return to a courtroom in October for sentencing In the latest case of corporate fraud in the cryptocurrency space, Dylan Meissner, a former vice president of a prominent crypto research firm, has admitted to a multi-million dollar embezzlement scheme. The 31-year-old Westport, CT, man’s guilty plea to wire fraud charges has sent
Our Responsible Gambling program verifies that all players are of legal age and provides customizable self-exclusion tools for our tables, sportsbook, and casino.
Most Common