A local court in South Korea denied the prosecutor’s request to issue an arrest warrant for Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin. This was the second attempt made by South Korean authorities to reign in Shin following the recent arrest of Do Kwon — Terra’s other co-founder. On March 23, Kwon
XRP
The price of Solana (SOL) fell nearly 95% in 2022, partly due to its association with tainted crypto entrepreneur Sam Bankman-Fried and his collapsed ventures FTX and Alameda Research. But so far in 2023, things have improved for the SOL price. Solana price doubles in Q1/2023 Solana’s price has risen 104% to around $20.60 per SOL
On-chain data shows XRP profit taking has surged to its highest level since August 2021 as the price has climbed another 17% in the last 24 hours. XRP Profit-Taking Volume Is Currently More Than Two Times The Loss-Taking Volume According to data from the on-chain analytics firm Santiment, a large amount of profit taking is
XRP (XRP) outperformed its top-ranking crypto rivals over the past 24 hours while reaching the highest price in 10 months. XRP price tags 10-month high On March 29, XRP’s price surged by nearly 15% to $0.58, its highest level in ten months, outperforming Bitcoin (BTC) and Ether (ETH) in the past 24 hours that rose
The lawsuit filed by the Commodity Futures Trading Commission (CFTC) against Binance Holdings and CEO Changpeng Zhao (CZ) may also have implications for the Ripple case against the U.S. Securities and Exchange Commission (SEC). Blockbytes wrote that the CFTC’s lawsuit filed yesterday highlights an interesting battle at the U.S. regulatory level. The CFTC writes in
BNB (BNB) looks set to wipe out its March gains entirely as investors turn their attention to the latest regulatory crackdown on Binance, the world’s leading crypto exchange by volume. BNB price logs worst daily performance in over a month On March 27, the U.S. Commodity Futures Trading Commission sued Binance and its chief executive
The Digital Euro Association (DEA) has published a new whitepaper to which Ripple Director of CBDC Product Management Anthony Ralphs was a contributor. Ripple called attention to this development in a tweet and blog post today. The latter explains that with central banks around the world increasingly exploring Central Bank Digital Currencies (CBDCs), privacy has
MakerDAO, the decentralized autonomous organization (DAO) that governs the DAI stablecoin, has voted overwhelmingly to keep USD Coin (USDC) as the primary collateral for DAI. An alternative proposal to “diversify” collateral into Gemini U.S. Dollar (GUSD) and U.S. Dollar Paxos (USDP) has been rejected in a 20% to 79% vote, according to the proposal’s official
The US Securities and Exchange Commission (SEC) has filed its response to Ripple Labs’ letters regarding supplemental authority in the Bittner and Voyager cases. As Bitcoinist reported, the Voyager judge found strong words for the unclear regulatory situation of the US crypto industry. Ripple filed the decision as a supporting argument for its fair notice
Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro. The 31-year-old entrepreneur was charged with eight separate counts, including securities fraud, commodities fraud and wire fraud, according to a March 24 report from Bloomberg. What appears to be the
Cardano (ADA) rallied to its best price level in a month as cryptocurrency investors prepared for the Federal Reserve’s looming interest rate decision. Fed boosts appetite for cryptos like ADA On March 22, ADA’s price surged by as much as 4.58% to $0.388, its highest level since Feb. 24. This bucked the trend as the total
In its legal battle with the U.S. Securities and Exchange Commission (SEC), Ripple Labs yesterday filed a Letter of Supplemental Authority to further bolster its fair notice defense. As legal experts had already suspected, Bitcoinist reported, the letter refers to Judge Michael Wiles’ ruling in the Voyager bankruptcy case. In it, Judge Wiles rejected the
Ethereum-based lending protocol Euler Finance could be a step closer to recovering funds stolen in a $196 million flash loan attack last week, with private discussions now initiated with the exploiter. In an on-chain message to Euler on March 20, days after sending funds to a red-flagged North Korean address, the exploiter claimed they now want
Last week’s rapid collapse of Silvergate, Silicon Valley Bank (SVB) and Signature Bank has highlighted the fragility of the traditional banking sector while depriving crypto of its primary fiat on-ramps in the United States. Most observers agree that the collapse of SVB, like the one of Silvergate, was largely the result of unfavorable market conditions
If Ripple wins against the US Securities and Exchange Commission (SEC) in its legal battle, a relisting of the XRP token on the largest American crypto exchange Coinbase will be one of the biggest stories within the XRP community. In a new interview, Paul Grewal, Chief Legal Officer (CLO) at Coinbase has now spoken in
While the US Securities and Exchange Commission’s (SEC) case against Ripple Labs continues to await a ruling by the judge in charge of the Southern District Court of New York, the fintech company may have received a winning argument from the judge in the Voyager case. Bankrupt crypto lender Voyager Digital recently received approval from
In this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and a long-time cryptocurrency investor. When he is not attending to his own mining rigs, Kramer provides consultation services to home-based operations and larger startups on how to set up mining farms. We start things off with miner prices and
J.W. Verret has outlined in an interview with John E. Deaton why XRP holders should hope for a “thin victory” for Ripple against the U.S. Securities and Exchange Commission (SEC). The former member of the SEC’s Investor Advisory Committee and an associate law professor at George Mason University in securities law also explained that the
Ethereum-based noncustodial lending protocol Euler Finance is trying to cut a deal with the exploiter that stole millions from its protocol, demanding the hacker returns 90% of the funds they stole within 24 hours or face legal consequences. Euler Labs sent its ultimatum to the flash loan attacker who exploited the platform for $196 million by transferring
Several Ripple executives have spoken out about the banking crisis in the United States. The company itself has been affected by the collapse of Silicon Valley Bank (SVB). As Ripple CEO Brad Garlinghouse clarified on Sunday, the company is affected “to some extent.” SVB was a banking partner and held a portion of Ripple’s cash
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