Despite the crypto industry experiencing a major rise in mainstream interest in 2020, the year also saw many prominent crypto personnel apprehended by regulators. Over the past year, many prominent and colorful crypto personalities have been apprehended and arrested. From the jailing of antivirus pioneer John McAfee to the laying of charges against executives from […]
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“The idea is that if you can provide a root of trust that is literally in outer space, you have something that has an unprecedented level of security because this is a fully tamper-proof Trusted Execution Environment.” At first glance, an out-of-this-world plan to launch a network of crypto satellites into space, sounds like one […]
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The commission is alleging Garlinghouse, Larsen and Ripple have participated in an “unregistered, ongoing digital asset securities offering” to investors since 2013. The U.S. Securities and Exchange Commission has taken legal action against Ripple as well as its CEO Brad Garlinghouse and co-founder Christian Larsen. In charges filed today in federal district court in Manhattan, […]
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The D.C.-based think tank doesn’t view XRP in the same light as Bitcoin or Ethereum. In its coming fight against the Securities and Exchange Commission, Ripple won’t see support from some of the mainstays of the crypto lobby. Jerry Brito, the executive director of Coin Center, made it clear on Tuesday that his organization won’t […]
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Compliance and regulations become more important than ever before for banks and traditional institutions that offer support for digital assets. More and more traditional banks have started announcing support for digital assets as the price of Bitcoin (BTC) continues to make headlines for record-breaking all-time highs. Even major banks like JPMorgan Chase, which previously frowned […]
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If passed, the United States’ crypto wallet proposal would create significant hassles for digital asset exchanges. U.S. Treasury Secretary Steven Mnuchin recently dropped a proposal requiring exchanges and crypto platforms to verify the identity of customers exporting digital assets to self-hosted wallets. Crypto exchange OKCoin noted the proposal would create additional work for exchanges. “Upon […]
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The year-long dispute between Bitmain co-founders appears to be at an end with a $600 million compensation on the table. After months of wrestling for control of the company, Bitmain co-founders Jihan Wu and Micree Zhan have reportedly reached a settlement. According to Chinese crypto expert Colin Wu, and reported by multiple local publications, both […]
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The XRP price correction is exacerbated by reports of a looming lawsuit against Ripple. XRP price declined by 21% in two days on Coinbase from $0.5695 to $0.4491. The drop was accelerated by reports on Dec. 22 that the U.S. Securities and Exchange Commission (SEC)’s is preparing a lawsuit against Ripple. Brad Garlinghouse, the CEO […]
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Despite the company’s protestations, it appears the SEC is the latest in a long line of plaintiffs. Ripple will be sued by the SEC for allegedly selling unlicensed securities in the form of XRP tokens, according to Fortune. In a move reminiscent of Coinbase’s recent front-running of a New York Times expose of its alleged […]
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An application for SkyBridge Bitcoin Fund L.P. has been filed with the Securities and Exchange Commission. Anthony Scaramucci’s multi-billion-dollar hedge fund, SkyBridge Capital, has submitted a formal application with the United States securities regulator to launch a new Bitcoin (BTC) fund. The Form D for an exempt offering appeared on the Securities and Exchange Commission’s […]
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