XRP reached a 10-week high after documents related to former Securities Exchange Commission (SEC) Director William Hinman were made public. The SEC filed against Ripple in December 2020, alleging that the company and two senior executives had raised $1.3 billion through the sale of XRP tokens, which the agency deems unregistered securities. A major part
According to a recent Bloomberg report, Binance.US and the U.S. Securities Exchange Commission (SEC) might reach a compromise agreement. The agreement, if reached, could avoid a complete asset freeze. The SEC had first filed charges against Binance.US and some related companies on June 5. In response, the SEC requested a restraining order and asset freeze
Bank of China’s investment arm, BOCI, has taken a step towards simplifying digital asset markets and products for customers in the Asia-Pacific region. The bank has done so by becoming the first Chinese institution to issue $28 million worth of digital structured notes, tokenized on the main Ethereum blockchain network. The notes were initiated by
The US Department of the Treasury is exploring the privacy implications of a potential retail central bank digital currency (CBDC), according to Graham Steele, assistant secretary for financial institutions at US Treasury. Speaking at the Transform Payments US 2023 Conference in Texas, Steele said a retail CBDC could have both benefits and drawbacks, with privacy
Black & White Burger, a French fast food chain in Belgium, has recently announced that it will accept cryptocurrency payments in all of its 12 outlets across the nation. In addition to this, the chain has created a “mystery burger” that will only be available to customers who pay using cryptocurrency. The Partnership The fast
On June 5, the U.S. Securities Exchange Commission (SEC) filed charges against Binance and its related companies. The SEC then sought a restraining order against Binance.US to freeze the company’s assets and force the return of user funds. Objection to the SEC’s Order However, lawyers representing Binance and related firms have submitted a court filing
Over the past year, the cryptocurrency market has seen a surge in initiatives that prioritize environmental or social causes. Despite the decentralized nature of the crypto industry, teams are recognizing the potential of blockchain technology to bring people together for positive purposes. As a result, several projects are tailoring their solutions to address admirable objectives.
Bitcoin’s price has remained steady within a narrow 3.4% range for the past three days after defending the $25,500 support on June 10. However, investors’ attention has shifted to the macroeconomic area as the United States Federal Reserve is set to announce its interest rate decision on June 14. Despite cryptocurrencies’ independence from traditional finance
On June 13th, the House Financial Services Committee convened to hear the testimonies of five key players in the blockchain industry. The hearing, titled “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem,” aimed to address the urgent need for regulatory clarity in the digital asset space. The recent legal actions taken
Circle CEO, Jeremy Allaire, has called for the urgent passing of a stablecoin bill, which he hopes will be signed by President Joe Biden. He argues that other countries are already making progress in this area, with new laws being established in the European Union, Japan, and Hong Kong to regulate the use of US-issued