A pretrial conference on the SEC vs Ripple case has been set for Feb 22, 2021. The pretrial is a conference prior to the actual trial ordered by the court to discuss the issues of the case.The U.S. district couth of New York Southern will facilitate the meeting telephonically in...
Coinbase announced on Monday to suspend trading in XRP. Coinbase said that the trading will move into the limit only starting December 28, 2020, at 2:30 PM PST, and will be fully suspended on January 19, 2021, at 10 a.m. PST. There is also the possibility that Coinbase could halt...
The Securities and Exchange Commission (SEC) announced on Tuesday it has filed the lawsuit against Ripple Labs Inc. and two of its executives – Ripple CEO Brad Garlinghouse and cofounder Chris Larsen- for raising over $1.3 billion through an unregistered, ongoing digital asset securities offering. In response, Brad Garlinghouse, the...
The U.S. Treasury Department’s financial crimes unit – FinCEN – is seeking to address gaps in cryptocurrency transaction reporting by requiring financial institutions and crypto exchanges to report the movement of crypto funds above certain amounts. Under the new proposed rule from the Financial Crimes Enforcement Network (FinCEN), financial institutions...
The Securities and Exchange Commission (SEC) announced on 22 Dec that it has filed the lawsuit against Ripple Labs Inc. and two of its executives – Ripple CEO Brad Garlinghouse and cofounder Chris Larsen- for raising over $1.3 billion through an unregistered, ongoing digital asset securities offering. As per the...
The ex-CEO of infamous Japanese Bitcoin exchange Mt Gox – Mr. Mark Karpeles urged the Illinois U.S. District Court federal judge on Monday not to certify a class suit from plaintiff Mr. Gregory Greene that claims Mr. Karpeles misrepresented the exchange’s safety, security, and operation in the “terms of use”...
After years of waiting, the trustee on 15th Dec submitted the draft Mt Gox rehabilitation plan to the court. The Tokyo District Court and an examiner will review the draft rehabilitation plan and determine whether to proceed with the rehabilitation proceedings as per the draft rehabilitation plan. Background: Mt Gox...
SC Ventures, the innovation and ventures unit of Standard Chartered plans to launch an institutional-grade cryptocurrency custody solution. Source: Press release in BusinessWire. The joint venture named Zodia combines the traditional custody principles and expertise of a bank to provide an infrastructure that meets the high standards and expectations of...
As reported by the local news outlet Runrun.es, the government of Venezuela is paying companies from allied countries, such as Iran or Turkey with Bitcoin to mitigate the effects of United States sanctions on its economy. The economy of Venezuela has been in a state of total economic collapse. This has been largely...
According to reports from local media, there are many strict measures taken by the authorities to break down bitcoin miners in Baoshan in Yunnan province in China. The recent move of the authorities was an order to the city’s power suppliers to shut it off, in order to prevent bitcoin...
