Ripple CEO Says 2021 Was His Firm’s Strongest Year Despite SEC Lawsuit

Ripple CEO Brad Garlinghouse say 2021 was the FinTech firm’s strongest year ever despite the company’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).  In a series of tweets sent out on December 22, Garlinghouse called 2021 a “watershed year for crypto,” noting that acceptance and awareness for digital assets is providing […]

SEC’s XRP Lawsuit: Crypto Analyst Says “We Should All Be Rooting for Ripple To Win”

In a recent video full of interesting predictions for 2022, prominent New Zealand based crypto analyst and influencer Lark Davis explained to the over 476K subscribers of his YouTube channel why the crypto community should be “rooting for Ripple to win” the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against the Californian […]

Former Goldman Exec Says XRP Has ‘Use Cases’ and ‘Phenomenal Risk/Reward’ Ratio

In a recent interview, former Goldman Sachs executive Raoul Pal explained why he has invested in XRP shortly after the U.S. Securities and Exchange Commission (SEC) brought a lawsuit against Californian FinTech firm Ripple over the allegedly illegal sales of XRP (which it considers to be an unregistered security). Prior to founding macro economic and investment […]

Ripple Proposes a ‘Real Approach’ to Cryptocurrency Regulation

San Francisco-based FinTech firm Ripple recently explained “how existing financial regulatory frameworks can be usedto advance innovation and enhance consumer and market protections.” In a three page document published by Ripple, the Californian firm described its “vision of a pragmatic regulatory framework for cryptocurrencies, blockchain-enabled payments and digital assets.” Ripple mentioned that it hopes for […]

FDIC Chair Says U.S. Banks Should Be Allowed to Hold Crypto

Federal Deposit Insurance Corporation (FDIC) Chair Jelena McWilliams said earlier this week that U.S. banks should be allowed to hold cryptoassets. The Federal Deposit Insurance Corporation (FDIC) is “an independent agency created by Congress to maintain stability and public confidence in the nation’s financial system.” To achieve its goals, the FDIC “insures deposits; examines and […]

Mike Novogratz: $XRP Community ‘Damn Resilient’ in the Face of SEC’s Lawsuit

Billionaire investor Mike Novogratz  says a “new phenomenon” of community resilience has led XRP’s price to triple despite an ongoing lawsuit by the U.S. Securities and Exchange Commission (SEC).  Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a diversified financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain […]

Shark Tank Star Kevin O’Leary Explains How the U.S. Will Regulate Stablecoins

Celebrity investor Kevin O’Leary (aka “Mr. Wonderful” on ABC TV series “Shark Tank“) recently talked about how he thinks the U.S. will regulate stablecoins in the future. In an interview with Kitco News on October 6, O’Leary said he was open to crypto regulations and welcomed the input of government bodies to provide institutional investors with […]

What SEC Chair Gary Gensler Is Saying About Crypto and How It Should Be Regulated

The U.S. Securities and Exchange Commission (“the SEC”) Chairman Gary Gensler has expressed his thoughts on the crypto space quite a few times since he was sworn into office on April 17. Gensler was nominated by President Joe Biden to Chair the U.S. SEC on February 3, confirmed by the U.S. Senate on April 14, […]

How Texas Is Planning to Become a Leader in the Use of Blockchain Technology and Cryptocurrency

The state of Texas is reportedly aiming to become a world leader in blockchain technology in general and cryptoasset mining in particular following the latest crypto crackdown in China.  According to a report by Forbes published yesterday (October 2), former U.S. Army Captain Lee Bratcher, who is the Founder and President of the Texas Blockchain […]

Shark Tank Star Predicts Bitcoin ETFs Will Lead to Trillion Dollar Inflow

Celebrity investor Kevin O’Leary (aka “Mr. Wonderful” on ABC TV series “Shark Tank“) recently predicted that a trillion dollars could flow into Bitcoin with the approval of an exchange-traded fund (ETF).  Speaking in an interview with CNBC, O’Leary said the U.S. Securities and Exchange Commission (SEC) approving a Bitcoin ETF could lead to “another trillion dollars” […]

El Salvador: Bitcoin Day ‘One Giant Leap for Mankind’? Starbucks Accepts BTC Lightning Payments

On 7 September 2021, also known as “Bitcoin Day” in El Salvador, Bitcoin became legal tender in the small Central American. Bitcoin advocate Jack Mallers called this day “One small step for Bitcoin, one giant leap for mankind.” So how did we get here? It all started on June 5 when Zap Solutions (a Bitcoin […]

El Salvador: ‘Buying the Dip’, McDonald’s Accepting Bitcoin via Lightning Network

Three months ago, this small Central American nation passed a bill to make Bitcoin legal tender. Today, that law became effective, and President Nayib Bukele announced that his country had taken advantage of the flash crash to buy more Bitcoin. It all started on June 5 when Zap Solutions (a Bitcoin payments startup that uses […]

U.S. SEC Signs Deal With Blockchain Firm To ‘Analyze and Trace Smart Contracts’

The U.S. Securities and Exchange Commission (SEC) has reportedly signed a six-figure deal with a blockchain analytics startup AnChain.AI in order to be able to better monitor and regulate the fats-growing decentralized finance (DeFi) space. AnChain.AI was founded by Dr. Victor Fang (who is the CEO) and Ben Woo (who is the COO). Fang, who […]

SEC Chair Wants ‘Additional Plenary Authority’ To Regulate Crypto Trading and Lending

On Wednesday (August 11), American attorney John E. Deaton, the Managing Partner of the Deaton Law Firm, as well as the Founder of CryptoLaw, talked about the significance of the recent written communication between Senator Elizabeth Warren and Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC). Gensler was nominated (on 3 […]

U.S. Senate Fails To Give Crypto Industry Amendment to Infrastructure Bill. Now What?

On Monday (August 9), Jerry Brito, Executive Director at the DC-based crypto think tank Coin Center, delivered the bad news that the U.S. Senate had failed to amend the wording of the crypto tax reporting section of the infrastructure bill. Earlier in the day, U.S. Senators Rob Portman (R-OH), Mark Warner (D-VA), Pat Toomey (R-PA), Kyrsten Sinema […]

SEC Chairman Calls on U.S. Congress to Grant Increased Crypto Oversight

The U.S. Securities and Exchange Commission (SEC) Chairman has called upon Congress for additional legislative authority in order to protect cryptoasset investors.  Speaking at the Aspen Security Forum, SEC Chair Gary Gensler outlined his views on digital assets and the crypto industry, saying that investors needed more protection.  Gensler, who taught a course on blockchain […]

U.S. Lawyer on SEC’s Lawsuit Against Ripple Over Sale of XRP: ‘This Is a War’

Late last week, American attorney James K. Filan, who has been following the SEC’s lawsuit against Ripple, explained to XRP HODLers and other interested parities why they should not be expecting some kind of settlement any time soon. Filan is the founder of Filan LLC. He “represents individual and corporate clients in federal white collar […]

What Binance Is Doing To Be More Compliant With Local Regulations

On Tuesday (July 27), crypto exchange Binance announced a number of steps it is taking to improve the company’s regulatory compliance. It should be noted that this is just the start and that Binance plans to do even more in the future to make financial regulators around the world happy. Here are the measures that […]

Ripple Handed a ‘Gift’ That Could Help Them Win Against the SEC, Says American Attorney

Jeremy Hogan, a partner at the American law firm Hogan & Hogan, says a recent public statement by two “brave” members of the U.S. Securities and Exchange Commission (SEC) could help Ripple win the lawsuit filed against them by the SEC in December 2020. On 22 December 2020, the SEC announced that it had “filed an action […]

Former CFTC Chair: ‘A Bitcoin ETF Would Be Good for Investors and Regulators’

On Wednesday (July 7), Timothy Massad, who served as the Chairman of the Commodity Futures Trading Commission (CFTC) under President Obma, said that granting conditional approval to a Bitcoin exchange-traded fund (ETF) would help both investors and the crypto industry. Here is what Massad wrote in an op-ed piece (published yesterday) for Bloomberg about the […]

Bitwise CEO on Crypto: Regulation Is ‘The Single Biggest Driver of the Bull Market’

On Tuesday (June 29), Matt Hougan, CIO at Bitwise Asset Management, the world’s largest crypto index fund manager, talked about the present and the future of the crypto markets. His comments about crypto were made during an interview on “Bloomberg Technology“, a daily news program on Bloomberg Television hosted by Emily Chang. Below are a […]

Bitcoin Becoming Legal Tender in Paraguay? ‘Impossible’, Says Congressman

On Friday (June 25), Paraguayan congressman Carlos Rejala, who on June 17 got the crypto community excited when he tweeted about upcoming Bitcoin-related legislation, now says that he was not talking about making Bitcoin legal tender in his country. According to a report by Reuters, El Salvador President Nayib Bukele announced during a national address on Thursday (June 24) […]

Bitcoin and Open Banking Pioneer ‘Mode Global Holdings’ Achieves Major Milestone

On Thursday (June 24), FinTech group Mode Global Holdings (“Mode”) announced that it had become the only company listed in the London Stock Exchange (LSE) to receive from the UK’s financial regulator an Electronic Money Institution (EMI) licence and an AMLD5 registration. This article explains why this is important for both Mode and its customers. […]

Millions of People in El Salvador Could Soon Receive Free Bitcoin

According to a report by Reuters, El Salvador President Nayib Bukele announced during a national address on Thursday (June 24) that the bill to make Bitcoin legal tender will become effective on September 7. As you may remember, the “Bitcoin Law” got passed by the Legislative Assembly on June 9. Here are a few highlights from President […]

Mike Novogratz on Bitcoin: ‘Less Happy’ Now Than When $BTC Was Above $60K, but ‘Not Nervous’

On Tuesday (June 22), the day that the Bitcoin price briefly fell below the psychologically-important $30K level, billionaire investor Mike Novogratz explained why his long-term bullishness on Bitcoin is justified. Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a diversified financial services and investment management innovator in the digital asset, cryptocurrency, and […]

VanEck CEO Explains Why the U.S. SEC ‘Should Approve a Bitcoin ETF’

On Tuesday (June 22), Jan F. van Eck, the President and CEO of global investment manager Van Eck Associates Corporation (“VanEck” for short), explained why it is important for the U.S. Securities and Exchange Commission (SEC) to “approve a Bitcoin ETF.” His comments came just six days after the SEC delayed for the second time […]

Denmark’s Largest Bank Clarifies Its Position on Crypto

On Friday (June 18), Copenhagen-headquartered Danske Bank A/S published an article to clarify its position on “trading and investing in cryptocurrencies”. The bank started this article by acknowledging the value in blockchain technology and cryptocurrencies: “Cryptocurrencies represent a significant digital innovation in financial services and we recognise that there is a significant global market for crypto […]

World Bank Says It Can’t Help El Salvador With Regard to Bitcoin

According to a report by Reuters, the World Bank says it cannot help El Salvador with the implementation of Bitcoin as legal tender. On June 9, the proposed bill to make Bitcoin legal tender in the small Central American nation got passed by the Legislative Assembly (with 62 out 84 voting in favor of it). […]

Dutch Finance Minister on Crypto: ‘Supervision Is More Effective Than a Total Ban’

Last week, Dr. Pieter Hasekamp, the Director of the CPB Netherlands Bureau for Economic Policy Analysis (“CPB” for short) called for a complete ban on crypto; however, finance minister Wopke Hoekstra does not agree. Here is a little information about the CPB and its goals: “Literally translated, CPB stands for ‘Central Planning Bureau’. This has […]

CFTC Commissioner Dan Berkovitz Is Concerned About Decentralized Finance (DeFi)

During a speech on Tuesday (June 8), Dan M. Berkovitz, one of the five commissioners of the Commodity Futures Trading Commission (CFTC), shared his concerns about Decentralized Finance (DeFi). The CFTC is “an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of […]

Donald Trump on Bitcoin: “Essentially It’s a Currency Competing Against the Dollar”

On Monday (June 7), former U.S. President Donald Trump called Bitcoin a “currency” during an interview with Stuart Varney on Fox Business show “Varney & Co.“. Near the end of the interview, this is what Trump had to say about investing in the stock market and in Bitcoin: “I have not invested in the stock […]

‘Bitcoin Will Be Remembered for Pushing Central Banks To Adopt Digital Money’, Says CEO of Europe’s Largest Asset Manager

The chief investment officer (CIO) of Amundi, which claims to be Europe’s largest asset manage (with 1.755 trillion euros in assets under management as of 31 March 2021, talked about Bitcoin during a recent press conference. According to a article by Newsweek (which used a report by Reuters as the source) published on Thursday (June […]

U.S. Lawyer Explains Significance of Judge Netburn’s Latest Ruling for Ripple

On Sunday (May 30), Jeremy Hogan, a partner at the law firm Hogan & Hogan, talked about Magistrate Judge Sarah Netburn’s latest ruling in the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs. On 22 December 2020, the SEC announced that it had “filed an action against Ripple Labs Inc. and two of its […]

Bitcoin Mining Crackdown in China: Fake News or Something To Be Concerned About?

This article takes a closer look at recent reports coming out of China about potential upcoming regulations that could result in a a partial or total ban on Bitcoin mining in that country. Tuesday’s Announcement by Three Chinese Self-Regulatory Organizations Last Tuesday (May 18), Shanghai Securities News (SSN), “China’s leading financial newspaper and the China […]

Coinbase CFO and CEO on Dogecoin, Demand From Institution Investors, Future of Crypto

On Thursday (May 13), Coinbase Global, Inc. (NASDAQ: COIN) released its Q1 2021 Shareholder Letter and had its Q1 2021 Earnings Call and Q1 2021 Analyst Q&A Call. In this article, we highlight some of the more interesting comments made by CEO Brian Armstrong and CFO Alesia Haas. Support for Dogecoin CEO: “We plan to […]

Not Just XRP That Bothers SEC: Gensler Says ‘A Lot of Crypto Tokens’ Are Securities

Last Friday (May 7), Gary Gensler, the recently appointed Chair of the U.S. Securities and Exchange Commission (SEC), talked during an interview with CNBC about the need for “greater investor protection” in the crypto markets. According to a press release by the U.S. SEC, Gensler was “nominated to Chair the SEC by President Joseph R. […]

Ripple CEO: U.S. Is ‘Only Country on the Planet That Has Viewed XRP as a Security’

Ripple CEO Brad Garlinghouse says the ongoing lawsuit involving XRP is a threat to the innovation being generated by cryptocurrency. Last week, during an interview with Fox Business, the Ripple CEO talked about the lawsuit brought against his firm last December by the U.S. Securities and Exchange Commission (SEC). He said:  “It’s so important for […]

China’s Central Bank Regards Bitcoin as an ‘Investment Alternative’

Li Bo, deputy governor of the People’s Bank of China (usually abbreviated to “PBoC” or “PBC”) recently called Bitcoin ($BTC) an “investment alternative.” According to a report by The Block, when asked last Sunday — during a panel hosted by CNBC at the Boao Forum for Asia — if China intended to maintain its stance […]

Cardano ($ADA) Founder Charles Hoskinson on Upcoming Crypto Regulations

On Monday (April 19), Charles Hoskinson, Co-Founder and CEO of IOHK, the company responsible for building Cardano, explained why he believes that the Biden-Harris administration could introduce cryptocurrency-related legislation in the coming months. Hoskinson made these comments during a video he released on his popular YouTube channel yesterday. Hoskinson started by mentioning that according to a breaking […]

Turkey’s Ban on Using Crypto for Payments: A Blessing in Disguise?

Many cryptocurrency fans were dismayed to discover on Friday (April 16) that Turkey’s central bank has banned the use of cryptoassets for payments. However, the author of The Bitcoin Standard says that this might be a blessing in disguise. According to a press release by the Central Bank of the Republic of Turkey that came […]

XRP Price Goes Over $0.72 for First Time in 2 Months, Now Up 212% in 2021

On Monday (April 5), on crypto exchange Bitstamp, the XRP price reached an intraday high of $0.72557 at 04:50 UTC. This is the highest price XRP has seen since February 1. According to data by TradingView, currently (as of 08:15 UTC on April 5), XRP is trading around $0.68584, which means that in the past […]

Attorney Kevin Chen: SEC Does Not Fully Understand Ripple’s ‘Fair Notice’ Defense

Earlier this week, Kevin Chen, an attorney at Homiak Law LLC, took a closer look at the “fair notice” defense used by Ripple Labs in the lawsuit (over the sale of XRP tokens) brought against it by the U.S. Securities and Exchange Commission (SEC). Homiak Law is “a full-service boutique law firm that specializes in […]

Ripple Executives Call Investigation Into Personal Finances an ‘Overreach’

The legal team for Ripple co-founders Brad Garlinghouse and Chris Larsen have argued investigations into personal finances are irrelevant to the SEC’s ongoing lawsuit.

Ripple’s “Fair Notice” Defenses Are “Improper”, Says SEC to Judge for XRP Lawsuit

The SEC says Ripple has acted “legally improper” in its fair notice defense against its pending lawsuit, while arguing against the blockchain company’s motion to dismiss the case.

Ripple Issues Official Response to SEC Allegations Over XRP

The San Francisco-based FinTech firm Ripple has issued an official response to the allegations of U.S. Securities and Exchange Commission (SEC) allegations over the illegal sale of XRP.  According to court documents filed on March 4 in the United States District Court for the Southern District of New York, Ripple has adamantly refuted allegations put forth by […]

Former London Stock Exchange CEO Touts Crypto Adoption in Post-Brexit UK

Former London Stock Exchange CEO Xavier Rolet called upon the UK government to leverage its independence from Brexit in order to create progressive policies on crypto-asset adoption.

MoneyGram Says It ‘Has Suspended Trading on Ripple’s Platform’

On Monday (February 22), MoneyGram International, Inc. (NASDAQ: MGI), made an important announcement regarding its partnership with Ripple Labs. Californian FinTech company Ripple announced on 17 June 2019 that it entered into a strategic partnership with MoneyGram, one of the world’s largest money transfer companies. Here is how Ripple’s blog post explained the deal: “Through this partnership, which will […]

Former SEC Chair Mary Jo White on SEC’s XRP Lawsuit: ‘Dead Wrong Legally and Factually’

In a recent interview, Mary Jo White, a former Chair of the United States Securities and Exchange Commission (SEC) and United States Attorney for the Southern District of New York talked about the SEC’s lawsuit against Ripple Labs. Ms. White is currently a litigation partner in the New York office of Debevoise & Plimpton, and […]

Former SEC Exec: There Is ‘A Good Chance’ SEC Loses Lawsuit Against Ripple Over XRP

In a recent interview, Joseph A. Hall, a former executive at the U.S. Securities and Exchange Commission (SEC), explained why “there’s a good chance” his former employer loses its lawsuit against Ripple Labs. Hall has been partner in U.S. law firm Davis Polk since September 2005. Before that, between October 2003 and June 2005, he was […]

Ripple Responds to SEC Lawsuit By Questioning Ethereum’s Legitimacy

Blockchain payments firm Ripple responded to allegations by the SEC regarding the illegal sale of XRP, inquiring why ethereum did not constitute a breach in securities law.

Novogratz: SEC ‘Backwards’ on Bitcoin ETF, New Chairman More ‘Attuned’

Galaxy Digital CEO Mike Novogratz said the SEC has been historically backwards on crypto regulation, which has hurt retail investors.

Janet Yellen Writes: It’s ‘Important We Consider the Benefits of Cryptocurrencies’

Former Federal Reserve Chair Dr. Janet Yellen, the person widely expected to be the next U.S. Treasury Secretary, acknowledged the benefits of cryptoassets in her written response to one of the questions from Tuesday’s U.S. Senate confirmation hearing. Yellen “served as the Chair of the Federal Reserve from 2014 to 2018, and as Vice Chair from 2010 to […]

Fidelity Digital Assets: What Crypto Regulations to Expect Under Biden Administration

On Thursday (January 21), Tom Jessop, President of Fidelity Digital Assets, talked during an interview about potentially upcoming regulations that the crypto community could expect to see under the Biden administration. On 15 October 2018, Boston-headquartered American multinational financial services company Fidelity Investments announced via a press release the launch of a new company, Fidelity Digital Asset Services, […]

Bitcoin Whale Moves $500 Million Following BTC Price Surge to $40,000

A bitcoin whale transferred 12,598 BTC, worth roughly $500 million, in three anonymous transactions as the coin’s price surged above $40k.

Ripple CEO Answers Some Frequently Asked Questions About U.S. SEC’s Lawsuit

On Thursday (January 7), Ripple CEO Brad Garlinghouse, answered five of the most frequently asked questions about the action filed last month by the U.S. Securities and Exchange Commission (SEC) against Ripple, himself, and Chris Larsen. As every XRP HODLer must know by know, on 22 December 2020, one day before former SEC Chairman Jay […]

XRP Supporters’ Petition to the White House Hits 36,000 Signatures

A White House petition has generated more than 36,000 signatures asking the federal government to consider XRP as a currency.

U.S. Treasury’s Brian Brooks: ‘Nobody Is Going to Ban Bitcoin’

On Friday (December 4), during an interview on CNBC’s “Squawk Box“, Brian P. Brooks, Acting Comptroller (since May) at the Office of the Comptroller of the Currency (OCC), said that “nobody is going to ban Bitcoin.” Brooks is currently also a member of the Board of Directors of Federal Deposit Insurance Corporation (FDIC). Between September 2018 and […]

What Biden’s Pick for Treasury Secretary Has Said About Bitcoin and Blockchain

This article looks at what Former Federal Reserve Chair Dr. Janet Yellen, the person who is expected to be the next U.S. Treasury Secretary, has said in the past about Bitcoin and blockchain technology. On November 23, the Wall Street Journal (WSJ) reported that President-elect Joe Biden will nominate Yellen to become his secretary of […]

U.S.-based Users Given 14 Days to Get Off Binance

Cryptocurrency exchange Binance has begun clamping down on US-based clients, giving them fourteen days to transfer their funds away from the platform.

Newly-Elected U.S. Senator Explains on TV Why Bitcoin Is a Good Store of Value

On Friday (November 13), Cynthia Lummis, the newly-elected U.S. senator for the state of Wyoming, spoke about Bitcoin on live TV during an interview with ABC News. The 66-year conservative Republican, who was endorsed byPresident Donald Trump, was declared the winner of the U.S. Senate race in Wyoming on November 3, thereby becoming Wyoming’s first […]

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