Ripple Challenges $2B SEC Fine, Argues for $10M Maximum Penalty
Ripple, a cross-border payment protocol, disputed the SEC’s $2 billion fine request, advocating for a maximum penalty of $10 million. They argue the fine is excessive. Protocol for cross-border payments Ripple challenged the request of the United States Securities and Exchange Commission (SEC) to sanction the blockchain company $2 billion, arguing that the maximum penalty […]
Coinbase Hints at Possible Release of Smart Wallet
Coinbase launches a testnet-compatible smart wallet for a seamless and secure user experience, offering incentives for early adopters and exclusive developer sessions. One of the foremost cryptocurrency exchanges, Coinbase, has made a smart wallet available on testnet with universal compatibility. The smart wallet is designed to provide platform users with a streamlined and secure transaction […]
SEC Lawyers Resign Following Crypto Case’s ‘Gross Abuse’ of Power
Two SEC lawyers reportedly resign following district court sanctions for “gross abuse” of power and acting in “bad faith” in a crypto case. Following a district court sanctioned the United States Securities and Exchange Commission (SEC) for “egregious abuse” of authority and “bad faith” conduct in a cryptocurrency case, two SEC attorneys reportedly tendered their […]
Ripple CTO Challenges Bitcoin Consensus Rules
Ripple’s CTO, David Schwartz, challenges the belief that Bitcoin’s hash power determines control over its name, sparking discussions on authority in defining Bitcoin. Ripple’s Chief Technology Officer, David Schwartz, has highlighted an issue concerning the centralization of Bitcoin (BTC) hash power. Through his intervention, Schwartz challenges the prevailing notion that the authority to control the […]
Magic Eden Introduces Bitcoin Runes Platform
Magic Eden, a leading NFT marketplace, launches its Bitcoin Runes platform ahead of schedule, enabling BTC transfers and direct purchases of Runes and Ordinals with Magic Eden wallets. A notable participant in the NFT market, Magic Eden, has unveiled its most recent development—a platform for Bitcoin Runes. The platform, initially planned for launch on April […]