Ripple Lawyers Request “Appropriate” Penalty in SEC Case
The SEC has been pursuing a case against Ripple since Dec. 2020, alleging that the firm used XRP as an unregistered security to raise funds. Following a settlement between the SEC and Terraform Labs, lawyers for blockchain firm Ripple have requested that a court consider an “appropriate” civil sanction in their lawsuit against the United […]
Nigeria Drops Some Charges Against Detained Binance Exec
Nigerian officials have dropped some of the charges against detained Tigran Gambaryan, a family spokesperson announced on June 14. Gambaryan and Binance executive Nadeem Anjarwalla were both exonerated of tax allegations by the Federal Inland Revenue Service (FIRS). Nevertheless, the Economic and Financial Crimes Commission (EFCC) of Nigeria continues to investigate the duo for money […]
SEC Chair Gary Gensler Hints at Delay on Spot Ether ETFs
Gary Gensler has suggested that there might be a delay over final approvals for asset managers offering spot Ether ETFs on exchanges. Gary Gensler, the Chair of the United States Securities and Exchange Commission (SEC), has proposed that there may be a delay in the ultimate approval process for asset managers that offer spot Ether […]
Marathon Digital Sells Over 60% of Its Post-Halving Bitcoin
Mining firm Marathon Digital has sold over 60% of all Bitcoin (BTC) it has mined since the halving took place in late April. Marathon’s monthly report indicates that it sold 390 Bitcoin BTC in May, which accounts for over 63% of its 616 BTC production volume for the month. Marathon’s balance sheet contained $290.4 million […]
Hong Kong Crypto Exchange Licenses Cost
Hong Kong crypto exchange licenses are costing applicants several million dollars, a far cry from the $25 million witnessed a year ago. According to Livio Wang, chief operating officer of HashKey Group, the crypto exchange licenses cost “not necessarily tens of millions of dollars, but certainly tens of millions of Hong Kong dollars [several million […]