Ripple-Linked Wallet Transfers 100Million XRP Tokens
A Ripple-linked wallet recently moved 100 million XRP, valued at approximately $57.92 million, sparking concerns within the community as the deadline for the SEC’s appeal approaches. According to Whale Alert, a renowned crypto tracking platform, an address associated with Ripple substantially transferred XRP on September 19, 2024. The transaction entailed the transfer of 100 million […]
US SEC Fines Flyfish Club $750K for NFT Violations
Flyfish Club raised $14.8 million by selling around 1,600 NFTs, marketed as memberships to an exclusive dining club. In response to Flyfish Club, LLC’s unregistered sale of non-fungible tokens (NFTs), the United States Securities and Exchange Commission (SEC) has issued an order against the company. The judgment has led to a growing disagreement within the […]
Will Robinhood Crypto Launch Its Own Stablecoin?
Amid the increasing popularity of stablecoins, Johann Kerbrat of Robinhood Crypto suggests that a potential stablecoin introduction is near. Johann Kerbrat, Robinhood Crypto’s General Manager, suggested that the company may create its stablecoin during a recent podcast with Tony Edward (Thinking Crypto). Kerbrat discussed the significance of stablecoins and their role in the crypto space, […]
Ex-SEC Officials To Testify at SEC Crypto Hearing
The SEC crypto hearing will include testimony from former US SEC officials who will address concerns regarding the agency’s politicized approach to digital assets. Former high-ranking officials are scheduled to testify in a congressional hearing against the Securities and Exchange Commission (SEC). The SEC crypto hearing, “Dazed and Confused: Breaking Down the SEC’s Politicized Approach […]
Kraken Seeks Jury Trial in SEC Crypto Lawsuit
Kraken is pushing for a jury trial in its ongoing legal battle with the SEC, which a California judge recently allowed to proceed. The exchange joins Binance and Coinbase, who face similar SEC allegations of violating federal securities laws. It appears that the legal dispute between the SEC and Kraken, a significant cryptocurrency exchange, will […]