CRYPTO

CoinGecko's CTO and COO commented that while the platform hasn't said anything yet about its plans, Community Points might be "something to monitor in the coming months."

District Judge Analisa Torres referred the SEC vs. Ripple case to Judge Netburn for General Pretrial, which includes scheduling, discovery, non-dispositive pretrial motions and settlement.

Several factors could be credited for the revived interest of investors in Bitcoin, including the spot BTC ETF application of Wall Street giants led by BlackRock.

By leveraging the power of distributed ledger technology (DLT), the travel industry could follow suit, overcome some of its longstanding challenges and enhance the experience for consumers, service providers, and partners in one fell swoop.

Last week, Ripple Labs scored a major victory for the cryptocurrency industry in its legal battle against the financial regulator after the court ruled that institutional sales of XRP violated federal securities law but programmatic sales and sales on exchanges did not fall as a sale of securities.

It appears that the ongoing lawsuit does not discourage Musk from doing what he is usually doing, and that is, shilling Dogecoin at every chance he gets.

It is worth noting that Celsius Network already announced its reorganization plan in June, and has requested the court's approval to convert all of its altcoin holdings, except those in Custody and Withhold accounts.

Reports indicate that House Republicans are initiating an investigation into financial giants BlackRock and Vanguard. This move comes after U.S. presidential candidate Vivek Ramaswamy exposed alleged connections between these companies and the White House.

Although Bitcoin rallied last week due to the landmark decision of the court about the classification of Ripple Labs' native token XRP and other positive events, the maiden crypto saw some corrections after, which triggered the price of the crypto asset to trade above $30,000.

"You never could have said to them, 'Hey, you guys need to register as a securities exchange.' That was within the power of the SEC to do, was it not, " Judge Failla said, highlighting that it made sense for Coinbase to assume that it was in the clear since it received no warning from the SEC before its IPO.

BlackRock's Larry Fink believes cryptocurrencies have the ability to someday "transcend" all traditional currencies, about six years after he criticized digital assets, saying they could be used for money laundering activities.

According to Garlinghouse, "the SEC 'sowed confusion' in the market." He noted that the financial regulator "knew there was confusion, and they actually did things that they knew would increase confusion."

Binance's legal troubles are mounting, and recent reports suggest the company is reducing its workforce in the thousands days after a string of executive exits.

A sizable quantity of research has been done on the topic of the growth of the industry from a range of perspectives. Many individuals have succeeded in the cryptocurrency sector and left a lasting legacy. Notably, men have undoubtedly made pioneering contributions to the crypto field; however, some women, sometimes referred to as "crypto queens," have also been crucial to its advancement.

MultiChain also assured to refund users and asked that they "revoke app approvals to Multichain immediately."

FTC said the fine imposed on Celsius Network would be "suspended to permit Celsius to return its remaining assets to consumers in bankruptcy proceedings."

Bitcoin, Ether and the broader cryptocurrency market saw significant levels of gains after Ripple Labs bagged a major victory in court Thursday.

US prosecutors arrested the former head of Celsius Network on fraud charges on Thursday, a year after the cryptocurrency platform filed for bankruptcy protection while owing investors $4.7 billion.

The court's ruling Thursday is crucial for the cryptocurrency industry since it would help determine how crypto assets should be viewed under the U.S. Securities law.

A few months after the firm received special approval from the U.S. Securities and Exchange Commission, lawmakers are now asking the financial regulator to investigate the business' ties with China.

The Bitcoin stash might have come from the government's biggest seizure in November 2021, during which the authorities confiscated around $3.36 billion in BTC from hacker James Zhong.

The analyst also shared a chart showing Huobi BTC collateral over time (as a percentage of peak balances). It highlighted a troubling trend of declining Bitcoin reserves at the exchange.

As part of the new policy, Google requires "apps [to] be transparent with users about tokenized digital assets," especially if a game or an app allows users to earn.

"This kind of behavior not only undermines the trust and integrity of the cryptocurrency community but also puts innocent investors at risk," the Shiba Ecosystem marketing specialist told IBT.

The $103 million transfer consisted of $USDC: $23,999,250, $fUSDT: $29,657,932 , $WBTC: $2,139,053, $WETH: $17,168,126, $ETH $10,102,001 and $DAI : $2,994,317.

According to Ripple CTO David Schwartz, Judge Analisa Torres might deliver her verdict by the end of September 2023.

"This is the second case we are announcing this week to shed light on fraud in the cryptocurrency and digital asset ecosystem," U.S. Attorney Damian Williams said.

Several financial powerhouses, including Blackrock, have petitioned the SEC to offer financial products centering on crypto.

It is worth noting that in Sam Bankman-Fried's inner circle, Salame was the first one to jump ship and blew the whistle when FTX started catching fire in November last year.