Ripple CEO Brad Garlinghouse recently expressed his dissatisfaction with the U.S. Securities and Exchange Commission’s (SEC) actions towards the cryptocurrency industry. He believes that the regulatory agency’s approach has failed in protecting investors and is stifling growth. Speaking at the Ripple Swell conference in Dubai, Garlinghouse questioned the SEC’s focus and raised concerns about who
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The cryptocurrency market has seen a surge in the price of Solana (SOL), the cryptocurrency that powers the high-performance, smart-contract-enabled Solana layer 1 blockchain protocol. Over the past week, SOL has experienced a 44% rally, testing the $60 mark. Currently, SOL/USD is trading around $59.5, showing a 5% increase for the day. However, the price
In a devastating blow to decentralized finance (DeFi) platform Raft, a hacker managed to steal approximately $3.3 million worth of Ethereum (ETH). However, what initially seemed like a successful heist quickly turned sour for the attacker. Despite successfully draining 1,577 ETH from Raft, they faced a setback as they sent 1,570 ETH to a burn
Ripple, the blockchain-based payment protocol, has been in a heated legal battle with the US Securities and Exchange Commission (SEC) over the classification of its native cryptocurrency, XRP. In a recent interview with CNBC, Ripple CEO Brad Garlinghouse highlighted three consecutive victories for the company in the legal proceedings. The first win came on July
In a groundbreaking announcement on November 9th, cryptocurrency exchange Coinbase revealed a new feature that promises to revolutionize the way users verify their accounts and access additional benefits. This new system allows users to attest their account and country credentials on-chain, providing them with a highly sought-after “trusted badge” that grants access to a range
Apecoin (APE) has experienced a significant downturn, with a drop of 10% in its price. This has left Apecoin holders feeling dejected and questioning the future prospects of ApeCoin. The token saw a brief resurgence in recent weeks, with a rally of 46% from rock-bottom levels, providing some hope for investors. However, this positive momentum
South Korea’s leading crypto exchange, Upbit, and its parent company, Dunamu, have recently celebrated a victory as the nation’s Supreme Court acquitted Dunamu’s Chairman Song Chi-hyung of fraud charges. The charges were related to allegations of manipulating platform data by creating fake member accounts on Upbit to artificially boost trading volumes. This article delves into
Bitcoin (BTC) has once again defied expectations and made a surprising turn of events by reaching a new yearly high. After a brief consolidation phase, the leading cryptocurrency regained its bullish momentum and skyrocketed to a peak of $38,000 before momentarily retracing to its current trading level of $36,400. This unexpected surge has ignited speculation
The European Parliament recently announced its approval of the Data Act, a legislation that covers various aspects, including regulations for smart contract development. This article delves into the potential implications of the Data Act on the blockchain sector, as well as the concerns raised by industry members. With a majority vote of 481 in favor
FTX’s native token, FTT, experienced an impressive surge of almost 90% within a 24-hour period, reaching a nine-month high of $2.33. This price rally was triggered by the suggestion of SEC Chair, Gary Gensler, who hinted that the insolvent exchange could potentially be revived under the right leadership. Gensler emphasized the importance of operating within
