A legal expert has outlined how the SEC’s lawsuit against Ripple over XRP could end within days, but a major hurdle—navigating the court’s injunction—may complicate the resolution. Ripple’s Legal Battle With SEC Over XRP Could Be Over in Days—If This Condition Is Met Legal expert Jeremy Hogan has weighed in on speculation surrounding the U.S. […]

A recent Reuters report reveals that China holds 15,000 bitcoin ( BTC) confiscated through criminal investigations. However, officials are currently entangled in deliberations over how to handle these digital assets, as cryptocurrency trading remains prohibited in the country. Local Governments in China Sit on Bitcoin Fortune, Face Legal and Strategic Gridlock Reuters reports that municipal […]

A recent social media post by President Santiago Peña announcing the enactment of bitcoin as Paraguay’s legal tender, shook the crypto community. Nonetheless, this turned out to be a scheme by attackers who gained control of the account and tried to take advantage. Attackers Compromise Paraguay’s President X Account, Announce Bitcoin as Legal Tender Paraguay […]

XRP has experienced a significant 35% price increase over the past month, now trading at $3.05. This surge is attributed to heightened institutional interest, substantial whale accumulation, and optimism surrounding Ripple's legal case with the SEC. Investors are anticipating an August 15 SEC status report that could resolve the long-standing lawsuit. Such a resolution might lead to increased institutional adoption and the approval of XRP spot ETFs. Whale wallets have recently acquired over $60 million worth of XRP, indicating strong positive market sentiment. CoinShares reports significant inflows into XRP investment products, with whale trackers confirming large transactions. The potential approval of XRP spot ETFs by an October 17 deadline is a major catalyst, as policy changes have removed logistical hurdles. ETF approvals could reduce XRP's circulating supply and drive further price gains. The XRP Ledger's utility is also expanding with the integration of an Ethereum-compatible sidechain for DeFi development. The XRPL is also facilitating asset tokenization, notably with a large tokenized U.S. Treasury bill product. Despite ambitious price predictions, XRP's solid technical structure and ecosystem growth support a positive long-term outlook, with $3 potentially being a last entry point before further upward movement.

A Hong Kong court successfully executed an injunction against two cryptocurrency wallets using tokenized technology. This precedent-setting move involved serving the order, which froze $2.66 million worth of tether stablecoins. Execution of Tokenized Notice Boosts Hong Kong’s Tech Appeal In what has been described as a precedent-setting move, a court injunction issued by a Hong […]

The SEC is pausing lawsuits against Binance and Coinbase, sparking speculation on whether Ripple could be next—potentially signaling a shift toward clearer crypto regulations. Crypto Crackdown Unraveling? SEC Pauses Cases—But What About Ripple? The U.S. Securities and Exchange Commission (SEC) is prioritizing cryptocurrency cases with imminent court deadlines while pausing others, Fox Business journalist Eleanor […]

Nigeria’s government has accused Binance of facilitating terrorism and kidnapping financing through illicit fund transfers on its cryptocurrency exchange platform. Binance Faces Increasing Legal Challenges in Nigeria Prior to the Nigerian government’s crackdown on Binance, kidnapping gangs and terrorists funneled illicit funds through the cryptocurrency exchange, Information Minister Alhaji Mohammed Idris recently stated. Idris said […]

Coinbase just scored a massive legal win as Vermont rescinds its case on staking services, reinforcing that staking is not a security. This marks another major setback for regulators trying to rein in crypto. Vermont Drops Case Against Coinbase, Strengthening Crypto’s Legal Standing Coinbase Global Inc. and Coinbase Inc. have secured a significant legal victory […]

Congress passed a reform that modifies the so-called “Bitcoin Law” in El Salvador to comply with the stipulated requirements in the deal inked with the IMF last year. These modifications prepare the country to receive $1.4 billion in a credit facility. El Salvador Passes Bitcoin Law Reform, BTC Acceptance Is Now Voluntary El Salvador, a […]

Changpeng Zhao's X profile change from "ex-@binance" back to "@binance" fueled speculation about his return to a prominent role at Binance. This sparked market reactions, with Binance's token BNB experiencing price increases following the rumors. Binance is reportedly in talks with the US Justice Department about potentially ending its three-year compliance monitor ahead of schedule. The 2023 settlement included a $4.3 billion settlement and conditions to strengthen Binance's controls. While removing the monitor is possible, legal restrictions tied to the settlement currently limit CZ's ability to run or manage the exchange. These constraints prevent a full operational comeback as CEO unless legal actions modify the terms. Legal analysts have emphasized the importance of these ongoing legal agreements. CZ has recently been publicly discussing the BNB ecosystem and plans for a BNB Treasury, suggesting a potential expanded public role. Some analysts view the profile change as symbolic, aimed at reassuring traders and investors. Despite the market buzz, CZ's potential comeback remains legally complex, and a full return seems uncertain.

According to Beugelmans’ Linkedin profile, he spent three years and eight months at the exchange.

The new chief legal officer, Linda Lacewell, is said to be restructuring the firm's legal and compliance divisions, according to a source familiar with the situation.

The firms are driven by compelling mutual benefits: Galaxy gains extra staking business and BitGo customers are able to use staked assets as collateral for loans and trading.

Vietnam and Pakistan are emerging as leaders in crypto adoption, with Vietnam's Law on Digital Technology Industry categorizing crypto as a distinct, regulated asset class, providing stability and boosting investor confidence. Pakistan is developing frameworks and planning a national Bitcoin reserve, showcasing how Bitcoin and blockchain technology can help emerging economies fuel innovation. The moves in Vietnam and Pakistan reflect a global trend of leveraging digital assets to level up economically. Emerging economies are pushing the limits of crypto's potential, which could send leading altcoins soaring. Bitcoin Hyper, Uniswap, and Snorter Token are top altcoins that could benefit from growing global adoption. Bitcoin Hyper builds a Layer 2 on top of Bitcoin, enabling lightning-fast transaction resolution and the ability to build out an entire DeFi ecosystem on Bitcoin. Uniswap is a leading DEX with a market cap of $4.91B and is eligible for the US Digital Assets Stockpile. Snorter Token facilitates lightning-fast swapping with the lowest fees possible on Solana, and could benefit from the growing meme coin market. As countries like Vietnam and Pakistan take the lead in embracing crypto, the message is clear: digital assets are no longer just speculative tools, but strategic economic levers. The next wave of growth could be here, with foundational DeFi tokens, revolutionary Layer-2s, and cutting-edge trading tools leading the way.

YouTube video by TENERIFEWEEK

Since July 23, XRP has traded below $3.40, a dip attributed to reports that a wallet linked to Ripple’s co-founder dumped millions of tokens. However, one expert believes improving liquidity and institutional interest could support the digital asset’s continued rally. Post-ATH Struggles and Wallet Dump Allegations After dropping below $3.4 on July 23, XRP has […]

Vietnam’s Prime Minister Pham Minh Chinh has instructed the Ministry of Finance and the State Bank of Vietnam to draft regulations for digital assets and currencies, with a proposal expected in March. This directive, part of Directive No. 05, aims to drive economic growth to at least 8% in 2025. Despite the absence of a […]

Ripple Labs and the US Securities and Exchange Commission have officially ended their protracted legal battle. Both parties have agreed to drop their respective appeals, concluding a nearly five-year dispute. This resolution dismisses the SEC's challenge to the ruling that XRP sales on public exchanges were not securities. Ripple, in turn, withdrew its appeal concerning institutional sales violating securities laws. The case's conclusion finalizes penalties totaling $125 million, with $50 million going to the US Treasury and $75 million returned to Ripple. A permanent injunction remains in place, preventing Ripple from making institutional XRP sales without adhering to securities laws. The litigation began in December 2020, with the SEC alleging unregistered securities offerings. A July 2023 ruling found institutional sales of XRP to be securities, but retail sales were not. This shift in the case's outcome is influenced by a change in political leadership and the SEC's subsequent softened approach to crypto regulation. Following the news, XRP experienced a significant price surge, indicating renewed investor confidence.

XRP's price slipped to around $2.22 on July 7, which many crypto backers believe is undervalued. They point to XRP's speed, ability to handle thousands of transfers per second, and growing list of real-world partnerships as reasons for its undervaluation. The global remittance industry is projected to grow from $783 billion in 2024 to $1.06 trillion by 2029, with XRP potentially capturing 25% of that market. If XRP's market cap is valued at twice its annual volume, similar to big payments firms, its market cap would hit $534 billion, making each coin worth $8.90. Ripple has been expanding its global ties, lining up deals in countries with high remittance volumes, where XRP's speed and efficiency could push adoption higher. Legal clarity in the US, treating XRP sales as not being securities, has boosted confidence among investors and opened the door for more banks and payment companies to adopt XRP. Based on network-value math, XRP could jump to $8.89, but crypto markets often bid up tokens beyond simple models, potentially pushing XRP to $35.56 by 2029. However, key risks and variables, such as market sentiment, token emissions, and regulatory risks, could impact the price. On the other hand, more use cases, like tokenized assets or on-demand liquidity, could boost real-world volume and push the price even higher. Overall, XRP's potential to capture a significant share of the remittance market and its growing list of partnerships make it an attractive investment opportunity.

Pakistan is set to legalize cryptocurrency and implement a regulatory framework to attract foreign investment, according to Bilal bin Saqib, the country’s newly appointed crypto advisor. With millions of Pakistanis already engaged in crypto, the government seeks to establish clear guidelines to support growth and innovation. Pakistan Moves to Regulate Cryptocurrency for Foreign Investment Pakistan […]

The Securities and Exchange Commission has dismissed its claim that Nova Labs, creators of Helium, sold unregistered securities. This decision confirms that Helium Hotspots and tokens like HNT, IOT, and MOBILE are not considered securities. Legal Uncertainty Removed The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its claim that Nova Labs, the […]

The company’s top lawyer was picked to take the reins as the exchange focuses on “global growth and innovation while maintaining regulatory compliance.” Kucoin’s Top Lawyer Promoted to CEO Seychelles-based cryptocurrency exchange Kucoin appointed its former Chief Legal Officer BC Wong as CEO, according to a press release provided to Bitcoin.com. The eight-year-old firm which […]

The initiative seeks to bring clarity to the cryptocurrency industry in Colombia, which is currently in a gray area despite growing adoption. Proponents of the project have remarked on the need to define an institution to oversee these activities and establish rules for institutions to follow. Congress Seeks to Give Legal Status to Cryptocurrency Assets […]

Under newly enacted legislation in Hungary, digital asset traders using “unauthorized” cryptocurrency exchanges could face up to two years in prison, with harsher penalties for larger transactions. Crypto Firms Eye Exit Amidst Legal Uncertainty Hungarian digital asset traders using “unauthorized” cryptocurrency exchanges face up to two years in prison under newly enacted legislation. Those conducting […]