CryptoNews

Ripple Asks Court to Reject SEC's $2 Billion Penalty Request in XRP Case – Legal Bitcoin News

April 24, 2024
Ripple Labs has filed its opposition to the request by the U.S. Securities and Exchange Commission (SEC) for the company to pay $2 billion in fines in the XRP case. “The SEC’s draconian remedial requests are ungrounded in law or principle. This court should reject them in their entirety,” Ripple stated. Ripple Files Opposition to ‘SEC’s Draconian Remedial Requests’ On Monday, Ripple…
Read more
CryptoNews

Magic Eden Surges to Top Spot in NFT Market, Records Stellar $756M Trading Volume in March

April 18, 2024
Magic Eden, a Solana-based NFT marketplace, achieved its highest monthly trading volume in March, outpacing Blur with a 194.4% increase to $756.5 million, attributed to its Diamond reward program and support for creator royalties. This surge led Magic Eden to become the top NFT marketplace by trading volume, dethroning Blur for the first time since OKX capitalized on a Bitcoin Ordinals craze last…
Read more
CryptoNews

Bank of Russia Supports Cryptocurrency Usage for International Settlements

April 16, 2024
The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style experimental regime. In contrast, payments with national digital assets will be launched without similar precautions. Bank of Russia…
Read more
CryptoNews

JPMorgan Warns of Downside Risk in Crypto Markets

April 15, 2024
JPMorgan has warned of a downside risk in crypto markets, citing subdued crypto venture capital flows. The global investment bank’s analysts also remain cautious about the U.S. Securities and Exchange Commission (SEC) greenlighting spot ethereum exchange-traded funds…
CryptoNews

Coinbase Challenges SEC’s Definition of 'Investment Contracts' in Crypto Transactions

April 15, 2024
In a recent legal challenge, Coinbase has filed a brief with the Southern District of New York, seeking permission for an interlocutory appeal against the U.S. Securities and Exchange Commission’s expansive interpretation of what constitutes an “investment contract” in digital asset transactions. This pivotal case could set significant precedents for the cryptocurrency industry in the United…
Read more