Ripple vs the United States Securities and Exchange Commission case may just get extended as the latter requested the Court to extend the expert rebuttal report deadline to 12 November. Meanwhile, the regulators have also appealed to push the discovery deadline to 14 January. According to the filing provided by CryptoLawUS, the plaintiffs noted thatContinue reading “XRP lawsuit: SEC seeks extension of rebuttal report, discovery deadline”

Just yesterday, Russian President Vladimir Putin signaled a tolerance for cryptocurrencies like Bitcoin for transferring funds. Today, the Head of the central bank’s financial stability department is evaluating the amount of Bitcoin held by local investors. Bank of Russia’s Elizaveta Danilova is in the news today after she revealed that she is checking up withContinue reading “Bank of Russia now evaluating Bitcoin investments of citizens”

The SEC v. Ripple Labs lawsuit is in the news today after yet another crucial development. According to the latest updates from the court, the regulators have responded in opposition to Ripple’s motion to seal transcripts of audio and video recordings from internal meetings. As per the filing shared by @CryptoLawUS, the SEC claimed thatContinue reading “SEC v. Ripple Labs: Agency opposes motion to seal documents citing ‘influence’”

As the crypto-industry continues to expand rapidly, interoperability has emerged as an important aspect for any new or old project. Realizing the growing need for cross-chains, Nervos, a public blockchain backed by China Merchants Bank International and Sequoia China, has now announced the launch of “Force Bridge” on its mainnet. According to Nervos, the ForceContinue reading “Nervos now connected to Ethereum, but here’s what’s next”

Bitcoin is not a new name for most nations by now. Owing to the popularity of Bitcoin, cryptocurrencies have also become quite popular and many countries were now moving to either regulate it or just place an outright ban. Then there was El Salvador that was embracing Bitcoin to a whole new level by declaringContinue reading “What concerns the Bank of Spain regarding Bitcoin and El Salvador”

Ripple has been leading many different projects in the cryptocurrency industry and now it was moving to help various countries with CBDC solutions. The blockchains solution company had earlier discussed talking to different nations about central bank digital currency. And it looks like it has managed to not only convince but lead them on theContinue reading “Ripple to assist UK, among other countries, on its path to CBDC”

The United States of America has emerged to be one of the leading countries for Bitcoin mining after China banned its participation and involvement in crypto. It has been a surprising turn of events since until recently, crypto-enthusiasts in the U.S were worried about losing out to the world amid its regulatory pace. Nevertheless, theContinue reading “USA gains dominance as Bitcoin mining demographics change again”

Prominent cryptocurrency exchange Coinbase secured a partnership with UnitedMasters to offer artists the option to be paid in a cryptocurrency of their choosing. This was the means through which the cryptocurrency exchange was trying to spread its presence in the mainstream artistic field through its new payroll product. As per the official release about theContinue reading “Coinbase to help artists with new partnerships, NFT platform”

Binance had to pump its brakes on operations in China amid the growing crackdown in the country. Following the decision to wind down services in China, Binance has now announced it is delisting the C2C CNY trading zone and user inventory for Mainland China. According to an official statement, “In response to the regulatory requirementsContinue reading “Binance delists CNY trading zone as it stops services for Chinese users”

Bitcoin reclaimed its $1 trillion market capitalization after months of struggle. The low price of Bitcoin was an opportunity for not only institutions but also retail traders to fill their pockets. This was visible in the huge transactions on the blockchain. As highlighted in the data provided by Glassnode, over the past month massive transactionsContinue reading “Ongoing Bitcoin craze could convert institutions into long-term HODLers”

The proposed civil rehabilitation plan for Mt. Gox creditors has now ended. What’s next for them? Most crypto followers may know about the Mt Gox hack, one of the largest cryptocurrency hacks that took place in 2014. The Tokyo-based exchange was robbed of thousands of Bitcoin after which the victims have been stuck in theContinue reading “Mt. Gox: Deadline to vote for civil rehabilitation plan has passed. What next”

Chinese Cryptocurrency mining equipment manufacturer, Bitmain will be taking its business outside China following the crypto ban in the country. The company announced this through a blog post on Sunday, adding, “From October 11, 2021, Antminer will stop shipping to mainland China. For customers in mainland China who have purchased long-term products, our staff willContinue reading “Bitmain will no longer ship Bitcoin mining equipment to China”