Ripple and MoneyGram have ended their partnership agreement, according to an announcement made earlier today. However, according to Ripple CEO Brad Garlinghouse, the two parties remain “committed to revisiting our relationship in the future.” The decision to cut ties with each other came on the back of MoneyGram suspending its trading activities on Ripple’s On-DemandContinue reading “Ripple, MoneyGram end partnership citing ‘lack of crypto reg framework’”

Bitcoin has been on a virtually unstoppable rally since October 2020, with the cryptocurrency touching an all-time high of over $58,000 a few weeks ago. At press time, however, the market-leading digital asset was trading at around $48,400 after a serious bout of volatility. It can be argued, however, that the aforementioned value is stillContinue reading “Bitcoin: Why institutional investors aren’t worried about BTC’s price”

Mike Novogratz thinks Mark Cuban’s decision to let people buy Dallas Mavericks tickets and merchandise with Dogecoin is a mistake. In an interview earlier today, the Galaxy Digital CEO told Bloomberg, “I think Mark’s making a mistake there. He’d be better off with 15 other different ways to pay for his tickets.” The exec alsoContinue reading “Mark Cuban’s Dogecoin decision is a mistake: Mike Novogratz”

The process of Bitcoin replacing gold in portfolios is accelerating, according to analysts from Bloomberg. A recent market report by Bloomberg explored the question of whether Bitcoin is making gold redundant. According to the same, Bitcoin is gaining legitimacy with its declining volatility, when compared to other asset classes that are noting the opposite. InContinue reading “Bitcoin non-allocators may be at greater risk, say analysts”

A court in the U.S State of Delaware has rejected Tetragon Financial Group Ltd’s request for an order requiring Ripple to redeem the Series C preferred stock held by Tetragon. “This ruling, coupled with a separate filing the SEC made today, should put to rest any confusion. The SEC has NOT determined that XRP isContinue reading “Ripple cites Tetragon verdict to stress XRP’s status has not been determined yet”

Yearn Finance and Cover Protocol have parted ways, according to an announcement made earlier today. Yearn Finance announced the end of the merger process between the two, clarifying that yVault depositors who have already purchased Cover protection would be unaffected by this. The aforementioned merger was initially announced in November 2020, with Cover intended toContinue reading “Yearn Finance, Cover Protocol announce termination of merger process”

A Hong Kong-based cryptocurrency exchange could be Futbol Club Barcelona’s next shirt sponsor. According to a report by La Vanguardia, the deal could be worth over 60 million Euros a year, a figure that amounts to over $70 million. It has been speculated that DSDAQ is the entity in question, with the crypto-platform reportedly backedContinue reading “Hong Kong-based crypto-exchange could be FC Barcelona’s t-shirt sponsors”

Weeks after the United States’ Securities and Exchange Commission filed an amended complaint in its lawsuit against Ripple Labs, the latter has now filed an official response, with the same asserting that the SEC is picking virtual currency winners and losers by exempting Bitcoin and Ether from the scrutiny of similar regulations. According to Ripple,Continue reading “SEC’s actions caused $15 billion in damages to XRP holders: Ripple”

Beijing-based Bitcoin mining company, Bitmain has officially replaced its general manager and executive director. The legal representative of Bitmain is now Micree Zhan after its former CEO Jihan Wu withdrew from the position. The official transition took place earlier today, with the same a result of an agreement reached by the two founders in DecemberContinue reading “Bitmain transition complete after Micree Zhan officially replaces Jihan Wu”

Kraken CEO Jesse Powell believes that Bitcoin will soon replace all of the world’s currency. In an interview with Bloomberg on Thursday, Powell said that Bitcoin would soon be worth the market cap of the U.S dollar and the Euro combined, with the exec predicting that the digital asset’s value could surpass the value ofContinue reading “Kraken is ‘certainly on track to go public:’ CEO Powell”

Balancer’s programmable liquidity will now be deployed on the Polkadot ecosystem. The deployment is a result of a collaboration between Moonbeam and Parity and Balancer Labs’ grant funding for exploring experimental deployments of the Balancer protocol to alternative Layer 1 blockchains. According to an announcement released earlier in the day by Moonbeam, “This move addsContinue reading “Moonbeam, Parity announce collaboration to port Balancer to Polkadot”

Ripple CEO Brad Garlinghouse has filed a motion to dismiss the SEC’s amended complaint against him, calling it “regulatory overreach.” The exec took to Twitter to announce his position on the SEC’s charges against him and Ripple Labs Inc. by sharing a link to the letter filed on his behalf, saying that “it speaks forContinue reading “Ripple CEO files motion to dismiss SEC complaint citing ‘abuse of prosecutorial discretion’”