XRP

Top Stories This Week Paxos ‘categorically disagrees’ with the SEC that BUSD is a security The United States Securities and Exchange Commission (SEC) has defined the stablecoin Binance USD (BUSD) as a security in a Wells Notice sent to its issuer, Paxos Trust Company. The SEC alleges the organization failed to register BUSD under federal

The total crypto market capitalization rejected at $1.13 trillion on Feb. 16, but there was no change in the month-long ascending channel structure. More importantly, this level represents a 43% gain in 2023, which is far from the $3 trillion level achieved in November 2021. Still, the current recovery is notable.  As shown above, the

Ripple has defined Central Bank Digital Currencies (CBDCs) as a key priority in its 2023 projections and goals, and already boasts notable collaborations with several countries. As Bitcoinist reported, in mid-January the fintech company landed the southeastern European country of Montenegro to pilot a digital stablecoin. Already in the second half of last year, Ripple

In this week’s episode of Market Talks, Cointelegraph welcomes Michaël van de Poppe, a full-time day/swing trader in cryptocurrencies based at the Amsterdam Stock Exchange who’s interested in everything related to blockchain in combination with the current financial system. He is also the CEO and founder of Eight Global, a cryptocurrency education and consultancy platform. We kick

Name: Simon DixonAnonymous: NoTwitter Followers: 109.1KKnown for: Co-founder of Bank To The Future and the dude who wrote the first-ever published book on Bitcoin. Who is this guy anyway? Simon Dixon is a true Bitcoin O.G. He is the author of the first-ever published book on Bitcoin in the world Bank to the Future, which

Although all documents have already been submitted in the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) and all eyes are now on Judge Analisa Torres’ decision, there has been a new motion with a potential massive impact. Forbes journalist Dr. Roslyn Layton has filed a motion to intervene, seeking

Ripple announced today that it will join other crypto industry companies in providing funds for earthquake victims in Turkey and Syria. In a tweet, Ripple wrote that it will provide $1 million in XRP to support NGOs. The company, which is awaiting the judge’s decision in its legal battle with the U.S. Securities and Exchange

The decentralized autonomous organization (DAO) behind Lido — the largest Ethereum staking pool — is deliberating whether it should sell or stake the $30 million in Ether (ETH) from its treasury. A proposal was submitted on Feb. 14 by the DAO’s financial unit, Steakhouse Financial that considers four choices, one of which contemplates staking part

The crypto industry will “probably” start using euro, yen, or Singapore dollar based stablecoins in the future, reducing its reliance on US dollar based stablecoins, according to a Feb. 14 statement on Twitter Spaces by Binance CEO Changpeng Zhao, also known as “CZ.” CZ gave the statement in answer to a question about the crypto

Cumulative nonfungible token (NFT) trading volume trended higher in January, and data from a recent Delphi Digital report showed monthly volumes reaching an eight-month high above $1 billion. The key factor that influenced NFT trading was the Blur token airdrop on Feb. 14. Since its launch last year in Q3 2022, Blur has rewarded users

Crypto financial services Matrixport’s head of research believes the recent scrutiny of Paxos and its Binance USD (BUSD) token is not a direct attack on stablecoins themselves.  In a Feb. 14 analysis, Matrixport’s Markus Thielen suggested that Paxos Trust Company, the issuer of the Binance USD (BUSD), may not have been stringent enough with its

Paxos Trust Company has released a statement noting that it “categorically disagrees” with the United States securities regulator which has painted Binance USD (BUSD) as a security.  In the Feb. 13 statement, the BUSD issuer confirmed recent reports that it had received a Wells notice from the United States Securities and Exchange Commission (SEC) over

For readers looking for unique, meaningful gifts for their valentine this Valentine’s Day, consider giving a cryptocurrency-related gift. Here are nine options: A cryptocurrency gift card  Give your significant other the gift of choice by giving them a cryptocurrency gift card. They can use it to buy food or any digital asset they want, whether

The New York Department of Financial Services (NYDFS) has reportedly ordered blockchain company Paxos Trust to stop the issuance of dollar-pegged Binance USD (BUSD) stablecoin.  The New York regulator’s actions come shortly after the United States Securities and Exchange Commission (SEC) issued a wells notice to Paxos — a letter the regulator uses to tell companies of

Recently reported planned enforcement action against Paxos by the United States Securities and Exchange Commission (SEC) over Binance USD (BUSD) has many in the community questioning how the regulator could see a stablecoin as a security. Blockchain lawyers told Cointelegraph that while the answer isn’t black and white, there exists an argument for it if the stablecoin

Bitcoin (BTC) price is trying to recover over the weekend but the current bounce lacks conviction. This suggests that dip buyers are nervous to load up before the release of January’s consumer price index data on Feb. 14 as that could boost short-term volatility.  Although the near term is uncertain, analysts at Delphi Digital expect

For the first time since the 7th century, the paper-money economy found its true competition in the internet era. With Bitcoin’s (BTC) debut in 2010, the fiat ecosystem was not only challenged with proving its worth in day-to-day transactions but also safekeeping the investment ecosystem it helped build. Over the years, the crypto ecosystem attracted

Top Stories This Week Kraken reaches $30M settlement with SEC over staking as IRS seeks user information Kraken has agreed to stop offering staking services or programs to United States clients after reaching an agreement with the U.S. Securities and Exchange Commission (SEC). Along with ceasing operations, the crypto exchange will pay $30 million in

Will 2023 finally see an explosion of crypto gaming? The signs are mixed, with former play-to-earn darling Axie Infinity falling out of favor and hemorrhaging players, while mainstream gamers report that Web3 games still have playability issues. The bright spot is that AAA games are finally starting to emerge in Web3, with projects like Illuvium

Bitcoin (BTC) is beginning its “seventh bull cycle,” and investors should not be scared of crypto post-FTX, Pantera Capital believes. In its latest “Blockchain Letter” on Feb. 8, the asset management firm’s CEO, Dan Morehead, predicted that 2023 would be a “year for rebuilding trust.” Morehead: Crypto assets have “seen the lows” this cycle With