SEC hints at potential appeal to XRP ruling from Ripple Labs lawsuit

SEC hints at potential appeal to XRP ruling from Ripple Labs lawsuit

The United States Securities and Exchange Commission (SEC) has suggested it may appeal a recent ruling in its case against Ripple Labs, which deemed XRP (XRP) not to be a security when sold to…

AI Detection Tools Are Useless, New Study Reveals

AI Detection Tools Are Useless, New Study Reveals

Artificial intelligence’s sophisticated advancements have given rise to Large Language Models (LLMs) such as ChatGPT and Google’s Bard. These entities can generate content so human-like that it challenges the conception of authenticity. As…

US Justice Department to double its crypto team, target ransomware crimes

US Justice Department to double its crypto team, target ransomware crimes

The United States Department of Justice (DoJ) has said it will double the number of staff on its crypto crime team established in 2021. The unit will add to its number of acting…

US Crypto Regulation Could be a Step Closer With This New Bill

US Crypto Regulation Could be a Step Closer With This New Bill

House Republicans have proposed a crypto regulation framework that would bring more clarity to the sector, which is currently under siege in the United States. Regulatory proposals have been coming thick and fast…

FedNow Service has no relation with CBDCs, Federal Reserve clarifies

FedNow Service has no relation with CBDCs, Federal Reserve clarifies

The Federal Reserve of the United States clarified that its new service for instant payments between organizations — FedNow Service — has no relation with central bank digital currencies (CBDCs). The Federal Reserve…

Meta Unveils Open-Source AI Model Llama 2 With Microsoft

Meta Unveils Open-Source AI Model Llama 2 With Microsoft

Social media giant Meta has revealed the next generation of its open source LLM Llama 2. It will work with Microsoft to bring the technology to more businesses and researchers. Meta and Microsoft…

Robert F. Kennedy Jr. vows to back US dollar with Bitcoin if elected president

Robert F. Kennedy Jr. vows to back US dollar with Bitcoin if elected president

Democratic presidential candidate Robert F. Kennedy Jr. has promised to progressively back the United States dollar with Bitcoin (BTC) if he is elected president.  Speaking at a July 19 Heal-the-Divide PAC event, Kennedy…

Dollars Backed by Bitcoin Is the Latest Vision of Democrat RFK Jr.

Dollars Backed by Bitcoin Is the Latest Vision of Democrat RFK Jr.

American Presidential candidate Robert F. Kennedy Jr. has come up with a bold plan to use Bitcoin to back U.S. dollars. Kennedy also wants to make Bitcoin profits exempt from capital gains taxes….

Marathon shareholders file lawsuit against company’s top management

Marathon shareholders file lawsuit against company’s top management

A United States-based crypto mining company, Marathon Digital, heads to court, as its shareholders allege that CEO Fred Thiel, alongside other top executives, committed a breach of fiduciary duties, unjust enrichment and waste…

Justin Sun Accused of Secretly Acquiring TUSD

Justin Sun Accused of Secretly Acquiring TUSD

In a lawsuit, the founder of Archblock claims that Justin Sun secretly purchased quantities of the stablecoin True (TUSD). Tron founder Sun has battled rumors and speculation that he has been the secret…

FSB finalizes its recommendations for a global crypto framework

FSB finalizes its recommendations for a global crypto framework

The Financial Stability Board (FSB) — an international organization that monitors the global financial system — has come up with a global regulatory framework for crypto. The guidelines recommended to the 20 leading…

Binance Lightning Network Opens Deposits & Withdrawal Channels

Binance Lightning Network Opens Deposits & Withdrawal Channels

Binance users will now be able to deposit and withdraw Bitcoin on the Lightning Network. The exchange announced on July 17 that it had integrated the scaling solution. Binance has completed the integration…

Senator Lummis urges clear crypto regulations after XRP ruling

Senator Lummis urges clear crypto regulations after XRP ruling

United States Senator Cynthia Lummis has taken to Twitter to emphasize the significance of a recent court ruling by Judge Analisa Torres, which declared that Ripple’s XRP (XRP) token should not be considered a security…

Ripple’s XRP Market Cap Drops Following Market Volatility

Ripple’s XRP Market Cap Drops Following Market Volatility

Ripple’s XRP has returned to its previous position as the fifth-largest cryptocurrency by market capitalization, following an approximately 8% dip within the last 24 hours. The digital asset had enjoyed a 96% surge…

SEC accepts BlackRock’s Bitcoin ETF application, signaling regulatory review

SEC accepts BlackRock’s Bitcoin ETF application, signaling regulatory review

The United States Securities and Exchange Commission (SEC) has accepted https://www.sec.gov/rules/sro/nasdaq.htm application for a spot Bitcoin (BTC) exchange-traded fund (ETF) following its acknowledgment of a similar application by Bitwise the day before. The…

Report Highlights Growing Money Laundering Problem in Crypto

Report Highlights Growing Money Laundering Problem in Crypto

Dirty money is pouring into the crypto industry at an alarming rate, according to a new study. More than a quarter (28 percent) of crypto firms have reported a rise in the number…

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