Author name: c2q3c

Stuart Alderoty, the chief legal officer of Ripple Labs, as well as members of the XRP (XRP) community, have expressed their support on X (formerly Twitter) for United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce’s stance against perceived “injustice” in the LBRY lawsuit. Alderoty thanked Peirce and suggested that when ongoing injustices occur in …

Ripple exec and XRP community back SEC commissioner’s LBRY lawsuit dissent Read More »

In response to the widespread interest and concern generated by its proposed crypto reporting regulations, the Internal Revenue Service (IRS) has decided to extend the comment period by an additional two weeks. This move grants stakeholders more time to express their opinions, with the new deadline of November 13, 2023. Previously, stakeholders were required to …

IRS Extends Comment Period for Crypto Reporting Regulations Amid Public Interest Surge Read More »

Sam Bankman-Fried denied defrauding FTX users during his ongoing criminal trial on Oct. 27. Meanwhile, cryptocurrency hardware wallet provider Trezor is investigating a recent phishing campaign and nonfungible token (NFT) firm Yuga Labs has been awarded approximately $1.6 million in damages over a long-running lawsuit against NFT artists Ryder Ripps. SBF denies defrauding investors Sam …

Here’s what happened in crypto today Read More »

U.S. Deputy Treasury Secretary Wally Adeyemo confirmed in a speech on Friday that crypto plays a relevant, but still relatively minor role in global terrorist financing operations. His comments bear a stark contrast to claims from a massive lineup of congresspeople earlier this month, asserting that crypto is responsible for over $130 million in Hamas …

Crypto Isn’t Primarily Responsible For Terrorist Financing, Says US Treasury Official Read More »

Google has doubled down on its artificial intelligence bets by investing another $2 billion into AI startup Anthropic, according to a new report. Google has already invested $500 million upfront to Anthropic — a rival to ChatGPT creators OpenAI — and will pay off the remaining $1.5 billion over time, according to an Oct. 27 …

Google to invest another $2B in AI firm Anthropic: Report Read More »

The Australian Federal Police (AFP) has uncovered a money laundering syndicate, named the Long River syndicate, which is alleged to have utilized the Changjiang Currency Exchange as a front for laundering around $229 million in illicit funds over the past three years. As part of Operation Avarus-Nightwolf, a series of targeted raids were executed, confiscating …

AFP Raids Bust Currency Exchange Laundering Nearly $230M in Illegal Funds Read More »

The Wall Street Journal (WSJ) has partially corrected an article whic mischaracterized the extent to which Hamas and other militant groups have been funding its terrorism activities with cryptocurrencies. The Oct. 10 article — titled “Hamas Militants Behind Israel Attack Raised Millions in Crypto” — cited blockchain forensics firm Elliptic to say Palestinian Islamic Jihad …

Wall Street Journal corrects article misciting Hamas’ crypto terrorism funding data Read More »

Crypto exchange Kraken has confirmed that it plans to close all trading, deposits, and withdrawals for Tether USD (USDT), Wrapped Bitcoin (WBTC), and other reserve-backed assets in Canada. The suspension follows a similar stablecoin clampdown at other Canadian exchanges, amid regulatory guidance pertaining to the legal standing of such tokens. No More Value-Pegged Tokens At …

Kraken To Suspend All USDT, WBTC Deposits In Canada Read More »

Hester Peirce of the United States Securities and Exchange Commission (SEC) has issued a dissenting opinion on the regulator’s lawsuit against blockchain firm LBRY. In an Oct. 27 statement, Peirce described feeling “unsettled” following the SEC’s enforcement action against LBRY in March 2021. In November 2022, a judge ruled in favor of the SEC, stating …

‘The market could have decided’ Read More »

Digital asset custodian Atato announced a strategic integration with Cronos Chain and the XRP Ledger. The main objective of the partnership is to make a substantial influence through its innovative Bring-Your-Own-Chain (BYOC) feature. The integration is expected to boost both the DeFi and GameFi sectors while simultaneously strengthening the XRP Ledger’s (XRPL) role in the …

Atato Forms Strategic Integration with Cronos Chain and XRP Ledger for Digital Asset Custody Read More »