The institutional sale of the XRP tokens did violate federal securities laws, a court ruled as it granted a motion for summary judgment in part on Thursday. Source
The United States Attorney for the Southern District of New York and Federal Bureau of Investigation have announced fraud charges against the former CEO of bankrupt crypto lender Celsius, Alex Mashinsky. In a July 13 announcement, the U.S. Justice Department said it had charged Mashinsky with securities fraud, commodities fraud and wire fraud related to allegedly defrauding customers and misleading them about Celsius’ “success, profitability, and the nature of the investments” the platform made with user funds. However, authorities said they had reached a “non-prosecution agreement” with Celsius, which “agreed…
Ripple Labs scored a victory in the United States District Court in the Southern District of New York on July 13 as Judge Analisa Torres ruled in favor of the company in a case brought forth by the Securities and Exchange Commission dating back to 2020. According to documents filed on July 13, Judge Torres has granted summary judgement in favor of Ripple Labs allowing that the XRP (XRP) token is not a security. The SEC lawsuit sought to compel Ripple to stop offering its XRP token under the premise that…
The product was approved by the South American country’s National Securities Commission in April. Original
Bitcoin (BTC) looked set to challenge range highs on July 13 as fresh macroeconomic data boosted risk asset bulls. BTC/USD 1-hour chart. Source: TradingView PPI shows U.S. inflation retreating beyond expectations Data from Cointelegraph Markets Pro and TradingView followed the market as the BTC price focus shifted above $30,500. PPI inflation leads CPI by a few months… and today’s PPI numbers have YoY running at +0.24% Almost in deflation! Fed pivot anyone? https://t.co/oM4ck5Vgwy pic.twitter.com/Xl78ohLzOM — tedtalksmacro (@tedtalksmacro) July 13, 2023 United States Producer Price Index (PPI) numbers released on the…
Discover the transformative potential of ChatGPT in daily life and explore its various applications that are unlocking new possibilities. As technology continues to evolve, ChatGPT is getting a lot of attention for various reasons. For instance, ChatGPT can introduce users to a variety of game-changing applications that can improve everyday life and revolutionize interactions with technology, such as serving as a virtual assistant, reshaping customer support, language translation, content generation and more. Simply add the appropriate prompt to your chat, and the artificial intelligence (AI) will handle it. ChatGPT as…
The United States Federal Trade Commission has issued a $4.7-billion fine against bankrupt crypto lender Celsius Network. However, the judgement will be suspended to “permit Celsius to return its remaining assets to consumers in bankruptcy proceedings.” According to the July 13 announcement, Celsius and its affiliate companies will be permanently banned from “offering, marketing, or promoting any product or service that could be used to deposit, exchange, invest, or withdraw any assets.” The New Jersey-based firm marketed a variety of cryptocurrency products and services to consumers, such as interest-bearing accounts,…
Welcome to the world of Web3 Development – a realm where the future of internet technology is evolving, transforming how we interact on a digital platform. If you’ve ever found yourself curious about the technologies driving the next generation of the internet, then strap in, because this insightful guide is your passport to a new digital frontier. Perfectly curated for beginners, we will embark on a journey to demystify blockchain, cryptocurrencies, decentralized networks, and much more. Get ready to unmask the enigmatic world of Web3 Development, where you are not…
While Switzerland has been popular among the wealthy for its prowess in banking, the country has also been slowly welcoming those who mainly want to use Bitcoin (BTC) as an alternative form of money. Cointelegraph reporter Joseph Hall spoke with Pietro Poretti, the director of the economic development division of the city of Lugano. They discussed various topics including how to set up a company using Bitcoin in the city of Lugano, the state of crypto adoption in the city, and the possibility of getting a residence permit in the…
The Diabolic Drive’s name sounds as ominous as its potential payload. The recently developed USB wireless keystroke injection tool is intended to stress test networks, but could it potentially be used as a means to steal cryptocurrency from unwitting users? The new gadget is set to be used by cybersecurity experts to test networks and business infrastructure against threats. As recent reviews highlight, the 64GB drive is Wi-Fi enabled once plugged into a system, allowing a user to access the connected device remotely. According to a hardware review by Geeky-gadgets,…