“The surge was driven in large part by investors who interpreted Judge Torres’ ruling as representing a rejection of the SEC’s argument in the lawsuit it filed against COIN on June 6 that many of the tokens bought and sold in secondary-market transactions on the company’s exchange are unregistered securities,” analysts led by Mark Palmer wrote. Source
A court ruling in favor of Ripple Labs — stating that XRP (XRP) is not a security — reignited the long-lost hype around the ecosystem. Anticipating an influx of scams as the token rallied, defying bearish sentiments, Ripple chief technology officer David Schwartz issued a warning to investors. A two-year-long legal battle between the United States Securities and Exchange Commission (SEC) and Ripple partly concluded on July 13, with its XRP token shaking off the “securities” label in a decision by the United States District Court for the Southern District…
The court’s decision weakens the SEC’s stance that the securities law is clear and no separate clarity is required for digital assets, the report said. Source
CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal
Rep. Torres (D-N.Y.) requested investigations into the SEC granting a special purpose broker-dealer (SPBD) licence to Prometheum, “a trading digital assets platform that does not trade digital assets,” under unusual circumstances, and for its failure to create a rigorous but workable process for registering real-world digital assets platforms. Source
XRP’s knocked out BNB as the 4th largest crypto by market cap, after its value surged more than 60% after a partial victory against the SEC. Source
Mashinsky will be restricted from traveling and cannot open new bank or crypto accounts under the deal. His wife will sign the bond, while the other co-signee has not yet been identified, court documents revealed. The bond will also be secured by a financial claim on his New York City home and bank account. Source
Australian-based crypto investment firm Monochrome Asset Management has updated its application to offer a spot Bitcoin (BTC) exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) through its partner Vasco Trustees. The ETF — Monochrome Bitcoin ETF (IBTC) will be able to offer retail Australian investors direct exposure to Bitcoin (BTC) and Ethereum (ETH), according to the firm’s July 14 announcement. Australia joins the #Bitcoin race.#spot #bitcoinetf @MonochromeAsset https://t.co/hqXb9RY5HL pic.twitter.com/KEEXHQ9Eo6 — Jeff (@jeffyew_) July 13, 2023 Speaking to Cointelegraph, Monochrome CEO Jeff Yew explained that by obtaining a license, Australian…
Wallet, a bot within Telegram that lets users transact with crypto like bitcoin (BTC), has introduced a new payment solution rooted in The Open Network (TON) blockchain. Wallet Pay aims to facilitate cryptocurrency payments between customers and businesses directly within the Telegram application. On July 13, Wallet said the new payment functionality is immediately accessible in all regions supported by the wallet service. Presently, this service excludes the United States and countries blacklisted by the Financial Action Task Force (FAFT), such as Iran, Myanmar, and North Korea. Payment for goods and services…
Worldcoin, a cryptocurrency and digital identification project has seen more than two million users sign up to its “global identity protocol” dubbed World ID. According to a July 13 statement, the World ID project — which is still in beta testing— passed two million in less than half the time it took to reach the first million. 2 million strong Thank you to everyone who helped Worldcoin reach this milestone. The timing couldn’t be more appropriate.https://t.co/dXNpb6h2hr — Worldcoin (@worldcoin) July 13, 2023 In a nutshell, World ID aims to offer…