With just one day until the Hinman documents are due to be unsealed, Ripple CEO Brad Garlinghouse suggests the documents will be “well worth the wait.” In a June 12 Twitter reply to a question raised by crypto YouTuber Jungle Inc, Garlinghouse said that while he did not want to “overstep,” both he and Ripple’s chief legal officer Stuart Alderoty see…
Ordinals gave Bitcoin a way for creators to “inscribe” NFT-like digital media and later meme tokens on the Bitcoin blockchain—but along with substantial growth has come the same kinds of scams and exploits that have thrived on other platforms. Last week, the Ordinals space saw what is being described by some users as its largest such attack to date. On…
Retail trading platform eToro has halted purchases of Algorand (ALGO), Decentraland (MANA), Polygon (MATIC), and Dash (DASH) for customers in the United States in response to their labeling as securities in recent SEC lawsuits. The move comes just a few days after competitor Robinhood also halted support for MATIC and two other SEC-deemed securities — Cardano (ADA), and Solana (SOL). In a…
Following months of attacks against the crypto industry by the U.S. Securities and Exchange Commission (SEC), two Republican congressmen have decidedly had enough of the agency’s chairman. “Today I filed the SEC Stabilization Act to restructure the SEC and fire Gary Gensler,” announced Warren Davidson (R-OH) on Twitter Monday. “U.S. capital markets must be protected from a tyrannical Chairman, including…
Third time’s the charm? For the third time since January, another solo Bitcoin miner struck digital gold, solving a block worth 6 BTC, or around $160,000. The independent miner solved a block that generally would take several years to do using limited processing power. Identified by the tag 151XTfHBfaDqoNWGGeYobNX2YzFFWuB5YD, the miner solved the 275th block of the Bitcoin blockchain on…
The University of Toronto plans to launch an independent XRP Ledger (XRPL) validator, Ripple announced June 12, as the university will become part of Ripple’s University Blockchain Research Initiative (UBRI). The partnership will support blockchain and crypto technology research at the university. The partnership will also advance Ripple’s XRPL Campus Ambassador program, which “aims to elevate the impact of college…
Have no fear if you couldn’t find your favorite crypto subreddit on Monday—you probably weren’t shadowbanned. A significant portion of crypto’s online community is participating in a so-called “Reddit blackout” today, as moderators temporarily close shop for at least 48 hours in protest of upcoming changes at the social media juggernaut. Planned changes to Reddit’s API pricing would reportedly hurt…
United States-based crypto exchange Binance.US has reportedly hired a former enforcement official from the Securities and Exchange Commission (SEC) as part of the legal team to defend itself against allegations of operating as an unregistered securities exchange. According to a June 12 report from Bloomberg, Binance.US has hired former SEC enforcement co-director George Canellos with the international law firm Milbank…
Financial trading platform eToro said Monday that U.S. customers can no longer purchase Algorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC), starting next month—as the Securities and Exchange Commission’s regulatory double-tap echoes throughout the financial services industry. Among 24 tokens listed on eToro’s U.S.-facing crypto platform, the tokens to be dropped were labeled as securities by America’s financial watchdog…
On June 12, Polygon Labs announced “Polygon 2.0,” a set of upgrades that seeks to establish the “Value Layer” of the internet, which the company says will allow users “to create, exchange, and program value.” 1/ Our vision for Polygon is simple: to build the Value Layer of the Internet. The Internet allows anyone to create and exchange information. The…
