Author: Rubab Fatima

U.S. Judge Jed Rakoff challenges a previous Ripple ruling, bringing XRP’s regulatory status into contention. Dive into the recent courtroom developments and their potential implications for the crypto industry. New York, August 1, 2023 – In a ruling that could have profound implications for the crypto industry, U.S. Judge Jed Rakoff of the Southern District of New York has taken a stance at odds with a prior judgment involving Ripple’s XRP token. Judge Rakoff Denies Terraform’s Motion, Questions Ripple Ruling On July 31, Judge Rakoff rejected a motion to dismiss fraud allegations against Terraform Labs and its CEO, Do Kwon,…

Is it time to invest in Shiba Inu (SHIB)? Amidst market volatility, investors weigh the potential of meme coins in the anticipated 2023 bull run. Dive deep into expert analyses and trends to make an informed decision. Market fluctuations have investors on the edge, wondering whether it’s the right moment to dive into meme coin investments, particularly the trending Shiba Inu (SHIB). With 2023 predicted to be a bullish year, the need for guidance in this speculative territory is higher than ever. The Shiba Inu Debate The 2023 bull run is right around the corner, and investors are strategizing to…

Ripple judge declares certain XRP token sales by cryptocurrency companies not subject to securities laws, marking a court victory. In a significant legal win for cryptocurrency companies pushing back against U.S. regulatory oversight, Ripple Labs, the blockchain payment firm, received a landmark ruling from a federal judge on Thursday.  U.S. District Judge Analisa Torres in New York determined that certain digital token sales conducted by Ripple were not in violation of securities laws, contrary to the allegations made by the U.S. Securities and Exchange Commission (SEC). The SEC had sued Ripple Labs for allegedly conducting an unregistered offering of $1.3…

Is Binance truly misusing user funds or are the accusations merely spreading fear, uncertainty, and doubt? The exchange finds itself under scrutiny amidst allegations regarding the handling of user funds. Cinneamhain Ventures CEO, Adam Cochran, expressed his criticism of Binance, the largest cryptocurrency exchange, on Twitter, labeling it as a Ponzi scheme. Cochran accused the exchange of having significant issues across multiple assets, suggesting that CEO Changpeng Zhao’s mistakes should not burden the customers, even though all funds have not disappeared at this point. The controversy arose when Binance announced on June 29 that it would offer BCH/TUSD and CFX/TUSD…

Arbitrum DAO locks $770 million in ARB tokens in a vesting agreement, impacting ARB holders with conditions and restrictions. The goal is to promote stability, reduce market volatility, and sustain the ecosystem. Recently, Arbitrum DAO made progress in removing a barrier. According to a community request, the DAO has agreed to lock 700 million ARB tokens, worth an estimated $770 million, under a vesting contract to promote open governance and accountability.  An upgrade proposal that was submitted during a controversial time in the Arbitrum ecosystem led to the approval for this pledge. In accordance with this commitment’s specifications, these funds…

Amidst a significant rally, PEPE, the meme coin in the spotlight, achieved a remarkable feat by reaching a 2-month high. Market participants have seized the opportunity to cash in on the asset’s momentum, attracting attention to the potential profitability of meme coins. PEPE, the meme coin that has been under the spotlight recently, managed to achieve a remarkable feat as it clinched a 2-month high amidst a significant rally. This recent surge has attracted the attention of market participants who have capitalized on the asset’s momentum to rake in profits. PEPE Achieves Remarkable Feat With 2-Month High Amidst Significant Rally…

Ethereum’s Staked Surge Sets New Record as Investors Flock to Beacon Deposit Contracts In the wake of the implementation of the Shanghai upgrade, which streamlined the process of withdrawing staked Ethereum (ETH), a growing number of individuals are choosing to secure their funds in beacon deposit contracts. This trend is evident from the significant surge in staked Ethereum since the upgrade, resulting in the establishment of a new record. In more specific terms, the quantity of Ethereum that has been staked has reached an unparalleled height, exceeding 25.8 million ETH.  According to recent data shared in a tweet by CryptoRank,…

Covert crypto malware infiltrates the popular Super Mario franchise, posing an unexpected threat to gamers. Hackers exploit its renewed popularity, compromising personal computers and silently compromising sensitive information, revealing the dark side of the gaming realm. According to a recent report by Cyble Research & Intelligence Labs, hackers are taking advantage of the renewed popularity of the Super Mario Bros. franchise to covertly introduce stealthy crypto malware onto the personal computers of unsuspecting gamers. The fan-made game “Super Mario 3: Mario Forever” includes, unbeknownst to users, an XMR miner, SupremeBot mining client, and the Open-source Umbral stealer, in addition to…

CACEIS Bank secures French crypto custody license, ensuring compliance with strict regulations and positioning itself for European market compliance and growth. CACEIS Bank, the asset servicing division of well-known European banks Crédit Agricole and Santander, has successfully secured a crypto custody licence in France, according to the official website of France’s financial regulator. The licence, issued by the Financial Markets Authority (AMF) on June 20, is CACEIS Bank’s official registration as a supplier of “digital asset custody” services and confirms that it is now authorised to transact in digital assets. AMF Checks And Stricter Regulations: CACEIS Bank’s Timely Registration And…

Bridging Traditional Finance and Decentralized Crypto: The Role of CEXs in Balancing Decentralization, Adoption, and Market Dynamics Centralized crypto exchanges remain essential in connecting traditional finance with decentralized cryptocurrencies, but challenges lie ahead. The zero-sum nature of derivatives trading and the need for continuous adoption and capital infusion pose hurdles to the industry’s growth. In the cryptocurrency market, where value is subjective, trading occurs based on expectations rather than intrinsic worth, emphasizing the importance of ongoing adoption and cautious investment. The derivatives market operates on a zero-sum principle, where gains for one participant correspond to losses for another. This competitive…