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BitClout Founder Al-Naji Faces Charges Over $257 Million Fraud Scheme

The US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) charged Nader Al-Naji with orchestrating a multi-million-dollar fraudulent crypto asset scheme involving the social media platform BitClout and its native token BTCLT. The securities regulator’s complaint revealed that Al-Naji raised over $257 million through unregistered offers and sales of BTCLT in November […]

Spot Ethereum (ETH) ETFs Set to Launch Within a Week, According to Industry Sources

According to a Reuters report, three industry sources indicate that spot Ether exchange-traded funds (ETFs) are expected to begin trading on July 23. The sources also mention that the U.S. Securities and Exchange Commission (SEC) has granted preliminary approval for at least three of eight asset managers to release the spot Ether ETFs. Will Spot […]

Ripple (XRP) Price Soars Almost 30% Weekly: ‘God Candles’ Incoming?

TL;DR XRP saw a notable price increase recently, outperforming major cryptocurrencies. Certain analysts predict additional gains if the asset maintains key resistance levels. Is XRP Poised for Further Gains? The cryptocurrency sector experienced a significant rally in the past few days, with its global market capitalization surpassing the $2.4 trillion mark (per CoinGecko’s data). Many […]

House Fails to Overturn Biden’s Veto on Crypto Custody Guidance, SEC Offers New Path

The Security and Exchange Commission’s accounting bulletin 121 (SAB 121) requires companies, including banks, to hold crypto assets for clients as a liability on their balance sheets. This makes it inefficient for large banks to offer crypto custody services. Both the House and Senate passed a bipartisan Congressional Review Act (CRA) resolution to nullify this guidance, […]

Judge Criticizes Coinbase’s Attempt to Subpoena SEC Chair Gary Gensler

In a July 11 hearing, Judge Katherine Polk Failla expressed skepticism about Coinbase’s efforts to subpoena SEC Chair Gary Gensler in the ongoing SEC case against the cryptocurrency exchange. As detailed by Inner City Press, the hearing showcased Coinbase’s persistent efforts to acquire Gensler’s communications, including statements made before he became SEC Chair in 2021. […]

Can XRP Price Reach $1 in July if the Ripple v SEC Case Ends This Month? (ChatGPT Speculates)

TL;DR ChatGPT is optimistic that XRP’s price could rise significantly if Ripple wins its lawsuit against the SEC. The legal battle continues with discussions on the potential fines the company might face, impacting the timeline and outcome of the case. What are XRP’s Chances? Ripple’s XRP has seen better days since its price dipped substantially […]