Zimbabwe Defies IMF Directive to Sell Millions of Gold-Backed Crypto Assets; Terms It a Success

The Reserve Bank of Zimbabwe (RBZ) has sold gold-backed cryptocurrencies valued at 14 billion Zimbabwean dollars despite a warning by the International Monetary Fund against adopting the digital currency to address the country’s macroeconomic problems.

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What Are the Consequences of the XRP Lawsuit for Ripple and Token Holders?

This in-depth analysis explores the ripple effects of the SEC's lawsuit against Ripple. It delves into the impact on Ripple's operations, XRP's market status, and the potential redefinition of digital asset regulations and classifications.

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Crypto Analysts Predict XRP Price Rally Against BTC

Market analysts are watching Ripple’s XRP for a potential price surge against the world’s leading digital currency, Bitcoin. XRP, known for its lightning-fast transaction speed and secure blockchain technology, has recently experienced a rollercoaster ride due to its lawsuit with the US Securities and Exchange Commission.

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XRP Holders’ Attorney Supports Chamber’s Allegations of SEC’s Overreach in Digital Asset Industry

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US crypto legislation meets skepticism

In a rare confluence of the U.S. House's key cryptocurrency committees, the question of new digital asset legislation spurred intense debate, pitting the urgency of regulatory measures against concerns over potential leniency.

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US presidential candidate supports Bitcoin, criticizes CBDCs

U. S. presidential hopeful Robert Kennedy Jr. has supported Bitcoin (BTC) while speaking against central bank digital currencies (CBDCs) in a May 5 Twitter thread. According to Kennedy, currency digitization has already given the government unprecedented powers to surveil and control economic life.

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Central Bank Digital Currencies Are Unexpectedly Becoming a Presidential Election Issue

The U.S. has no plans to issue a digital dollar. So why are so many politicians coming out against the idea?

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SEC has 10 days to respond to Coinbase complaint: Legal exec

Coinbase’s legal battle for regulatory clarity over the trading of digital crypto assets saw a development as a U.S. court responded to its complaint against the SEC.

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3AC founders run into fresh trouble in Dubai over new exchange OPNX

Dubai’s digital asset regulator claimed it had sent two cease and desist notices to the exchange in February and an investor alert against it in April.

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Bitcoin Is Winning in the “Revolt” Against the US Dollar

Bitcoin's rising prominence in the global financial landscape signals a potential shift in the balance of power, as the US dollar faces increasing challenges from rival currencies and digital assets.

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Yuga Labs wins trademark case against Bored Ape interloper

Yuga Labs, the creators of Bored Ape Yacht Club (BAYC), a collection of non-fungible tokens (NFTs) featuring digital images of apes, has won a lawsuit against artist Ryder Ripps and his co-defendant Jeremy Cahen, who copied their NFTs and sold…

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Coinbase has lodged a court petition requesting that the SEC respond to a rulemaking petition the firm had submitted in 2022.

Coinbase, a cryptocurrency exchange, has taken a proactive approach by filing an Administrative Procedure Act challenge against the U. S. Securities and Exchange Commission (SEC). In this filing, Coinbase requests that the Third Circuit Court of Appeals compel the SEC to provide clarity regarding how current securities laws could apply to digital assets.

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Coinbase sues SEC, Ark Invest buys $8.6m in Coinbase stock

Key takeaways Crypto exchange Coinbase has filed a lawsuit against the Securities and Exchange Commission (SEC). Coinbase wants the agency to provide a yes or no to Coinbase’s request for the commission to draft and approve a digital asset-specific rule.

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Zimbabwe to issue gold-backed digital currency to save local currency

The Zimbabwe dollar has been depreciating against the US dollar. The country has been struggling with inflation for more than a decade now. The Reserve Bank of Zimbabwe (RBZ) has announced plans to launch a gold-backed digital currency.

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Zimbabwe to Introduce Gold-Backed Digital Currency: Report

The country's central bank wants people to be able to exchange Zimbabwe dollars for the gold-backed token so they can hedge against the currency's volatility.

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Zimbabwe’s central bank to issue gold-backed digital currency

Zimbabwe's central bank is launching a gold-backed digital currency to keep the local currency from depreciating further against the USD. The African country has been struggling with currency vThe post Zimbabwe’s central bank to issue gold-backed digital currency appeared first on AMBCrypto.

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Gold-Backed Digital Currency May Help Zimbabwe Hedge Against Inflation

In a bid to tame inflation, the Reserve Bank of Zimbabwe (RBZ) is set to launch a new gold-backed digital currency. The post Gold-Backed Digital Currency May Help Zimbabwe Hedge Against Inflation appeared first on BeInCrypto.

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Texas digital asset service provider bill passes House vote

The Texas House of Representatives approved the digital asset service provider bill on April 20. The bill received 148 votes in favor and zero against. Only one vote abstained. Also known as the “Proof of Reserve” bill, HB 1666 was introduced in January by Giovanni Capriglione and aims to establish rules for exchanges and other […] The post Texas digital asset service provider bill passes House vote appeared first on CryptoSlate.

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XRP Lawsuit: John Deaton Highlights 4 Likely Outcomes In Ripple vs SEC Suit As Case Takes Surprising Turn

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Sphere 3D, a bitcoin mining company, is suing Gryphon Digital Mining for breach of contract.

Sphere 3D, a Bitcoin mining firm, has filed a lawsuit against its business partner, Gryphon Digital Mining, for allegedly losing $500,000 of its Bitcoin to a hacker posing as Sphere 3D’s CFO.

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Sphere 3D files lawsuit against Gryphon Digital Mining after BTC transfer

An allegedly Bitcoin spoofing attack is behind the lawsuit between the companies that at one time considered merging.

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Binance CEO Refutes CFTC’s Claim Of Market Manipulation, Says Exchange Is Wholly Compliant

Binance becomes the latest entity to come within the CFTC’s crosshairs in a case that industry stakeholders say could have lasting impacts on the virtual currency ecosystem. The U.S. Commodity Futures Trading Commission (CFTC) filed an action against Binance, accusing the digital asset exchange of improper compliance procedures in violation of the country’s derivative laws. […]

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No CBDC In Florida, Asserts Pro-Crypto Governor

Ron DeSantis, the governor of Florida, has pushed back against plans to float a Central Bank Digital Currency (CBDC) in his state, describing it as President Biden’s administration’s way of “weaponization of the financial sector.

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Peter Schiff Warns Investors From Bitcoin, Says They Should Buy This Instead

Economist Peter Schiff has long been against Bitcoin. He has repeatedly warned investors to stay away from the digital asset because he does not believe that it holds any inherent value. Now, more often than not, Schiff has always been wrong about Bitcoin but that has not stopped the economist from preaching strongly against the cryptocurrency.

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Senator Warren knocks crypto amid coordinated attack on bitcoin

A growing coordinated attack against bitcoin (BTC) and the wider cryptocurrency industry has recently intensified, with U.S. Senator Elizabeth Warren (D-Mass.) expressing hostility towards digital assets.

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Ripple's Chief Legal Officer Calls Out Officials on Crypto Regulation

Stuart Alderoty takes a stand against officials' approach to cryptocurrency regulation, highlighting the potential consequences of their words and actions on the growing digital asset industry

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Voyager Digital Sale On Hold As Binance.US Faces Market Manipulation Charges

The planned $1 billion sale of Voyager Digital to Binance. US has hit a speed bump as a federal judge granted the United States government’s request for an emergency stay.   The move comes after the Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance’s global entity for allegedly allowing U.

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Crypto markets react to Binance’s battle with CFTC

The US Commodity Futures Trading Commission (CFTC) took legal action against the largest crypto exchange, Binance, on March 27. Consequently, the digital asset market has been showing bearish signs.

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Litecoin Dubbed A Commodity By CFTC Could Reignite Digital Silver Narrative

Litecoin was deemed a commodity today in a CFTC lawsuit filing against Binance. With the altcoin now potentially safe from further scrutiny from the SEC, a new digital silver narrative could take shape.

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Ted Cruz and Ron DeSantis take on the ‘digital dollar’: Law Decoded, March 20–27

Two lawmakers in one week weighed in against the possibility of a United States central bank digital currency.

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Judge Dismisses Case Against Creator of Quantum – the First NFT

The case involving “Quantum” is an example of how blockchain technology protects the rights of digital artists. Canadian company Free Holdings will not get the chance to go to court over the first-known NFT on record.

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White House report says majority of cryptos have ‘no fundamental value’

In a recent report, the White House made a concern against cryptos by claiming that some elements of the ecosystem for digital assets are problematic for consumers, the economy, and the environment.

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FTX Takes Legal Action Against Liquidators of Its Bahamian Affiliate for False Ownership Claims of Failed Crypto Exchange

Crypto exchange FTX has filed lawsuit against FTX Digital Markets and its joint provisional liquidators, alleging false ownership claims of trading platform

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FTX sues its Bahamian liquidators for taking control of ‘millions of dollars’

Crypto exchange FTX has filed a lawsuit against the liquidators of its Bahamian affiliate, FTX Bahamas Ltd, claiming that they have wrongfully taken control of millions of dollars worth of digital assets, including bitcoin (BTC) and ethereum (ETH). According to…

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‘Ethereum and Stablecoins Are Commodities’: CFTC Clashes With the SEC

The Commodity Futures Trading Commission (CFTC)’s hearing before the Senate Agriculture Committee Wednesday was dominated by the discussion around digital assets. The commission took a firm stance against the SEC regarding the classification of Ether and Stablecoins.

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Grayscale Bitcoin Trust Up 10% After Scoring Victory Against U.S. SEC

Digital asset manager Grayscale is embroiled in a legal fight against the U. S. Securities and Exchange Commission (SEC). The company requested approval to convert its most significant and most popular product, the Grayscale Bitcoin Trust (GBTC), into an Exchange Traded Fund (ETF).

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Alameda, FTX Demand Grayscale To Unlock $9 Billion From BTC, ETH Trusts In New Lawsuit

Grayscale, the world’s largest Bitcoin fund, is being sued by Alameda and FTX on behalf of FTX’s debtors and affiliates. According to a press release issued by the FTX Debtors on Monday, claims have also been filed directly against Grayscale CEO Michael Sonnenshein and Digital Currency Group (DCG) CEO Barry Silbert. Grayscale is owned by […]

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FTX Debtors file lawsuit against Grayscale and Digital Currency Group

FTX Debtors filed a lawsuit against Grayscale, DCG, and two of its executives The lawsuit claims that the firm prevented Alameda from redeeming its shares The FTX saga continues to hit the cThe post FTX Debtors file lawsuit against Grayscale and Digital Currency Group appeared first on AMBCrypto.

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Binance US’ acquisition of Voyager Digital assets massively supported

Most Voyager Digital account holders have approved the acquisition of the bankrupt crypto lending firm by Binance US, the United States-based arm of the world’s largest crypto exchange. According to court documents, 97% of account holders with claims against Voyager…

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Web3 Domain Alliance Announces New Members to Protect User-Owned Digital Identities

San Francisco, United States, 22nd February, 2023, Chainwire Unstoppable Domains commits to not assert against members of the Alliance its patents that are necessary to adopt the Alliance’s interoperability and security standards The Web3 Domain Alliance, a member-led coalition dedicated to improving the technological and public policy environments for users of Web3 naming services, today […] The post Web3 Domain Alliance Announces New Members to Protect User-Owned Digital Identities appeared first on CoinJournal.

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Web3 Domain Alliance Announces New Members to Protect User-Owned Digital Identities

San Francisco, United States, 22nd February, 2023, Chainwire Unstoppable Domains commits to not assert against members of the Alliance its patents that are necessary to adopt the Alliance’s interoperability and security standards The Web3 Domain Alliance, a member-led coalition dedicated to improving the technological and public policy environments for users of Web3 naming services, today […] The post Web3 Domain Alliance Announces New Members to Protect User-Owned Digital Identities appeared first on CaptainAltcoin.

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NBA Legend Paul Pierce Settles With SEC Over EthereumMAX Scandal

Crypto regulations deepen as regulators continue to announce actions against the crypto industry. Today, the NBA Hall of Fame player Paul Pierce settled with the Securities and Exchange Commission (SEC) over charges of unlawful touting digital asset EthereumMax, which the regulator considers a ‘crypto security.

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Expert: SEC’s war on crypto just getting started

Marcus Sotiriou, a market analyst at UK-listed digital asset firm GlobalBlock, says the SEC is just starting in its crackdown on crypto. The analyst said this in a note to clients on Monday following regulatory moves against crypto firm Paxos and the stablecoin BUSD.

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Hermes wins NFT trademark lawsuit against MetaBirkin creator

Luxury fashion brand Hermes has emerged victorious in its lawsuit against Mason Rothschild, the digital artist behind the MetaBirkin NFTs.

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Lenders accuse DCG CEO of hoax deal to hide $1.1b loss

In a proposed securities class action lawsuit against Digital Currency Group Inc., a group of lenders claimed that Barry Silbert, the CEO of an insolvent crypto firm, concocted a “misleading phony deal” to hide an impending $1 billion implosion. Former…

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Australian Executives Warn Against Classifying Crypto As Financial Products

Australian crypto executives have issued warnings regarding classifying all cryptocurrencies as financial products under the law. This stance was taken after Stephen Jones, Assistant Treasurer and Minister of Financial Services, made a specific comment about the country’s regulatory framework on digital assets in an interview with the Sydney Morning Herald on January 22. According to […]

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Privacy Is a Human Right – and the 118th Congress Must Defend It

U.S. lawmakers must prevent the further erosion of our privacy rights by defending our right to use privacy-preserving tech and passing laws against unreasonable and constant digital surveillance.

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Here's what Australian executives are thinking about crypto

After the assistant treasurer's recent comments, Australian crypto CEOs have cautioned against defining all digital assets as financial commodities. National Australia Bank (NAB) will create a The post Here's what Australian executives are thinking about crypto appeared first on AMBCrypto.

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Former Celsius CEO sued for allegedly defrauding customers

New York attorney General Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius Network LLC James said that Mashinsky violated the Martin Act and New York’s Executive and General Business Laws by allegedly defrauding investors into depositing billions of dollars into digital asset within the cryptocurrency lending company.

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