Author: James Wilson
The U.S. Securities and Exchange Commission is on the verge of ending its long-running case against Ripple, according to sources close to the development. On Mar. 12, former FOX Business journalist Eleanor Terrett said the SEC vs. Ripple case was “in the process of wrapping up.” The regulator sued Ripple Labs, the company behind the XRP (XRP) cryptocurrency in 2020. It’s a landmark case that set into motion what has become one of the longest running legal battles between the agency and a crypto company. However, the regulator has recently ended multiple investigations and cases, including against Coinbase, Kraken and…
Polkadot price is hovering near its all-time low as the crypto sell-off accelerates and the fear and greed index remains in the extreme fear zone. Polkadot (DOT) coin has crashed to a low of $3.60, where it has failed to drop below since December 2022. It has dropped by over 93% from its all-time high. Polkadot has three potential catalysts that may push it higher in the longer run. First, the developers are working on the Polkadot 2.0 upgrade, its biggest since inception. Polkadot 2.0 introduces three key concepts in the network: async backing, agile coretime, and elastic scaling. Async…
Frustrated Time.fun creator calls out Base’s X profile for promoting AI-made Grok token while ignoring their projects. Another day, another blockchain drama and this time featuring Time.fun’s creator 0xKawz, calling out layer-2 network Base for promoting a memecoin while ignoring months of work on their project. The dispute centers around Base’s X account, which recently promoted GrokCoin, a memecoin tied to Elon Musk‘s AI chatbot Grok, while giving no attention to Time.fun. icymi, @grok launched a token on Basethanks to @bankrbot and Clanker’s trading mechanisms, Grok’s AI-controlled wallet is already stacking fees ($200K+ and counting)why does it matter? AI is…
California State Senator Ben Allen is eyeing further pro-crypto representation with an endorsement of Dom Bei for election to the board of California’s public pension fund. Bei is the founder of Proof of Workforce, a Bitcoin (BTC) non-profit focused on promoting BTC adoption via educational initiatives targeting workers, unions and pension funds. He is in the race to join the California Public Employees’ Retirement System, CalPERS, as a board member. Notably, CalPERS is the largest public pension fund in the United States with over $500 billion and serves more than 2 million public retirement system members. CalPERS manages the retirement…
On Mar. 10, 2025, European Stability Mechanism managing director Pierre Gramegna expressed his concerns regarding the potential harm of the U.S. government’s pro-crypto course and USD-denominated stablecoins to the EU’sEU’s financial stability and sovereignty. Gramegna’s recent commentaries concerning the U.S. crypto policy’s potential impact on the eurozone economy are associated with Facebook’s Libra/Diem story. Facebook failed to launch its crypto due to legal disputes and an overall cautious approach to cryptos from governmental institutions. During the Eurogroup press conference, Gramegna said that the tech giants may try to launch their cryptocurrencies like Facebook tried to do in 2019–2022. Given that…
Ethereum price is in its third consecutive week in the red as investors remain on the sidelines. Ethereum (ETH) traded at $1,758 this week, its lowest level since October 2023. It has plunged by over 55% from its highest level… Source link
Video platform Rumble has acquired approximately 188 Bitcoin for $17.1 million, averaging $91,000 per coin. This purchase comes as part of its Bitcoin (BTC) treasury strategy. The company announced a plan to allocate up to $20 million to Bitcoin, emphasizing its desire to branch out into the cryptocurrency sector. CEO Chris Pavlovski spoke on Bitcoin’s role as a hedge against inflation and its alignment with Rumble’s broader crypto-focused strategy. “These holdings have the potential to serve as a valuable hedge against inflation and will not be subject to dilution like so many overprinted government-issued currencies,” Pavlovski said. Rumble, known for…
Bolivia’s state-owned energy firm YPFB will begin using crypto to pay for fuel imports as the country grapples with a severe shortage of U.S. dollars and dwindling natural gas production. The decision follows government approval to use digital assets for purchasing energy supplies, as Bolivia struggles to maintain fuel subsidies amid declining foreign currency reserves, according to Reuters reporting. The move comes as long lines at gas stations and scattered protests highlight the worsening fuel crisis. “From now on, these (cryptocurrency) transactions will be carried out,” a YPFB spokesperson told Reuters, emphasizing the urgency of securing energy resources despite financial…
Ripple price remains in a bear market after falling by over 35% from its highest level in January. Ripple (XRP) rose for the second consecutive day as cryptocurrencies rebounded after the encouraging inflation data. Most of them rose, with Bitcoin (BTC) and Cardano (ADA) rising by over 3%. XRP also rose after Franklin Templeton applied for a spot exchange traded fund or ETF on Tuesday. The company, which manages over $1.5 trillion in assets, joined other firms like WisdomTree, Bitwise, 21Shares, Grayscale, Canary, and CoinShares that have applied for a spot XRP ETF. Polymarket users have boosted their odds for…
Gemini crypto exchange plans to expand its USD trading support for institutional clients in the European Union. Gemini exchange has partnered with Liechtenstein-based Bank Frick to bring US dollar payment support for institutional clients in the UK and Switzerland, according to an announcement originally shared with Cointelegraph on March 12. This enabled institutions to deposit, withdraw, and trade directly in US dollars on the exchange, instead of having to convert to British pounds or Euros first. To enable instant deposits in dollars (even outside of normal banking hours), Gemini is using Bank Frick’s “xPulse” service. In the announcement shared with…