First Mover Americas: Robinhood Shares Jump, Layer 2s Become Cheaper
The latest price moves in bitcoin (BTC) and crypto markets in context for March 14, …
Hong Kong’s Markets Regulator Issues Warning Against Crypto Exchange Bybit
“The SFC is concerned that these products have also been offered to Hong Kong investors …
Web 3 Infrastructure Provider Polyhedra Network Raises $20M Round Led by Polychain Capital
Polyhedra Network uses zero-knowledge proofs as the foundation of its products, giving users increased security …
Hong Kong Starts New Phase of e-HKD Testing Including for Wholesale Use, Tokenization
“The next phase will delve deeper into select pilots from Phase 1 where an e-HKD …
Ripple's Legal Battle with SEC over XRP Classification Set for Trial on April 23
According to CryptoPotato, Ripple's legal battle with the United States Securities and Exchange Commission (SEC) over XRP's classification is set for trial on April 23. The lawsuit's outcome could significantly affect XRP's value, but a final decision might be delayed until 2026 due to potential appeals. Ripple and the SEC have been confronting each other since December 2020 when the regulator accused the firm of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP. Ripple argues that its native token is a currency rather than a security and thus does not fall under the SEC's jurisdiction. The lawsuit will be resolved at a grand trial scheduled for April 23, with Ripple currently having the upper hand after securing three partial court wins in 2023. Prior to that, there are certain court rules that the parties should comply with. American attorney James Filan posted the schedule for remedies briefing, according to which the SEC's opening brief is due on March 22. Ripple's opposition brief is due on April 22, while the SEC's reply brief should be presented by May 6, Filan added. The lawsuit's outcome is touted as a major factor fueling a rally for XRP in case of a decisive victory for Ripple. However, the start of the trial does not necessarily mean that a resolution will be witnessed this year. ChatGPT estimated that the final judgment might occur in the summer of 2024, but potential appeals from both sides could delay the outcome until 2026.
DeFi Borrower Behavior Key to Gauging Tokenization Risks: BIS Study
The BIS has been exploring the DeFi space for some time now. In 2023, the …
Peter Schiff Said He Wishes He’d Bought BTC in 2010
“Do I wish I had made the decision to have thrown $10,000, $50,000, $100,000 into …
HOOD Jumps in Premarket Trading After Blowout February Activity Levels
Shares of Robinhood rose over 11% in premarket trading on Thursday after the online platform …
Fireblocks, Zodia Markets Partner to Improve Cross-Border Payments
The two crypto firms are attempting to improve cross-border payments via stablecoins for large corporations …
Robinhood to Benefit From ‘Monster’ Crypto Cycle, Initiated Outperform by Bernstein
“We believe the crypto market is amidst unprecedented institutional adoption,” analysts Gautam Chhugani and Mahika …