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Indonesian President Cautions Against Crypto in Money Laundering Risks


Indonesian President Joko Widodo highlights the significant risks of money laundering through crypto asset and NFT transactions, citing $8.6 billion in suspicious activities in 2021. The post Indonesian President Cautions Against Crypto in Money Laundering Risks appeared first on Cryptonews

Ripple Asks Court to Reject SEC’s $2 Billion Penalty Request in XRP Case


Ripple Labs has filed its opposition to the request by the U.S. Securities and Exchange Commission (SEC) for the company to pay $2 billion in fines in the XRP case. “The SEC’s draconian remedial requests are ungrounded in law or principle. This court should reject them in their...

Ripple Files Opposition to SEC’s $2 Billion Penalty Request


Ripple opposes the SEC's demand for $2 billion in penalties, proposing a much lower sum of $10 million instead, calling the request an “ongoing intimidation against all of crypto.” The post Ripple Files Opposition to SEC’s $2 Billion Penalty Request appeared first on Cryptonews

Turbulent times ahead as Ripple files response to penalty of $2 billion


The continuing legal encounter between Ripple Labs and the American SEC is climaxing this week. Ripple is planning to file an opposition brief, and its sealed response will be submitted by 22/April/2024. Ripple Lab’s submission of a sealed response will be followed by a version that will...

Binance Shifts $1 Billion in SAFU Bitcoin Reserves to USDC


Binance, the leading cryptocurrency exchange globally in terms of trading volume, has shifted its SAFU (Secure Asset Fund for Users) reserves into the stablecoin USDC to bolster “its reliability.” During the early hours of Thursday, the platform transferred two substantial amounts...

Citadel-Backed Hidden Road Partners Targets $120M in Series B


Hidden Road Partners aims to secure $120 million in a Series B funding round to bolster its crypto and other trading services, targeting a $1 billion valuation. The post Citadel-Backed Hidden Road Partners Targets $120M in Series B appeared first on Cryptonews

27% of Ethereum Now Staked: $98 Billion Committed as Interest Peaks


Recent data reveals that over 27% of all ether, amounting to 32,472,720 ethereum, is currently staked, as interest in this activity has heightened significantly within the past year. Liquid staking derivative (LSD) protocols have locked in more than $40 billion, with Lido Finance holding $28.77...

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