Top U.S. Treasury Official: Crypto Did Not Directly Cause Bank Failures
US Treasury Undersecretary for Domestic Finance, Nellie Liang, has stated that the crypto industry wasn’t a primary cause of the failure of Silicon Valley Bank and Signature Bank. During a House Financial Services Committee hearing, Liang rejected the idea that digital assets should be held accountable for the banks’ runs. However, when asked if crypto […]
OKX to Release Frozen FTX and Alameda Assets Worth $157M, Reports Say
According to bankruptcy lawyers working on the FTX case, $694 million in liquid assets have been identified prior to OKX’s announcement. OKX has now announced that it has identified $157 million in digital assets belonging to FTX and Alameda Research, which it will turn over to the bankruptcy estate for the former companies. However, the […]
Analyst Predicts Altcoin Rally Following Ripple’s XRP Victory Over SEC
As the Ripple-SEC lawsuit decision looms, crypto analyst and economist Alex Kruger has weighed in on its potential impact on the industry. Kruger believes that a Ripple victory could trigger an “alt season,” a period where altcoin prices significantly increase and outperform Bitcoin. For those unfamiliar with the term, an alt season is difficult to […]
XRP supports TUSD Trading Pair on Binance
On March 29, Binance, one of the world’s largest cryptocurrency exchanges, announced that it would be opening trading for six new trading pairs: LDO/TUSD, MATIC/TUSD, OP/TUSD, SOL/TUSD, SSV/TUSD, and XRP/TUSD. These new trading pairs are expected to provide users with more opportunities to explore and utilize different cryptocurrencies on the platform. To encourage more traders […]
“US Leaves Crypto Power Vacuum, Rival Countries Rush to Fill the Void,” Says Coinbase
Coinbase’s Vice President and Regional Managing Director in Europe, Daniel Seifert, argues that while other countries are fostering “vibrant” crypto ecosystems due to progressive regulation, the U.S. government has opted for “regulation by enforcement,” leaving a vacuum for other countries to fill. Seifert’s comments come as Coinbase is seemingly on the verge of a court […]
Ripple’s CTO calls on the SEC to provide clarity on cryptocurrency regulations.
Ripple’s CTO David Schwartz has once again spoken out about the recent Wells notice issued by the US Securities and Exchange Commission (SEC) to Coinbase. In a tweet, the XRP Ledger architect criticized the SEC for not providing clear guidelines on cryptocurrency regulation. A Wells notice is a formal notification that allows the recipient to […]