Ripple’s CTO taunts Elon Musk over his fondness for memes on Twitter
David Schwartz, Ripple Labs’ Chief Technology Officer and XRP Ledger CoFounder, recently shared a tweet featuring Elon Musk and made a comment that some of his followers perceived as a jab at the innovative tech billionaire. Schwartz posted a picture of a book cover parody called “Internet Memes for Dummies,” seemingly chiding Musk for his […]
Is BRRRR back again?
The Federal Reserve’s balance sheet saw a surge of almost $94.5 billion as of March 22, marking a $297 billion increase from the previous week when the banking crisis began. The total liabilities of the central bank increased by $393 billion in the past two weeks, bringing it to $8.734 trillion, close to the all-time […]
The latest news in the Ripple v. SEC lawsuit
Ripple has filed a Letter Notice of Supplemental Authority on March 20 in support of their fair notice defense, but the SEC responded by stating that the excerpts cited do not provide a basis to deny their motion for summary judgment. The SEC also clarified that the cases mentioned by Ripple do not even involve […]
“How did this happen?” Fed Jerome Powell said
Following the sudden collapse of Silicon Valley Bank, Federal Reserve Chair Jerome Powell expressed his confusion, saying, “How did this happen?” during a press conference held after the Federal Open Market Committee meeting on March 22. Powell announced an internal investigation led by Vice Chairman Michael Barr to look into how the Fed supervised and […]
Rate hikes, will the Fed have a break?
The crypto markets are continuing to rise amid the ongoing banking crisis in the United States and abroad. Bitcoin and other altcoins have reached levels that have not been seen in nine months, following a week of chaos for macro markets. As old resistance levels are being broken, bulls are trying to establish newly-reclaimed support, […]
Ripple’s Fridman criticizes Sen. Elizabeth Warren for her statement
Senator Elizabeth Warren and Ripple International Policy’s counsel, Susan Friedman, recently engaged in a discussion regarding the U.S. government’s handling of the crypto industry. Senator Warren criticized the government’s prioritization of billion-dollar crypto firms over struggling student loan borrowers. Friedman, however, argued that the government’s actions were not solely focused on the crypto industry and […]