Cryptocurrency exchange Binance has announced its full exit from Russia by selling its firm to a newly launched crypto exchange business known as CommEX. Binance has entered into an agreement to sell the entirety of its Russia business to CommEX, the firm said in an announcement to Cointelegraph on Sept. 27. The exchange didn’t disclose the financial details of the […]

Ripple has welcomed a new addition to its leadership team in a strategic move. Lauren Belive, a former White House official with a wealth of experience in government affairs, has taken on the role of Ripple’s Head of U.S. Public Policy and Government. Belive’s appointment comes at a crucial time for Ripple; The company has been deeply entangled in a […]

The Chair of the Securities and Exchange Commission of the U.S. stood firm on his opinion that most cryptocurrencies and their firms and exchanges are subject to federal security laws and regulations ahead of Wednesday’s hearing. As per his testimony, Gary Gensler said these securities regulations have “been on the books for decades” and are scheduled to appear before the […]

Prosecutors from the United States Department of Justice will be allowed to surface the details of Sam Bankman-Fried’s political donations as the evidence is directly relevant to his fraud charges, ruled U.S. District Judge Lewis Kaplan. The decision was part of a series of rulings made by Kaplan in a 16-page pretrial order on Sept. 26, where he cleared up […]

The co-founder of AirBit Club —a cryptocurrency pyramid scheme that swindled investors of over $100 million — has been sentenced to 12 years in prison for his role in a $100 million “pyramid scheme”  that purported to be involved in crypto mining.  The sentencing comes nearly seven months after Rodriguez — the co-founder of AirBit Club — pleaded guilty to […]

Based on a recent report by Bloomberg analyst Jamie Coutts, asset managers’ interest in Bitcoin stretches beyond exchange-traded funds (ETF) into the mining sector. In particular, Coutts speaks about BlackRock, describing the asset manager’s application with the US Securities and Exchange Commission (SEC) to offer a Bitcoin spot ETF as “unsurprising.”  The analyst stated that BlackRock and other prominent global […]

The company behind the XRP Ledger crypto wallet, Xumm, unveiled its plans to launch an “Infrastructure Overhaul” for the network. The company claims the upgrade will push the XRPL to the next level. According to an official announcement shared with Bitcoinist: This isn’t just a technical upgrade; it’s a strategic move to reshape the very foundation of the XRPL, ensuring […]

Ripple boss Brad Garlinghouse has beefed up his legal team amid the ongoing legal turmoil between the payments firm and the U.S. Securities and Exchange Commission (SEC). Garlinghouse Secures New Defense Counsel Ripple’s Brad Garlinghouse has welcomed a new lawyer to fight the SEC lawsuit. Renowned attorney Rahul Mukhi, a partner at Cleary Gottlieb Steen & Hamilton LLP, Mukhi, on […]

Bahrain-based Bank ABC will use JPMorgan’s Onyx Coin Systems for blockchain-based cross-border payments in a soft, or limited, launch. The new service will be more cost effective and reduce settlement times relative to traditional solutions. Bank ABC will at first use the U.S. dollar in transactions involving Bahrain, the United States, United Kingdom, Singapore and Hong Kong. The partners are […]