Investigation

The post XRP Price Skyrockets 18.8%: Is the SEC Ending Its Ripple Investigation? appeared first on Coinpedia Fintech News Ripple’s native cryptocurrency, XRP, has surged by over 18.8% this week, reclaiming the key resistance level of $0.52. This rise has sparked discussions about the reasons behind the recent increase.  While, the recent actions by the SEC, along with potential government pressure, have led to speculation that the investigation into Ripple might soon be over. Could this mean XRP will finally…

The post Another Crypto Victory: SEC Finally Drops Paxos Investigation appeared first on Coinpedia Fintech News Paxos has been freed from SEC investigation. Even though we are in a bull market, it feels like a bear market due to many crypto negative events. In such times, even the smallest positive news brings a lot of relief. Everyone knows how the SEC is waging a war against crypto, but this time their decision shocked everyone. A surprising piece of news is…

The Solana price has experienced a sharp decline over the past month in line with the broader market correction, intensifying concerns as rumors of a potential investigation into the popular blockchain platform have recently surfaced. Regulatory Storm Brewing?  In a social media post on X (formerly Twitter), market expert Crypto Bitlord, who has a considerable following of over 300,000 people, hinted at a rumored investigation into Solana. The post read: We are hearing rumors that SOL is under investigation and…

This week's major news is that the SEC is bowing out of its investigation into Ethereum. The regulatory agency has, for now, dropped its attempts to categorize ETH as a security thanks to the pressure put on it by Ethereum developer Consensys. Despite the SEC’s dropping of the investigation, Consensys has decided to proceed with the lawsuit against the regulatory agency. Let’s find out more.  Bitcoin UK-based Standard Chartered is officially establishing a spot Bitcoin and Spot Ethereum trading desk.…

The post CFTC Launches Investigation Into Jump Trading As Crypto Scrutiny Rises  appeared first on Coinpedia Fintech News The Commodity Futures Trading Commission (CFTC) launched an investigation into Jump Trading, a prominent Chicago-based firm known for its significant role in the cryptocurrency sector. This probe, while not indicating any wrongdoing, focuses on Jump’s activities in crypto trading and investment. Jump Trading Faces Regulatory Hurdles The Commodity Futures Trading Commission is examining Jump’s role in the cryptocurrency sector, investigating its trading…

The United States Securities and Exchange Commission is dropping its investigation into whether ETH is a security, which is a major win for the crypto industry. The Securities and Exchange Commission’s decision came after Consensys sent the commission a letter requesting clarification on Ether’s category in the approval of spot Ethereum ETFs. SEC Closes Investigation Into Ethereum The decision was announced by Consensys, with the company stating that the Securities and Exchange Commission’s Enforcement Division had notified the company it…

The post Crypto Market Surge As Ethereum (ETH) Delcared As Commodity By SEC, Ends Investigation! appeared first on Coinpedia Fintech News Despite the market leader, the BTC price recorded a correction of 0.51% within the past day, the Ethereum token has surged 3.26% in valuation following the conclusion of the ongoing investigation by the SEC. Furthermore, top Ethereum-based tokens have displayed a similar trend by adding significant valuation in their respective portfolio. Notably, at the time of writing, the price…

Bahrain-based crypto exchange Rain is reeling from a significant security breach, according to recent findings by on-chain investigator ZachXBT.  Details of Exploit The exploit, which occurred on April 29, 2024, resulted in a staggering loss of approximately $14.8 million. ZachXBT's investigation revealed suspicious outflows from Rain's BTC, ETH, SOL, and XRP wallets on the day of the exploit. The funds were swiftly moved to instant exchanges and exchanged for BTC and ETH. The stolen funds were then divided into wallets…

With increasing cryptocurrency-related crimes in Hong Kong, Bitrace has ramped up its efforts to tackle the problem. The prominent data analysis company has reportedly conducted training sessions on on-chain fund tracking for members of the Hong Kong Police Force. Bitrace Bolsters Efforts to Combat Crypto Crimes The latest initiative is part of the company’s Corporate Social Responsibility efforts that aim to improve law enforcement’s understanding of blockchain technology, particularly in light of Hong Kong’s growing prominence in the cryptocurrency hub.…