US

Venezuela likely to use cryptocurrencies to bypass US sanctions on oil and gold, say dissidents and analysts. US reimposed sanctions due to non-compliance by Maduro’s government with pre-election fairness agreements set for July 28. Venezuela is likely to continue using cryptocurrencies to circumvent a new set of US sanctions focused on the country’s oil and gold activities, according to Venezuelan dissidents and cryptocurrency analysts.  The Nicolas Maduro administration, despite being embroiled in corruption cases involving cryptocurrencies, appears poised to keep…

The post US 2024 Elections: Pro-Crypto Candidates for the WIN? Ripple CEO Comments appeared first on Coinpedia Fintech News The new political power player is here, and it’s digital. Since 2023, the cryptocurrency industry has poured $150 million into political campaigns, aiming to influence regulations favoring digital currencies. Ripple CEO Brad Garlinghouse recently ignited debate by suggesting that candidates supportive of crypto could see significant financial backing soon. Understanding the Political Impact Garlinghouse’s comments highlight the increasing sway of crypto…

The post US SEC’s Crypto Enforcement Head David Hirsch Quits; Does This Signal an End for the Ripple Case? appeared first on Coinpedia Fintech News David Hirsch, the SEC’s enforcement lead, has stepped down. His departure was announced through a post that indicated last Friday was his final day after nine years at the agency. As the Chief of the Crypto Asset and Cyber Unit within the Division of Enforcement, Hirsch was involved in every major project targeted by the…

The post Ripple vs SEC: US SEC Pushes for $102M Settlement with Ripple as XRP Lawsuit Nears Conclusion appeared first on Coinpedia Fintech News After more than three years of legal dispute over XRP sales between the United States Securities and Exchange Commission (SEC) and Ripple Labs, the case has reached the final phase.  Following the notable change in cryptocurrency oversight by the United States government amid approaching elections, the U.S. SEC has advocated for a settlement with Ripple. Moreover,…

The post Crypto to Dominate in The AI Age: US Entrepreneur Balaji Srinivasan Thinks So appeared first on Coinpedia Fintech News In a rapidly evolving world driven by AI and robotics, the concept of money is undergoing a transformation. Balaji Srinivasan, an American entrepreneur and author of “The Network State: How to Start a New Country,” believes that cryptocurrency will be the cornerstone of the new era. Here is why he thinks crypto is the future of money. Cryptocurrency: The…

Two tokenized mutual funds for the US Treasury and European Bonds have been launched by Spiko and will be available on the Ethereum and Polygon blockchain.  4 million Euros ($4.2 million) has been raised through a pre-seed round to sustain and finance the platform.  Polygon (MATIC) has announced the launch of two tokenized mutual funds by Spiko as part of the plans to transform the financial markets by leveraging blockchain databases. Based on the US Treasury bond and Europe government…

A United States district court judge has signed off on a $4.5 billion settlement between Terraform Labs, Do Kwon and the United States Securities and Exchange Commission.  The settlement effectively bans Terraform Labs and Do Kwon from participating in the crypto industry and also requires the parties to pay $4.5 billion in prejudgment interest, disgorgement, and civil penalties.  US Judge Signs Off On Settlement The settlement, approved by New York District Court Judge Jed Rakoff, carries substantial legal implications. It…

The post US PPI Inflation Drops, Sparks Optimism Amid Fed’s Dovish Stance appeared first on Coinpedia Fintech News The latest US PPI data revealed significant inflation cooling in May, marking its largest decline since October 2023. Inflation decreased to -0.2% in May, against market expectations of a 0.1% increase. The data has fueled optimism in the market amidst a dovish stance by the Federal Reserve. The Fed Chair’s latest remarks signaled only one rate cut this year. The Core PPI,…

The post Terra Luna Classic (LUNC) Price Faces a Steep Uphill Ahead Following Historical US SEC Settlement  appeared first on Coinpedia Fintech News The Terra Luna Classic (LUNC) community has undergone a challenging period since the 2022 market capitulation, which wiped out over $30 billion in a single week. The historical fall of UST logarithmic stablecoins has haunted the Terra LUNC ecosystem despite rebranding to refreshed products in the recent past.  Moreover, the leadership of Do Kwon has largely been…