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TL;DR The lawsuit between Ripple and the SEC, concluding with a grand trial on April 23, could significantly influence XRP’s price and market capitalization. The asset’s value growth also depends on market dynamics and adoption by major financial institutions. Waiting for the Judge’s Decision The lengthy legal battle between Ripple and the US Securities and Exchange Commission (SEC) will move to a grand trial (scheduled for April 23), which is supposed to be the final chapter of the dispute. Industry participants…

Wally Adeyemo, Undersecretary of the U.S. Treasury, released an official statement saying Russia is increasingly resorting to alternative payment methods, such as the stablecoin Tether (USDT), to evade sanctions and sustain its military operations. The hearing, titled “Countering Illicit Finance, Terrorism, and Sanctions Evasion,” marks the committee’s second discussion on the topic within the last six months. Russia Employs Tether to Evade Sanctions In his testimony, Ademayo shed light on the exploitation of crypto assets by terrorist groups and rogue…

Over the past decade or so, countries around the world have resorted to seizing cryptocurrencies. The United States government stands at the forefront, boasting crypto holdings of almost $15.27 billion. This substantial stash includes 212.847k BTC and 45.654k ETH. US Leads with Holdings of $15.27B Silk Road is perhaps the most infamous case where the US government seized approximately 144,336 BTC in 2013. Silk Road was an online black market known for facilitating the sale of drugs and other illegal…

Terraform Labs co-founder Do Kwon has faced a new legal setback after Montenegro’s Supreme Court once again approved the extradition. With this decision, the previous extradition ruling by the High Court has been reversed, thereby resetting the whole process. The final decision now rests in the hands of the Minister of Justice, Andrej Milovic, who had previously expressed willingness towards extradition to the US. Do Kwon’s Extradition According to a local report, the court based its decision on legal requirements…

The post US or Korea? Montenegrin Court Greenlights Do Kwon’s Extradition appeared first on Coinpedia Fintech News In a gripping turn of events, the Montenegrin court has once again given the green light to extradite Kwon Do-hyeong, a central figure in the infamous cryptocurrency crash involving Terra Luna. This decision reignites the legal saga surrounding his potential extradition, following a recent ruling that invalidated the previous verdict, prompting a fresh evaluation of the extradition process. The Battle Resumes! After a…

US CPI data for March came in at a hotter than expected 3.5%. This rise is not good for markets generally, and most indices were down. However, after an initial fall, bitcoin has held support and is currently at $70,000. The accumulation period for $BTC continues. Inflation hedge? Bitcoin has often been talked about as an inflation hedge, but thus far this has generally not held true. However, things have changed in this bitcoin bull market. Traditional markets are now…

Ripple CEO Brad Garlinghouse is optimistic more crypto ETFs are imminent in the US but with no defined timeline. He also predicted that the market cap will top $5 trillion this year. During a recent interview at the Paris Blockchain Week, Brad Garlinghouse, the CEO of Ripple Labs Inc. stated that the US will launch other Exchange-Traded Funds (ETFs) aside from the spot Bitcoin ETFs introduced in January.  Ripple CEO on Timeline for Other ETF Launch Garlinghouse warned that forecasting…

The US Treasury undersecretary has highlighted Russia’s alleged use of Tether (USDT) to bypass international sanctions and finance its military activities. Adewale O. Adeyemo has urged policymakers to grant the US Treasury additional enforcement powers to address the rising threat posed by foreign cryptocurrency. The US Treasury has raised concerns regarding Russia’s purported utilization of the stablecoin Tether (USDT) to circumvent international sanctions and sustain its military operations. Undersecretary Wally Adeyemo voiced these apprehensions during a statement to the Senate…

Singapore, Singapore, April 8th, 2024, Chainwire DigiFT, the first on-chain Real World Asset (RWA) exchange regulated by the Monetary Authority of Singapore (MAS), is proud to announce the launch of its second-series RWA depository receipt (DR) token. The DigiFT USD Money Market Fund Token (DMMF), aims to offer a new cash management option for investors interested in exploring alternatives within the crypto space. According to the company, the launch of DMMF token comes at a time when the demand for…