After Binance, the exchange that purchased Trust Wallet in 2018, launched its own rival Web3 wallet, the value of Trust Wallet’s native token (TWT) dropped by 7%. According to CoinMarketCap, the token’s price is currently $1.49, down 7% from the previous day. TechCrunch reports that in 2018, Binance acquired the wallet in exchange for a

The cryptocurrency-based money transfer and payments network Ripple, which debuted in 2012, is collaborating with payments fintech Onafriq to increase remittance capabilities in Africa and between its borders with the United Kingdom, Australia, and several Gulf countries. At Swell, Ripple’s annual conference in Dubai, an announcement was made on Wednesday about the opening of three

Custodia Bank’s introduction of Bitcoin custody comes after the company encountered several legal issues earlier this year. The Bitcoin-friendly bank Custodia Bank, established by proponent Caitlin Long, has released its platform for Bitcoin custody. The company announced the launch of Custodia Bank’s Bitcoin custody service on X (formerly Twitter) on November 7. The service is

Kenya may be the first nation in the world where representatives of the industry create a cryptocurrency regulatory framework Kenya may be the first nation in the world where representatives of the industry create the crypto regulatory framework. The National Assembly’s Departmental Committee on Finance and National Planning has instructed the Blockchain Association of Kenya

Prominent meme cryptocurrencies Dogecoin (DOGE) and Shiba Inu (SHIB) are seeing an increase in influx of capital as a result of Bitcoin’s October rally, which appears to have given the crypto market new life. According to Velo Data, open interest—the dollar value locked in the quantity of active perpetual futures and standard futures contracts associated with SHIB—has climbed by 23% to $61.74 million since November 1st, marking the most percentage growth among the leading cryptocurrencies.With $328 million in open interest, DOGE has experienced a 14.6% growth. Over the same time period, open interest in bitcoin (BTC) has remained constant, but it has climbed by 6% to 7% in MATIC, ETH, ETC, and LTC. A spike in open interest suggests that fresh money is flooding the market.The fact that there has been a significant rise in capital flowing into derivatives linked to speculative currencies such as DOGE and SHIB indicates that investors are becoming more risk-averse.In the past, the persistent superiority of meme cryptocurrencies has shown greed and denoted shifts in the price trend of bitcoin. As per a report, the prices of DOGE and SHIB have increased by 3.6% and 6.5% in a week, respectively.In contrast, Bitcoin has remained steady at about $35,000.In just seven days, open interest in XRP has increased by a pitiful 0.76%, despite the fact that the price of the payments-focused cryptocurrency has risen by 18.6%—the largest increase among major cryptocurrencies.According to the data, XRP’s gains have mostly come from one area. In the interim, funds have been removed from BNB, DOT, UNI, TRX, and ATOM.

According to local media source Kursiv, the government of Kazakhstan has verified that Coinbase, the second-largest cryptocurrency exchange globally by trading volume, has been prohibited in the nation for breaking new crypto rules that went into force earlier this year.Digital asset exchanges that sell “unsecured digital assets” outside of the Astana International Financial Center are also prohibited by the Digital Assets law from issuing and distributing these assets. According to the article, the government informed Kursiv that Coinbase was breaking this specific rule. “The Information Committee of the Ministry of Culture and Information received a request from the Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan with a request to block the Internet resource www.coinbase.com, which violates paragraph 5 of Article 11 of the Law of the Republic of Kazakhstan ‘On

In the last 24hours, XRP surged to become the best-performing cryptocurrency major while ether (ETH) and bitcoin (BTC) remained stable. According to CoinGecko data, prices increased by more than 11% before somewhat declining on Monday. Trading volumes increased to $2 billion from $1 billion on Sunday. When this article was written, XRP was trading for

Expert in bitcoin law John Deaton has provided analysis of the US Securities and Exchange Commission (SEC) v. Ripple case.He argues that a $20 million or less settlement would represent a major win for the firm in court.In a recent post on X (formerly Twitter), Deaton vehemently disputed the notion that the SEC won the litigation 50/50, asserting that Ripple actually had a 90/10 edge.A post by Stuart Alderoty, chief legal officer of Ripple, outlining yet another legal loss for the SEC, served as the impetus for Deaton’s statements. Deaton’s point of view is in line with the prevailing consensus in the cryptocurrency world, which sees the proposed $20 million settlement as a good way to help Ripple out.This analysis takes into account the wider regulatory framework pertaining to digital currencies as well as the possible ramifications of the XRP litigation. The narrative is further developed by Stuart Alderoty’s essay, which notes that the SEC lost this week, carrying on a run of losses.Alderoty claims that the U.S. Court of Appeals for the Second Circuit decided in the SEC v. Govil case that the SEC cannot ask for a significant disgorgement award unless it first proves that actual financial injury to “investors” has occurred.In essence, it means that there is no punishment if there is no harm.The SEC filed a lawsuit against Ripple Labs in December 2020, alleging that the company had sold its own cryptocurrency, XRP, in an unregistered securities offering. A precedent was ultimately made when Judge Analisa Torres ruled that the asset, when exchanged on the secondary market, was not a security.Also, when the allegations against the Ripple executives were dropped, the case experienced substantial modifications. Concurrently, Torres recently gave his approval to an order that addressed the joint proposal for a briefing schedule by Ripple and the SEC to address institutional sales of XRP.This is connected to the section of the XRP case whereby it was found that the business had violated securities laws.On November 9th, Torres gave the parties till that day to submit a unified briefing agenda.

38 transactions totaling $588,000 were made with the largest transfer amounting to $81,200. According to cryptocurrency investigator ZachXBT, consumers who downloaded a fraudulent Ledger Live app from Microsoft’s app store lost almost $600,000 in Bitcoins. On November 5, the on-chain analyst discovered the scam known as “Ledger Live Web3.” It deceives people into believing that

Bitfinex emphasised that none of its systems were breached and that no client money was misplaced. Exchange of cryptocurrency Bitfinex reported that one of its customer service representatives was compromised earlier this week, between October 30 and November 5, resulting in a “minor” information security incident. The company clarified in a statement on November 4

Trial for cryptocurrency trader Avi Eisenberg is not expected to start until April 8, 2024. This is because the judge presiding over the case of the accused Mango Markets exploiter agreed to postpone the trial just one month before it was supposed to.When using a “highly profitable trading strategy” against the decentralized cryptocurrency exchange Mango Markets, situated in Solana, in October 2022, federal authorities claim Eisenberg engaged in wire fraud and commodities manipulation. The trial is taking place in the Southern District of New York, where a group of attorneys just this week succeeded in convicting Sam Bankman-Fried in a case that took less than a year to complete. According to a filing, Eisenberg’s trial was proceeding almost as quickly until late October when the Bureau of Prisons transferred him from a federal jail in New Jersey to the more restrictive Metropolitan Detention Center in Brooklyn. This move made it difficult for the defense team to get ready for Eisenberg’s December 8 trial date. Due to the “complex and novel legal and factual issues” at hand, his attorneys also asked for more time.The claimed scheme of Eisenberg contained complex cryptographic ideas that would make any prosecution — and defense — much more difficult than Bankman-Fried’s comparatively straightforward fraud case. On Friday, the case’s presiding judge reluctantly consented to move the trial to April 8, 2024, as did the government.

The cryptocurrency magazine Bitcoin Magazine reports that it has received threats of legal action regarding “FedNow” t-shirts, hats, and other merchandise According to a post from Bitcoin Magazine on November 3, the US Federal Reserve has accused the publication of trademark violations and sent it a cease-and-desist letter. According to Bitcoin Magazine, the company is

The Supreme Court’s decision to hear this case is a significant step forward for businesses that use arbitration clauses. The US Supreme Court has taken up a case involving Coinbase and its users, focusing on a crucial procedural question of which contract should be arbitrated or judged in order to resolve disputes. Conflicting agreements between