Cryptocurrency

Cryptocurrency
Crypto’s 2024 Corporate Election Spending Dwarfs All Other Sectors
August 22, 2024

Regulatory clarity within the United States is one of the cryptocurrency industry’s top goals. The sector isn’t scared of spending big to get closer to it, a Wednesday (Aug. 21) report showed. Forty-eight percent of all corporate money contributed to date during the 2024 election...

Cryptocurrency
Web3 Fans Say Apple NFC Chip Access Will Jumpstart Crypto Payments Era
August 21, 2024

Every innovation needs a supporting infrastructure network to scale. And, with the news that Apple will allow third-party developers to access its near-field communication (NFC) chip this autumn with the release of iOS 18.1, crypto and blockchain enthusiasts are increasingly of the hope that crypto payments...

Cryptocurrency
Crypto Legislation Could Come This Year, Schumer Tells Crypto4Harris
August 15, 2024

Senate Majority Leader Chuck Schumer believes crypto legislation could happen this year. Schumer made this comment Wednesday (Aug. 14) at an online event for cryptocurrency insiders who are backing Vice President Kamala Harris for president. “We all believe in the future of crypto,” said Schumer, whose comments at the...

Cryptocurrency
Mastercard and MetaMask Team to Launch Crypto-to-Fiat Card
August 14, 2024

Mastercard has launched a crypto-to-fiat card with Web3/blockchain platform MetaMask and cryptocurrency payments firm Baanx. The MetaMask Card, announced Wednesday (Aug. 14), lets MetaMask wallet customers use crypto for everyday purchases in fiat currency wherever Mastercard is accepted. The card is being piloted on a...

Cryptocurrency
SEC Alleges NovaTech Ltd Ran Fraudulent Crypto-Centered Scheme
August 12, 2024

The Securities and Exchange Commission (SEC) charged NovaTech Ltd, its operators, Cynthia and Eddy Petion, and the company’s top promoters with running a fraudulent scheme centered on crypto assets. The defendants are charged with running a multi-level marketing company that claimed it would invest victims’ funds in...

Cryptocurrency
Fed Action Against Customers Bank Underscores Crypto’s Challenges
August 12, 2024

Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers Bank, one of the only crypto-friendly banks in the U.S., was served with a 13-page regulatory enforcement action by the...

Cryptocurrency
Ripple’s Cross-Border Business Could Be Collateral Damage in SEC Suit
August 09, 2024

One of the longest running legal cases impacting crypto’s regulatory future is potentially nearing resolution. The case, between cryptocurrency company Ripple Labs and the U.S. Securities and Exchange Commission (SEC), centers around whether Ripple’s XRP token is a security and has gone through several iterations since its 2020...

Cryptocurrency
Robinhood CEO Says Company Responded to SEC Wells Notice
August 08, 2024

Robinhood Markets reportedly submitted a response to a Securities and Exchange Commission (SEC) Wells Notice that it received in May, which warned the company of impending enforcement action related to its cryptocurrency business. Vlad Tenev, CEO of Robinhood, told Bloomberg Television about this move in...

Cryptocurrency
Ripple CEO Hails Court Ruling in Case Brought by SEC
August 07, 2024

Blockchain solutions provider Ripple Labs was ordered by a federal judge to pay a civil penalty of $125 million in a case brought by the Securities and Exchange Commission (SEC) and centered on the company’s sale of its XRP token to institutional investors. The SEC...