crypto industry

Ripple CEO Hails Latest Court Ruling ‘a Big Win’ — Calls His Lawsuit Baseless Troll Attempt

June 22, 2024 Bitcoin.com

bitcoin.com

Ripple CEO Brad Garlinghouse says the latest court ruling on Ripple’s securities lawsuit “is a big win.” He stressed that “absolutely nothing in the decision negates or changes the fact that XRP is, in and of itself, not a security.” The Ripple executive slammed allegations of misleading statements about his XRP position, stating that the […]

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Winklevoss twins refunded for exceeding Bitcoin donation limit to Trump

June 22, 2024 Coin Telegraph

2024 election

It is uncertain whether the Trump 47 Committee, returned the amount in Bitcoin or converted it to its equivalent value in cash.

The billionaire Winklevoss twins, founders of cryptocurrency company Gemini, were refunded after their bitcoin donations to Donald Trump’s presidential campaign exceeded the maximum amount allowed under federal law.

According to a Bloomberg report, the portion above the legal limit was refunded to the donors, citing a campaign official who spoke on condition of anonymity to discuss the matter.

The twins each announced donations totaling $2 million in Bitcoin in posts on social media site X on Thursday to the presumptive Republican nominee, which would exceed the maximum $844,600 that the Trump committee can legally accept per person.

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Donald Trump Vows to Be the ‘Crypto President’ — Pledges to End Biden-Gensler Crypto Policies Within One Hour

June 8, 2024 Bitcoin.com

Bitcoin

Former U.S. President and presidential candidate Donald Trump has pledged to become “the crypto president” if re-elected. He vowed to terminate the anti-crypto policies introduced by Joe Biden and U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, emphasizing that their policies “will grind to a halt within one hour of a second Trump administration.” […]

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Ripple President Says SEC on ‘Warpath’ With Crypto Industry

June 5, 2024 Bitcoin.com

Bitcoin

The president of Ripple Labs has criticized the U.S. Securities and Exchange Commission (SEC)’s approach to regulating the crypto sector, emphasizing that the regulator is on a “warpath” with the industry. She highlighted the inefficiency of the current approach, stating: “This whole dynamic of setting rules through enforcement … is really unproductive and not getting […]

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US pro-crypto super PAC Fairshake gets $25M from Andreessen Horowitz

May 30, 2024 Coin Telegraph

US pro-crypto super PAC Fairshake gets M from Andreessen Horowitz

a16zcrypto

The major contribution comes a day after the PAC received an equal amount from Ripple.

Fortune continues to smile on United States pro-crypto super political action committee (PAC) Fairshake, with the second big-buck contribution in two days. A16z managing partner announced on May 30 that the Andreessen Horowitz crypto and Web3 venture fund has donated $25 million to Fairshake and its affiliated PACs Defend American Jobs and Protect Progress.

Andreessen Horowitz is thus running practically nose-to-nose with Ripple, which contributed $25 million on May 29 to bring its total giving to $50 million for this year and in 2023. The new contribution brings a16z’s total giving to $47 million in two years, Dixon tweeted. He said:

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Coinbase recovers after system-wide outage, but user withdrawals remain offline

May 14, 2024 Coin Telegraph

Binance

While the reason behind the three-hour, system-wide outage remains unknown, some users are still unable to transfer or withdraw their funds from the exchange.

Coinbase, the world’s second-largest exchange by trading volume, suffered a major outage on May 14.

Coinbase announced a system-wide outage lasting three hours at 4:19 am UTC. The exchange eventually managed to fully recover by 7:34 am UTC, according to its status page.

The exchange stated in an X post:

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President Joe Biden is trying hard to ‘kill crypto,’ says Cardano founder

May 10, 2024 Coin Telegraph

Cardano

“A vote for Biden is a vote against the American cryptocurrency industry,” said Charles Hoskinson in a video that lashed the White House for its ongoing treatment of crypto in the United States.

Cardano founder Charles Hoskinson has lashed out at United States President Joe Biden, claiming that he’s making a concerted effort to kill the crypto industry in the United States.

In a May 9 video posted to X, Hoskinson said it was “unambiguously clear” the Biden administration is trying its best to “destroy the American cryptocurrency industry.”

He said that over the past few years, the U.S. government had “hurt [the crypto] industry in every way possible,” citing the restricted access to bank accounts , the Securities and Exchange Commission’s (SEC) policy of regulation by enforcement — and most recently — the White House “obstructing” the legislative process.

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Crypto community triumphs: Token2049 attendees brave Dubai storms

April 19, 2024 Coin Telegraph

AVA Labs

Ava Labs founder Emin Gün Sirer said that while there were challenges, it was “worth it” because of the energy the crypto community brought.

Despite the difficulties faced by crypto community members who flew to the United Arab Emirates because of the Token2049 event, the number of attendees who persevered surprised community leaders who came to the event.

On April 18, the attendees were met with blocked roads and challenges that could make many people just turn around and fly away from the country.

Leaders in the space who were scheduled to have interviews with Cointelegraph were stuck in different airports and had to turn back because of the situation.

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Blockchain Association Responds to Elizabeth Warren, Says Crypto Can Disrupt ‘Too Big To Fail’ Banks

January 9, 2024 The Daily Hodl

Blockchain Association

Crypto advocacy group Blockchain Association has responded to a letter from Elizabeth Warren that the Senator wrote to the group in December, alleging that the digital assets industry was trying to undermine the government by recruiting former US lawmakers and officials. In December, Warren referred to a Politico report that claimed that the Blockchain Association […]

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U.S. Deputy Treasury Secretary Wally Adeyemo Warns Crypto Industry To Take Action Against Illicit Finance

November 30, 2023 The Daily Hodl

Bad Actors

U.S. Deputy Treasury Secretary Wally Adeyemo is issuing a warning to the crypto industry, saying it must crack down on illicit finance. Speaking at the 2023 Blockchain Association Policy Summit, Adeyemo says that the digital assets industry should self-regulate against illegal financial activities or regulators will have to clamp down even harder on the nascent […]

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