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Crypto debt

‘Crypto Debt’ Drove South Korean College Student to Armed Robbery

A South Korean man has been handed a suspended jail term of almost three years after he was found guilty of armed robbery “to clear a crypto debt.” According to t...

1 year ago

A United States federal court recently used on-chain tech to lock criminals out of their crypto on the Jurat Network. Founder Mike Kanovitz admits the technology could see hate from crypto purists.

On-chain tool to seize crypto is a purist’s nightmare, but a must, says CEO

The founder of layer-1 blockchain Jurat has defended his protocol against potential haters, arguing that on-chain legal enforcement is a necessary trade-off for crypto mass adoption. ...

1 year ago

Uphold CEO Simon McLoughlin voices strong support for XRP amid recent price drop

Full XRP Support and Reserves Confirmed by Major Platform's CEO

In an interesting move, Uphold's CEO, Simon McLoughlin, highlighted the company's enduring commitment to the XRP community, shedding light on the safety of funds and the paramount import...

1 year ago

This is the second major crypto mining facility that popped up in Oman after the one in November 2022.

Oman Introduces a Crypto Mining Center Valued at $350 Million

Oman’s Ministry of Transport, Communications, and Information Technology (MTCIT) has reportedly opened a new data hosting and cryptocurrency mining center in the Salalah Free Zone. The fac...

1 year ago

FTX Lenders Seek UCC Intervention Amid Dissatisfaction Over Proposed Resolution.

FTX CEO Seeks Settlement for $175M Dispute with Genesis

A cryptocurrency exchange FTX, CEO, John J. Ray III, filed a motion to resolve a $175 million dispute with Genesis, marking a substantial reduction from their initial $4B claim. ...

1 year ago

Police in Singapore said it seized 11 documents with information on cryptocurrency assets, but it’s unclear how much worth of crypto was involved.

Singapore busts $735 million alleged money laundering case involving crypto

Singaporean police Tuesday arrested 10 foreign nationals on suspicion of money laundering and seized assets worth about S$1 billion ($735 million) including cryptocurrencies, the police said.

1 year ago

A federal judge will let the U.S. Securities and Exchange Commission file a motion that, if granted, would allow it to appeal a ruling that XRP transactions through exchanges didn’t violate securities laws.

SEC Can Try to Appeal Groundbreaking XRP Ruling, Judge Rules

A federal judge has let the U.S. Securities and Exchange Commission (SEC) argue it can appeal against her ruling that Ripple didn’t violate securities laws in making XRP available to retai...

1 year ago

Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings.

Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval

Bankrupt crypto lender Celsius is to hold a vote on its plan to sell assets to the Fahrenheit consortium, after a judge on Thursday approved disclosures that suggested creditors can ex...

1 year ago

Ledger users can now buy crypto through the Ledger Live App using PayPal, with direct storage to their hardware wallet.

Ledger Adds PayPal as On-Ramp for Bitcoin, Ethereum Purchases

Hardware crypto wallet provider Ledger is launching a new on-ramp solution with PayPal. Owners of a Ledger Wallet can now use their PayPal accounts to acquire cryptocurrencies like&nbs...

1 year ago

Asia is emerging as a place for clearer crypto regulation, with Singapore and Hong Kong taking the lead.

Asia promotes crypto clarity amid regulatory uncertainty in the U.S.

Asia is promoting crypto clarity amid regulatory uncertainty in the U.S., and this could make the region more attractive to investors, according to industry observers. “Cryptocur...

1 year ago