Topic: crypto

The post Will XRP Price Hit a New All-Time High Before June 17? appeared first on Coinpedia Fintech News XRP is once again in the news, and an important date is coming up — June 17. On this day, the U.S. government’s financial watchdog, the SEC, will make a decision about a new XRP Spot ETF. Many analysts believe this could help push the price of XRP higher. What’s Happening on June 17? Recently, …

The post Shaquille O’Neal Agrees to $1.8M FTX Settlement appeared first on Coinpedia Fintech News NBA legend Shaquille O’Neal has agreed to pay $1.8 million to settle a lawsuit alleging he misled investors by promoting now-bankrupt crypto exchange FTX. The settlement, if approved, will resolve a class action case filed in Florida federal court. What Happened? The collapse of FTX in late 2022 shook the entire cryptocurrency market. O’Neal, along …

The post U.S. Senate Overwhelmingly Votes to Advance GENIUS Act: What Next? appeared first on Coinpedia Fintech News The United States Senate voted in favor of advancing the GENIUS Act with a 68 to 30 vote on Wednesday, June 11. In a bid to regulate the stablecoin market, which has grown to more than $254 billion in market capitalization, the U.S. Senate came together across both major parties to support the GENIUS Act.  …

The post FTX Repayment Faces Scrutiny Over KYC Issues and Pending Claims appeared first on Coinpedia Fintech News FTX, the bankrupt cryptocurrency exchange, is under scrutiny as users report over $2.2 billion in disputed claims, raising serious concerns about the fairness and transparency of the ongoing repayment process. $2.2 Billion in FTX Claims Still Disputed Despite beginning its second round of repayments on May 30, where over $5 billion in digital assets were …

The post Connecticut Passes Bill that Bans State from Bitcoin and Virtual Currency Investments  appeared first on Coinpedia Fintech News The state of Connecticut has passed a law to prohibit the state from investing in Bitcoin (BTC) or in any other virtual currency. The bill dubbed HB7082 and officially titled “An Act Concerning the Regulation of Virtual Currency and State Investments” imposed a comprehensive ban for the state and local governments from investing into crypto …

The post ‘Let Ripple Go’: SEC Chair’s Comments Reignite Push for XRP Freedom appeared first on Coinpedia Fintech News SEC Chair Paul Atkins recently opened up about the agency’s crypto stance on self-custody. Speaking at the SEC’s final Crypto Task Force Roundtable titled “DeFi and the American Spirit,” Atkins implied a more open stance, marking a clear break from the agency’s previous hostile approach. SEC Chair Paul Atkins says the right to self custody …

The post Pro-XRP Lawyer Fires Back at VanEck for Favoritism During Ripple-SEC Lawsuit appeared first on Coinpedia Fintech News Ripple’s legal battle with the SEC continues to make headlines. Attorney Bill Morgan took to social media and criticised VanEck for playing both sides. Morgan brought to attention VanEck’s inconsistency as they pushed for fairness in ETFs, but chose to remain silent for XRP when it was in a similar situation.  Don’t recall you complaining …