More entities back Ripple as SEC seeks extension

The number of firms backing Ripple (XRP) against the U.S. SEC has increased to 12, with the latest being a Wyoming-based decentralized organization VeriDAO, which filed an amicus brief on Nov. 3. According to the court filing, the SEC had brought a lawsuit against the DAO that its VERI tokens were unregistered securities on Aug. … Read more

Grayscale files opening brief in Bitcoin ETF battle against SEC

Rallying support for a U.S. spot Bitcoin exchange-traded fund (ETF), Digital Currency Group (DCG) CEO Barry Silbert said it is time the SEC approved one. The comments came as Grayscale Investments, a subsidiary of DCG, filed its opening brief against the securities regulator, which has continually rejected and delayed spot BTC ETF applications. Grayscale currently … Read more

Couple mistakenly paid $10.5M by Crypto.com defends spending spree as contest winnings

Partners Thevamanogari Manivel and Jatinder Singh stand trial in Australia on charges of theft related to a $10.5 million error on the part of Crypto.com. In May 2021, the crypto exchange mistakenly processed a $100 refund to Manivel as $10.47 million. However, it wasn’t until December 2021 that an internal audit picked up on the … Read more