The following is a guest article from Matthew Niemerg, co-founder of Aleph Zero. The Fifth Circuit Court of Appeals handed down a landmark ruling yesterday that could fundamentally reshape how cryptocurrency protocols are regulated. In Van Loon v. Department of Treasury, the court found that the Treasury Department’s Office of…
Ripple Lab’s new stablecoin Ripple USD (RLUSD) is set to receive approval from the New York Department of Financial Services (NYDFS) and may be ready for launch by Dec. 4, Fox Business reported citing people familiar with the matter. Once Ripple Labs receives the approval, it will be able to…
A coalition of Canadian media organizations has launched a lawsuit against OpenAI, claiming the company’s ChatGPT product infringed copyrights by utilizing their journalism without authorization, according to a Nov. 29 court filing. The plaintiffs include prominent outlets such as CBC/Radio-Canada, The Toronto Star, and The Globe and Mail. They are…
CryptoQuant community analyst Maartunn highlighted that XRP’s current price increase is a “leverage-driven pump,” with a similar event in the past ending in a 17% correction. According to CryptoSlate data, XRP was priced at $1.72 as of press time, up 16.4% over the past 24 hours to become one of…
North Korean hackers have stolen billions in cryptocurrency and sensitive corporate data by impersonating venture capitalists, recruiters, and remote IT workers. Researchers made the revelations during Cyberwarcon, an annual cybersecurity conference, on Nov. 29. According to Microsoft security researcher James Elliott, North Korean operatives have infiltrated hundreds of global organizations…
Tron founder Justin Sun ate the banana duct-taped to a wall, which he recently bought for $6.2 million at Sotheby’s. The event took place at the Peninsula Hotel in Hong Kong. The artwork, titled “Comedian,” was created by Italian artist Maurizio Cattelan and gained global fame in 2019 when it…
Solana-based memecoin launchpad Pump.Fun experienced a sharp 33% decline in revenue this week after disabling its live-streaming feature. According to DefiLlama data, the platform’s revenue fell from $5 million to $3.6 million in just one day, marking its most significant single-day drop since March. The decision came after a series…
The Central Bank of Brazil (BCB) has unveiled a regulatory proposal prohibiting centralized exchanges from allowing users to withdraw stablecoins to self-custodial wallets. According to the public consultation notice, the transfer of stablecoins — called “tokens denominated in foreign currencies” — between residents would be restricted in cases where Brazilian…
Chinese gaming giant Boyaa Interactive, listed on the Hong Kong Stock Exchange, has shifted a significant portion of its crypto holdings from Ethereum to Bitcoin. According to a Nov. 29 filing, the company said it converted 14,200 ETH into approximately 515 BTC in an open-market transaction valued at $49.48 million.…
Bitcoin and Ethereum are on track to post their most significant monthly gains since February, fueled by market optimism following Donald Trump’s election win. Data from CoinGlass highlights November as one of Bitcoin’s strongest months this year. The flagship crypto has surged over 38%, marking its second-best monthly performance in…