Cryptocurrency exchanges OSL, Beaxy, and CrossTower suspended trading in XRP on Dec. 23 after the U.S. Securities and Exchange Commission filed a lawsuit claiming the fourth-largest cryptocurrency is an unregistered security sold by American blockchain giant Ripple.
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BitMEX CEO Arthur Hayes facing jail for AML violations
The derivatives exchange’s founder has been charged with violating anti-money-laundering laws by the U.S. Attorney, and sued by that CFTC for the same thing
Hayes, along with the Seychelles-based cryptocurrency derivatives exchange’s co-founders Benjamin Delo, Samuel Reed, and head of business development Gregory Dwyer have been charged with violating the Bank Secrecy Act and conspiring to violate the Bank Secrecy Act by failing to put sufficient anti-money-laundering safeguards in place. Each charge carries a maximum penalty of five years in prison.
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Craig Wright is going to trial
After two years, the preliminaries in Ira Kleiman’s $10 billion lawsuit against the man who claims to be Satoshi Nakamoto are over and the argument is heading to a jury
Wright, chief scientist of nChain and genuinely father of the Bitcoin SV cryptocurrency, has long claimed to be Nakamoto, which would give him possession of the 1.1 million BTC. While virtually no one in the cryptocurrency industry believes his claim, the estate of Wright’s late partner at the time those bitcoins were mined in the project’s early days, Dave Kleiman, does and wants half.
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Ripple CEO Brad Garlinghouse says he is more interested in XRP's liquidity than in its price (Photo: Ripple)What’s up with Ripple?
The international financial transactions business has been up and running for years, yet it still gets a lot of flak for its influence over the third-largest cryptocurrency, XRP
Ripple has the distinction of being one of the largest companies in the cryptocurrency and blockchain business that is up and running and working with hundreds of customers, including a couple of major banks. Yet for all those achievements, it is among the most controversial companies in DeFi, with a host of critics.
