Ripple Labs’ legal battle with the U.S. Securities and Exchange Commission (SEC) has reached a resolution that could reshape XRP’s future. The case, centered around allegations that Ripple illegally sold XRP as an unregistered security, concluded with Ripple agreeing to pay a $50 million settlement—less than half of the initial $125 million penalty. Importantly, Ripple…
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UN:BLOCK 2025 to Spotlight MiCA Licensing and Crypto Regulation in Europe
As regulatory frameworks begin to solidify across Europe, crypto professionals are preparing for one of the year’s most anticipated events: UN:BLOCK Conference 2025. Held at the Hanzas Perons venue in the heart of Riga, this year’s edition will bring together industry leaders, compliance experts, investors, and innovators for two days of strategic insight into the…
CPIC Investment Management Launches Hong Kong’s First Tokenized USD Money Market Fund
CPIC Investment Management (Hong Kong) (CPICIMHK), the investment management subsidiary of China Pacific Insurance Group (CPIC), has launched its CPIC Estable MMF, the first tokenized USD money market fund under Hong Kong’s Securities and Futures Commission (SFC) regulated fund structure framework. CPICIMHK is regulated by a number of relevant entities under the laws of Hong…
Upbit Operator Dunamu Triples Dividends Following Profit Surge
Dunamu, the parent company of South Korea’s largest cryptocurrency exchange Upbit, has announced a threefold increase in cash dividends to common shareholders following a sharp rise in annual profits. During its annual shareholder meeting on Friday, the company approved a dividend of 8,777 Korean won ($5.99) per common share for 2024, up from 2,937 won…
EU Proposes Capital Rule Requiring Insurers to Fully Back Crypto Holdings
The European Union’s insurance watchdog is proposing a stringent new rule that would require insurers to maintain capital reserves equal to the full value of their cryptocurrency holdings. The recommendation, made by the European Insurance and Occupational Pensions Authority (EIOPA) in a technical report to the European Commission on March 27, aims to shield policyholders…
Bitcoin Slides to $85K Despite $3B GameStop Buzz & BlackRock’s ETF Launch
Bitcoin’s price dipped to $85,000 even as BlackRock expanded its global Bitcoin footprint with the launch of its iShares Bitcoin ETP across Europe on March 25. Now trading on Xetra, Euronext Amsterdam, and Euronext Paris, the move reflects rising institutional interest beyond U.S. markets. Although inflows are expected to trail U.S.-based ETFs, analysts say BlackRock’s…
U.S. Spot Bitcoin ETFs Extend Inflow Streak to 10 Days, Longest Since December
U.S.-listed spot Bitcoin exchange-traded funds (ETFs) have recorded a 10-day streak of net inflows, marking their longest run of positive momentum since December last year. According to data from SoSoValue, Thursday’s total net inflow reached $89 million, with Fidelity’s FBTC leading the charge, receiving $97.14 million. BlackRock’s IBIT also saw a modest gain of around…
Dark Web Hackers Claim to Have Stolen User Data of Over 100K Gemini and Binance Users
Hackers operating on the dark web are claiming to possess and sell sensitive personal data of users from major crypto exchanges Gemini and Binance. A threat actor identified as “AKM69” has reportedly put up a database containing 100,000 user records allegedly linked to Gemini, according to a March 27 report by cyber threat monitoring site…
South Carolina Drops Lawsuit Against Coinbase Over Staking Services
South Carolina has officially dropped its lawsuit against cryptocurrency exchange Coinbase regarding its staking services, marking another win for the company in its legal battles across the United States. According to a joint stipulation filed on March 27, the South Carolina Attorney General’s securities division and Coinbase agreed to dismiss the case, which had accused…
French Bank Bpifrance to Allocate $27M to Buy ‘Little-Known’ Digital Assets
A French state-owned bank, Bpifrance, has built a $27 million fund for the acquisition of lesser-known cryptocurrencies, the bank announed Thursday. The investment bank has taken a unique approach to investing in “little-known” digital assets issued by French projects, instead of top-performing cryptos like Bitcoin. Through the fund, the bank aims to support local crypto…