Ripple, the cross-border payment protocol company, challenged the SEC’s proposed $2 billion penalty in the US, arguing that a more reasonable fine of around $10 million would be more appropriate. In their latest court submission, Ripple Labs challenged the SEC’s proposal of imposing a penalty of around $2 billion on the company before a federal … Read more
EU’s major banks are considering joining the cryptocurrency sector due to the clear guidelines provided by the MiCA regulations adopted by the European Union. This is according to Lukas Enzersdorfer-Konrad, the deputy CEO of Bitpanda, who told CryptoMoon: “European banks are moving into crypto as an asset class and tokenization technology, because MiCA, the upcoming … Read more
The Philippines’ Securities and Exchange Commission (SEC) instructed Google and Apple to take down the Binance app from their app markets for Filipino users. The SEC announced on April 23 that it’s collaborating with major tech firms to take down apps connected to Binance, the renowned cryptocurrency company. These companies were reportedly given individual notices … Read more
PayPal removes protections for NFT buyers and sellers PayPal is quietly removing safeguards for NFT (non-fungible token) transactions on its platform. Starting May 20, PayPal’s updated policies will no longer offer buyer and seller protections for Non-Fungible Token (NFT) purchases. According to the company’s policies page, NFTs are now ineligible for coverage under PayPal’s Purchase … Read more
Approximately fifty to one hundred cryptocurrency “whale” wallets, holding between six and seven figure value in assets, are currently unable to withdraw their funds from various Decentralized Finance (DeFi) bridge contracts. One of the whale wallets is connected to Ethereum co-founder Vitalik Buterin, holding more than a million dollars’ worth of assets that have been … Read more
Scammers have taken advantage of Telegram’s backing for The Open Network (TON) blockchain and its planned integration of the Toncoin token, deceiving unwary token holders. A cybersecurity company named Kaspersky has provided details to CryptoMoon about a deceitful scheme aimed at swindling Toncoins (TON) from Telegram users across the globe. Based on information from Kaspersky’s … Read more