SEC files to settle lawsuit with Ripple, execs over civil penalty dispute
The US Securities and Exchange Commission (SEC) filed a proposed settlement agreement with Ripple, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen to resolve the Commission’s longstanding civil enforcement action…
SEC’s crypto task force lead criticizes ETF approval process, highlights need for patience
The head of the US Securities and Exchange Commission (SEC) Crypto Task Force, Hester Peirce, said the decade-long process that led to the approval of spot Bitcoin exchange-traded funds (ETFs)…
Former Celsius CEO Alex Mashinsky receives 12 years in prison over fraud scheme
Ex-Celsius CEO Alex Mashinsky was sentenced to 12 years in prison on May 8 for orchestrating a scheme that defrauded customers of the crypto lending platform by misrepresenting investment risks…
StanChart says Bitcoin could exceed $120K target for Q2 amid institutional, sovereign boom
Standard Chartered’s head of digital assets research, Geoffrey Kendrick, said Bitcoin (BTC) appears on track to reach new record highs sooner than expected, driven by mounting institutional inflows and a…
GENIUS Act stalls in Senate, lawmakers eye new proposal next week
The Senate denied the motion to invoke cloture on the motion to consider the GENIUS Act bill, which aims to regulate stablecoins in the US. The decision came with a…
UAE state-owned Emarat partners with Crypto.com to integrate Bitcoin, crypto payments at gas stations
Emirates General Petroleum Corporation (Emarat), the UAE’s federal government-owned fuel retailer, has partnered with Crypto.com to introduce crypto payments at fuel stations, marking a first in the Middle East and…
SEC considers crypto exemption to streamline tokenized securities trading
The US Securities and Exchange Commission (SEC) is reviewing a potential exemption order allowing firms to issue and trade securities using distributed ledger technology (DLT). SEC Commissioner Hester Peirce revealed…
OpenAI launches initiative to spread democratic AI through global partnerships
OpenAI launched a new initiative to help countries build artificial intelligence systems rooted in democratic values, according to a May 7 statement. The OpenAI for Countries initiative is part of…
Bitcoin hits $101k to reclaim six-figures as Trump confirms US, UK trade deal
Bitcoin (BTC) reclaimed the $100,000 mark for the first time in over two months, driven by bullish market sentiment, rising institutional adoption, and renewed macroeconomic confidence after President Donald Trump…
Ethereum Foundation boosts ecosystem with $32M in grants in Q1 2025
The Ethereum Foundation has announced the distribution of over $32 million in grants during the first quarter of 2025. According to the May 8 update, the funding was issued through…