Crypto Market News

Last week was marked by several interesting events. 

The main one is that the judge ruled that XRP is not a security in the SEC case against Ripple.

Judge Analisa Torres partially ruled in favor of the company in a case brought by the U.S. Securities and Exchange Commission (SEC) back in 2020. According to court documents, Judge Torres issued a summary judgment in favor of Ripple Labs, ruling that the XRP token is not a security, but only in relation to software sales on digital asset exchanges.

The price of XRP soared a few minutes after the news appeared. The case has been ongoing since December 2020, when the SEC sued Ripple and two of its executives over allegations of offering unregistered securities. But the SEC can appeal the decision, which may lead to its cancellation by a higher court.

Decentralized Chainlink Oracle Network (LINK) has launched its own Inter-network Communication Protocol (CCIP) for users with early access

Its task is to support internetwork applications and services. The innovative product works in Avalanche, Ethereum, Optimism and Polygon networks. Previously, it was successfully tested by 25 partners who started the migration process to the main network. Among them are the Aave decentralized finance protocol and the Synthetix liquidity platform.


Celsius Network fined $4.7 billion by the FTC, and CEO Arrested on fraud Charges

The US authorities have filed charges against the head of Celsius Alex Mashinsky in securities fraud, fraud with goods and fraud using electronic means. Former Revenue director Roni Cohen-Pavon and Mashinsky will also be charged with conspiracy, securities fraud, market manipulation and fraud using electronic means related to manipulation of the price of the Celsius token.

Mashinsky was arrested. The Commodity Trading Commission filed a complaint along with a $4.7 billion fine, alleging that its co-founders marketed the platform as a “safe place” for consumers to deposit their cryptocurrency, while misappropriating consumer assets worth more than $4 billion. On similar charges, the SEC also filed a lawsuit against the lender.

Europe’s First Bitcoin ETF to Debut in 2023 After a Year-Long Delay

Europe’s first Bitcoin spot exchange-traded fund (ETF) is due to launch before the end of the year. The Bitcoin ETF, created by London-based Jacobi Asset Management, was supposed to debut in July 2022, but was

This week, the first bitcoin futures contract in Latin America will be launched in Argentina, according to Matba Rofex, a trading platform.

New York prosecutor’s office accused the hacker of using the Solana exchange for $ 9 million

A former security engineer at an international technology firm has been arrested and charged with allegedly using a smart contract error to steal $9 million in cryptocurrency from a decentralized crypto exchange in Solana. The attack was carried out in July 2022 and consisted of exploiting a vulnerability in the exchange’s smart contracts to receive inflated commissions using instant loans.

The statement claims that the accused, Shakib Ahmed, “used his experience to deceive the exchange and its users and steal about $9 million in cryptocurrency.”

The indictment states that the U.S. Department of Justice will bring criminal charges if a person intentionally uses the protocol in a way that was not intended to be used.