Fitch Ratings warns of high market value risk for Bitcoin-backed securities due to potential sharp price swings, emphasizing the need for caution in the cryptocurrency market.
A Ripple executive provides clarity on XRP’s regulatory status in the U.S., affirming it as a virtual currency and not a security, and discusses Ripple’s push for growth.
Ripple has raised $500 million at a $40 billion valuation but remains committed to staying private, citing strategic investor relationships as the reason to avoid an IPO. Learn more about its decision and its implications.
The U.S. SEC has classified third-party Bitcoin mining contracts as securities in a $48 million fraud case, providing clarity on its stance on investment agreements related to cryptocurrency mining.
The DeFi Education Fund has pushed back against Citadel Securities’ call for stricter regulations on DeFi platforms dealing with tokenized stocks, arguing that such measures would hinder innovation in the DeFi space.
Citadel Securities invests $500M in Ripple while opposing DeFi exemptions, signaling a shift in institutional crypto investment strategies.