San Francisco Financial News

20.07 / 13:01

Ripple XRP SEC Amici status update: SEC’s latest filing aims at XRP holders and…

The ever-lasting litigation between the U.S. regulator (SEC) and the San Francisco-based fintech firm, Ripple, continues to see new developments. It seems, for a while, the theme of this lawsuit became granting the amici status (or not).

19.07 / 20:45

Binance coinbase Gemini Kraken Coinbase, Binance, and Kraken Take Top Three Spots in Updated Crypto Exchange Ranking

Major crypto exchanges Coinbase, Binance, and Kraken sit in the top three spots for the second quarter of this year, according to the ranking by Paris-based data provider Kaiko.

07.07 / 15:45

UPS Ripple XRP SEC SEC vs. Ripple: Is the regulator moving to strike every single witness in the lawsuit?

The lawsuit between the American regulators (SEC) and the San Francisco-based fintech firm Ripple continues to see new developments. This time the topic of discussion is Amici Curiae, which John E. Deaton filed for. He further asked the U.S District Judge Analisa Torres to consider the views of XRP holders.

30.06 / 09:13

European Union Energy What the Commission wants you to do to save energy as Russia cuts taps

The European Commission is expected to unveil a common European Emergency Demand Reduction plan in July in a bid to be prepared should Russia turn off the oil and gas taps further.

29.06 / 23:09

European Union Prison R&B singer R Kelly sentenced to 30 years in prison for sex trafficking, racketeering

Fallen music star R Kelly was sentenced on Wednesday to 30 years in prison in a US federal sex trafficking and racketeering case in New York.

29.06 / 20:51

European Union NATO Ukraine war: Five things you need to know about the conflict this Wednesday

The Russian-controlled region of Kherson in southern Ukraine has begun preparations for a referendum on joining Russia, according to a local official.

29.06 / 18:35

NATO Deal Turkey demands Sweden and Finland extradite 'terrorists' after NATO deal

Turkey will renew requests for Sweden and Finland to extradite individuals it considers "terrorists" after the countries reached a deal over the Nordic nations' NATO membership bids, Justice Minister Bekir Bozdağ said on Wednesday.

29.06 / 13:07

Ethereum Ethereum 2.0 Proof-of-stake Ethereum staking Anchorage launches Ethereum staking for institutional investors

Anchorage Digital, a San-Francisco-based digital platform that owns the first federally chartered crypto bank, will open an option to stake the Ethereum (ETH) for institutions. This move comes in anticipation of the Ethereum network’s long-promised shift from proof-of-work (PoW) to proof-of-stake (PoS) protocol.

25.06 / 07:45

business Tether World Bitcoin Tether: The coin that could wreck crypto

David Yaffe-Bellany (Circuits)

24.06 / 00:39

Ripple XRP SEC Ripple CEO criticizes SEC for 'contradictions' on crypto regulations

Brad Garlinghouse, the chief executive officer of Ripple Labs, has claimed the United States Securities and Exchange Commission, or SEC, has inconsistently imposed regulations on crypto firms in the country.

15.06 / 21:03

business Blockchain Kraken Kraken reiterates hiring targets as CEO denounces 'woke activists' in corporate culture

On Wednesday, cryptocurrency exchange Kraken announced that it would continue to hire over 500 roles in various departments amidst a market downturn. The company's hiring efforts are in stark contrast to a week of severe layoff announcements from major blockchain firms such as Coinbase, BlockFi, etc. In support of the decision to expand its staff, Kraken said:

15.06 / 08:35

Ethereum coinbase Bitcoin Coinbase to cut 1,100 jobs amid turmoil in crypto markets

San Francisco: Cryptocurrency exchange Coinbase Global Inc said on Tuesday it would slash 18% of its workforce, or about 1,100 jobs, as part of efforts to rein in costs amid volatile market conditions. The layoffs come a day after Bitcoin fell as much as 14% after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers, in the latest sign of the financial market downturn hitting the cryptosphere. Coinbase said earlier this month that it would extend its hiring freeze for the foreseeable future and rescind a number of accepted offers.

14.06 / 18:43

Digital Ripple XRP SEC XRP, Hinman’s speech, Stuart Alderoty’s comments- Making sense of it all

The SEC filed a lawsuit in December 2020 against San Francisco-based firm Ripple Labs. The fintech firm allegedly raised funds through the sale of digital assets known as XRP in unregistered securities. It’s been more than two years, but a concrete outcome to this litigation seems far away.

13.06 / 20:27

business Stablecoin Binance Terra Usd Bitcoin Binance U.S. exchange sued by crypto investor over stablecoin collapse

Binance U.S. and its CEO were sued on Monday by a U.S. investor who alleges the cryptocurrency exchange falsely marketed Terra USD as a safe asset ahead of the so-called stablecoin's collapse in value last month.

06.06 / 19:37

Blockchain Linux hyperledger Bitcoin ‘CBDCs are the natural evolution,’ says HyperLedger director Barbosa

For Daniela Barbosa — general manager of blockchain, healthcare and identity at the Linux Foundation and executive director of Hyperledger — digital currencies and cryptocurrencies have made it among the big banks at the World Economic Forum in Davos.

03.06 / 07:43

business Scams FBI Crypto scams 'Pig slaughtering' crypto scams reap millions on Silicon Valley dating apps

Lonely hearts in Silicon Valley are reportedly falling prey to a wave of "pig slaughtering” crypto scams via dating apps.

02.06 / 18:17

ADP rate hikes vice chair Fed Vice Chair Lael Brainard says it's 'very hard to see the case' for the Fed pausing rate hikes

Federal Reserve Vice Chair Lael Brainard said Thursday that it's unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon.

01.06 / 20:03

Target Progressive rate hikes The Fed's Mary Daly says rate hikes should continue until inflation is tamed

San Francisco Federal Reserve President Mary Daly said Wednesday she backs raising interest rates aggressively until inflation comes down to a reasonable level.

29.05 / 12:35

Ripple XRP SEC XRP lawsuit: Mixed reactions as the SEC works with Defendant to make…

The legal tussle between Ripple, the San Francisco-based cross-border payment firm, and the United States Securities and Exchange Commission (SEC) continues to grow every day. Rarely does one gets to see two opponents collaborating under the same umbrella. A rare occasion indeed.

25.05 / 11:57

business Blockchain Adoption Google Google seeks fresh talent to lead global Web3 team

Following the establishment of a Web3 team under Google Cloud on May 6, tech giant Alphabet’s Google is now on the lookout for a full-time candidate to lead its Global Web3 marketing strategies.

22.05 / 15:05

Ripple XRP SEC AIM SEC v. Ripple – Amici takes aim at Doody’s ‘reasonable’ XRP holders assertion

The lawsuit between American regulators (SEC) and the San Francisco-based fintech firm Ripple continues to see new developments. Ergo, it is perhaps no surprise that holders of XRP have grown impatient given the dynamics and volatility of the cryptocurrency space.

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