Japanese authorities trace Monero, arrest 18 in $670K laundering case
The group of scammers had been under investigation since August by Japan’s new cybercrime unit.
The group of scammers had been under investigation since August by Japan’s new cybercrime unit.
The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits.
According to Odaily, a research report by Goldman Sachs indicates that the Bank of England is expected to accelerate its rate cuts. The report highlights that inflation and wage data, along with recent communications from the Bank of England, suggest a widespread market expectation of a 25 basis point rate cut in November. If inflation continues to decline, there are minimal obstacles to speeding up the rate cut process. Goldman Sachs economists still anticipate that by September 2025, the Bank of England will have consecutively reduced rates to 3%, which is faster than current market pricing.
According to Odaily, Ripple's Chief Legal Officer Stuart Alderoty recently commented on the U.S. SEC's formal appeal in the Ripple case, affirming that the ruling which determined XRP is not a retail security remains unchanged. Alderoty stated on X, 'This is not surprising at all—once again, everything is clear. The court's ruling that 'XRP is not a security' has not been appealed. This decision is the law of the land.'In its appeal, the SEC has challenged several key rulings, including the decision that Ripple executives Brad Garlinghouse and Chris Larsen's non-cash XRP distributions and sales did not violate securities laws. Ripple plans to file its own Form C next week as a cross-appeal against the institutional sales ruling. Both parties are preparing for an extended appeals process, which could impact the future classification and regulation of digital assets.Previously, it was reported that the U.S. SEC had formally appealed Judge Analisa Torres' ruling on XRP. On Thursday, the regulatory body submitted Form C to the U.S. Court of Appeals for the Second Circuit.
According to PANews, the Governor of the Central Bank of Brazil, Roberto Campos Neto, has announced plans to accelerate the regulation of asset tokenization and stablecoins by 2025. The bank is set to release new consultation opinions this month to gather more feedback on the approval rules for Virtual Asset Service Providers (VASPs) operating in the country. In a recent broadcast, Campos Neto stated that the bank is also working on establishing rules for VASPs. He disclosed that the bank will initiate a public consultation to seek opinions on the draft concerning the 'behavior, organization, and authorization processes' of these entities.
Since its introduction in 1999, the euro has lost approximately 85% of its value against gold due to monetary inflation.
Concerns increased over Tigran Gambaryan’s well-being on Oct. 18 after his illness prevented him from appearing in court.
According to BlockBeats, on October 18, Russian President Vladimir Putin announced that Russia will provide its BRICS partners with opportunities to use digital currencies in their investment processes.
According to BlockBeats, on October 18, the U.S. Securities and Exchange Commission (SEC) officially appealed Judge Analisa Torres's ruling on XRP. On Thursday, the regulatory body submitted Form C to the U.S. Court of Appeals for the Second Circuit, reigniting the legal debate over whether the sale of XRP on cryptocurrency trading platforms meets the criteria for securities.The SEC has raised questions about key aspects of the court's decision, including the acquittal of Ripple executives and the distribution of XRP in non-cash forms. The outcome of this case could have significant implications for the future regulation of cryptocurrencies.
Some executives at crypto and blockchain firms have suggested prioritizing US congressional races over the presidential election.