In a letter sent Tuesday to members of the House Financial Services Committee and the Securities Exchange Committee (SEC), the lawyer called on the SEC for allegedly taking the court to circles despite evidence that XRP is not a security. XRP was simply "a virtual currency," as announced in 2015 by the Department of Justice's Civilian Division and Financial Crimes Enforcement Network (FinCEN) that XRP became the first regulated cryptocurrency in the United States.
Bitcoin's Price Rises to $23K and Over $600 Million Positions Liquidated
The crypto market continues its bullish momentum this week. According to Coinglass.com data, about $630 million has been liquidated in the crypto market in the last 24 hours. More than half of that value – $377 million – was in ETH trading, especially given its marked rise as of Monday.
Dubai's Metaverse Strategy Plans to Add $4 Billion to Economy by 2027
Dubai's crown prince, Hamdan bin Mohammed bin Rashid Al Maktoum, announced on Monday that the emirate will use the metaverse to create 40,000 "virtual jobs" and add $4 billion to its economy over the next five years.
Celsius Begins Restructuring, Receives Approval for Bitcoin Mining Facility
According to the latest documents, Celsius Network is moving forward with plans to carry out the financial restructuring. The company reportedly plans to spend $3.7 million to build a new facility and $1.5 million in customs and taxes to import Bitcoin mining rigs.
Skybridge Announces Suspension of Withdrawal of Funds from One of the Crypto Funds
"Our board has decided to temporarily suspend it until it raises capital within the fund," Scaramucci told CNBC. "The fund is unleveraged, so there is absolutely no fear of liquidation, and about 18% of the fund is being evaluated in the crypt." Scaramucci said an independent board also supported the decision.
BNP Paribas Explores Crypto Custody Services
BNP Paribas, one of the world's largest banking groups, is reportedly considering partnering with a digital asset custody company. The French bank currently has about $13 trillion in assets under management. He joined a long list of institutional firms at BNP Paribas, including Fidelity and Société Générale that want to offer crypto services to their clients.
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