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Ripple execs lash out at SEC’s refusal to postpone appeal filing

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Ripple’s Chief Legal Officer, Stuart Alderoty, has criticized the U.S. Securities and Exchange Commission (SEC) for refusing to delay the filing of its appeal brief in the ongoing legal battle against the blockchain firm. Alderoty expressed his frustration on social media, labeling the SEC’s persistence as a “waste of time and taxpayer dollars,” yet reaffirmed confidence in Ripple’s position as the case advances to the appellate court.

This development comes amid significant changes in the SEC’s leadership, with Chair Gary Gensler set to resign on January 20. Ripple’s CEO, Brad Garlinghouse, echoed Alderoty’s sentiments, suggesting that the SEC’s approach to cryptocurrency enforcement could shift under the incoming administration. Garlinghouse hinted at a more favorable regulatory environment for digital assets following the leadership transition.

The SEC’s lawsuit against Ripple, initiated in December 2020, alleges that the company conducted an unregistered securities offering through its sale of XRP tokens. In August 2024, a judge ruled that Ripple was liable for $125 million, asserting that XRP was used as an unregistered security to raise funds. The SEC’s decision to proceed with the appeal, despite the imminent change in leadership, indicates the regulator’s commitment to pursuing the case.

As the legal proceedings continue, the cryptocurrency industry is closely monitoring the case, which could set a precedent for how digital assets are regulated in the United States. The outcome may influence future enforcement actions and provide clarity on the classification of cryptocurrencies as securities. Ripple’s leadership remains steadfast in their defense, anticipating constructive engagement with the SEC’s new leadership to resolve the matter.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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