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Ripple Labs and CEO come under fire amid rumors of a Trump meeting

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Ripple CEO Brad Garlinghouse is facing growing criticism after rumors emerged suggesting he recently met with former U.S. President Donald Trump. The speculation, which surfaced through social media and unverified sources, has sparked concern among Ripple’s supporters, some of whom worry about the implications such a meeting might have on the company’s reputation and its ongoing legal battles with the U.S. Securities and Exchange Commission (SEC).

The rumors gained traction after an anonymous source claimed that Garlinghouse had a private discussion with Trump, potentially centered around the future of digital currencies in the U.S. While neither Garlinghouse nor Trump’s team has confirmed the meeting, the mere suggestion has created a stir within the cryptocurrency community. Critics argue that associating with a polarizing political figure like Trump could alienate key investors and regulatory bodies, especially at a time when Ripple is fighting to prove that its XRP token should not be classified as a security.

Ripple, which has long advocated for clearer regulatory frameworks for cryptocurrencies, has faced significant legal challenges from the SEC. The company’s ongoing lawsuit, which began in 2020, has cast a shadow over its operations, leading to an uncertain future for XRP in the U.S. As a result, many industry observers have urged Garlinghouse and other Ripple executives to avoid politically charged affiliations that could further complicate their legal and regulatory positioning.

Garlinghouse has not publicly commented on the rumors, but the controversy underscores the challenges that cryptocurrency companies face as they navigate both legal hurdles and public perception. With Ripple’s ongoing battle against the SEC, the company’s leadership will likely be under increasing scrutiny as it seeks to maintain investor confidence and secure a favorable outcome in its high-profile case.

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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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