• Ripple CEO Brad Garlinghouse expects a court ruling in the SEC’s case against the company in ‘weeks.’
• AEW is entering NFT space, despite WWE Moonsault’s declining engagement.
• North Korean crypto wallets have been sanctioned and Binance has helped Treasury seize $4.4M worth of crypto assets.
Ripple CEO Expects Court Ruling
Ripple CEO Brad Garlinghouse recently stated that he expects a court ruling in the SEC’s case against the company within „weeks“ rather than months or years. The case centers around whether Ripple’s XRP token is a security or not, and Garlinghouse believes that the court will rule in Ripple’s favor.
AEW Ventures Into NFT Space
All Elite Wrestling (AEW) has announced its plans to venture into the non-fungible token (NFT) space, despite WWE Moonsault’s declining engagement with their own NFT project. AEW is partnering with startup Fyooz to introduce its own NFT marketplace for fans and collectors alike.
North Korean Crypto Wallets Sanctioned
The U.S Department of Treasury recently imposed sanctions on two North Korean crypto wallets suspected of being linked to malicious activities conducted by the regime such as money laundering and cybercrimes. Binance revealed that it had assisted in seizing over $4 million worth of cryptocurrency from these wallets as well as other entities connected to them.
Coinbase’s Base Announces Mainnet Plans
Coinbase’s Base protocol has announced plans to launch its mainnet this summer after successfully completing several testnets earlier this year. The protocol will be used to facilitate peer-to-peer trading on Coinbase Pro and will also serve as an infrastructure layer for developers building decentralized finance applications (DeFi). In addition, members of Aave’s community have expressed interest in integrating with Base once it goes live on mainnet.
BTC-e Founder Accused Of Money Laundering Seeks To Be Freed
Alexander Vinnik, founder of now defunct Bitcoin exchange BTC-e, is seeking his release from Greek prison through a prisoner exchange program between Russia and Greece following accusations of money laundering charges brought against him by U.S authorities back in 2017 . He was arrested by Greek police at a hotel near Thessaloniki airport while vacationing with his family at the time and sentenced to five years imprisonment last year after being found guilty of laundering nearly 4 billion euros ($4.7 billion) through BTC-e alone