Coinbase, the largest U.S.-based exchange, has relisted XRP | The Crypto Basic on Binance Square

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Coinbase, the largest U.S.-based exchange, has relisted XRP for trading for its users who are residents in New York. 

#CoinbaseListing #Xrp🔥🔥 #Crypto #CryptoNews🚀🔥V #CryptoNewsDaddy 

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The #Ethereum Foundation has announced a $1.25 million donation to support the legal defense of Tornado Cash developer Alexey Pertsev. This development follows Pertsev’s release from jail to prepare for his appeal. Pertsev, one of the developers behind the privacy-focused protocol Tornado Cash, had been sentenced to 64 months in a Dutch prison on money laundering charges. In its statement announcing monetary support for Pertsev’s defense, the Ethereum Foundation affirmed its stance on digital privacy and the rights of developers. It stated, “Writing code is not a crime, and privacy is a fundamental right.” Recall that in December 2024, Ethereum co-founder Vitalik Buterin also contributed 50 ETH—valued at approximately $170,000 at the time—to assist with the legal expenses of both Pertsev and his fellow Tornado Cash developer, Roman Storm. Ethereum Foundation Pledges Support In 2024, Pertsev was convicted after authorities alleged that he failed to prevent illicit transactions on Tornado Cash. The indictment accused him of enabling money laundering activities by facilitating anonymous transactions on the blockchain. Dutch prosecutors argued that he should have anticipated the misuse of the protocol. Meanwhile, the case against Tornado Cash has raised concerns about the legal treatment of software developers. Prosecutors have sought to establish criminal liability for developers based on how third parties use their software. The Ethereum Foundation’s contribution follows a similar move by Paradigm, whose co-founder Matt Huang pledged $1.25 million to support Roman Storm in his legal battle. #CryptoNewss

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The rate at which corporate and private institutions adopt the #Bitcoin standard has surged extensively in the past year as the asset continues to go mainstream. Confidence in Bitcoin has grown faster than that of any other asset class in history. The pioneering cryptocurrency has seen staggering mainstream adoption recently, mirroring that seen in the internet’s early days. A recent report details this growing embrace of the asset, once seen as a bubble. According to the piece published by Bitcoin-only financial institution Rivers Financial, the adoption rate has increased extensively in the past two years. Public Companies Massively Stacking Bitcoin The Tuesday report discloses that the adoption rate among public companies has increased by an impressive 80% since January 2024, with 81 firms now holding Bitcoin on their balance sheets. Reminiscing further backward, the numbers have grown by 139% since 2023, with three Nasdaq 100 and two S&P 500 companies now adopting the Bitcoin standard. Notably, this escalating adoption follows the burgeoning feat Strategy (formerly MicroStrategy) achieved by simply adopting Bitcoin as its primary reserve asset. For context, its stock MTSR has surged a jaw-dropping 1,752% in five years, recently entering the Nasdaq 100, due to its impressive performance. Recently, public firms like Matador, Kurl Technology, Rumble, and Metaplanet, to mention but a few, adopted the Bitcoin standard. This bias has further indicated confidence in the largest cryptocurrency by market cap. #cryptonewstoday

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The U.S. Securities and Exchange Commission has officially concluded its long-running investigation into #Uniswap Labs with no enforcement action. The inquiry, which lasted multiple years, focused on whether the company operated as an unregistered securities exchange, issuing unregistered securities. Last year, the commission issued a Wells Notice to Uniswap, signaling potential enforcement action. However, the decision to close the case without any charges indicates that the company has not violated existing regulations. Uniswap Labs Compliance Uniswap Labs has stated that it operates within the boundaries of all applicable laws. The company emphasized that its platform provides greater market transparency, efficiency, and accessibility. Furthermore, the company has maintained that its technology strengthens financial markets by removing centralized control and allowing users to retain custody of their assets. Uniswap believes that the broader DeFi ecosystem may find increased regulatory clarity after the recent SEC decision. Moreover, it indicated a willingness to engage with regulators and policymakers to establish clear guidelines for DeFi. The company sees constructive discussions as essential to shaping regulations that fit emerging financial models. #CryptoNewss

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