The payment to the American Yacht Group was disclosed under the category of payments benefiting any insider within one year before the crypto exchange collapsed.
Lawyers argued the SEC’s grounds for an appeal was based on “dissatisfaction” with a July court decision that the XRP token did not largely qualify as a security.
A proposed contract with the Kentucky Power Company would have allowed Ebon International to receive a discounted rate for service at its crypto mining facility over a decade.
Christian Duffus, founder of Fonbnk, believes a lack of basic infrastructure such as telecommunications is slowing down cryptocurrency adoption in Africa.
The U.S. Department of Commerce denied blocking AI chip sales to the Middle East and remained silent about whether the requirements were only imposed on specific countries.
Despite a blanket ban on cryptocurrencies imposed by Beijing in 2021, many Chinese courts over the years have established that virtual asset holders have property rights.