Ripple’s legal counsel Bill Morgan has dismissed speculation that the U.S. government could seize XRP tokens from the company’s escrow accounts for national reserve purposes. Morgan’s blunt “No it won’t” response countered analyst John Squire’s claims about potential government confiscation of Ripple’s XRP holdings. Technical transfer mechanisms exist but face limitations XRPL validator “Vet” outlined … Read more
The U.S. Treasury Department on Thursday sanctioned Funnull Technology Inc., a Philippines-based firm allegedly at the center of a vast cyber fraud network enabling cryptocurrency scams. Funnull is accused of providing technical infrastructure for hundreds of thousands of websites linked to so-called “pig butchering” scams — complex social engineering schemes where fraudsters pose as romantic … Read more
Dubai’s Department of Finance (DOF), on 12 May 2025, signed a Memorandum of Understanding (MoU) with Crypto.com to enable crypto payments for various payment services. As a result of this collaboration, residents and businesses will be able to pay for services like visa fees, licensing, and utilities with crypto via Dubai Pay, the government’s digital … Read more
While speaking at the Digital Assets Summit in New York on 18 March 2025, Bo Hines, US President Donald Trump’s Executive Director on Digital Assets likened Bitcoin to Gold. Hines announced that the administration intends to acquire “as much Bitcoin as we can get.” “We look at Bitcoin—it’s not a security; it’s a commodity,” he … Read more
What Is the Idea? The concept is to place government spending and administrative processes on a blockchain network. This system would allow transparent tracking of government expenditures. Every transaction would be recorded on a tamper-proof ledger, visible to auditors, regulators, and the public. Key Benefits: Transparency: Every transaction can be viewed in real-time. Reduced Corruption: … Read more