Features Crypto News by Thebittimes.Com

As much as Donald Trump’s re-election triggered a massive rally across multiple assets, XRP significantly benefited from the confirmation that the now-former Securities and Exchange Commission (SEC) Chair Gary Gensler would resign on January 20. Indeed, the events of the final months of 2024 caused a storm, sending the token from $0.51 on November 1 to a high near $3.35 and, finally, to its press time price of $3.20. All in all, XRP has rallied a total of 492.16% by January 30, 2025, since the start of November. XRP 6-month price chart. Source: Finbold Still, the performance since the January 20 Trump inauguration and Gensler’s resignation has been substantially more tame. Picks for you Nexo wins the Most Exciting Payments Solution of 2025 INATBA award  2 hours ago ...

The British Columbia Securities Commission (BCSC) says the now-defunct crypto exchange Einstein Exchange operated as a Ponzi scheme after becoming insolvent in 2018. The BCSC has disclosed its allegations against Michael Ongun Gokturk, the sole director of three now-defunct crypto companies Einstein Exchange Inc., Einstein Capital Ltd., and Einstein Law Corporation. In the document, the Canadian securities regulator says that after becoming insolvent in January 2018, Gokturk operated Einstein Exchange as a Ponzi scheme “by continuing to accept deposits and paying out some customers with money and crypto assets drawn from the pooled bank accounts and wallets.” Despite claims that Einstein Exchange served as a counterparty to customer trades, the BCSC contends that the firm failed to secure corresponding crypto assets to fulfill these transactions. You might also like: Canada: Einstein Cryptocurrency Exchange Loses Customers’ Funds Moreover, the exchange al...