Markets

Ripple Acquires Crypto Wallet and Custody Firm Palisade

In brief The firm will slide Palisade’s offerings into its Ripple Payments and Ripple Custody solutions. Ripple acquired Hidden Road and GTreasury in billion dollar deals earlier this year. Ripple ended a four-year legal battle with the SEC this August. Ripple has acquired digital wallet provider and custody firm Palisade, the blockchain-based financial technology company…

Law and Order

Criminal Crypto Use Is Becoming ‘Increasingly Sophisticated’, Says Europol

In brief Europol said misuse of crypto is “becoming increasingly sophisticated,” straining national police resources. Experts have called for global standards and unbiased blockchain training to strengthen cross-border investigations. A recent conference highlighted the need for cooperation between public and private sectors as crypto crime evolves. The head of Europol’s European Financial and Economic Crime…

Law and Ordermatic-network

Romanian Regulator Blacklists Polymarket as ‘Gambling That Must Be Licensed’

In brief Romania’s gambling regulator blacklisted Polymarket in the country. The regulator said it meets the definition of counterparty betting as users put up a stake, and a future event determines the outcome. Of particular concern was expanding volumes on Romanian elections, which have stretched into the millions of dollars. Leading prediction market Polymarket was…