Author: Admin
In August, Ripple’s long-running legal battle over XRP saw a major development. However, with the U.S. Securities and Exchange Commission (SEC) likely to appeal, a new chapter may begin. Former SEC attorneys shared details into the agency’s potential appeal strategy, focusing on programmatic sales and their classification as unregistered securities. Fox Business journalist Eleanor Terrett took her X handle and revealed that a former SEC lawyer who recently left the agency says the SEC will “probably” appeal Judge Torres’s July 2023 ruling on XRP programmatic sales in the Ripple case. According to him, many at the SEC believe the ruling…
The cyberattack on crypto exchange WazirX in July, that led to a loss of about Rs 2,000 crore in digital assets, had originated from their end, according to its security partner and digital asset custody company, Liminal Custody. In Short Liminal Custody, a digital asset custody company, has claimed the cyberattack that hit its security partner and cryptocurrency exchange, WazirX, happened at the latter’s end as per audit findings. A comprehensive review of Liminal Custody’s web application, including its front end, User Interface (UI) and backend was conducted by audit firm Grant Thornton. The audit firm said it did not find any…
A cryptocurrency investor earned $131.72 million by buying Ether during the 2022 market downturn and holding onto it through two years of market uncertainty. Blockchain analytics firm Lookonchain identified the investor’s wallet, highlighting the risks of panic selling. This individual, described as having “diamond hands,” held onto 96,639 ETH purchased from Coinbase in early September 2022 when Ethereum was priced around $1,567. By adopting a long-term holding strategy, the investor acquired $151.42 million worth of ETH. In March 2024, they transferred 70,000 ETH—about 72% of the original purchase—into Kraken, when Ether was trading at $3,062. This transfer was worth $214.34 million. The investor still…
The partnership targets real-time visibility into asset reserves, regulatory compliance, and seamless interoperability across different blockchain networks. Key Takeaways Chainlink Labs and Fireblocks have joined forces to deliver a comprehensive technology solution for issuing and managing stablecoins, as announced by Chainlink on Tuesday. The integrated platform combines Fireblocks’ secure custody and management capabilities with Chainlink’s decentralized oracle network to provide a single, end-to-end solution for stablecoin issuers. “Chainlink and Fireblocks offer a powerful suite of technology services that, when combined, are poised to accelerate market growth for all forms of tokenized money, such as stablecoins,” Angie Walker, Global Head of Banking and…
The Polygon Network recently underwent a technical upgrade to migrate their native token from MATIC to POL. Following the migration, the new token’s price struggled to gain momentum, failing to reclaim the $0.39 resistance level. However, Binance’s recent listing of POL has pumped its price above key levels. Binance Completes Polygon Token Migration On Friday morning, global exchange Binance completed the token migration from MATIC to POL. The exchange had stated it would support Polygon’s token swap by delisting all MATIC trading pairs and suspending deposits and withdrawals on September 10. Additionally, the platform revealed it would add POL spot trading pairs…
After moving to Farcaster, Vitalik Buterin appears to be back on X with over 150 posts or replies in the last month. Source link
Pro-crypto Representatives noted the need for a freer financial system, while more skeptical lawmakers blamed DeFi for crime, scams, and tax evasion. United States lawmakers were divided down party lines at the first-ever Congressional hearing on decentralized finance (DeFi). The House Financial Services Committee’s Sept. 10 hearing — “Decoding DeFi: Breaking Down the Future of Decentralized Finance” — aimed to explore emerging topics like tokenization and how blockchains can be used in finance. The nearly two-and-a-half-hour-long hearing highlighted the disunity between Republican and Democratic lawmakers over the technology. Republican subcommittee chair French Hill opened the hearing by stating, “Substituting intermediaries for autonomous, self-executing…
Bitcoin (BTC), the largest cryptocurrency by market cap, seems to bounce back after hitting a monthly low of $55,500. Despite a 10% drop in recent days, the price has surged over 5% in the past three days, indicating a potential price reversal on the horizon. In a series of X posts, VirtualBacon warns of a Bitcoin shakeout. He suggested Bitcoin may take one last plunge before a new bull run in a recent X post. VirtualBacon believes a bull run is still ahead despite market fears of a sharp plunge to the low $40,000s. Is Another Bear Market Likely? The market…
ON AUGUST 30, Brian Armstrong, Co-Founder and CEO of Coinbase, shared a significant milestone in the integration of AI and cryptocurrency, revealing that Coinbase Development facilitated the first-ever AI-to-AI crypto transaction. In this transaction, one AI purchased tokens from another AI, but these were not traditional cryptocurrency tokens; rather, they were words exchanged between large language models (LLMs). Armstrong highlighted the uniqueness of the event, noting how AIs effectively “used tokens to buy tokens.” The transaction was conducted using USDC on Base, a Layer 2 blockchain built on Ethereum, with significant development led by Coinbase. Base is designed to offer…
XDC Network Partners with Giottus Crypto Platform: A Game-Changer The Indian cryptocurrency market is poised for a significant transformation with the recent announcement of a strategic partnership between the XDC Network (XDC) and Giottus Crypto Platform. This collaboration marks a milestone in the Indian crypto ecosystem, as it allows over 1.1 million Giottus users to seamlessly buy, sell, deposit, and withdraw XDC tokens in the Indian Rupee (INR) pair. The listing of XDC on Giottus is not just another addition to the platform’s extensive portfolio but the beginning of a broader initiative aimed at expanding the XDC ecosystem in India. The Significance…