Bitcoin (BTC) tried to break out of its range in the first half of last week but the bulls could not sustain the higher levels. Bitcoin is back inside the range and is trading near the $26,000 level. The price action of the past few days has formed two successive Doji candlestick patterns on the
XRP
The total number of wallets on Shiba Inu’s newly launched layer-2 blockchain, the Shibarium network, has surpassed the one million mark in a meteoric rise since its relaunch. The milestone — announced in a Sept. 3 blog post by the official Shibarium team — means there were at least 900,000 wallets added since Shibarium’s relaunch
In its latest court filing, the legal team representing Ripple Labs – the company behind the XRP token – argued that the United States Securities and Exchange Commission (SEC) doesn’t have the grounds to request an appeal. This comes as the SEC looks to dispute Ripple’s partial victory after Judge Annalisa Torres ruled – in
In a bid to bolster trust and safety, Ripple’s developer arm, RippleX, has proposed a significant amendment to the XRP Ledger (XRPL). The feature, aptly named “Clawback,” is designed to provide issuers with enhanced control over their distributed assets, addressing both regulatory requirements and unforeseen challenges. Understanding The Clawback Feature By Ripple Shawn Xie, representing
The biggest new memecoin of 2023, Pepe (PEPE) suffered one of the worst possible fates that can befall a new crypto asset; a partial rug pull — after its anonymous developers abruptly sold nearly $16 million worth of the token on Aug. 24. The official Pepe X (formerly known as Twitter) account explained the drop
In an academic paper, researchers from the University of Luxembourg have unveiled a novel approach to enhance the communication efficiency of Ripple’s XRP Ledger. The research, supported by the Luxembourg National Research Fund and Ripple’s University Blockchain Research Initiative (UBRI), delves into the intricacies of Named Data Networking (NDN) as an overlay to optimize the
The XRP community has picked up on an argument by the US Securities and Exchange Commission (SEC) in its long-running legal battle against Ripple Labs that its native token has no value. For one, they believe the regulator is trying to smear the token’s reputation with this argument. Is SEC Trying to Malign XRP? Pro-XRP
In a recent revelation, Wrathof Kahmeman, a prominent figure in the XRP community, highlighted an intriguing development concerning Ripple Labs’s UBRI initiative on Twitter. He shared, “Interesting resume from the University of Waterloo touting recent CBDC research based on the XRPL. Notes they prototyped a banking interface to be presented at UBRI Connect 2023! Lots
Bitcoin (BTC) has gone silent over the weekend. CryptoQuant CEO Ki Young Ju said in a recent post on X (formerly Twitter) that Bitcoin’s velocity has declined to a 3-year low. He said this could either be considered positive as whales were holding on to their positions or negative because the transfer to new investors
There have been speculations that the US Securities and Exchange Commission (SEC) could drag Ripple Labs’ founders into the regulator’s long-running legal battle against their company. However, pro-XRP legal expert Fred Rispoli has outlined why this is unlikely. SEC Unlikely To Sue Ripple Founders Rispoli stated in a tweet that the SEC is unlikely to
In a recent Twitter thread, renowned XRP community lawyer Fred Rispoli shed light on the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Rispoli’s insights suggest that the much-anticipated trial between Ripple executives Brad Garlinghouse and Chris Larsen and the SEC might never see the light of day. Ripple And
People Magazine has recognized Ripple by placing it in the prestigious list of “100 Companies Who Care For Employees And Society.” Ripple Recognized For Employee Contributions To Social Good By People Magazine The firm shared the exciting development with its followers on August 23, as well as thanked its employees who helped the community endlessly
In the continuing legal saga between Ripple Labs, its top executives, and the U.S. Securities and Exchange Commission (SEC), U.S. District Court Judge Analisa Torres has made critical announcements concerning the upcoming trial dates and associated deadlines. In an August 9 filing in the U.S. District Court for the Southern District of New York, Judge
Earlier this year, Ordinals — a unique inscription on the smallest unit of a Bitcoin, called a Satoshi — emerged as a controversial new development. Dismissed by some as spam and embraced by others as a way to bring BRC-20 tokens and NFTs to Bitcoin, the technology stimulated a flurry of developments. Now there is
In a surprising revelation from the State Bank of Pakistan (SBP) in their 2022 financial stability report, the institution acknowledged the nascent, albeit “promising work” of Ripple and XRP, in the global payment ecosystem. State Bank Of Pakistan Praises Ripple And XRP “While crypto assets offer some benefits, the realization of these benefits still requires
Bankrupt cryptocurrency lender BlockFi is trying to block attempts by the similarly bankrupt FTX and Three Arrows Capital (3AC) that aim to retrieve hundreds of millions of dollars to pay back their creditors. BlockFi claimed in an Aug. 21 filing to a New Jersey bankruptcy court that its own creditors shouldn’t be pushed to the
Layer 1 blockchain Terra has temporarily shut down its website in order to protect users from ongoing phishing scams on the platform. “The terra(dot) money domains have successfully been frozen to prevent further user phishing scams, but a full resolution is still underway,” Terra officially announced on X (formerly Twitter) on Aug. 22. Terra advised
The founder of layer-1 blockchain Jurat has defended his protocol against potential haters, arguing that on-chain legal enforcement is a necessary trade-off for crypto mass adoption. On Aug. 8, a U.S. District Court used Jurat’s on-chain enforcement tool to lock several sanctioned individuals out of their crypto accounts. These individuals were sanctioned for money laundering
Amid the SEC vs Ripple case, the United States Securities and Exchange Commission (SEC) has filed an interlocutory appeal on XRP’s security status and has made an inquiry from the US District Court in the Southern District of New York (SDNY) to certify its appeal against Ripple Labs. This significant step in the SEC vs
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. Over two weeks after Curve Finance’s multiple pool exploits, the DeFi protocol has assured the hack victims that it is assessing each impacted user for reimbursement. This
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