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XRP Community Abuzz to Ripple New Attorney In SEC Lawsuit Douglas Samuel Zolkind, partner at Debevoise & Plimpton law firm, has filed a notice of appearance on behalf of Ripple Labs, according to a filing in the District Court for the Southern District of New York (SDNY). advertisement Zolkind is an expert on white collar criminal defense, government investigations, and internal investigations. He was a senior member of the Criminal Division’s Public Corruption Unit of the SDNY. While US SEC looks to file an appeal against Judge Torres’ summary judgment ruling, Zolkind’s expertise strengthens Ripple’s position in the ongoing legal battle. Currently, Magistrate Judge Sarah Netburn ordered Ripple and SEC to agree on dates for a possible settlement in other matters such as XRP sale to institutional investors. However, SEC hints at an appeal while XRP lawyers contradict SEC’s arguments and possible appeal. Recomm...

The government of Shanghai has implemented its strategic plan for the development of its urban blockchain digital infrastructure system between the years 2023-2025. The government in the Chinese city of Shanghai issued an implementation plan on July 31 for promoting the development of its urban blockchain digital infrastructure system in the time frame of 2023-2025, according to an update on the government’s webpage.  The update says that the plans have been formulated in order to serve the “strategic goal” of Shanghai’s urban digital transformation, along with strengthening the application of blockchain in the economy, public service and urban governance. It reads that, "breakthroughs in blockchain core technology and standard system construction have been made, leading to the formation of an industrial ecology with strong innovation momentum, and nurturing a group of leading and innovative companies with industry influence.” When the urban blockchain digital infrastructure...

The Securities and Exchange Commission [SEC] and Ripple ’s dispute have gone through several stages. The cryptocurrency community is speculating about the case’s outcome as it approaches its conclusion. The case has been ongoing for more than two years, and the conflict seems interminable. The ongoing legal dispute also had an impact on XRP’s price and discouraged retail investors. XRP’s price has not been quite as high as compared to other altcoins. XRP is trading at $0.717, with a 1% spike in value over the past 24 hours. Also read: Dogecoin Army Buzzing with Anticipation After Elon Musk’s Tweet XRP is down by 3.3% over the last 7 days and is 81.35% down from its all-time high of $3.84. Here is our Price Prediction for Ripple for August 2023. Source: Financial Times Ripple price prediction for August 2023 Cryptocurrency experts at Changelly predicted the price of Ripple for August 2023. According to the analysts, XRP is forecast to reach a minimum of $0.769 and...

Fubon Bank partners with Ripple for a real estate tokenization project. The initiative comes following the launch of a digital Hong Kong dollar pilot program. The test targets existing customers interested in mortgages. Fubon Bank (Hong Kong) has revealed its plans to embark on a real estate tokenization journey in the third quarter. The bank is partnering with the renowned financial technology enterprise, Ripple, to revolutionize property transactions. Fubon Bank (Hong Kong) said that it will test the real estate tokenization program in the third quarter, using the Ripple CBDC platform to tokenize the property and issue loans in testing digital Hong Kong dollars to speed up the process. https://t.co/3t6HTZhdeb — Wu Blockchain (@WuBlockchain) July 29, 2023 This initiative comes after the Hong Kong Monetary Authority launched a digital Hong Kong dollar (eHKD) pilot program. Xu Luosheng, the executive vice president of Fubon Bank, affirmed the upcomi...

Join Our Telegram channel to stay up to date on breaking news coverage SEC Chair Gary Gensler said the crypto industry is “rife with fraud“ and “hucksters“ and warned investors that some crypto exchanges trade against them. Crypto investors should not assume that they’re protected by securities laws, and they’re not getting full, fair and truthful disclosures, he said in an interview with Bloomberg Television. And some platforms and intermediaries do things that would never be allowed on Nasdaq or the New York Stock Exchange, he added. “The platforms often are comingling and trading against you and have market makers that are on the other sides of your trades, ’’ he said. “We don’t allow that in the rest of our securities markets. Investors should be aware it’s not only a highly speculative asset class, it’s also one that they currently should not assume that they’re getting the protections of the securities laws. ’’ SEC’s ‘Crusa...

The X (Twitter) Dark Mode As a billionaire who engages with his community very promptly, Elon Musk responded to a user @cb_doge who shared contrasting graphics of both an X version with the current Blue checkmark for Twitter Blue users and one with a Black checkmark. advertisement According to Elon Musk, the platform is soon going to have only a dark mode as he believes “It is better in every way.” This platform will soon only have “dark mode”. It is better in every way. — Elon Musk (@elonmusk) July 27, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read Top Cr...

In the constantly changing world of cryptocurrency, investors prioritize the durability of crypto projects over immediate profits. For this reason, the Tradecurve (TCRV) presale is oversubscribed. Meanwhile, Bitcoin Cash (BCH) and Ethereum Classic (ETC) holders are gradually shedding their holdings as prices struggle to shake off sellers. According to market experts, TCRV is predicted to emerge as one of the top cryptocurrencies, posing a challenge to Bitcoin and Ethereum. >>Register For The Tradecurve Presale<< Bitcoin Cash falls as hype wanes Although Bitcoin Cash soared in May, bulls didn’t push through.  From price charts, BCH remains steady, finding support following the launch of the “CashTokens” feature. Because of the rising popularity of Bitcoin’s BRC-20, Bitcoin Cash released the CashTokens feature for developers to issue tokens.  However, without a strong foundation and concrete use case, Bitcoin Cash’s CashTokens have fa...

Renowned billionaire investor Tim Draper expresses his optimism for the decade of Bitcoin, envisioning its rise above fiat currencies. American venture capital investor  Tim Draper  has again conveyed his profound enthusiasm for the ongoing decade in light of Bitcoin’s (BTC) arrival. He believes this to be one of the most exhilarating periods in our lifetime, given the advent of Bitcoin, revolutionizing the fabric of currency and commerce. Bitcoin Magazine recently quoted Draper as saying in an interview with FOX News: “We’re going through one of the most exciting decades I think we’ll ever see in our lifetimes because we have Bitcoin transforming the way currency and commerce is done.” NEW – Billionaire Tim Draper on Fox News: "We're going through one of the most exciting decades I think we'll ever see in our lifetimes because we have # Bitcoin transforming the way currency and commerce is done." pic.twitter.com/NB5XOc9hEd — Bitcoin Magazi...

The Avalanche Vista project seeks to promote tokenization i.e. creating on-chain representation of an asset. Thus, Avalanche Vista will consider assets across a wide liquidity spectrum such as credit, equity, real estate, commodities, and others that are blockchain native. advertisement The Avalanche Foundation has set aside $50 million to support its goal of creating a better financial system. They want to use Avalanche ’s unique technology to make the financial system more accessible, efficient, and cost-effective. Besides, they also aim to show how blockchain technology can improve tasks like asset issuance, settlement, and administration, making them easier and faster. Thus, it will help to advance tokenization and on-chain finance (“OnFi”). This initiative follows other milestones of asset tokenization undertaken on the Avalanche blockchain in the past. John Wu, President of Ava Labs said: “Asset tokenization isn’t just the ...

Terra Luna Classic Proposal For Governance And Decentralization on Commonwealth Terra Luna Classic validator Happy Catty Crypto’s Proposal 11653 “Enhancing Governance And Decentralization In The Transition to Commonwealth” is up for voting. advertisement The proposal aims to address concerns related to the transition from Agora to Commonwealth recently, which happened without community voting and transparency. He claims the transition was moderated by Edward Kim, Rexx, and Bilbo Baggins without community involvement. It caused Rexx and Bilbo Baggins to become administrators, which is against the core principles of decentralization. “Edward Kim and Rexx have declared their departures from the LUNC blockchain, and they are currently focused on developing a separate blockchain called Entropy AI Blockchain. As they have no direct involvement in LUNC, their admin roles are questionable and should be addressed and/or revoked.” As per the...

The two protocols will implement a standard for issuers to control the "canonical" minting of tokens, helping to reduce losses from unofficial bridges. Connext cross-chain bridging protocol has announced a new token standard to reduce losses from bridge hacks. According to a July 24 announcement, the new “xERC-20” standard allows token-issuers to maintain a list of official bridges and control how many tokens can be minted by each. In addition to Connext, DeFi platform Alchemix Finance will implement xERC-20 tokens, the announcement stated. Connext Alchemix Today, Connext is announcing support of the xERC20 standard and onboarding projects into safely bringing their token s to every chain . As our flagship user, we've been working with @AlchemixFi to bring $alUSD, $alETH, and $ALCX to @arbitrum and @optimismFND. https://t.co/S2tBLpuuqe — Arjun | xERC20 arc (@arjunbhuptani) July 24, 2023 The new token standard was originally put forth on July 7 as Ethereum Impro...

Jul 24, 2023 at 07:26 // Price Author Coin Idol The price of Dogecoin (DOGE) has retested the $0.075 resistance level twice before rising to previous highs of $0.080 and $0.090. However, DOGE is still facing resistance at its recent high. Dogecoin (DOGE) Price Long-Term Forecast: Bullish DOGE has rallied above the moving average lines since July 13 while retesting the $0.075 resistance. In other words, the cryptocurrency price is moving between $0.068 and $0.075. Once the resistance at $0.075 is broken, DOGE /USD will rise to previous highs of $0...

Binance’s French Division recently published its audited financial reports for 2022. The crypto exchange reported a loss of €4 million in 2022, along with holdings of customer assets worth €1 billion. The loss was attributed to a mismatch in recording revenue and expenses last year. Binance France, the French division of the world’s largest crypto exchange, recently published its audited financial reports for the year 2022. The financial report revealed a loss of €4 million last year. As per Binance, the loss arose from a mismatch in the recording of expenses and revenue in 2022. According to the report published on Binance’s blog, the audit of the French crypto exchange’s first financial statements was carried out by RSM France, a Paris-based accounting, consulting, and audit firm. The financial statements covered a 14-month period from November 8, 2021, to December 31, 2022. The audited financial statements showed that Binance France recorded a loss of ...

The decision reverses a prior ruling, allowing Craig Wright to appeal a lawsuit claiming copyright to the Bitcoin whitepaper and database. A British court granted an appeal on July 20 that gave Craig Wright the right to argue in a litigation that the Bitcoin file format is well-defined enough to qualify for copyright protection.  Wright, who since 2016 has claimed to be the inventor of Bitcoin (BTC), launched a lawsuit against 13 Bitcoin Core developers and a group of companies, including Blockstream, Coinbase, and Block, alleging violation of his copyright to the Bitcoin whitepaper, its file format and database rights to the Bitcoin blockchain. The decision reversed a ruling from February that considered Wright's arguments insufficient to show how the Bitcoin file format was first recorded, a concept known as fixation on copyright laws. "The Claimants may consider themselves unlucky to have had their application for leave to serve out come before a Judge with at least some...

The Civil Aviation Administration and China Merchants Bank said passengers can utilize the central bank digital currency to access new services via this platform. As the pilot program for China’s central bank digital currency (CBDC) — the digital yuan — takes off, Chinese business travel ers will reportedly be able to pay for flight tickets using the CBDC.  A collaboration between the China Merchants Bank and the Civil Aviation Administration of China led to the introduction of a digital yuan platform, which aims to facilitate transactions for travelers in the aviation network, according to a local media report. The newly introduced platform reportedly enables companies and entrepreneurs to utilize the digital yuan for convenient payment of business air tickets. Additionally, passengers will have the opportunity to use the CBDC to access new services via the platform. China Travel Service, a travel firm based in Suzhou, has already made use of the platform to purchase tickets on b...

Starting on August 1, 2023, the UK’s startup’s experimental testing environment, the Digital Sandbox, will become a permanent feature. It comes after two effective trial runs and seeks to increase its reach by inviting additional cutting-edge corporations, start-ups, and data providers. The platform’s objective is to encourage growth and innovation by assisting businesses in the early phases of product development. advertisement What Does This Mean? The Digital Sandbox encourages innovation and progress. More than half of prior Small to Medium Enterprise participants in the pilots and TechSprints saw good outcomes, such as the launch of new products, the acquisition of funds and partnerships, or the receipt of industry awards or recognition. Until now, the platform was only available to people taking part in pilots and TechSprints. The permanent Sandbox is one of numerous tools and programs FCA offer to innovative entrepreneurs to assist...