As a seasoned crypto investor with several years of experience navigating the volatile market, I find the latest news stories over the weekend both intriguing and noteworthy.
U.Today has prepared a summary of the top three news stories over the weekend.
Ripple CEO: Legal battle with SEC will be over “very soon”
Brad Garlinghouse, the CEO of Ripple, spoke on Bloomberg: The Close about the current state of cryptocurrency regulation in the US and the ongoing legal battle between Ripple and the SEC. He expressed his frustration that the US hasn’t established a clear regulatory framework yet, stating, “We have this prolonged litigation from the SEC that isn’t addressing the issue.” During the three-year legal battle, Ripple reportedly spent over $150 million. Garlinghouse anticipates a resolution to the case “soon,” but cannot precisely predict when the judge will render a decision.
“Rich Dad Poor Dad” author Kiyosaki drops game-changing advice on when to get rich
As a researcher, I’ve come across an intriguing perspective from Robert Kiyosaki in a recent post. Known for his best-selling book “Rich Dad Poor Dad,” Kiyosaki emphasizes that the window of opportunity to amass wealth is drawing near. Drawing on the wisdom of his Rich Dad character, he underscores the significance of creating passive income streams, stating, “If you don’t learn how to make money while you sleep, you won’t get rich.” He further encourages staying resilient and confident amidst challenging times. To thrive during economic hardships and enrich both financially and intellectually, Kiyosaki suggests the following guidelines: Prioritize self-care – continue learning through reading, attending seminars, and engaging with successful individuals rather than those who opt for a 9 to 5 work routine.
WazirX announces major bounty to recover $100 million in Shiba Inu (SHIB) and more
After the significant security incident that affected WazirX, India’s leading cryptocurrency exchange, resulting in a loss of approximately $230 million worth of digital assets, the platform introduced a Bounty Program to help recover the stolen funds. In this cyber attack, the funds were moved to a new wallet and converted into Ethereum (ETH). One of the notable transactions involved 5.4 trillion Shiba Inu (SHIB), equivalent to $102.13 million. WazirX disclosed that the Bounty Program consists of two parts:
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2024-07-22 19:15