In an exciting development for Hong Kong’s financial sector, Victory Securities has revealed innovative modifications to its Spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs). This announcement, made public via a recent press release, signifies Hong Kong’s entry into the realm of cryptocurrency spot ETFs. This groundbreaking move represents a notable achievement in the global financial … Read more
On April 23, 2023, XRP, the cryptocurrency developed by Ripple Labs, attracted significant investor attention due to an increase in large-scale investors’ (whales) involvement in the past day. This surge in XRP whale activity coincided with Ripple’s recent move to challenge the U.S. Securities and Exchange Commission (SEC). The combined events fueled excitement within the … Read more
The new protocol not only offers improved speed and cost savings, but also aims to eliminate the divide between EVM and non-EVM networks. This solution tackles various issues such as fragmented liquidity markets, pricey cross-chain transactions, and security concerns with inter-chain bridges. DODOChain L3 kicks off, public testnet solution is out According to the announcement … Read more
Uniswap, a trailblazing decentralized exchange (DEX), is making headlines today as it reaches an impressive milestone in its multichain expansion. According to recent reports on X, an astonishing 3,271,574 users are now utilizing Uniswap’s multichain features. Notably, these protocols support Ethereum, Arbitrum, Celo, Binance Smart Chain (BNB), Harmony, Polygon, and Avalanche networks. Uniswap initially emerged … Read more
XRP SEC Case: In response to the SEC’s brief on remedies, Ripple has submitted an opposition. They argue that the court should reject the SEC’s demands for a permanent injunction, requiring the return of ill-gotten gains, and pre-judgment interest. Instead, they suggest that if the court finds in their favor, a civil penalty of up … Read more
Charles Hoskinson, the creator of Cardano, is thrilled about the emergence of PRAGMA, an independent open source organization he helped establish. This significant step forward signifies a crucial milestone in Cardano’s mission to attain global reach and scalability as it strives to function as the worldwide financial infrastructure. Cardano Makes Crucial Step Forward In a … Read more
Charles Hoskinson, the creator of Cardano, made a noteworthy comment identifying USD Coin (USDC) as an early form of Central Bank Digital Currencies (CBDCs). This classification highlights the increasing importance and influence of stablecoins like USDC within the broader world of cryptocurrencies. USDC functions as a stablecoin, keeping its value constant at par with one … Read more
The Ripple Labs versus SEC lawsuit, initiated in 2020, has significantly impacted the crypto world. Its repercussions have shaped regulatory guidelines and tested the boundaries of digital asset classification. In this blog post, we explore the intricacies of the XRP SEC case, including pivotal events, judgments, and implications for all involved parties and the broader … Read more
Ethereum edges above $3,000, crossing the 100 EMA, but despite the breakthrough, there is a possibility of a bearish reversal seen on the ETH/USD price chart. The climb, while positive, shows signs that it might not have the steam to break through the 26 EMA convincingly. This short-term moving average is proving to be a … Read more
Bill Morgan, a lawyer advocating for Ripple, has presented a strong case about Ripple’s On-Demand Liquidity (ODL) transactions not being investment contracts. This argument is significant as Ripple is currently engaged in a legal dispute with the US Securities and Exchange Commission (SEC) regarding the SEC’s classification of XRP. Ripple Vs SEC: Why Are ODL … Read more