Author: CryptoHoppers
Binance Labs-supported blockchain project BNB Chain announced the BNB Incubation Alliance (BIA) launch, pledging to assist early-stage blockchain projects. The alliance is a global movement that unites the top VCs, incubators, and developer groups worldwide for a 48-hour virtual event. The collaboration is focused on driving innovation and has made various resources, grants, and potential for investment available to startups. Application Process: The BNB Incubation Alliance has partnered with various partners to organize international offline gatherings focusing on early-stage initiatives. These events are predominantly hosted by BNB Chain, Binance Labs, leading venture capitalists, and startup accelerators. Projects should be in…
Share this article The US Securities and Exchange Commission (SEC) has reduced its proposed settlement amount for Ripple from $2 billion to $102.6 million, according to a legal document dated June 14, 2024, shared by defense lawyer James Filan. #XRPCommunity #SECGov v. #Ripple #XRP @SECGov has responded to @Ripple’s letter regarding the TerraForm Labs Consent Judgment. pic.twitter.com/VvGSJffwa8 — James K. Filan 🇺🇸🇮🇪 (@FilanLaw) June 14, 2024The latest development came one day after Ripple filed a notice of supplemental authority, arguing that the SEC’s requested $2 billion penalty is unreasonable.In its filing, Ripple cited the Terraform Labs case and previous SEC…
Ripple’s chief legal officer has countered the U.S. Securities and Exchange Commission (SEC)’s allegations following the crypto firm’s proposal to limit its penalty to no more than $10 million. The legal chief highlighted that the SEC is “raging” and emphasized that, unlike the Terraform Labs case, there are no victims to compensate in Ripple’s case. […] Source link
India’s Enforcement Directorate (ED) has conducted searches that uncovered a Ponzi scheme involving cryptocurrency operations and HR Crypto Coin, leading to significant asset seizures and freezing. The coins were part of the scheme, luring people to invest with promises of a 15% annual interest rate and offering 30% direct referral income for introducing new customers. […] Source link
OkayCoin, a cryptocurrency exchange, has officially launched in South Korea. According to a June 15 press release, the move aims to cater to the growing demand for crypto staking services across the region. The team also claims the move is in response to the increasing adoption of blockchain-based digital assets and investors’ desire for passive income. The global interest in crypto is on the rise. For the uninitiated, staking allows investors to earn rewards by participating in the network operations of certain cryptocurrencies, providing a source of passive income. This trend has seen a surge in demand for efficient staking…
Share this article The government of El Salvador has submitted a reform proposal to create a private investment bank. Notably, the proposed reform targets enabling the bank to conduct operations in Bitcoin and the US dollar, said El Salvador’s Ambassador to the US, Milena Mayorga, in a recent post. As part of our economic plan for El Salvador, we propose a BPI, Bank for Private Investment, where we can diversify the financing options offered to potential investors in Dollars and #Bitcoin. 🚀#BitcoinBank#EconomicFreedom https://t.co/3hfwVvTSeX — Milena Mayorga (@MilenaMayorga) June 14, 2024In other words, under the new law proposal, the bank can…
The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the SEC countered that such a low penalty “would not satisfy the purposes of […] Source link
Crypto analyst Sebastian has outlined why he believes Cardano (ADA) could rise to as high as $3 this year. The developments the analyst highlighted undoubtedly paint a bullish picture for the crypto token. However, it remains to be seen how Cardano will react, given that it is currently one of the worst-performing crypto assets this year. Why Cardano’s Price Is Posied To Reach $3 This Year Sebastian mentioned in an X (formerly Twitter) post four reasons he believes Cardano will reach $3 this year. First, he mentioned Cardano’s partnership with Argentina. The Cardano Foundation recently announced its partnership with Entre…
The Graph’s decentralized data is available now and it is a turning point in data autonomy and the Graph’s decentralization voyage. Almost 6000 subgraphs are available now including AAVE, Balancer, Decentraland, Messari, and Quickswap. The Graph offers incorruptible access to the data on which Web3 is dependent and the network experienced a huge growth in query volume during the times of the Sunrise of Decentralized Data. There has been a massive surge in data service fees for subgraphs and Substreams. The new development is a clear signal of Web3’s growing adoption of The Graph’s decentralized services. The innovative initiative will…
Bloomberg analyst predicts July 2nd as the start date for trading spot Ethereum ETFs, with SEC approvals signaling a bullish market. The post Ethereum spot ETFs to start trading July 2nd: Bloomberg analyst appeared first on Crypto Briefing. Source link