Author: CryptoHoppers

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

Stand With Crypto UK has published a manifesto outlining steps for the UK to establish itself as a global leader in fintech, digital assets, and tokenization. “We believe the next government should take meaningful steps to position the UK as a global hub of digital assets, tokenization and fintech,” said Coinbase. Stand With Crypto Publishes […] Source link

Key takeaways Fhenix and Privasea partner to develop secure AI applications. Focus on fully homomorphic encryption (FHE) and extending Zama’s TFHE-rs library. Collaboration on software and hardware acceleration initiatives. Fhenix, a leading name in blockchain technology, has announced a partnership with Privasea, a pioneer in AI and decentralized private inference (DePIN) computing. This collaboration aims to advance the development of secure AI applications using fully homomorphic encryption (FHE). 1/ Today we’re thrilled to announce a partnership with @Privasea_ai, a leader in FHEML-focused AI + DePIN computing.Together, we’ll be working to advance the development of secure AI applications using Fully Homomorphic…

After rejecting Riot’s takeover bid, Bitfarms announced a project to significantly increase its power capacity and Bitcoin mining capabilities by 2025. Bitfarms entered into an agreement to construct a power plant with a capacity of up to 120 MW and to lease a location in Sharon, Pennsylvania. After this agreement, Bitfarms shares (BITF) rose over 15% today.  Bitfarms, a Bitcoin mining company garnering attention amidst some takeover attempts, has restated its position that Riot’s proposed takeover would not benefit its shareholders. The company additionally revealed plans to establish this first major mining site in the United States, which will significantly…

Experience the Magic of Miwa Komatsu’s Live Art Renowned Japanese artist Miwa Komatsu is bringing her unique artistic vision to life in an extraordinary live painting event. Under the gilded ceiling of the historic Fitzrovia Chapel in London, Komatsu will spend an entire day creating a masterpiece, blending traditional Japanese motifs with contemporary techniques. This exclusive event offers art enthusiasts a rare opportunity to witness the creation process of a celebrated artist up close and personal. The Enchanting Atmosphere of Fitzrovia Chapel The Fitzrovia Chapel, with its stunning golden ceiling and intricate architectural details, provides a perfect backdrop for Komatsu’s…

The Supreme Court of Georgia, the highest judicial authority of the U.S. state of Georgia, has disbarred attorney Diana McDonald on June 11 for misappropriating $4 million from a bitcoin escrow transaction. In 2019, McDonald acted as a fiduciary for a client involved in a Bitcoin deal that failed to deliver the promised cryptocurrency. Despite […] Source link

Terraform Labs, the crypto firm responsible for the implosion of TerraLuna and TerraUSD has reached a $4.47 billion settlement with US Securities and Exchange Commission (SEC). The fine is about its algorithmic stablecoin which crashed drastically in 2022. Also read: Terraform Labs challenges SEC over unjust $5.3 billion penalty According to the settlement, Terraform Labs and its former CEO Do Kwon would be prohibited from trading in crypto assets including all tokens in the Terra ecosystems. SEC also banned Kwon from working as an officer or director of a public company. Sec sets an example with Terraform Labs The $4.47…