Author: CryptoHoppers
Key Takeaways Ripple faces a $125 million fine, significantly less than the SEC’s initial $2 billion claim. Ripple may challenge the classification of XRP sales or the fine amount in a potential cross-appeal. Share this article Ripple is considering filing a cross-appeal in response to the SEC’s appeal against the court’s judgment on August 7, which ordered Ripple to pay $125 million to resolve charges over the institutional sales of XRP tokens, said Ripple Chief Legal Officer Stuart Alderoty.The penalty, although more than Ripple’s suggested $10 million, is significantly lower than the nearly $2 billion initially demanded by the SEC,…
Ripple, a digital asset infrastructure provider, has received approval to expand its operations in Dubai. The Dubai Financial Services Authority (DFSA) granted Ripple “in-principle approval” to offer its services from the Dubai International Financial Centre. This will allow Ripple to provide seamless cross-border payment services in the United Arab Emirates and align with its goal […] Source link
The Bank of Russia has explained that the launch of the digital ruble, the Russian CBDC, will not affect the state’s mechanisms to control inflation or the amount of money issued. The institution clarified that the new currency does not pose risks to the country’s financial stability, and will not change the functions of the […] Source link
Leading blockchain network SUI is in news for its altcoin’s recent high after breaking through $1.8, but amidst the slight rally, the network has also issued warning users of growing NFT scams. Firstly, the native token, SUI, broke through $1.8 to create a recent high, reaching a high of $1.8796, and is currently quoted at $1.84, a 24-hour increase of 7.23%. Courtesy: SUI chart on Coinmarketcap Note that the token has seen a jump of 19.18 % in the past 7 days, and has continued to show bullish sentiments within its community. The network has jumped by 100% in the…
Key Takeaways Half of US voters support pro-crypto policies according to a new Consensys and HarrisX survey. Crypto owners are highly likely to vote, with 92% indicating their intention to participate in elections. Share this article A new study by Consensys and HarrisX reveals that crypto-friendly policies could sway a significant portion of voters in the 2024 US presidential election, with neither party currently holding a decisive advantage on the issue. The survey highlights the growing importance of crypto as an election issue and the potential for candidates to gain an edge by adopting clear, supportive stances.Key findings show that…
Jonathan Chester, CEO of Bitwage, has detailed how the company has been serving Argentine remote workers who prefer collecting payments from employers abroad in stablecoins. Chester stated that 70% of its customers in the country use stablecoins, reinforcing that these have helped Argentines increase their net salaries up to 50%. Bitwage CEO Jonathan Chester: 70% […] Source link
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…
The AI gold rush is in full swing as 65% of organizations now report regularly using generative AI in some capacity. Small problem, no matter how much some want AI to be everywhere or even become your clone, there’s a critical shortage of the very thing needed to keep this AI revolution going: raw computing power. As tech giants hoard GPUs like greedy dragons guarding treasure, countless AI projects are left out in the cold. IO.net aims to fix this shortfall by offering a decentralized physical infrastructure network (DePIN) which aggregates GPUs from underutilized sources. By tapping into independent data…
VeeFriends, the brainchild of entrepreneur and media personality Gary Vaynerchuk, is stepping into the world of animated content. In collaboration with Moonbug Entertainment—the force behind popular kids’ brands like CoComelon and Blippi—and VaynerWatt, VeeFriends is launching its first animated series on YouTube Kids on September 30, 2024. Produced by Moonbug, a part of Candle Media, the series promises to blend entertainment and education in 20 fast-paced, three-minute episodes. The first three episodes of this exciting series are already available, with new ones airing every Saturday. What to Expect: Characters and Themes The VeeFriends animated series is aimed at kids aged…
Zhu Guangyao, China’s former vice minister of Finance, has called on the country to continue researching crypto as the US changes its attitude towards the asset class. During the 2024 Tsinghua PBOC Chief Economist Forum, Guangyao stated that crypto should be studied “because it is a crucial aspect of the development of the digital economy.” […] Source link