[ad_1] Blockchain services provider STORM Partners made a major announcement during the Web3Fest, along with Cardano (ADA), MultiversX, and other major projects in the crypto space. During the event in Switzerland’s “Crypto Valley,” the company unveiled “Lightningbox,” a new Web3 Sandbox, and relocated its headquarters from Montreux to Geneva. The initiative aims to enable large enterprises in Europe to harness the potential of blockchain technology and lead their digital transformation efforts. STORM Partners Joins Cardano (ADA) To Accelerate Blockchain Adoption The Lightningbox initiative seeks to facilitate the widespread adoption of blockchain by establishing a trusted environment equipped with institutional-grade tools.…
Author: dfrancis36
[ad_1] In a recent episode of the Thinking Crypto podcast, Charles Hoskinson, founder of Cardano, addressed the swirling rumors about a potential partnership with tech mogul Elon Musk. During the podcast, hosted by Tony Edwards, Hoskinson discussed various outreach efforts made to Musk’s companies, including offers of free work to combat bot issues on the platform formerly known as Twitter, now X. Hoskinson Denies Rumors Of A Partnership With Musk Hoskinson detailed several attempts by his team to connect with Musk’s companies, particularly X (formerly Twitter), where they proposed solutions to combat prevalent issues like fake accounts and bots. “We’ve…
[ad_1] In the ongoing high-stakes legal battle between Ripple Labs Inc. and the US Securities and Exchange Commission (SEC), the fintech company has submitted a significant notice of supplemental authority to the Southern District of New York. This recent filing, dated June 13, 2024, aims to shift the judicial perspective regarding the SEC’s pending motion for remedies and the entry of a final judgment Ripple Vs. SEC Court Update Highlighting a parallel SEC case against Terraform Labs, Ripple’s legal representatives present a comparative analysis, arguing for a more equitable treatment in their own case. The filing strategically references the SEC…
[ad_1] As the cryptocurrency market experiences its typical ebb and flow, Solana (SOL) draws particular attention from analysts who anticipate significant movements in its price. Currently, Solana is trading just below $150, but recent analyses suggest a potential for a substantial increase. Related Reading Solana Eyes Major Surge As Key Technical Patterns Emerges According to well-known crypto analyst Ali, Solana would surge higher by 53%, with Ali pointing to an ascending triangle pattern that could be a sign of a coming bull rally. Ascending triangle pattern on Solan’s price chart. | Source: Ali on X This pattern is usually bullish,…
[ad_1] Ripple Labs is leveraging the recent settlement of the Securities and Exchange Commission (SEC) with Terraform Labs to lower the proposed nearly $2 billion penalty against it to $10 million, a “notice of supplemental authority” posted yesterday (Thursday) revealed.A Push to Lower the Settlement AmountThe blockchain company has argued that the hefty $2 billion penalty proposed by the regulator for offering the XRP token to institutions is unreasonable and should be closer to $10 million.“The civil penalty sought by the SEC in Terraform demonstrates the unreasonableness of the civil penalty sought by the SEC in this (Ripple’s) case,” the…
[ad_1] GameStop shares might drop after a rollercoaster ride, but Citron Research, led by Andrew Left, is exiting its short position on the video game retailer. In a post on X, Citron Research said it was exiting its short position, saying the platform now has “enough runway” following its $4 billion cash infusion. Citron Research Exits GameStop Shorts, Compares GME To Meme Coins However, even as Citron Research and Left accept to take the loss, they seem to believe that even with billions, GameStop won’t last, and the leg up was just hype-induced. Specifically, Citron Research acknowledged the market’s irrationality,…
[ad_1] Dogecoin is showing bearish signs below the $0.150 resistance zone against the US Dollar. DOGE could accelerate lower if it breaks the $0.140 support. DOGE price is moving lower below the $0.150 support zone. The price is trading below the $0.1450 level and the 100-hourly simple moving average. There was a break below a key bullish trend line with support near $0.1425 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price must settle above $0.1450 to gain bullish momentum and continue higher. Dogecoin Price Dips Again After a decent increase, Dogecoin price faced resistance…
[ad_1] DeFi lending protocol UwU Lend has suffered two attacks in the past three days. The second exploit occurred on Thursday during the protocol’s reimbursement process from the first hack. The ongoing saga has taken around $23 million from the protocol. DeFi Protocol Hit With $20 Million Exploit On June 10, DeFi project UwU Lend was hit by a sophisticated attack that took $19.3 million. The attack seemingly involved the use of flash loans to exploit the protocol. The project quickly addressed the situation by pausing the protocol and assured users that most assets were safe. UwU Lend acknowleges $20…
[ad_1] XRP price failed to stay above the $0.4840 support zone. The price declined and tested the $0.4750 support zone, and is now at risk of more losses. XRP extended losses and traded below the $0.4840 support zone. The price is now trading below $0.4880 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.4880 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could recover, but the upside might be limited above the $0.4920 resistance. XRP Price Extend Losses XRP price failed to recover above the…
[ad_1] In a significant regulatory shift, the US Securities and Exchange Commission (SEC) partially approved the long-awaited Ethereum ETF filings submitted by prominent asset managers three weeks ago, including BlackRock and Grayscale. SEC Chairman Gary Gensler has indicated that full approval for these Ethereum ETFs could come by the end of the summer, providing much-needed clarity for investors eagerly awaiting this decision. Senate Hearing Reveals Potential Approval Of Ethereum ETFs During a Senate Banking Committee hearing on Thursday, Chair Gensler, responding to queries from Senator Bill Hagerty, expressed his belief that spot Ethereum ETFs will likely receive approval by the…