The U.S. Securities and Exchange Commission (SEC) is not giving up on its case against Ripple, the company behind the XRP cryptocurrency. The regulator has filed a motion to appeal a court ruling that found that XRP was not a security when sold to retail investors on public exchanges.
Author: jose
The cryptocurrency world is constantly evolving, with new projects, developments, and trends emerging every day. Uniswap is the leading decentralized exchange (DEX) on Ethereum, allowing users to swap and provide liquidity for thousands of tokens. Recently, Uniswap announced that it has integrated with Base, a new layer-2 scaling solution developed by Coinbase.
XRP, the native cryptocurrency of the Ripple network, has been experiencing a roller coaster ride in the past few months. After a major legal victory against the U.S. Securities and Exchange Commission (SEC) in July, which declared XRP as a nonsecurity, the coin rallied to over $0.8, gaining more than 70% in value.
Solana (SOL) is an altcoin that has been gaining a lot of attention recently due to its potential to provide a platform for decentralized applications that is scalable, fast, and secure. The cryptocurrency has seen an increase in momentum in the past few weeks, joining the wider altcoin rally that was triggered by the renewed interest in XRP.
PayPal, a leading global online payment platform, has recently unveiled its stablecoin, known as PayPal USD (PYUSD). This new digital currency is tied to the value of the U.S. dollar and is backed by secure and liquid assets. The move is seen as a bold step into the emerging field of cryptocurrencies, especially as regulators around the world are increasing their scrutiny of the crypto sector.
Cypher Protocol, a decentralized loyalty program running on the Solana blockchain, has suffered a major security breach that resulted in the loss of over $1 million worth of tokens. The exploit was detected on Monday, August 7, by the protocol’s team, who immediately froze the smart contract to prevent further damage.
Bitstamp, one of the oldest cryptocurrency exchanges, is reportedly planning to expand its operations and services through a new fundraising plan. The exchange, founded in 2011, is seeking to raise funds through strategic investors to accelerate its growth and provide new products and services to retail and institutional crypto customers.
Binance, the world’s largest cryptocurrency exchange by trading volume, has been shifting its stablecoin reserves from USDC to other alternatives, according to Coinbase CEO Brian Armstrong. During the company’s second-quarter earnings calls, Armstrong revealed that Binance moved some of its funds from USDC, the second-largest stablecoin by market cap, to another stablecoin.
Shiba Inu (SHIB) is a popular meme cryptocurrency that has recently announced a new Layer 2 solution called Shibarium. Shibarium is a blockchain platform that aims to improve the scalability, security, and efficiency of the Shiba Inu ecosystem. One of the main innovations of Shibarium is the integration of Self-Sovereign Identity (SSI) into the platform.
Worldcoin is a cryptocurrency project that aims to create a global digital currency by scanning the irises of every person on Earth. The project uses a device called Orb, which collects biometric data from users and rewards them with Worldcoin tokens.