Ripple’s CEO reveals $200 million spent defending the SEC lawsuit, and laments about U.S. crypto regulation and a politics-first policy, advising entrepreneurs to avoid the United States. Ripple has spent $200 million defending the case brought against it by the United States Securities Exchange Commission (SEC), according to CEO Brad Garlinghouse. Garlinghouse dropped the figure…
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Even as digitalization increases, the commercial bank’s place in the economy is solid and will be supported by some new forms of money, the credit rating agency said. Digitalization is shaping the future of money, but traditional central bank money housed in commercial banks will remain dominant, Moody’s predicted in a new report. Essentially, trust…
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By participating in Cointelegraph’s Accelerator Program, Brickken aims to support companies through the entire tokenization cycle. As digitalization takes over the financial industry, tokenization is becoming an integral part of tomorrow’s capital market. While making use of blockchain technology, tokenization securitizes assets in a digital way and creates a flurry of opportunities for assets, markets…
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What started with a comedy club would later become a notorious case of legal loopholes and frustration for the nonfungible token community. In Venezuela, humor plays an important role, either as a form of protest or a way to make sense of reality. In November 2021, humor and nonfungible tokens (NFTs) were combined with the…
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The new protocol burns coins on the sending chain, and mints new ones on the receiving chain. Circle, the creator of US Dollar Coin (USDC), has launched a mainnet protocol that lets users transfer USDC between Ethereum and Avalanche, according to an April 26 announcement. Previously, Avalanche users who held USDC on Ethereum had to…
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Airdrop hunting can be a lucrative enterprise, but it can also have significant financial risks attached. In the crypto space, the term “airdrop” refers to the unsolicited distribution of tokens, usually for marketing purposes or as a reward for network participation or contributions. The first recorded crypto airdrop took place back in 2014 when Auroracoin…
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Five people have been charged in relation to alleged market manipulation of an Ethereum-based token called “Hydro.” A freshly unsealed indictment has charged five individuals with “conspiring to manipulate the market” in relation to an alleged scheme involving the ERC-20 Hydro (HYDRO) token. An April 24 statement from the United States Department of Justice (DOJ)…
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A new token named after Pepe the Frog, the infamous meme, and cartoon character created by Matt Furie, has entered the meme coin economy. The token is called pepe (PEPE), and at the time of writing, it has become the sixth-largest meme coin asset in terms of market capitalization, valued at just over $130 million.…
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Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8% over the past 30 days.…
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The Euler Finance exploit was the largest of Q1 2023, and the risk of a similar attack on other protocols remains. The March 13 flash loan attack against Euler Finance resulted in over $195 million in losses. It caused a contagion to spread through multiple decentralized finance (DeFi) protocols, and at least 11 protocols other…
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