Day: December 22, 2020

Lidar Stock Rises amid Reports an Autonomous Car from Apple Is in Sight

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Lidar sensors are a key component for autonomous cars as it allows their computers to take a 3D image of their surroundings. Two companies have seen their stock rise, amid a report on an imminent autonomous car from Apple Inc (NASDAQ: AAPL). Velodyne Lidar (NASDAQ: VLDR), a Silicon Valley-based lidar technology company, and Luminar, a universal photo editing software application that both makes lidar sensors saw their stock rise almost 23% and over 27% respectively on December 21. According to the report, Apple does not have any prospective lidar suppliers…

This News Will Pump Bitcoin and Crypto!

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SEC to Sue Ripple for Sales of Illegal Securities, Says Ripple CEO

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The US Securities and Exchange Commission (SEC) has been revealed to be on the verge of suing Ripple Labs Inc for illegal sales of securities. This put them in the same bracket as companies that suffered a similar fate like Kik Interactive Inc. “Clayton did this with one foot out the door. Rather shamefully, he has decided to use Ripple, and leave the legal work to the next chairman,” said Garlinghouse. The question of XRP being a currency or security has been the center of discussion after the SEC defined…

Buterin Blasts Ripple’s Defence Against Pending SEC Lawsuit

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It finally happened. After years of uncertainty on the matter, the SEC is taking decisive action against Ripple. The point in question is whether Ripple’s native XRP token is a security or not. Late yesterday, Ripple CEO Brad Garlinghouse said the SEC has made a determination, and they plan to bring action accordingly. Under U.S securities law, firms must register with the SEC before selling securities. A move that Ripple did not comply with. Tweeting about the situation, Garlinghouse called this an attack on the entire crypto industry, not just…

Snoop Dogg’s Casa Verde Company Raises $100M in a Funding Round

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Casa Verde exclusively focuses on the Cannabis industry with a lot of hope that Cannabis will soon become the most compelling area of investment in their generation.  Casa Verde Capital LLC, a company co-founded by Snoop Dogg has rounded up its funding round with about $100 million, a double of its previous funds raised. Casa Verde exclusively focuses on the Cannabis industry with a lot of hope that Cannabis will soon become the most compelling area of investment in their generation. Cannabis investment has over the years grown exponentially. Karan…

Ripple’s XRP Slides 13% on SEC Lawsuit Worries; What’s Next?

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Ripple was among the major losers this week as its native cryptocurrency, XRP, fell by roughly 13 percent. XRP/USD dropped to $0.44 during the early European session. Its move downhill took cues from two fundamentals. The first one was a wider correction trend across the cryptocurrency market that saw other top coins, including Bitcoin and Ethereum, in a similar downward trajectory. The second fundamental was Ripple’s potential of facing a potential lawsuit from the US Securities and Exchange Commission over its XRP sales. Traders perceived the news as their cue…

Bitmain’s ‘hard fork’ to end in $600M settlement in favor of Micree Zhan

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After months of wrestling for control of the company, Bitmain co-founders Jihan Wu and Micree Zhan have reportedly reached a settlement. According to Chinese crypto expert Colin Wu, and reported by multiple local publications, both parties have agreed to a $600 million compensation for Jihan Wu with Zhan taking control of the crypto miner maker operations. As part of the settlement, Wu will exit the company taking the BTC.com mining pool as well as Bitmain’s overseas mining centers. Thus, Zhan will be left with the Antpool mining pool and Bitmain’s…

Free TON achieves mainnet status after reaching ‘sufficient decentralization’

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The Free TON project, a community-led software fork of Telegram’s ultimately ill-fated attempt at launching a blockchain, announced on Tuesday the launch of the project’s effective mainnet. The network had originally launched in May 2020, building on Telegram’s code base but otherwise showing no association with the communications company and related $1.7 billion initial coin offering. Tuesday’s mainnet announcement is mostly a formality, as it does not involve new network launches. Instead, the developers have chosen the date to mark “sufficient decentralization” of the network and an effective mainnet start.…

JUV and PSG Fan Token Prices Spike After Binance Listing

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Token prices for football clubs Paris Saint-Germain and Juventus spike 160% and 80% respectively in 24 hours following their 21 Dec listing on Binance, reaching a daily volume of $300M. The tokens, powered by Socios and Chiliz, are Ethereum-based. Ownership of JUV and PSG enables fans to engage with other fans via the Socios app. Other perks include voting rights in club decisions, rewards, and easier access to tickets. Binance researchers had this to say about the Juventus Fan Token: “JUV token holders can vote via smart contract on various…