Month: August 2022

Lawyer Roche alleges statements he made about Ava Labs are false, the result of intoxication

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Kyle Roche, the lawyer at the center of allegations made by website Cryptoleaks about a secret agreement between his firm and Ava Labs, responded Monday in a post on Medium. Like Ava Labs CEO Emin Gรผn Sirer, Roche denied the existence of any secret agreement between the parties. Roche claimed that the recordings that have been published on Cryptoleaksโ€™ website were made at the behest of ICP Token creator Dominic Williams. Rocheโ€™s firm, Roche Freedman, brought a class action suit against Williams and his Dfinity Foundation last October. Roche said…

Ethereum Might Crash After The Current Supply Zone, Analysts Predict

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The crypto market is spiraling downwards, especially Ethereum and other altcoins. The overall market cap lost $50 billion last weekend, leaving the current figure at $950 billion. Unfortunately, it eventually lost the $1 trillion mark. The price fall in Bitcoin, Ethereum, and other crypto caused the recent plunge. The trend emerged after the August 26 Federal Reserve annual meeting. Jerome Powell made a speech reiterating the plans of the agency to continue its hawkish approach to fighting inflation. After the speech, the crypto and equities market plunged. From then till…

Avalanche (AVAX) Founder Emin Gรผn Sirer Dismisses Cryptoleaks Smear-Campaign Allegation

According to Gรผn Sirer, Avalanche does not entrust its legal affairs to Roche, and did not direct him to file any lawsuits towards other projects โ€“ including, for example, a July class-action lawsuit against Solana Labs, the team behind the multi-billion-dollar Solana blockchain. The lawsuit alleged that Solanaโ€™s SOL token is an unregistered security whose investors have profited at the expense of retail buyers. Source

Half a Billion XRP Worth Over $161,000,000 Leaves Crypto Exchange Kraken: On-Chain Data

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On-chain data reveals that an XRP whale transferred more than $160 million worth of XRP from a top crypto exchange. According to blockchain tracker Whale Alert, XRP valued at approximately $161.2 million was moved from crypto exchange Kraken to an unknown wallet. โ€œ500,000,000 XRP (161,221,368 USD) transferred from Kraken to unknown wallet.โ€ The transaction cost 0.000012 XRP or approximately $0.00000395 on the XRP Ledger. The XRP Ledger or simply XRPL is a decentralized blockchain which uses XRP as the native cryptocurrency. XRP is trading at $0.3295 at the time of…

Federal Reserveโ€™s FedNow Real-Time Payments Set for Mid-2023 Debut

โ€œThe benefits of instant payments are increasingly important to consumers and businesses, and the ability to provide this service will be critical for financial institutions to remain competitive,โ€ Ken Montgomery, FedNow Service program executive, said in the central bankโ€™s press release. Original Source DebutFederalFedNowMid2023PaymentsRealTimeReservesSet CryptoX Portal

Federal Reserveโ€™s FedNow Set for Mid-2023 Debut

“The benefits of instant payments are increasingly important to consumers and businesses, and the ability to provide this service will be critical for financial institutions to remain competitive,” Ken Montgomery, FedNow Service program executive, said in the central bankโ€™s press release. Source

Central African Republic court says new $60,000 citizenship by crypto investment program is unconstitutional

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According to Reuters, on Monday, the Central African Republic’s (CAR) Constitutional Court said that the purchase of citizenship, e-residency and land using its government-backed Sango digital currency is unconstitutional due to the absence of market value in nationalities. Earlier in July, the CAR’s government unveiled its Sango crypto hub to attract global crypto talent/enthusiasts, boost Bitcoin adoption and implement new crypto regulatory frameworks. The Sango blockchain is built on top of the Bitcoin blockchain, similar to a layer-2 solution.ย  Part of the program includes a citizenship by investment program, where…

Bitcoin Price Rebounds After Falling Below The $20,000 Mark

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The crypto market capitalization has just dived below the $1 trillion mark. Weโ€™re not surprised, given the recent negative turn of events. Bitcoin itself has plummeted below the $20k mark. Now BTC price is at $20,143. The case is also not better for altcoins. Ethereum, the second colossal crypto, has also recorded some losses in price. As of August 29, ETHโ€™s price stands at $1,537 after gaining a 7% growth. All these price losses have caused the crypto market cap to fall below the $1 trillion mark. As of August…

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