Day: July 16, 2023

XRP ruling triggers crypto rally, SEC accepts bitcoin ETFs, Binance’s woes mount

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XRP ruled not a security, triggering a market-wide rally. Binance faces regulatory pressure with layoffs and legal disputes. Spot bitcoin ETFs gain recognition from SEC. Read these and other news in our weekly recap. In a groundbreaking ruling, Ripple emerged victorious in their SEC lawsuit as the judge declared that XRP is not a security. The market responded with a rally, led by XRP, while altcoins surged, sparking speculation of an impending altcoin season. Meanwhile, Binance found itself in the spotlight as reports of widespread layoffs emerged amid mounting regulatory…

‘Ethereum for Business’ explains key use cases

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The cryptocurrency market has encountered its share of ups and downs over the past year, but blockchain technology continues to see impressive growth as businesses seek digital transformation.  Recent findings from the market research platform, MarketsandMarkets, estimated the global blockchain market size to be $7.4 billion in 2022. While notable, the report indicates that the blockchain sector is expected to generate $94 billion in revenue by the end of 2027. If these findings are accurate, this will result in a compound annual growth rate of 66% from 2022 to 2027.…

‘Crypto Queen’ Cynthia Lummis applauds XRP ruling

Republican lawmaker and self-described crypto HODLer, Senator Cynthia Lummis, has expressed her support for the recent judgment in the SEC vs. Ripple case. Sen. Cynthia Lummis is one of crypto’s most prominent supporters on Capitol Hill. She posted on Twitter her feelings about the ruling in the U.S. Securities and Exchange Commission’s (SEC) case against XRP. My statement in response to the Southern District of New York’s ruling in Securities and Exchange Commission v Ripple Labs, Inc. pic.twitter.com/bmIxR0AmhT — Senator Cynthia Lummis (@SenLummis) July 14, 2023 Senator Lummis applauded Analisa…

Fake LayerZero airdrop drains victims’ wallets

A recent phishing attack involving a fake LayerZero airdrop targeting Twitter users has drained multiple crypto wallets. In a recent tweet, the security firm Certik advised users to be careful about any airdrops. They further said that the fake giveaway is being promoted on Twitter by accounts impersonating Layer Zero. The tweets include links to a fake LayerZero website. When users click on the links, they are taken to a website that looks like the official LayerZero website. The fake platfrom asked users to connect their cryptocurrency wallets to claim…

Tim Draper sets bitcoin target of $250k, DigiToads and Cardano poised to 100x

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied While US major investor Tim Draper believes bitcoin will hit $250,000, other analysts think DigiToads and Cardano are poised to grow by 100x. DigiToads investors anticipate value increase DigiToads’ presale success has made it one of the most sought-after cryptocurrencies. Crypto enthusiasts believe this cryptocurrency could grow by 100x once it launches, increasing the value of investors’ portfolios. The crypto project recently unveiled a collection of trending NFTs that allow users to make money from DigiToads’…

The transformative power of asset tokenization

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Asset tokenization has long been regarded as one of the most compelling applications of blockchain technology. Back in June 2019, the United States investment banking giant BNY Mellon declared it has the potential to “dramatically change the dynamic” for investors and unlock opportunities that were previously out of reach.  Real estate is an inevitable place to start. Tokenizing properties can open the door to fractional ownership, enabling individuals to purchase a small chunk of a building. The volatility of global markets has shown why diversification is crucial — but until…

a crypto conference that is also a party

ETHBarcelona, one of the year’s most anticipated crypto conferences, just concluded, having transformed the typically staid and formal atmosphere of such gatherings into a pulsating, exuberant fiesta that rivaled the best Barcelona parties. While maintaining the gravitas of a serious crypto event by featuring heavy hitters from the industry, ETHBarcelona has redefined the traditional conference formula by incorporating entertainment and lifestyle elements to foster a more engaging, relaxed environment. Like any major crypto event, ETHBarcelona boasted a roster of prominent industry personalities who participated in various capacities. Attendees had the…

AI systems used in deadly military operations in Israel: Report

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As tensions rise in the occupied territories and with Iran, the Israel Defense Forces are reportedly utilizing artificial intelligence (AI) to choose targets for air strikes and manage logistics during wartime. According to a Bloomberg report, officials in the Israeli military confirmed the use of an AI recommendation system by the military. This system reportedly analyzes vast amounts of data to assist in target selection for air strikes. Additionally, the Fire Factory, another AI model, reportedly swiftly assembles subsequent raids by calculating munition loads, prioritizing and assigning targets and proposing…

Gorilla Funds CEO explained how to make NFTs and web3 mainstream

The widespread adoption of NFTs could be on the horizon, but we need simple solutions for users, Gorilla Funds’ Jakob Sievers tells crypto.news at NFT Show Europe. Web3 is already poised to fundamentally transform the way we operate, according to Jakob Sievers, CEO of Gorilla Funds, a German-based web3 company, during his recent talk at NFT Show Europe in Valencia, Spain. Sievers gave real-world examples of potential NFT adopters, such as artists, event organizers, and fitness companies. He emphasized, however, that the absence of necessary tools hinders the journey to…

Senator Lummis urges clear crypto regulations after XRP ruling

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Senator Cynthia Lummis, a Republican from Wyoming, has taken to Twitter to emphasize the significance of a recent court ruling by Judge Analisa Torres, which declared that the Ripple-associated token XRP should not be considered a security. Senator Lummis highlighted that this ruling underscores the urgent need for Congress to establish a comprehensive and unambiguous regulatory framework for cryptocurrencies. Senator Lummis stressed the importance of the court ruling and its impact on cryptocurrency regulation in her tweet. She stated that the verdict reinforces the immediate requirement for Congress to provide…