Day: August 24, 2023

attorneys leave SEC side, both groups add new lawyers

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Multiple attorneys have moved in and out of the lawsuit between Ripple Labs, executives and the United States Securities and Exchange Commission (SEC),  as signified by court filings on Aug.23. The latest motions filed were requesting permission to withdraw attorneys Richard Best and Robert MacDonald Moye from the trial, with the former having the motion immediately granted due to extended medical leave. Moye’s withdrawal is still pending a decision from Judge Analisa Torres.  Earlier the same day, a motion was filed for attorney Pascale Guerrier to be dismissed from the…

Nigerian crypto exchange’s token launch draws scrutiny

Patricia, a Nigerian cryptocurrency exchange, has revealed the introduction of its own native token named Patricia Token (PTK). However, the launch has generated more doubt than applause within the local cryptocurrency community. Native tokens are digital assets that are specific to a particular blockchain platform or cryptocurrency exchange. They are created and issued directly by the platform or exchange itself. Examples of native tokens include BNB (BNB) on the Binance exchange, Ether (ETH) on the Ethereum network, and Solana (SOL). In the official communication on X (formerly Twitter), the company…

Nigerian crypto exchange’s token launch draws scrutiny

boss

Patricia, a Nigerian cryptocurrency exchange, has revealed the introduction of its own native token named Patricia token (PTK). However, this launch has generated more doubt than applause within the local cryptocurrency community. Native tokens are digital assets that are specific to a particular blockchain platform or cryptocurrency exchange. They are created and issued directly by the platform or exchange itself. Examples of native tokens include Binance Coin (BNB) on the Binance exchange, Ether (ETH) on the Ethereum network, and SOL on the Solana blockchain. In the official communication on X…

Bitcoin goes bullish as supply on exchanges plunges

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin’s (BTC) price has been struggling around the $26,000 mark over the past week, but with the recent incline, more investors have shifted to self-custody. The flagship cryptocurrency finally gained bullish traction with a 1.5% rise in the past 24 hours — the upward momentum came while the BTC price dropped below the $26,000 mark six times over the past week. BTC whale activity and supply on exchanges – Aug. 24 | Source: Santiment Moreover, Bitcoin…

Pantera CEO Calls Ripple Victory A Black Swan, But Is It Bad?

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A recent release suggests that Pantera CEO Dan Morehead may have predicted the impact of a Ripple victory long before it occurred.   Ripple Victory: A “Positive Black Swan” Speaking at the Bloomberg Invest Panel, held back in June, Morehead was quizzed about what “black swans” the world should expect next, considering that we had just recently experienced a pandemic, complete shutdown, and financial crisis due to the pandemic.  Morehead responded and stated that we already had the “massive shoes drop last year,” most likely in reference to the events surrounding…

Paxos Report: Is Blockchain The Next Step For Global Remittances?

The age of digital currencies and blockchain technology is upon us, with an increasing number of institutions advocating for their widespread adoption. At the forefront of this conversation is Paxos Trust Company, the New York-based stablecoin titan. In a recent announcement, the firm strongly contended that blockchain technology could fundamentally reshape the global remittance landscape, streamlining the flow of funds and bolstering economies worldwide. Blockchain-powered remittance platforms are aiming to transform this industry with security and transparency, cost efficiency and speed and accessibility. Read more about the ways blockchain can…

Boba Network refreshes brand and revamps user interface

Boba Network, an Optimism-based layer 2 scaling network, is refreshing its brand and revamping the user interface of its Bridge and Gateway, per a recent press release shared with crypto.news. Boba Network is growing Following this announcement, there will be a comprehensive overhaul of the user interface for both the Boba Network Gateway and the Bridge, underscoring the platform’s commitment to enhance user experience. Distinguished as the sole layer-2 multichain compatible with Ethereum Virtual Machine (EVM) tools, the Boba Network leverages this capability to extend its multichain functionality to other…