Month: August 2023

Undisclosed SEC memo muddies waters in Ripple’s legal battle

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied An undisclosed SEC memo, spotlighted in a recent Twitter discussion, questions the agency’s initial stance on XRP’s classification, complicating Ripple’s ongoing legal battle. Bill Morgan highlighted a memo discussing the SEC’s internal views on XRP’s security status. John Deaton, in his response, clarified that the memo didn’t label XRP as a non-security but indicated no enforcement recommendations, suggesting the SEC didn’t initially view XRP as a security. To be clear, I didn’t say the memo concluded…

Google updates service policies to comply with EU regulations

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Google plans to update some of its service policies to comply with the European Union’s Digital Services Act (DSA), according to an Aug. 24 blog post.  The Big Tech giant said it had made “significant investments” in various areas to comply with the DSA’s specific requirements. It plans to expand its Ads Transparency Center, researchers’ access to data and its transparency research; add more visibility for content moderation; create a new Transparency Center for its policies; and conduct more in-depth risk analysis. The post also expressed that Google has voiced…

OnlyFans Parent Company Buys $20 Million Worth of Ethereum

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OnlyFans, the well-known adult content subscription platform, has made a bold move into the world of cryptocurrencies. Its parent company, Fenix International, recently revealed its significant investment of nearly $20 million in Ether (ETH) in 2022.  According to official financial filings submitted to the UK corporate registry, Fenix International acquired nearly $20 million worth of ETH over a two-year period. While the company’s investment in Ether demonstrates its progressive approach, it wasn’t immune to the market’s inherent volatility. By the end of November 2022, the value of Ether had plummeted…

5 real-world Python applications 

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Python, a versatile and user-friendly programming language, has gained immense popularity for its simplicity and power. Its extensive libraries and frameworks have paved the way for innovative solutions in a wide range of industries. From web development to data analysis, Python’s capabilities have transformed the way programmers approach and solve problems. This article will explore five real-world Python applications that are making a significant impact in different sectors. Web development: Django and Flask Python’s prominence in web development is evident through frameworks such as Django and Flask. Django, a high-level…

Islamic finance and Web3 take stage at Istanbul Blockchain Week

Being one flight away from both Dubai and London, Istanbul is the “financial capital” of Turkey and a popular destination for events and organizations. Its convenient location also helps organizers customize their events to align with the specific needs of Eastern or Western cultures — which felt like the case at Istanbul Blockchain Week 2023. IBW 2023 saw thousands of local and international enthusiasts join the conversation on crypto, blockchain and Web3 on Aug. 22 and 23 at the Hilton Istanbul Bomonti. Tailored to reflect the various discussions across the…

Friend.tech Activity Crashes 94%, Is This The End?

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Decentralized social networks have always faced significant challenges to gain mainstream adoption. Such is the apparent case of Friend.tech, a new decentralized app that enjoyed explosive growth earlier this month.  Just barely two weeks after its launch, Friend.tech saw its trading fees grow to rival top cryptocurrencies like Bitcoin and Tron. However, the euphoria is starting to subside, as activity and trading fees on the social media app have crashed by 94%.  Friend.tech Records Massive Fall In Trading Activity Friend.tech’s model had raised concerns from some crypto investors, with some…

1inch wallet buys $10M in ETH following a $3.7M profit streak in July

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A crypto wallet belonging to the 1inch Investment Fund has bought huge amounts of Ether (ETH) a month after recently cashing out on its dollar-cost averaging (DCA) buys throughout the first quarter of 2023.  Blockchain analysis platform Lookonchain, which follows and posts smart profitable trades, flagged the transaction. According to the firm, the 1inch-affiliated wallet bought a total of 6,088 ETH at the price of $1,655, which means that the company spent over $10 million on the purchase. 1inch Investment Fund wallet spent $10M to buy 6,088 $ETH at $1,655…