Ripple legal team opposes SEC appeal over XRP decision

[ad_1] Lawyers representing Ripple in its lawsuit with the United States Securities and Exchange Commission (SEC) have suggested the regulator hasn’t met the requirements to request an appeal.In a Sept. 1 filing with U.S. District Court for the Southern District of New York, Ripple’s legal team said the SEC’s grounds for an appeal largely rested on “dissatisfaction” with a judge’s decision that the XRP token did not qualify as a

The story of a crypto influencer’s attempt to bend reality

[ad_1] In one of the weirder moments of my writing career, Carl “The Moon” Runefelt contacted me out of the blue seeking an “update to old information” in a May 2022 article. The article had touched on his involvement with the crypto payment platform Kasta, but Runefelt felt a pressing need a year later to get the copy changed to highlight the fact he was “not the co-founder of Kasta,

Digital rupee gets big usability boost through Yes Bank integration with UPI

[ad_1] The Reserve Bank of India (RBI) central bank digital currency (CBDC), the digital rupee, will have enhanced usability, Yes Bank announced Aug. 30. This was thanks to Yes Bank’s integration of the Unified Payments Interface (UPI) with the RBI digital rupee app. Now Yes Bank account holders will be able to make transactions with the digital rupee by scanning UPI QR codes.The UPI is a national payment portal operated

Balancer protocol exploited for $900K as DeFi hacks mount: Finance Redefined

[ad_1] Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.In this week’s newsletter, Ethereum staking services have agreed upon a 22% limit on all validators to ensure fair markets. August proved to be another costly month for DeFi as several protocols were collectively exploited for $16 million. In separate exploit news,

Kentucky regulator denies plan for subsidizing crypto mining facility

[ad_1] The Public Service Commission of the state of Kentucky has denied a proposed contract that would have allowed a mining firm to receive a discounted rate on electricity provided by the power company.In an Aug. 28 order, the commission denied a contract between Ebon International and Kentucky Power Company which involved a $50-million investment in a crypto mining facility in the city of Louisa. According to the filing, Ebon

Bitcoin continues to outperform Warren Buffett’s portfolio, and the gap is set to widen

[ad_1] Warren Buffett, the renowned investor and chairman of Berkshire Hathaway, celebrated his 93rd birthday on Aug. 30. Throughout his lengthy career, he has adhered steadfastly to a value investing strategy that bears some resemblance to the "buy and hold" approach often associated with cryptocurrencies. However, Buffett’s focus is on assets with strong earnings potential, and investing in companies and sectors where he and his team possess a deep understanding of

Former SEC chair says spot Bitcoin ETF approval is ‘inevitable’ despite delays

[ad_1] Following the United States Securities and Exchange Commission (SEC) delaying decisions on several spot Bitcoin exchange-traded funds, former commission chair Jay Clayton said he believed approval was still going to happen at some point.In an Sept. 1 interview with CNBC, Clayton said major financial institutions backing spot Bitcoin (BTC) investment vehicles represented a shift in how retail investors could get exposure to crypto. On Aug. 31, the SEC designated
Bitcoin News

Kava Chain Now Live on Fireblocks, Opening Cosmos DeFi to Institutional Investors

[ad_1] AdvertismentGeorgetown, Cayman Islands, September 1st, 2023, Chainwire Kava Chain, a decentralized Cosmos-Ethereum interoperable Layer 1 blockchain, is now available on Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain. The integration will enable safe and secure access for Fireblocks customers to the expanding Cosmos DeFi ecosystem via the Kava Chain. “With the integration of Kava Chain onto the Fireblocks Network, we’re excited

Bitcoin lines up RSI showdown as BTC price slips toward new 2-week low

[ad_1] Bitcoin (BTC) fell further after the Sep. 1 Wall Street open as monthly close losses continued to play out.BTC/USD 1-day chart. Source: TradingViewBTC price "Grayscale hype" disappearsData from Cointelegraph Markets Pro and TradingView followed weakening BTC price performance, which hit its lowest since Aug. 22.Bitcoin bears took full advantage of the August monthly close, with downside volatility characterizing Bitcoin and crypto markets overnight.Overall, BTC/USD lost 11.2% last month, and

Onboarding crypto users in Africa vs. the West — Fonbnk founder Christian Duffus explains

[ad_1] The African continent is considered a significant market for crypto adoption due to its youthful population, flawed economic management by governments, and inadequate financial infrastructure for internal and global connectivity. On Episode 28 of Hashing It Out, host Elisha Owusu Akyaw is joined by Christian Duffus, founder of Fonbnk, to discuss the complexity of onboarding users from the continent. Duffus shares his ideas for diverse and innovative ways to onboard