Australian Securities and Investments Commission (ASIC) has sued the country’s leading stock exchange in Federal Court, alleging it made “misleading and deceptive” statements over its now-abandoned project to replace its aging systems with blockchain technology. 
ASIC said on Aug. 14 that the Australian Securities Exchange’s (ASX’s) statements that the replacement project for its Clearing House Electronic Subregister System (CHESS) trading platform was “on track for go-live” in April 2023 and was “progressing well” were misleading.
The regulator claimed the project “was not tracking to plan” at the time the statements were made in early February 2022, and the ASX had no “reasonable basis” to imply the project would be ready by that date.
“We allege that the true state of affairs as at 10 February 2022 was that the project was not ‘progressing well,’ contrary to ASX’s announcement,” said ASIC Chair Joe Longo. “We believe this was a collective failure by the ASX Board and senior executives at the time.”
When asked for comment, ASX pointed Cointelegraph to a statement by ASX Managing Director and CEO Helen Lofthouse, who said it recognizes “the significance and serious nature of these proceedings.”
“We cooperated fully with ASIC’s investigation and are now carefully reviewing and considering the allegations,” Lofthouse added.
ASX wanted to replace CHESS with blockchain tech
In early 2016, ASX made the decision to replace CHESS — the computer system to manage the settlement of share transactions and record shareholdings — first introduced in the mid-1990s. 
Nearly two years later, it settled on a distributed ledger technology-based (DLT) system.
In November 2022 — after five years of work, multiple delays and blowing through $170 million (255 million Australian dollars) — ASX said it “paused” activity on the project after consulting firm Accenture found “significant challenges with the solution design and its ability to meet ASX’s requirements.#BTTcReward #MtGoxJulyRepayments #BinanceTurns7 #BlackRockETHOptions #BTTCLOVERSclack $BTC $ETH $BNB
((What are you waiting for? Follow Like & Share Thanks for the support❤️❤️❤️))

New Pepe could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
New Pepe (NEWPEPE), a newly launched Solana memecoin, is set to explode over 16,000% in price in the coming days.
This is because NEWPEPE is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, New Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and New Pepe could become the next viral memecoin.
New Pepe launched with over $20,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy New Pepe on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for New Pepe by entering its contract address – FoLAyD1Jr7TVitmAuJBSJMSaLriWhc1qShbzcLNQHtA1 – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like NEWPEPE.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.#BTTcReward #bttc🤓 #PEPE市值超越LTC #BTC☀ #BTTCLOVERSclack $BTC $ETH $BNB

Sybarite is thrilled to announce the forthcoming listing of its groundbreaking gaming token on the Biconomy Exchange. This major milestone marks the beginning of a new era in digital gaming, where Sybarite is set to redefine player experiences and in-game economies through advanced blockchain technology.
Sybarite: Unlocking the Future of Gaming:
Sybarite is a state-of-the-art token designed specifically for the gaming industry, offering a suite of utilities and features that address the evolving needs of gamers and developers. As the gaming market continues to grow exponentially, Sybarite is positioned to play a pivotal role in shaping the future of digital interactions and transactions within this vibrant sector.
Key Utilities and Use Cases:
Universal In-Game Currency: Sybarite acts as a universal currency across various gaming platforms, allowing seamless transactions and interoperability between games. This integration simplifies the payment process and enhances the overall gaming experience by eliminating the need for multiple currencies.
Play-to-Earn Mechanisms: Sybarite introduces innovative play-to-earn mechanisms, enabling gamers to earn tokens through gameplay achievements, participation, and other in-game activities. This model not only rewards skill and dedication but also adds tangible value to players' time and effort.
NFT Support: The token supports the creation and exchange of non-fungible tokens (NFTs), allowing players to buy, sell, and trade unique in-game assets and collectibles. This functionality adds a new layer of digital ownership and value, enhancing the depth and appeal of virtual economies.
Secure and Transparent Transactions: Built on blockchain technology, Sybarite ensures that all transactions are secure, transparent, and immutable. This safeguards against fraud and enhances trust among players and developers.
Current Gaming Market Landscape:
The global gaming industry has experienced unprecedented growth, with revenues projected to surpass $200 billion by 2025. This expansion is driven by technological advancements, increased internet accessibility, and a surge in gaming enthusiasts worldwide. As the industry evolves, there is a growing demand for innovative solutions that enhance player engagement and streamline transactions. Sybarite addresses these needs by providing a robust and versatile token that aligns with the future of gaming.
Sybarite’s Role in the Gaming Industry:Sybarite is set to become a cornerstone of the gaming ecosystem, bridging the gap between traditional gaming and blockchain technology. By offering a unified currency, rewarding player achievements, and supporting NFT transactions, Sybarite will drive greater interaction and economic value within games. Its seamless integration into the gaming experience positions it as a key player in the next generation of digital entertainment.
Looking Ahead: Blockchain Innovations in 2025
As Sybarite prepares for its listing on Biconomy Exchange, the team is also focused on future developments in blockchain technology, scheduled for 2025:
Advanced Scalability:  Sybarite will implement cutting-edge scalability solutions to handle increased transaction volumes and ensure a smooth user experience even as the gaming ecosystem expands.
Enhanced Interoperability:  The token will feature advanced cross-chain capabilities, allowing for greater integration with other blockchain networks and platforms, thereby broadening its use and impact.
Decentralized Governance:  Sybarite plans to introduce a decentralized governance model, empowering the community to participate in decision-making processes and shaping the future of the token.
Founder’s Statement:
“Sybarite represents a significant leap forward for the gaming industry, offering innovative solutions that align with the evolving needs of players and developers. We are committed to enhancing the gaming experience and look forward to the transformative developments we have planned for 2025 and beyond.”
About Sybarite:
Sybarite is an advanced gaming token designed to revolutionize the digital gaming industry. By leveraging blockchain technology, Sybarite offers a unified in-game currency, play-to-earn opportunities, and NFT support, aiming to enhance player engagement and streamline transactions. With a focus on innovation and community-driven development, Sybarite is poised to lead the next generation of digital gaming.
#BTTcReward #BinanceLaunchpoolTON #BTTCLOVERSclack #MtGoxJulyRepayments #BinanceTurns7 $BTC $BNB $USDC
((What are you waiting for? Follow me Like Share Thanks for the support❤️❤️❤️))

Ripple, the company behind XRP and its exchange network, is celebrating a significant legal milestone. On August 7, Ripple marked the conclusion of its four-year legal battle with the U.S. Securities and Exchange Commission (SEC). However, some legal experts question whether the latest court developments truly represent a complete victory for Ripple.
What Are the Latest Developments?
Ripple CEO Brad Garlinghouse announced via X that Judge Analisa Torres drastically reduced the SEC’s proposed $2 billion compensation penalty against Ripple by 94%.
Garlinghouse emphasized that this reduction is a triumph not only for Ripple but also for the broader industry and the rule of law. He stated, “This process is a victory for Ripple, the industry, and the rule of law. The SEC’s negativity towards the entire XRP community has been eliminated.”
The announcement triggered a 26% surge in XRP’s value. While many in the legal community hailed the court’s decision as a major win for Ripple, others were more cautious. Some experts even suggested that the legal saga might not be over yet.

What Are the Legal Implications?
Philip Moustakis, a lawyer at Seward & Kissel and former SEC advisor, expressed that reducing the SEC’s claim from $2 billion to $125 million is undoubtedly a loss for the SEC.
However, he cautioned that declaring a clear winner is challenging due to ongoing legal ambiguities around U.S. securities laws and cryptocurrencies. Moustakis noted, “Ripple is a winner, but if you have to be involved in a lawsuit for years, have your asset delisted from exchanges at least temporarily, fight a regulator, and pay a hefty fine, it doesn’t feel like a victory.”
Despite Ripple’s high costs, the SEC may still appeal various aspects of the case, leaving some uncertainty in its wake.
Key Takeaways for Ripple’s Case
– Ripple succeeded in significantly reducing the SEC’s proposed fine.
– XRP saw a 26% increase following the announcement.
– Legal experts are divided on whether this constitutes a complete victory.
– Ongoing legal uncertainties regarding cryptocurrency regulations persist.
– The SEC may still appeal parts of the case, implying potential future legal challenges.
Conclusion
Ripple’s legal battle with the SEC may have reached a pivotal point, but it is clear that the repercussions and debates around the case are far from over. As both Ripple and the broader cryptocurrency community await further developments, the question of how U.S. securities laws apply to digital assets remains a significant concern.#BTTcReward #MtGoxJulyRepayments #BinanceTurns7 #BlackRockETHOptions #BTTCLOVERSclack $BTC $ETH $BNB
((FOLLOW LIKE & SHARE THANKS FOR SUPPORTING❤️❤️❤️))

Bitcoin’s price surged past the $61,500 mark shortly after the US markets commenced operations, though it struggled to maintain that level. This anticipated surge is seen as a potential lifeline for altcoins, contingent on Bitcoin consolidating above $60,000. The article delves into the current price forecasts for three prominent cryptocurrencies.
What Is Happening with LUNA Coin?
Do Kwon successfully annulled numerous extradition orders, with Montenegro providing a safe haven amid volatile markets. Concurrently, the US trial culminated in billion-dollar fines and restitution demands for his company. Market competitiveness has compounded Terra’s challenges.
As a result, Terra (LUNA) faces a bleak long-term outlook, mirrored in its price chart. The coin, previously hovering at $0.33, plummeted to a new low of $0.24 last week following a token economy update. Should the $0.32 support fail, LUNA could drop further to $0.2 or below. Conversely, closing above $0.46 could refocus attention on the $1 target by reclaiming the $0.545 support.
Can FLOKI Coin Break Resistance?
Despite recent volatility, FLOKI Coin has held its ground at $0.000110, hinting at continued upward momentum. Bulls need to push past $0.000155, which necessitates Bitcoin climbing back to $65,000 and dismissing concerns over the $49,000 level.
Surpassing the $0.000209 resistance could trigger new all-time high (ATH) attempts, reinforcing bullish sentiment that the peak of the bull market is still ahead.
Solana’s Price Outlook!
At the time of writing, Solana (SOL) was priced at $146. Despite fears of a drop to $111, it avoided hitting the $98 target, providing hope for ATH expectations. SOL demonstrated relative strength during market downturns, where many other cryptocurrencies reached their all-time lows (ATL).
Reclaiming $155 could result in fluctuations between $168 and $193, with the ultimate objective to surpass the critical $210 resistance and initiate a new ATH movement.
Key Insights for Investors
The following are concrete insights based on the article’s analysis:
Bitcoin’s ability to stabilize above $60,000 is crucial for altcoin recovery.
LUNA faces significant risk unless it reclaims key support levels.
FLOKI needs Bitcoin to rise to $65,000 for further upward movement.
Solana’s relative strength suggests potential for new ATH, provided it breaks critical resistance levels.#BTTcReward #BTTCLOVERSclack #SolanaUSTD #BlackRockETHOptions #BinanceTurns7 $BTC $ETH $BNB
((What are you waiting for? Follow me Like Share Thanks for the support❤️❤️❤️))