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Prices of #XRP , the currency that underpins certain of #Ripple Labs' payment services, have reversed gains that were made after internal #SEC documents connected to the Ripple litigation were made public. #crypto #trends

Prices of #XRP , the currency that underpins certain of #Ripple Labs' payment services, have reversed gains that were made after internal #SEC documents connected to the Ripple litigation were made public.

#crypto #trends

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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#bitcoinhalving was the most awaited episode in 2024. what's up with the #BitcoinHalvingTrends ? what are your thoughts ? #ScamRiskWarning #BinanceLaunchpool
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Bitcoin #ETFs. Rejected as Loan Collateral by #DTCC : No Impact on Retail Investors (Likely) Bad news for #Bitcoin ETF fans hoping to use them as loan collateral. The DTCC, a key financial services provider, won't accept them as collateral for loans. This affects inter-bank lending but likely won't impact retail investors' ability to buy or sell Bitcoin ETFs through brokers. #dyor"
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#Yugalabs Lays Off Again! Just 6 months after restructuring, the #NFT giant behind Bored Ape Yacht Club announces more layoffs and a renewed focus. CEO #Solano says Yuga Labs "lost its way" and needs to return to its creative roots. He blames complex processes and a focus on planning over execution. The company is spinning off some projects to focus on its 3D #metaverse game "Otherside." This comes amid falling NFT royalties due to marketplace changes. Yuga Labs also announced Won Kim as their new Head of Brand Partnerships, but it's unclear if this is part of the restructuring.
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Tornado Cash Fight Heats Up: DOJ Argues Developers Controlled Mixing This Friday, the U.S. Roman Storm, the developer of #Tornado Cash, asked the Department of Justice to drop the criminal accusations against him. They contended that the contested facts in the defense's petition were better suited for jury deliberation than first motion arguments. To put things in perspective, Storm and colleague developer Roman Semenov are accused of planning to launder money. The cryptocurrency developers behind Tornado Cash, a service that mixes cryptocurrency and anonymizes #blockchain transactions, were accused by the US authorities of running an unregistered money transmitter and breaking the law. Authorities in the United States have claimed that organizations like the Lazarus Group in #NorthKorea have used Tornado Cash to launder money. Late last month, Storm's legal team submitted a move to quash the indictment. The lawyers contended that Storm lacked control over the service and could not stop organizations like Lazarus from using it, and that Tornado Cash does not fit the requirements of a "financial institution" or a custodial mixing service. They deny running a money laundering organization as a result. The defense placed emphasis on the distinction between writing software code for a service mix and managing a money laundering enterprise. But the #DOJ refuted the defense's description of #TornadoCash in a brief on Friday. They emphasized that Tornado Cash is made up of a number of components, including a user interface, a network of "relayers," smart contracts, and a website. In essence, the brief highlights Storm's role in the creation and development of the system, the usage patterns of Tornado Cash, and other facts by making many references to material that the DOJ plans to present during the trial. Notably, Storm's trial is set for September of this year, but Semenov is still at large.
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The 13th Global Blockchain Congress happened recently on April 25th and 26th, 2024, Dubai . Investor Connections: Pre-arranged meetings between promising blockchain startups and qualified investors like VCs, family offices, and crypto funds. Industry Insights: Talks and discussions from leading figures in the blockchain space on various applications and future directions. Stay tuned to find out more recap updates. Official Channels: #Global Blockchain Congress website gbc-uae.com #GBC #agoraweekend #Agora #DubaiBlockchainWeek
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