Ripple’s top executive welcomes the community to join the upcoming Consensus 2024 event where he will share details about Ripple’s exciting new direction and innovations.
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David Schwartz, Ripple’s chief technology officer (CTO) and co-founder of the XRP Ledger, has announced on his official X platform account that he will be speaking at the upcoming Consensus 2024 event hosted annually by CoinDesk. He plans to discuss important topics during his appearance on stage.

Ripple CTO Unveils Institutional DeFi Vision at Consensus2024

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David Schwartz, Ripple’s chief technology officer (CTO) and co-founder of the XRP Ledger, has announced via his official X platform account that he will be speaking at Consensus 2024, organized annually by CoinDesk. During his presentation, Schwartz teased that he will reveal Ripple’s vision and roadmap for institutional DeFi on the XRP Ledger. Joining him will be Phil Kwok, co-founder of the EasyA app, to delve into this transformative topic.

Source: X

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Ripple Labs also tweeted about the upcoming session, highlighting discussions on multichain interoperability, EVM programmability, RWA tokenization, and more. This indicates a focus on enhancing financial protocols and integrating traditional finance safeguards within decentralized finance innovations.

Understanding Institutional DeFi: Institutional DeFi represents the evolution of decentralized finance tailored for financial institutions, merging DeFi’s innovative protocols with the stability and regulatory frameworks of traditional finance. According to a report by J.P. Morgan, this approach holds significant potential for growth and transformative impact in the financial sector. Despite skepticism from figures like Jamie Dimon, CEO of J.P. Morgan, who remains critical of Bitcoin, institutional DeFi aims to provide avenues for users to stake or lend cryptocurrencies for regular returns within secure DeFi contracts.

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David Schwartz Clarifies Crypto Holdings and Transactions
David Schwartz, Ripple’s CTO, recently addressed speculation within the X crypto community regarding his cryptocurrency holdings and transactions. In a tweet, Schwartz disclosed that at his peak, he held approximately 26 million XRP. He clarified that while he had sold Bitcoin and Ethereum to acquire more XRP, he has never sold any XRP to purchase other cryptocurrencies, except for what he termed “some unusual purposes.”
Schwartz’s statement effectively quelled community speculation about his XRP holdings and whether he had engaged in any significant sales. Such disclosures from influential figures in the crypto space can sometimes impact market sentiments and behaviors.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#XRP #Ripple #Memecoin #Mt.Gox #Ripple $XRP $BTC $ETH

REXBOX
Last updated Sep 22, 2023
Mt.Gox exchange again postponed its repayment plan by one year citing some legal reasons.
Mt.Gox was a popular Japan-based Bitcoin exchange. In early 2014 this exchange was processing nearly 70% of the global Bitcoin transactions. In the same year, people came to know that they had faced some hacking incidents in 2011 and later the Mt.Gox executives tried to change the customer’s Bitcoin transaction history in order to remain away from any compensation process. Later investigation found that not only Mt.gox executives manipulated transaction data but was also involved in illegal money transactions with the help of its platform. On 28 February 2014, this bitcoin exchange filed for bankruptcy in Tokyo. Also on 9 March 2014, the exchange filed for bankruptcy protection in the US, to remain away from legal actions.
Following the long-term bankruptcy proceedings, the exchange planned to repay the customers’ funds by October 31, 2023.
Just a day ago, Mt.Gox rehabilitation trustee Nobuaki Kobayashi confirmed that he will not be able to release the payment from time, so is going to extend it by a year. 
It is not the first time when rescheduling its repayment plan, earlier they postponed this plan several times.
Before this postponed plan, few people were expecting that Mt.Gox repayment news would act as a big catalyst to bring a sudden dump in the trade price of Bitcoin, as huge numbers of people would try to sell received funds.
Some people claimed that Mt.Gox postponed repayment plans because of the current market sentiments and waiting for the bull run so that it could easily distribute the former customers’ funds without any big market correction.
Some people are comparing bankrupt crypto exchange FTX with Mt.gox and claim that it will take a decade for the FTX’s former customers to get their funds back, as FTX bankruptcy proceedings will go through the conflict between several jurisdictions.
#Mt.Gox #Bull #Run #Give #Repayment

Today, the meme coin market is seeing a bullish surge, and Dogwifhat (WIF) is standing out with impressive performance. WIF has shown significant bullish moves, with its trading volume surging by 39.03% to reach $2.68 billion.
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The notable rise in volume indicates increasing optimism among traders about the coin’s potential. The heightened activity suggests that more investors are joining the market, contributing to the coin’s upward trajectory.

Dogwifhat (WIF) Sees Strong Price Surge and Increased Open Interest
Dogwifhat (WIF) is currently trading at $3.75, showing a 6.76% rise over the last 24 hours. This upward movement is part of a broader trend, as the coin has gained significantly over the past month. In the last 30 days alone, WIF’s price has surged by 40.06%, demonstrating robust bullish momentum within the Solana-based meme coin market.

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Additionally, there has been a notable increase in Open Interest for Dogwifhat. Over the past 24 hours, Open Interest has grown by 14.15%, reaching $522.74 million. This rise in Open Interest indicates that more traders are taking positions in WIF, reflecting increasing confidence in the coin’s future performance.

Factors Driving Dogwifhat’s Recent Surge
Dogwifhat (WIF) has experienced a significant surge recently, influenced by several key factors. Firstly, the overall positive sentiment in the meme coin market, exemplified by gains in coins like Dogecoin (DOGE), has bolstered investor confidence across the sector. This positive market sentiment often extends to related assets, contributing to a broader upward trend observed in meme coins.

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Secondly, Dogwifhat’s affiliation with the Solana blockchain is attracting investors‘ attention. Solana is renowned for its rapid transaction speeds and lower transaction fees compared to other blockchains such as Ethereum. This technological advantage can enhance user engagement and trading activity for meme coins operating on Solana, potentially boosting their attractiveness to investors.

Furthermore, the bullish sentiment surrounding WIF underscores strong community support and increasing investor interest. Meme coins typically thrive on active community engagement and robust social media presence, factors that can significantly impact their market value. Dogwifhat’s recent performance indicates effective utilization of these community-driven dynamics to drive its price upwards.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#WIF #Dogwifhat #Memecoin #Ripple #Mt.Gox $WIF $BTC $ETH