https://t.me/Cronos_Cardano_Ripple

2022-10-09 20:29:02 Cardano’s Charles Hoskinson May Fear Repercussions for ADA if SEC Deems XRP a Security

Cardano founder Charles Hoskinson has clarified his views on the dispute between SEC and Ripple, saying that contrary to what the XRP community thinks, he was not against the project. In a Twitter thread, Hoskinson explained that his position on most Layer 1 protocols is that they are not securities as long as they offer utility.

They are decentralized enough to have operators worldwide survive their founders. He considers Ripple’s XRP a commodity by this definition, saying it passes the Howey test. He added the fact that an XRP Army independent of the Ripple founders is criticizing him is proof that it is a commodity. In his view, it should be based on the fact that it is absurd to apply “securities regulation to something that has millions of independent participants in more than a 100 countries who cannot be controlled by any fiduciary of a single company.”

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2022-10-08 04:40:05 Staked Cardano (ADA) drops to 8-month low despite Vasil upgrade

Despite the community at Cardano (ADA) welcoming the Vasil hard fork with much anticipation, the grand update promising to improve the network scalability has so far failed to make significant traction in terms of staking value. As it happens, the total value locked (TVL) in Cardano has been steadily declining since its peaks in March.

Specifically, Cardano’s TVL at press time stood at $76.66 million, which represents a drop of 76.49% from a high of $326 million it had reached on March 24, 2022. The recent values have brought back the staking value of ADA to its January 2022 levels. ADA’s daily social mentions had reached a 90-day high of 52,470 as of September 23, adding up to a total of 2.32 million mentions at the time, as the data from the social intelligence.

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2022-10-07 09:45:03 Ripple ‘slams’ SEC for opposing amicus briefs, XRP up 3.6%

Ripple has criticized the Securities and Exchange Commission (SEC) over its opposition to the amicus briefs filed by I-Remit and TapJets, according to an Oct. 5 tweet from defense lawyer James Filan.According to the crypto firm, there was nothing wrong with the motions filed by I-Remit and TapJets.

Meanwhile, Judge Analise Torres had ordered the SEC to hand over Director Hinman’s document to Ripple –the papers will help the crypto firm make its defense against the commission. Ripple’s XRP is up 3.6% over the last 24 hours, continuing its impressive run in the previous 30 days, according to CryptoSlate data. Crypto traders’ interest in XRP turned bullish after its parent company recorded a string of victories against the regulator. This has birthed the belief within the ecosystem that the firm might be able to defeat the SEC.

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2022-10-06 07:35:04 SEC opposes third parties seeking to prove utility of Ripple blockchain

The U.S. Securities and Exchange Commission (SEC) has filed a motion to oppose two firms seeking to present evidence in support of Ripple in the ongoing SEC vs. Ripple lawsuit. I-Remit said it had evidence to prove that several companies use XRP for cross-border payments and not as a speculative asset.

On Sept. 30, payment remittance firm I-Remit Inc. and aircraft firm Tapjets Inc. filed a motion asking the court to permit them to file an “amicus briefing.” The process allows a third party to present information relative to an ongoing case that could influence the court’s judgment. Given that the firms are expected to release information in support of Ripple’s case, the SEC alleged that Ripple may have influenced the proposed evidence.

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2022-10-05 07:50:04 Climate start-up partners with Ripple to launch marketplace for carbon credits
Web 3 climate start-up Thallo inked a partnership deal with Ripple (XRP) and various other companies to build a first-of-its-kind marketplace that brings buyers and sellers of high-quality carbon credits. Thallo’s platform runs on Ripple’s XRP and focuses on the pricing problem of the current carbon market.

According to the announcement, the total cap of the voluntary carbon market is almost $2 billion and is expected to see $150 billion in the next eight years. Thallo’s efforts to contribute to the carbon market to increase liquidity, scalability and price access align with Ripple’s commitment to bolster carbon neutrality in the crypto sector. Ripple’s XRPL is already carbon-neutral, and the company takes initiatives to increase green energy projects. Thallo’s team is divided into three pillars.

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2022-10-04 15:46:02 Cardano Reaches New Scaling Milestone That Might Allow Nodes To Sync Faster

Cardano is about setting a milestone in scaling solution Mithril, as IOG CTO, Romain Pellerin, tweeted about bootstrapping a Cardano node through a Mithril snapshot within minutes. Mithril was listed as one of the ways Cardano intended to scale at the start of the year. Cardano builder IOG introduced Mithril during the 2021.

The IOG team recently stated it has been working on a first use case to leverage Mithril to quickly and efficiently bootstrap a full Cardano node. The Cardano network connects thousands of nodes into one unified system, where they communicate with other nodes to provide information about new blocks and transactions. Because every node has a complete copy of the blockchain, synchronizing nodes requires each new node to download and verify each block, which adds time to the process.

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2022-10-03 15:20:07 Cardano Developer Emurgo Undaunted By Bear Market As It Shells Out $200M In Investments

The crypto bear market has been brutal, but it has not stopped development in the Cardano ecosystem in any way. The network recently celebrated the completion of its Vasil hard fork, and even though the price of its native token ADA has failed to move in tandem with the development.

CoinDesk caught up with Ken Kodama, founder of Emurgo, at the Token 2049 conference, where it was released that the Cardano developer would be diving deeper into funding for the ecosystem. It was revealed that Emurgo was planning to inject $200 million into the ecosystem for projects built on the network. It has also earmarked $100 million out of this fund to go towards investments in Africa, a region where Cardano development has been ramping up in recent months.

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2022-10-02 14:33:02 Judge orders SEC to turn Hinman documents over to Ripple Labs after months of dispute

Ripple Labs scored a victory in its continuing legal battle with the United States Securities and Exchange Commission (SEC) on Sept. 29 as U.S. District Court Judge Analisa Torres ruled to release the documents written by former SEC Corporation Finance Division Director William Hinman.

Hinman stated in his speech that Ether (ETH) was not a security. Ripple Labs considers the speech a key piece of evidence the case the SEC has brought against it alleging that sales of Ripple’s XRP violated U.S. securities laws — though time has yet to tell whether the language used in the speech will be as meaningful as the company suggests. The circumstances surrounding the speech and Hinman’s actions leading up to it are a source of considerable confusion.

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2022-10-01 07:12:02 Judge rules in favor of Ripple against SEC in Hinman document case

U.S. District Judge Analise Torres has ruled in favor of Ripple Labs after it ordered the SEC to release documents relating to a speech delivered by former SEC official William Hinman. During a 2018 summit, William Hinman asserted that the sale of Ethereum and related cryptocurrencies are not securities.

Ripple Labs has been demanding access to Hinman’s speech to defend against the SEC’s claim that XRP should be treated as securities. The SEC had resisted court injunctions to hand over the document to Ripple, claiming that the Hilman document was protected by the deliberative process privilege (DPP). The SEC failed to hand over the document, instead filing a motion to assert that attorney-client privilege protects the document. Judge Sarah Netburn, on Jan. 13, 2022.

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2022-09-30 17:27:02 Cardano's Founding Entity Emurgo to Invest Over $200M to Boost Ecosystem

Cardano development lab Emurgo will invest over $200 million to support the ecosystem’s growth over the next three years, founder Ken Kodama told CoinDesk on the sidelines of the ongoing Token 2049 conference on Thursday. Emurgo is a founding entity of the Cardano protocol and develops products, services and applications meant to support the growth of the network.

The funds, which are from Emurgo’s own capital, will be provided to projects directly building atop Cardano and to projects from other networks that build products that integrate Cardano’s network alongside their own. Kodama said $100 million will be earmarked for investments in Africa under Emurgo’s African investment initiative. He explained that a key growth driver in the region was the use of lending and borrowing crypto services meant for daily life, as opposed to speculative purposes.

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