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Ripple CEO Says That Company Expansion In Asia Is Not Affected By The Lawsuit

Mark Brennan
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Ripple CEO Says That Company Expansion In Asia Is Not Affected By The Lawsuit

Ripple CEO Brad Garlinghouse says the company’s Asia-Pacific operations have not been affected by the current regulatory issues in the United States.

Business As Usual

Despite being in the midst of a $1.3 billion lawsuit with the US Securities and Exchange Commission, it appears that “business as usual” for Ripple. In a conversation with Reuters on Friday, Garlinghouse revealed that the company has seen no adverse effects in the Asia-Pacific (APAC) amid the current SEC lawsuit:

The lawsuit has stunted activity in the United States, but it hasn’t really affected what we do in Asia Pacific.


In December 2020, the SEC accused Ripple and its key executives of violating securities laws in the sale of XRP tokens since 2013.

Brad Garlinghouse said:

We managed to grow the business in Asia and Japan because we had regulatory clarity in those markets.

Indeed, Japan and other APAC countries have been historically favorable to Ripple and XRP. Ripple is even part of a joint venture with Japanese SBI Holdings to form SBI Ripple. The JV company is at the heart of numerous projects targeting a Ripple-powered payment corridor in Asia.

In March 2020, the blockchain payment company, Ripple expanded further into Southeast Asia, by partnering with DeeMoney, a Thai fintech company.

Read: Ripple Creates Private Blockchain For Central Banks Launching CBDCs

Garlinghouse also downplayed the effects of delisting or stopping XRP token trading in the US. According to Ripple’s CEO, more than 200 platforms around the world have XRP trading pairs.

Aside from US crypto exchanges, asset managers and cryptocurrency funds such as Bitwise and Grayscale have also liquidated their XRP positions.

In December, the Ripple CEO revealed that only 5% of the company’s customers lived in the United States. Garlinghouse has previously stated that the company is considering moving out of the US if regulations fail to improve.

Meanwhile, both Garlinghouse and Ripple’s executive chairman Chris Larsen have moved on to file separate motions to dismiss the case. Their lawyers say the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) previously classified XRP as a virtual currency.

NBA team Dallas Mavericks To Accept Dogecoin Payments

Mark Brennan
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NBA team Dallas Mavericks To Accept Dogecoin Payments

The American NBA team, the Dallas Mavericks will accept Dogecoin (DOGE) as a payment method for game tickets and products in its online store. For this, the team has partnered with cryptocurrency payment processor BitPay.


Team also supports other cryptocurrencies

The team is known for its crypto-friendly strategy. Several cryptocurrencies were already supported including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and various stablecoins. The team is supported by billionaire Mark Cuban, who has taken over ownership of the team.

The altcoin known as “memecoin” now gets real use case. The Dogecoin was initially developed by Billy Markus and Jackson Palmer as a joke. It later turned out that the altcoin has risen in popularity, and that real use cases are now being attached to the cryptocurrency. Elon Musk, among others, has announced several times that he is a DOGE supporter, via Twitter.

All Dallas Mavericks fans will now be able to use Dogecoin on the team’s online store. Game tickets can also be paid with DOGE. The team sees the addition of DOGE as a consumer-oriented business decision. It would be about expanding business opportunities and reducing costs. The use of cryptocurrencies contributes to increasing payment transparency and efficiency.

Mark Cuban commented on adding DOGE as a payment option:

The Dallas Mavericks have decided to accept Dogecoin  as payment for Mavs tickets and online products for a very important, earth-shattering reason. We chose to do this because sometimes in business you have to do things that are fun, engaging and hopefully generate a lot of PR. So we’ll take Dogecoin today, tomorrow, and possibly more forever. For those of you wanting to learn more about Dogecoin, we highly recommend that you speak to your teens and ask them about it. They will be able to explain it all to you.

Due to the recent PR around Dogecoin, it might be possible that Cuban wants to take advantage of this. However, this is just a speculation.

What Is An IEO Or Initial Exchange Offering?

Mark Brennan
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What Is An IEO Or Initial Exchange Offering?

There are a wide variety of ways to raise capital for your start-ups or your ventures. There’s debt where you’re taking out loans from bank’s credit unions and other lenders.

You can raise equity to investors so you can give up shares of your company, you can have a blended type of funding round where you have debt and equity. Some of that is done through what is called a convertible note.

There’s another way that some startups have raised capital and that has been through what is called an ICO or an initial coin offering. However, there’s a new type of fundraising effort that is done through what is called an IEO or initial exchange offering.

So what are the differences between ICO and IEO.


Differences between ICO and IEO

  • An initial coin offering is when a company creates their own type of cryptocurrency and they just turn around and sell that to the end user or investors. The end users could be anyone with business that sells a product but the only way that people are going to be able to purchase that product is to buy your coins and so you sell those coins out into the marketplace before your product is actually made and that’s how you raise capital. It’s almost like a customer pre-sales. In other words, it just includes turning around and selling an ICO or an initial coin offering to investors so people who just believe in what you’re doing and they believe that the value of your company is going to grow and they invest in your coins. The whole process is done by you, there’s no middle party.
  • An IEO or an initial exchange offering becomes more popular and is pretty similar to an ICO but the key point here is that there’s a middleman. An exchange is actually helping you manage that offering so companies like Binance that help sell cryptocurrencies and create these IEO’s. An initial exchange offering has that middle party that is managing the sale of these coins from the startup to the investor. There’s a little bit of a due diligence period and research to understand the strength of the startup which is offering these coins so this trust is created in this type of offering.

Conclusion

They are not dramatically different in both. You’re selling a coin in some sort to investors or pre-sell to potential customers but an IEO just involves another party to that transaction so that IEO is becoming more popular.

Enjin Will Release Two Solutions To Support NFT Market And Reduce Ethereum Fees

Albert Brown
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Enjin Will Release Two Solutions To Support NFT Market And Reduce Ethereum Fees

Enjin will release two Ethereum scaling solutions: JumpNet and Efinity that will improve NFT support and help fight against high ETH transactions fees.

According to the press release, Enjin will release two new solutions that will change the way the Non-fungible Token (NFT) market works. In addition, the solutions will help solve the problem of high fees on the Ethereum network. According to Glassnode, the average gas price paid per transaction on the Ethereum network has increased about 16.5 times over the year.


JumpNet is an interoperable network of “bridges” that will operate on the basis of a proof-of-authority Consensus (PoA) mechanism, where only invited parties can participate in the network as nodes.

The network of “bridges” will be deployed in two stages, the first of which will allow users to move Enjin Coins (ENJ) from the Ethereum network to JumpNet. By transferring tokens to JumpNet smart contracts, users will be able to lock their tokens on Ethereum, and then unlock the corresponding number of tokens on the other side.

In this way, users will be able to create NFTs using the Enjin-developed ERC-1155 standard without the normally required gas. Users will then be able to send and receive these tokens through their Enjin wallet or trade them on the NFT marketplace.

In the second phase, we will ensure an uninterrupted connection between Ethereum and JumpNet for ENJ and all ERC-1155 tokens,” said Simon Kertonegoro, vice president of Developer Success. “This will allow our users to choose whether they want free transactions on JumpNet or trustless transactions on Ethereum and Efinity.

Enjin claims that the launch of Efinity will give developers the ability to issue tokens for multiple chains at once and move them to other compatible blockchains. The project will allow users of various blockchains to move their tokens to Efinity using non-trusting smart contracts. JumpNet will be rolled out on April 6, and Efinity will be rolled out later this year.

These technologies will enable developers to provide users with state-of-the-art capabilities without worrying about the unpredictable costs caused by gas charges, said Enjin CTO Witek Radomski.

Recently, Litecoin creator Charlie Lee criticized the NFT industry, comparing it to the ICO boom in 2017.

Ripple Creates Private Blockchain For Central Banks Launching CBDCs

Mark Brennan
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Ripple Creates Private Blockchain For Central Banks Launching CBDCs

According to an announcement published yesterday, Ripple is creating a new blockchain. It is specially tailored for central bank digital currencies (CBDCs).

A ledger especially for Central Bank Digital Currencies

A recent survey by the Bank for International Settlements found that more than 80% of the world’s central banks are already looking at CBDCs. Ripple wants to tap into this sector by offering “a secure, controlled and flexible solution” for the issuance and management of CBDCs.


Central banks can theoretically use some of the existing blockchains for their CBDC projects. Ripple noted that most blockchains won’t be able to provide the kind of throughput needed.

After all, a successful retail CBDC requires a huge number of transactions. Also, most blockchains are public ledgers open to all users. They are updated by a wide variety of validators, which is not ideal for CBDCs, Ripple argued.

A central bank needs more transaction privacy and control over its currency than a public ledger can provide. Therefore, the bank will most likely choose to create a CBDC on a private ledger that can also operate at the same scale, the company further explained.

Advantages of a private ledger

Ripple therefore plans to provide central banks with its own version of a private CBDC-focused ledger. It mainly offers fast speeds and scalability. But it also provides interoperability with existing global financial infrastructure and other digital assets.

The CBDC Private Ledger is based on the same blockchain technology as the XRP Ledger (XRPL). It is also primarily designed for payments.

Ripple said:

Moving money on the private ledger will be cost effective, reliable and almost instantaneous. Transactions can also take place with volumes required by central banks. The CBDC Private Ledger will initially handle tens of thousands of transactions per second (TPS). It has the potential to scale up to hundreds of thousands of TPSs over time.

For this purpose, the consensus protocol is “less expensive and 61,000 times more efficient than public blockchains that use proof-of-work,” the company said. This protocol is used in both the XRPL and the CBDC ledger.

The recent Federal Reserve Bank of New York research suggested that CBDCs have more potential for privacy than their private sector counterparts. Meanwhile, several CBDC pilots are already underway in countries such as China, Russia, France, Canada, South Korea, Brazil, Japan, Thailand and many more.

DeFi Aggregator SpaceSwap Switched To Binance Smart Chain

Albert Brown
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DeFi Aggregator SpaceSwap Switched To Binance Smart Chain

The DeFi aggregator SpaceSwap team launched a version of the platform on Binance Smart Chain (BSC). This is reported in the project blog.

SpaceSwap CEO Vladimir Nikitin explained that the transfer of SpaceSwap to BSC was because of Ethereum’s high transaction fees.

He Said:

The cost of gas on Binance Smart Chain is significantly lower than on Ethereum. This makes farming on BSC more efficient and users lose less money on transaction fees. We have already implemented Shadow Staking in the BSC version and will add other SpaceSwap services over time.



To farm the native SpaceSwap token on the BSC blockchain, you need:

  • Switch Metamask wallet to Binance Smart Chain.
  • Get LP tokens of the Pancake Swap exchange.
  • Deposit LP tokens into one of the SpaceSwap pools.

SpaceSwap is a profitable farming platform based on the Ethereum and BSC blockchains. It uses two native tokens: MILK2 to accrue rewards and SHAKE to keep inflation at bay.

The SpaceSwap ecosystem includes:

  • Interstellar: pools for staking LP-tokens Uniswap and Pancake Swap.
  • Galaxy: a voting system for adding new pools.
  • Bridge: a bridge for transferring MILK2 and SHAKE between Ethereum and BSC blockchains.
  • Blender: automatic MILK2 to SHAKE exchanger.
  • Gravity: stablecoin arbitrage platform.

Shadow Staking is an algorithm for staking without transactions. It transmits information to SpaceSwap about LP tokens on the user’s wallet. To receive a reward, you do not need to send tokens to the pool address. Currently, Interstellar, Bridge and Shadow Staking are available in the Binance Smart Chain version.

The Shadow Staking algorithm is a unique invention, it cannot be copied and connected to another platform. It has two advantages: safety and economy. The user leaves LP tokens in his wallet and does not risk anything. Tokens do not need to be moved, so it saves on transaction fees. explains Vladimir Nikitin, CEO of SpaceSwap.

Recall that in February 2021 the trading volume on BSC exceeded $100 billion.

Your Crypto Adventure Begins on the Starting Line-The STC Token ICO

PR DESK
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Your Crypto Adventure Begins on the Starting Line-The STC Token ICO

Finally, after 12 years, cryptocurrencies got the attention they deserve. Bit by bit, after it conquered vendors and inventors, Blockchain set the stage for public institutions.

It’s no wonder that people are so hyped by the idea of crypto, as it provides users with privacy and financial protection. This is how we fix all the issues with traditional banks.

And due to the developments in fees, loans, and even digital votes, the most popular crypto technology is the tokenization system.  

To make full use of it, a passionate company built its own STC token, available since February 1 on its ICO.

What is an STC token?

Student Coin, known as STC, is the core utility token of the blockchain project with the same name. With this token, users can create their own tokens without a high degree of technological expertise.

Once you joined the network, you can create the following types of tokens:

  • DeFi tokens; 
  • NFTs; 
  • Personal tokens;
  • Business tokens;
  • Start-up tokens.

You have a range of choices, regardless of whether you choose to exchange, swap, or crowdfund. All the tokens are linked to the value of the STC Token.

What makes the STC token unique?

The STC developers are focused on students.

They are the next generation of employees that will determine potential businesses’ performance. There is, therefore, a genuine need to make the academic programs less expensive.

But it’s not that easy. Reducing university charges would also reduce the budget to provide qualitative teachers, programs, or global cooperation.

Bank loans have been the only option up until now. But because of our volatile economy, people lost faith in banking services.

Instead, Student Coin implemented a decentralized solution to student loans – crowdfunding with single tokens.

So how does it work?

The upcoming student creates his STC-based token. This token is then visible on the market.  STC holders can purchase tokens until the student has enough to pay for the tuition.

A part of his monthly earnings will be locked for payment of the loan after graduation. And STC holders get cyclical profit payments if they participated.

The project is accepted by 500 leading universities worldwide, including Harvard and Manchester University.

Where can you find STC tokens?

Well, you shouldn’t miss the Student Coin launchpad ICO, which is open until April 30.

While it started a month ago, the token already crossed $2.7 million in token sales, reaching phase 43 out of 100.

Every phase has a rough $100,000 limit, and the price is upped by 5% with each refill.

Are there any benefits?

When you enter the ICO, you have priority access to tokens and extra assets.

You can earn 20% of the ETH investment from your friends or an extra 30% of their income. All you need to do is provide them with a special ICO referral connection.

In addition, 5% of the STC investment will be given to your mates.

Who is behind all of this?

A passionate team of 44 people from 12 countries operates Student Coin, ready to extend the usability of cryptocurrencies and find solutions for the customer’s concerns. Some of these members are IBM Europe’s former CTO and the Harvard Club President.

By the end of the year, an STC Exchange, an STC terminal, and even an STC framework will be ready to access. 

If you’re fascinated by their ideas as much as we are, join the ICO and be the first person to hear about their new features on social media.

Instagram: https://www.instagram.com/student.coin.world/ 

LinkedIn: https://www.linkedin.com/company/student-coin-worldwide/ 

Twitter: https://twitter.com/studentcoinorg 

Facebook: https://www.facebook.com/studentcoin.org 

Telegram: https://t.me/studentcoin 

Reddit: https://www.reddit.com/r/Studentcoin/ 

Discord: https://discord.gg/Nx65dMZcMt 

 

Grayscale Is Buying More And More Ethereum, Adding 19,355 ETH To Their Ethereum Trust in 7 days

Jakkk
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Grayscale Is Buying More And More Ethereum, Adding 19,355 ETH To Their Ethereum Trust in 7 days

The largest crypto asset manager in the world GrayScale bought a whopping 3,347 Ethereum yesterday.

Accumulation accelerated since Ethereum Trust reopened.


Grayscale has added 19,355 ETH to its Ethereum Trust in the past 7 days. The company now manages 3.17 million ETH tokens with a total value of nearly $4.86 billion. The asset manager has bought tons of tokens since reopening its Ethereum Trust in January 2021. In fact, in the past 30 days, Grayscale bought 243,519 ETH worth more than $380 million.

Also, data from Bybt.com shows that Grayscale has purchased large amounts of ZEC, ZEN and XLM. The company manages a total of 303,000 ZEC, 604,000 ZEN and 63 million XLM.

The total value of the company’s digital assets is now approximately $37.4 billion. This is down from $42.4 billion on Feb 20. The cause of this is the recent price dip of the crypto market.

Focus on Altcoins

Despite Bitcoin and Ethereum accounting for over 90% of the Grayscale digital assets, The assets manager now plans to purchase other cryptocurrencies as well. In a recent press release, Grayscale reported that it is considering 23 digital assets, including Aave, Chainlink, Polkadot, Cardano and EOS, as new investment products. Michael Sonnenshein, Grayscale’s CEO, said the following in the announcement:

We are eager to expand our product offering to better serve our investors. The digital currency universe is constantly evolving. We seek to create bold, exciting and innovative opportunities that meet our investors’ demand for differentiated exposure to this fast-growing asset class.

Ethereum hit an all-time high of $2,020 in February. The second largest cryptocurrency is now hovering around $1,600.

In February 2021, Dogecoin Surpassed Bitcoin In Popularity On Twitter

Mark Brennan
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In February 2021, Dogecoin Surpassed Bitcoin In Popularity On Twitter

In February, 2021, Dogecoin turned out to be the most talked cryptocurrency on Twitter, bypassing Bitcoin and Ethereum, according to data from the ICO Analytics.

According to ICO Analytics, the Dogecoin accounted for 10.4% of mentions related to digital assets. The share of Bitcoin was 10.1%, Ethereum 8.9%.


“It was inevitable in February,” wrote the ICO Analytics team.

 

This popularity was mostly because of Elon Musk tweets.

In February, Musk continued to speak out about Dogecoin on Twitter, after a series of tweets, the Dogecoin price rose by almost 50%.

Later, the businessman said that he had bought some doge coins for his youngest son. Then he turned to large Dogecoin holders with a proposal to sell part of their assets in order to reduce centralization.

There were rumors that SEC will begin investigation on Elon Musk tweets and pumping Dogecoin but there was no official confirmation.

In March, Musk announced his intention to build a new city in Texas, which will become the base for flights to Mars and beyond, and users again asked him about Dogecoin.

CoinFlip Added Dogecoin To 1,800 Of Its Crypto ATM’s Located In 46 US States

Mark Brennan
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CoinFlip Added Dogecoin To 1,800 Of Its Crypto ATM’s Located In 46 US States

CoinFlip has added the ability to purchase Dogecoin cryptocurrency to 1,800 of its crypto ATM’s located in 46 US states.

The Dogecoin cryptocurrency, which was created as a joke, has recently attracted a lot of attention, especially after Tesla CEO Elon Musk tweets about Dogecoin.


According to CoinFlip’s management, such a move by the company confirms the legitimacy of the coin and demonstrates CoinFlip’s commitment to meet the needs of customers and the crypto industry.

CoinFlip CEO and co-founder Daniel Polotsky stressed that now US citizens will be able to get an easier way to buy Dogecoin.

He said:

Given the growing popularity and recent massive attention towards dogecoin, we are committed to make Dogecoin part of our cryptocurrency portfolio and support dogecoin in the future.

After the strong growth of the Dogecoin price, the Dogecoin development team returned to support the cryptocurrency and started working again on the source code of the coin. At the same time, the founder of Dogecoin, Billy Markus, said that he sold all of his DOGE coins back in 2015.

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