Elon Musk (Twitter)
Interesting Spaces about Wagner revolt
https://twitter.com/i/spaces/1vAGRAwNvzXKl
Interesting Spaces about Wagner revolt
https://twitter.com/i/spaces/1vAGRAwNvzXKl
Crypto trading is an important part of the virtual asset ecosystem, says Hong Kong's SFC chief
Cointelegraph.com News (RSS)
According to the CEO of Hong Kong's Securities and Futures Commission, Julia Leung Fung-yee, incorporating virtual assets into the regulatory system was crucial after FTX bankruptcy.
Cointelegraph.com News (RSS)
According to the CEO of Hong Kong's Securities and Futures Commission, Julia Leung Fung-yee, incorporating virtual assets into the regulatory system was crucial after FTX bankruptcy.
Ether price eyes $3K as exchanges’ ETH balances drop to an all-time low
Cointelegraph.com News (RSS)
On-chain data and ETH price charts are beginning to hint at a possible rally to $3,000.
Cointelegraph.com News (RSS)
On-chain data and ETH price charts are beginning to hint at a possible rally to $3,000.
Tokenized FTX claim is used as collateral for a loan
Cointelegraph.com News (RSS)
A creditor of now-bankrupted crypto exchange FTX pledged a $31,307 claim as collateral for a DeFi loan.
Cointelegraph.com News (RSS)
A creditor of now-bankrupted crypto exchange FTX pledged a $31,307 claim as collateral for a DeFi loan.
Cardano creator dispels misconceptions, denies working with Ripple
Cryptopolitan (RSS)
Cardano’s (ADA) creator, Charles Hoskinson, recently took to Twitter to dispel rumors of a partnership with Ripple and clarify his professional background. Hoskinson emphasized that he had no affiliation with Ripple (XRP) and expressed his bewilderment at the endless stories suggesting otherwise.
Furthermore, he stressed the need to differentiate himself from Ethereum co-founder Vitalik Buterin, who had once applied for an internship at Ripple but ultimately did not participate due to visa issues.
Why do I keep seeing people claim I worked at Ripple as an intern? I never worked for them in any capacity. You're confusing me for Vitalik who I believe was an intern
— Charles Hoskinson (@IOHK_Charles) June 23, 2023
The confusion surrounding Hoskinson’s alleged connection to Ripple stemmed from mistaken identity, with some crypto enthusiasts incorrectly assuming that he had worked as a Ripple intern. However, Hoskinson categorically denied ever being associated with the company and expressed his desire to avoid being confused with Buterin, who had indeed sought an internship opportunity at Ripple in 2013.
While Buterin’s attempt to intern at Ripple provides an interesting tidbit, it did not come to fruition due to visa complications. Instead, Buterin went on to collaborate with fellow cryptocurrency enthusiasts and became one of the co-founders of Ethereum, currently the second most valuable cryptocurrency in the market.
Former Ripple executive Matt Hamilton shared the information about Buterin’s internship application as part of a discussion on the first blockchain to implement various features such as tokenized assets, decentralized exchanges, smart contracts, and stablecoins.
Hamilton aimed to dispel claims that Ripple was the pioneer in implementing these functionalities. However, data from cryptocurrency analytics firm Token Paddock contradicts this assertion, indicating that Ethereum was the first blockchain to offer decentralized capabilities.
Charles Hoskinson, the creator of Cardano, has clarified that he has no ties to Ripple and denied any affiliation with the company. He also sought to distinguish himself from Vitalik Buterin, who had previously applied for an internship at Ripple but could not participate due to visa issues. The debate surrounding the first blockchain to introduce tokenized assets, decentralized exchanges, smart contracts, and stablecoins remains ongoing, with conflicting claims from Ripple and Ethereum proponents.
Cryptopolitan (RSS)
Cardano’s (ADA) creator, Charles Hoskinson, recently took to Twitter to dispel rumors of a partnership with Ripple and clarify his professional background. Hoskinson emphasized that he had no affiliation with Ripple (XRP) and expressed his bewilderment at the endless stories suggesting otherwise.
Furthermore, he stressed the need to differentiate himself from Ethereum co-founder Vitalik Buterin, who had once applied for an internship at Ripple but ultimately did not participate due to visa issues.
Why do I keep seeing people claim I worked at Ripple as an intern? I never worked for them in any capacity. You're confusing me for Vitalik who I believe was an intern
— Charles Hoskinson (@IOHK_Charles) June 23, 2023
The confusion surrounding Hoskinson’s alleged connection to Ripple stemmed from mistaken identity, with some crypto enthusiasts incorrectly assuming that he had worked as a Ripple intern. However, Hoskinson categorically denied ever being associated with the company and expressed his desire to avoid being confused with Buterin, who had indeed sought an internship opportunity at Ripple in 2013.
While Buterin’s attempt to intern at Ripple provides an interesting tidbit, it did not come to fruition due to visa complications. Instead, Buterin went on to collaborate with fellow cryptocurrency enthusiasts and became one of the co-founders of Ethereum, currently the second most valuable cryptocurrency in the market.
Former Ripple executive Matt Hamilton shared the information about Buterin’s internship application as part of a discussion on the first blockchain to implement various features such as tokenized assets, decentralized exchanges, smart contracts, and stablecoins.
Hamilton aimed to dispel claims that Ripple was the pioneer in implementing these functionalities. However, data from cryptocurrency analytics firm Token Paddock contradicts this assertion, indicating that Ethereum was the first blockchain to offer decentralized capabilities.
Charles Hoskinson, the creator of Cardano, has clarified that he has no ties to Ripple and denied any affiliation with the company. He also sought to distinguish himself from Vitalik Buterin, who had previously applied for an internship at Ripple but could not participate due to visa issues. The debate surrounding the first blockchain to introduce tokenized assets, decentralized exchanges, smart contracts, and stablecoins remains ongoing, with conflicting claims from Ripple and Ethereum proponents.
Twitter
Why do I keep seeing people claim I worked at Ripple as an intern? I never worked for them in any capacity. You're confusing me for Vitalik who I believe was an intern
KT announces ambitious $5.3 billion investment plan for AI advancement by 2027
Cryptopolitan (RSS)
KT, a South Korean mobile carrier, has made a ground-breaking declaration, announcing its aim to invest $5.3 billion in artificial intelligence (AI) technologies by 2027. By utilizing AI’s enormous potential to spur innovation and revolutionize numerous facets of the economy, the company wants to firmly establish itself as a leader in the field, which is quickly growing.
By making such a substantial investment, KT demonstrates its dedication to leading the way in AI development.
Preparing the ground for the revolution in AI
Amid the AI industry’s rapid expansion, South Korean mobile giant KT, formerly known as Korea Telecom, has positioned itself as a leader in the field by declaring its intention to invest $5.3 billion (7 trillion won) in the research and development of AI services over the following five years.
Korean Telecom aims to guarantee future development engines and boost AI competitiveness to surpass 1 trillion won ($764 million) in yearly sales from AI enterprises by 2025.
This week, the tech behemoth conducted a press conference at the Novotel Ambassador Dongdaemun in Jung-gu, Seoul, to discuss its plans for customer-tailored AI services, including AI-driven robotics, care, and education, as well as AI contact centers and logistics business.
According to a report, the vice president of KT’s AI/DX Convergence Business Division, Song Jae-ho, said, “KT is Korea’s leading AI company, and we will establish ourselves as a customer-centered AI service provider by applying our experience, capabilities, infrastructure, and knowhow to the AI business.”
To realize this goal, investing heavily in its infrastructure and building “super-giant AI technology” and new AI enterprises is necessary. KT’s AI business will benefit from its efforts to improve its technological prowess and infrastructure in this area.
Accelerating economic expansion via AI development
KT isn’t alone in the competition to become the AI industry leader. The entire industry is expected to be worth a mind-boggling $15.7 trillion by 2030, and it’s no surprise that it has attracted investments from some of the biggest names in international business.
Big names in tech like Amazon, Microsoft, Adobe, and Zoom are all making significant advances in artificial intelligence.
KT is transitioning its robotics division from a hardware-centric model to a service-based one. KT’s mission is to become the leading “AI robot service provider” by capitalizing on its distinctive “delivery system” and “robot platform” to drive market expansion.
In the future, KT hopes to offer AI-powered robots for various industries, such as agricultural deliveries, indoor logistics for manufacturing, and outdoor delivery services.
KT’s AI-powered innovations revolutionizing healthcare
KT plans to introduce an AI-powered telecare service for the everyday management of chronic diseases in AI healthcare. To make keeping track of what you eat and how healthy it is easier, the service will incorporate cutting-edge “AI Food Tag” technology.
In addition, the company is getting ready to provide a new service called “Genie TV Care.” This service will bring artificial intelligence-b...
View original post
Cryptopolitan (RSS)
KT, a South Korean mobile carrier, has made a ground-breaking declaration, announcing its aim to invest $5.3 billion in artificial intelligence (AI) technologies by 2027. By utilizing AI’s enormous potential to spur innovation and revolutionize numerous facets of the economy, the company wants to firmly establish itself as a leader in the field, which is quickly growing.
By making such a substantial investment, KT demonstrates its dedication to leading the way in AI development.
Preparing the ground for the revolution in AI
Amid the AI industry’s rapid expansion, South Korean mobile giant KT, formerly known as Korea Telecom, has positioned itself as a leader in the field by declaring its intention to invest $5.3 billion (7 trillion won) in the research and development of AI services over the following five years.
Korean Telecom aims to guarantee future development engines and boost AI competitiveness to surpass 1 trillion won ($764 million) in yearly sales from AI enterprises by 2025.
This week, the tech behemoth conducted a press conference at the Novotel Ambassador Dongdaemun in Jung-gu, Seoul, to discuss its plans for customer-tailored AI services, including AI-driven robotics, care, and education, as well as AI contact centers and logistics business.
According to a report, the vice president of KT’s AI/DX Convergence Business Division, Song Jae-ho, said, “KT is Korea’s leading AI company, and we will establish ourselves as a customer-centered AI service provider by applying our experience, capabilities, infrastructure, and knowhow to the AI business.”
To realize this goal, investing heavily in its infrastructure and building “super-giant AI technology” and new AI enterprises is necessary. KT’s AI business will benefit from its efforts to improve its technological prowess and infrastructure in this area.
Accelerating economic expansion via AI development
KT isn’t alone in the competition to become the AI industry leader. The entire industry is expected to be worth a mind-boggling $15.7 trillion by 2030, and it’s no surprise that it has attracted investments from some of the biggest names in international business.
Big names in tech like Amazon, Microsoft, Adobe, and Zoom are all making significant advances in artificial intelligence.
KT is transitioning its robotics division from a hardware-centric model to a service-based one. KT’s mission is to become the leading “AI robot service provider” by capitalizing on its distinctive “delivery system” and “robot platform” to drive market expansion.
In the future, KT hopes to offer AI-powered robots for various industries, such as agricultural deliveries, indoor logistics for manufacturing, and outdoor delivery services.
KT’s AI-powered innovations revolutionizing healthcare
KT plans to introduce an AI-powered telecare service for the everyday management of chronic diseases in AI healthcare. To make keeping track of what you eat and how healthy it is easier, the service will incorporate cutting-edge “AI Food Tag” technology.
In addition, the company is getting ready to provide a new service called “Genie TV Care.” This service will bring artificial intelligence-b...
View original post
Cryptopolitan
Banking giants in South Korea embrace the future of digital assets | Cryptopolitan
In a significant development, several influential lenders in South Korea have now become part of a bank consortium. This consortium, led by Seoul's NongHyup,
The menace of Twitter bots: A threat to crypto marketing strategies
Cryptopolitan (RSS)
Twitter bots have attained notoriety within the crypto industry. Now, two Yale researchers believe they know how to trade more profitably by leveraging phony engagement. In recent years, the crypto industry has witnessed exponential growth and widespread adoption. As this digital revolution gains momentum, marketing strategies have become paramount in ensuring success for crypto projects.
However, a disturbing trend has emerged, casting a shadow on the legitimacy and effectiveness of such promotional efforts. Enter Twitter bots, and sophisticated automated accounts that exploit the platform’s reach and manipulate public sentiment for personal gain.
The rise of Twitter bots in crypto marketing
Twitter bots, also kn...
View original post
Cryptopolitan (RSS)
Twitter bots have attained notoriety within the crypto industry. Now, two Yale researchers believe they know how to trade more profitably by leveraging phony engagement. In recent years, the crypto industry has witnessed exponential growth and widespread adoption. As this digital revolution gains momentum, marketing strategies have become paramount in ensuring success for crypto projects.
However, a disturbing trend has emerged, casting a shadow on the legitimacy and effectiveness of such promotional efforts. Enter Twitter bots, and sophisticated automated accounts that exploit the platform’s reach and manipulate public sentiment for personal gain.
The rise of Twitter bots in crypto marketing
Twitter bots, also kn...
View original post
Landmark victory: Hermes secures permanent ban on ‘MetaBirkin’ NFT sales in US lawsuit
Cryptopolitan (RSS)
On Friday, a federal judge in Manhattan accepted Hermes’ plea to permanently halt artist Mason Rothschild’s sales of “MetaBirkin” non-fungible tokens after a jury found that they infringed upon the French luxury brand’s trademark rights in its well-known Birkin handbags.
Federal judge injuncts MetaBirkin NFT sales
According to US District Judge Jed Rakoff, the permanent injunction was necessary because Rothschild’s ongoing promotion of the NFTs would probably confuse consumers and irrevocably injure the company.
Rothschild asked Rakoff to overturn the decision or order a new trial, but he refused.
According to Rakoff, the defendant’s strategy’s entire goal was to trick consumers into thinking that Hermes was promoting the lucrative MetaBirkins NFTs by using variations on Hermes’ trademarks.
As per the court, nothing in the First Amendment shields him from responsibility for such a scheme.
Representatives of Hermes and Rothschild did not immediately respond to requests for comments regarding the decision.
The ‘MetaBirkin’ debate and NFTs’ ascent
Tokens that can’t be exchanged with anybody else are called non-fungible tokens (NFTs), and they’re utilized on blockchains to prove ownership of digital artwork. Hermes sued Rothschild because his MetaBirkins NFTs mocked the luxury brand’s Birkin bags by depicting them with fake fur in bright colours.
On blockchain networks, NFTs are distinctive tokens that are frequently used to confirm ownership of digital art. Hermes filed a lawsuit against Rothschild last year over his MetaBirkins, 100 NFTs linked to pictures of the coveted Birkin handbags from the high-end brand covered in vibrant fur.
Hermes referred to Rothschild as a “digital speculator” and the NFTs as a “get rich quick” scheme that violated the rights to its “Birkin” trademark and gave a false impression that the fashion house supported the tokens.
Hermes said that the NFTs made it look like they endorsed the products when they didn’t. On the other hand, Rothschild maintained that his creations were an expression of free speech because they were absurdist statements about luxury goods.
Rothschild, whose real name is Sonny Estival, defended his works by claiming they were absurdist statements on luxury goods. This defence was supported by the First Amendment of the United States Constitution, which shields work that makes artistically relevant use of trademarks without intentionally misleading consumers from liability in trademark infringement lawsuits.
In February, the jury awarded Hermes $133,000 in damages. In a March filing, Hermes claimed that Rothschild kept selling his NFTs even after the verdict. It pleaded with the court to order him to stop and hand over any remaining tokens and profits he had made.
According to Rothschild in court, Hermes’ request was “far beyond what is appropriate in a case, like this one, that involves artistic expression.”
Rakoff largely granted Hermes’ request but chose not to direct Rothschild to transfer the tokens due to an “abundance of caution” regarding First Amendment issues.
Implications for the luxury market and the art market
The luxury goods industry, the art market, and the growth of NFTs will all be profoundly impacted by the outcome of the Hermes v. ‘MetaBirkin’ NFT case. This emphasizes the importance of IP protection in the digital age and makes it crystal clear that luxury brands will not tolerate the unauthorized use of their trademarked designs. This major win will aid in enforcing trademarks and protecti...
View original post
Cryptopolitan (RSS)
On Friday, a federal judge in Manhattan accepted Hermes’ plea to permanently halt artist Mason Rothschild’s sales of “MetaBirkin” non-fungible tokens after a jury found that they infringed upon the French luxury brand’s trademark rights in its well-known Birkin handbags.
Federal judge injuncts MetaBirkin NFT sales
According to US District Judge Jed Rakoff, the permanent injunction was necessary because Rothschild’s ongoing promotion of the NFTs would probably confuse consumers and irrevocably injure the company.
Rothschild asked Rakoff to overturn the decision or order a new trial, but he refused.
According to Rakoff, the defendant’s strategy’s entire goal was to trick consumers into thinking that Hermes was promoting the lucrative MetaBirkins NFTs by using variations on Hermes’ trademarks.
As per the court, nothing in the First Amendment shields him from responsibility for such a scheme.
Representatives of Hermes and Rothschild did not immediately respond to requests for comments regarding the decision.
The ‘MetaBirkin’ debate and NFTs’ ascent
Tokens that can’t be exchanged with anybody else are called non-fungible tokens (NFTs), and they’re utilized on blockchains to prove ownership of digital artwork. Hermes sued Rothschild because his MetaBirkins NFTs mocked the luxury brand’s Birkin bags by depicting them with fake fur in bright colours.
On blockchain networks, NFTs are distinctive tokens that are frequently used to confirm ownership of digital art. Hermes filed a lawsuit against Rothschild last year over his MetaBirkins, 100 NFTs linked to pictures of the coveted Birkin handbags from the high-end brand covered in vibrant fur.
Hermes referred to Rothschild as a “digital speculator” and the NFTs as a “get rich quick” scheme that violated the rights to its “Birkin” trademark and gave a false impression that the fashion house supported the tokens.
Hermes said that the NFTs made it look like they endorsed the products when they didn’t. On the other hand, Rothschild maintained that his creations were an expression of free speech because they were absurdist statements about luxury goods.
Rothschild, whose real name is Sonny Estival, defended his works by claiming they were absurdist statements on luxury goods. This defence was supported by the First Amendment of the United States Constitution, which shields work that makes artistically relevant use of trademarks without intentionally misleading consumers from liability in trademark infringement lawsuits.
In February, the jury awarded Hermes $133,000 in damages. In a March filing, Hermes claimed that Rothschild kept selling his NFTs even after the verdict. It pleaded with the court to order him to stop and hand over any remaining tokens and profits he had made.
According to Rothschild in court, Hermes’ request was “far beyond what is appropriate in a case, like this one, that involves artistic expression.”
Rakoff largely granted Hermes’ request but chose not to direct Rothschild to transfer the tokens due to an “abundance of caution” regarding First Amendment issues.
Implications for the luxury market and the art market
The luxury goods industry, the art market, and the growth of NFTs will all be profoundly impacted by the outcome of the Hermes v. ‘MetaBirkin’ NFT case. This emphasizes the importance of IP protection in the digital age and makes it crystal clear that luxury brands will not tolerate the unauthorized use of their trademarked designs. This major win will aid in enforcing trademarks and protecti...
View original post
Cryptopolitan
Hermes wins NFT trademark lawsuit against MetaBirkins – Cryptopolitan
Hermes, the luxury fashion business, has won its case against Mason Rothschild, the digital artist behind the MetaBirkin NFTs. Hermes International SA convinced a federal jury in Manhattan that Rothschild’s MetaBirkin NFTs violated the luxury company’s “Birkin”…
Solana Is Rising Weakly, Will It Return To The $20 Price Zone?
CoinCu News (RSS)
Key Points:
Solana has seen a sustained negative bias despite encouraging developments in its network.
Recent legal developments and regulatory ambiguity have contributed to the negative trend, including lawsuits brought by the SEC against major cryptocurrency exchanges like Binance and Coinbase.
The increased popularity of Solana’s network due to high Ethereum gas fees and the surge in Bitcoin’s price could possibly aid SOL’s recovery from the current decline.
Despite encouraging advancements in the Solana network, the native cryptocurrency, Solana (SOL), has performed poorly, with a sustained negative bias.
This negative trend may be ascribe...
View original post
CoinCu News (RSS)
Key Points:
Solana has seen a sustained negative bias despite encouraging developments in its network.
Recent legal developments and regulatory ambiguity have contributed to the negative trend, including lawsuits brought by the SEC against major cryptocurrency exchanges like Binance and Coinbase.
The increased popularity of Solana’s network due to high Ethereum gas fees and the surge in Bitcoin’s price could possibly aid SOL’s recovery from the current decline.
Despite encouraging advancements in the Solana network, the native cryptocurrency, Solana (SOL), has performed poorly, with a sustained negative bias.
This negative trend may be ascribe...
View original post
Is Ethereum($ETH) Price Falling Back to $1800? A Golden Chance To Buy The Dip?
CoinGape (RSS)
The crypto market has made a remarkable recovery over the past week, with Bitcoin showing a notable gain of 15.65%. However, altcoins are giving indications of a potential short-term slowdown as profit-taking activities start to take place. Ethereum, despite experiencing an 8.6% jump, has encountered increased resistance in the last couple of days, suggesting a
The post Is Ethereum($ETH) Price Falling Back to $1800? A Golden Chance To Buy The Dip? appeared first on CoinGape.
CoinGape (RSS)
The crypto market has made a remarkable recovery over the past week, with Bitcoin showing a notable gain of 15.65%. However, altcoins are giving indications of a potential short-term slowdown as profit-taking activities start to take place. Ethereum, despite experiencing an 8.6% jump, has encountered increased resistance in the last couple of days, suggesting a
The post Is Ethereum($ETH) Price Falling Back to $1800? A Golden Chance To Buy The Dip? appeared first on CoinGape.
Just-In: Terra Luna Classic Dev Submits Major Proposal To Boost Staking, LUNC Price Jumps
CoinGape (RSS)
Terra Luna Classic developers submitted a joint governance proposal seeking the support of the community and validators on allowing multiple interchain account (ICA) host message types for QuickSilver. The Terra Luna Classic community is actively trying to get LUNC listed for the Quicksilver Protocol. Currently, the proposal is receiving favorable feedback from the community. Terra
The post Just-In: Terra Luna Classic Dev Submits Major Proposal To Boost Staking, LUNC Price Jumps appeared first on CoinGape.
CoinGape (RSS)
Terra Luna Classic developers submitted a joint governance proposal seeking the support of the community and validators on allowing multiple interchain account (ICA) host message types for QuickSilver. The Terra Luna Classic community is actively trying to get LUNC listed for the Quicksilver Protocol. Currently, the proposal is receiving favorable feedback from the community. Terra
The post Just-In: Terra Luna Classic Dev Submits Major Proposal To Boost Staking, LUNC Price Jumps appeared first on CoinGape.
Bitcoin’s ‘Great Accumulation,’ Binance.US resumes fiat withdrawals, and other news: Hodler’s Digest, June 18-24
Cointelegraph.com News (RSS)
Bitcoin’s “Great Accumulation” period has begun, Binance.US withdrawals resume, and the U.K. prepares for its upcoming crypto regulation.
Cointelegraph.com News (RSS)
Bitcoin’s “Great Accumulation” period has begun, Binance.US withdrawals resume, and the U.K. prepares for its upcoming crypto regulation.
XRP as security debate: attorney John Deaton sheds new light on classification
Cryptopolitan (RSS)
Outspoken attorney and cryptocurrency advocate John Deaton continues to make waves in the discussions surrounding the safety of XRP, a digital currency associated with Ripple Labs.
Deaton recently responded to a tweet from user Caesar Korvinus, who expressed their decision to purchase XRP based on the reputation of Ripple Labs’ Chief Technical Officer, David Schwartz, and the presence of other board members with strong technical backgrounds.
Deaton, never one to shy away from expressing his views, chimed in and shed light on the potential implications of such a purchase. He noted that the infamous Howey Test might be partially met if Korvinus dealt directly with Ripple and bought XRP from the company.
Under the described scenario, investors who acquire XRP like Ripple may be deemed part of a single company. Furthermore, thanks to Schwartz’s efforts, these investors could reasonably expect to make profits with minimal effort.
While acknowledging that there are individuals in Korvinus’ position, Deaton reiterated the SEC’s broader argument that all sales of XRP, including those on the secondary market, constitute investment contracts.
However, Deaton maintained his previous stance that this assertion is inaccurate. He emphasized that the situation changes for users who “acquired XRP for non-investment purposes, like transferring money on the ledger or utilizing the DEX.”
Yes, I said there are people like you out there as well. And, if Ripple had direct contact with you and sold you XRP, there is a valid argument that the Howey test was met because in that scenario 1) you gave💰 to ripple for XRP; 2) you entered into a common enterprise with… https://t.co/Sy9Zr94bOO
— John E Deaton (@JohnEDeaton1) June 24, 2023
Deaton’s comments highlight an ongoing debate regarding the classification of XRP and its potential ramifications for investors. Besides his legal expertise, he brings attention to the evolving landscape surrounding digital currencies and the need for clarity in regulatory frameworks. Consequently, his insights contribute significantly to the discourse surrounding XRP’s legal status.
Furthermore, Deaton’s remarks underscore the importance of considering different user perspectives and motivations for acquiring XRP. He suggests that not all users should be subject to the same investment contract classification, as some obtain XRP for practical purposes unrelated to investments. This nuanced viewpoint challenges the prevailing notion that all XRP transactions should be treated uniformly from a regulatory standpoint.
John Deaton’s latest intervention further fuels the ongoing discussions regarding the safety and classification of XRP. With his legal expertise and insightful perspectives, he offers a fresh and alternative viewpoint highlighting the complexities surrounding digital currency. As the debate unfolds, Deaton’s voice remains a significant addition, shedding light on the diverse motivations and uses of XRP beyond traditional investment activities.
Cryptopolitan (RSS)
Outspoken attorney and cryptocurrency advocate John Deaton continues to make waves in the discussions surrounding the safety of XRP, a digital currency associated with Ripple Labs.
Deaton recently responded to a tweet from user Caesar Korvinus, who expressed their decision to purchase XRP based on the reputation of Ripple Labs’ Chief Technical Officer, David Schwartz, and the presence of other board members with strong technical backgrounds.
Deaton, never one to shy away from expressing his views, chimed in and shed light on the potential implications of such a purchase. He noted that the infamous Howey Test might be partially met if Korvinus dealt directly with Ripple and bought XRP from the company.
Under the described scenario, investors who acquire XRP like Ripple may be deemed part of a single company. Furthermore, thanks to Schwartz’s efforts, these investors could reasonably expect to make profits with minimal effort.
While acknowledging that there are individuals in Korvinus’ position, Deaton reiterated the SEC’s broader argument that all sales of XRP, including those on the secondary market, constitute investment contracts.
However, Deaton maintained his previous stance that this assertion is inaccurate. He emphasized that the situation changes for users who “acquired XRP for non-investment purposes, like transferring money on the ledger or utilizing the DEX.”
Yes, I said there are people like you out there as well. And, if Ripple had direct contact with you and sold you XRP, there is a valid argument that the Howey test was met because in that scenario 1) you gave💰 to ripple for XRP; 2) you entered into a common enterprise with… https://t.co/Sy9Zr94bOO
— John E Deaton (@JohnEDeaton1) June 24, 2023
Deaton’s comments highlight an ongoing debate regarding the classification of XRP and its potential ramifications for investors. Besides his legal expertise, he brings attention to the evolving landscape surrounding digital currencies and the need for clarity in regulatory frameworks. Consequently, his insights contribute significantly to the discourse surrounding XRP’s legal status.
Furthermore, Deaton’s remarks underscore the importance of considering different user perspectives and motivations for acquiring XRP. He suggests that not all users should be subject to the same investment contract classification, as some obtain XRP for practical purposes unrelated to investments. This nuanced viewpoint challenges the prevailing notion that all XRP transactions should be treated uniformly from a regulatory standpoint.
John Deaton’s latest intervention further fuels the ongoing discussions regarding the safety and classification of XRP. With his legal expertise and insightful perspectives, he offers a fresh and alternative viewpoint highlighting the complexities surrounding digital currency. As the debate unfolds, Deaton’s voice remains a significant addition, shedding light on the diverse motivations and uses of XRP beyond traditional investment activities.
Twitter
@JohnEDeaton1 @jesse_hynes So what about the ones like myself that invested in #XRP AKA Ripples (the ones in it long enough know what i mean) that absolutely knew about @Ripple? One of the main reasons I invested back in 2016 is because of who sat on the…
Joe Biden’s Special T-Shirt Gift Highlights AI Collaboration Between India and the US
Cryptopolitan (RSS)
In a gesture symbolizing the strong ties between the United States and India, US President Joe Biden presented Prime Minister Narendra Modi with a special T-shirt featuring PM Modi’s famous quote, “The future is AI-America and India.” The exchange of gifts took place during PM Modi’s first state visit to the US, which saw significant discussions on various topics and highlighted the deepening friendship between the two nations.
During his visit, Prime Minister Modi addressed a joint session of the US Congress for the second time, reflecting on the progress made since his previous visit seven years ago. He emphasized the commitment to strengthen the friendship between India and the United States, acknowledging the significant advancements in artificial intelligence (AI) and the momentous developments in both AI-America and India.
Meaningful gifts exchanged
As a token of friendship and appreciation, President Biden, and First Lady Jill Biden presented several thoughtful gifts to Prime Minister Modi. Among these were a vintage camera and a book on American wildlife photography, showcasing the rich natural beauty of the United States.
President Biden also gifted Prime Minister Modi a T-shirt featuring his own quote, “The future is AI-America and India,” highlighting the joint potential of both countries in artificial intelligence.
In return, Prime Minister Modi presented President Biden with a handcrafted sandalwood box called ‘das danam,’ representing an Indian tradition of giving. Additionally, he gifted him a first edition print of ‘The Ten Principal Upanishads,’ a book published by M/s Faber and Faber Ltd in London and printed at the University Press Glasgow.
Cultural exchange and musical tribute
During an intimate dinner hosted by President Biden and First Lady Jill Biden at the White House, discussions encompassed a wide range of topics, further strengthening the bilateral relationship. The leaders also enjoyed a musical tribute showcasing the diverse regions of India, highlighting the cultural richness shared between the two nations.
Notably, Prime Minister Modi gifted a lab-grown 7.5-carat green diamond to First Lady Jill Biden. The diamond, ‘Made in India,’ reflects the country’s commitment to eco-friendly innovation. Encased in a beautiful Papier mâché box from Kashmir, the diamond represents India’s heritage and craftsmanship.
Furthermore, President Biden presented Prime Minister Modi with a signed, first-edition copy of ‘Collected Poems of Robert Frost,’ recognizing the American literary legacy. This gift underscores the appreciation for shared cultural influences and the enduring power of literature.
Strengthening business relations
The state visit also witnessed prominent business leaders such as Microsoft CEO Satya Nadella, Chairman of Mahindra Group Anand Mahindra, Apple CEO Tim Cook, and India’s External Affairs Minister S Jaishankar. Their participation exemplifies the focus on fostering economic collaborations and strengthening business ties between India and the United States.
Prime Minister Narendra Modi’s state visit to the United States marked an important milestone in strengthening the bilateral relations between the two nations. The exchange of meaningful gifts, including the special T-shirt featuring PM Modi’s quote, emphasized the potential for collaboration and partnership in the field of artificial intelligence. Additionally, the cultural exchanges, discussions on various issues, and the warm reception extended by President Biden and First Lady Jill Biden further deepened the friendship between India and the United States, paving the way for continued cooperation and mutual growth.
Cryptopolitan (RSS)
In a gesture symbolizing the strong ties between the United States and India, US President Joe Biden presented Prime Minister Narendra Modi with a special T-shirt featuring PM Modi’s famous quote, “The future is AI-America and India.” The exchange of gifts took place during PM Modi’s first state visit to the US, which saw significant discussions on various topics and highlighted the deepening friendship between the two nations.
During his visit, Prime Minister Modi addressed a joint session of the US Congress for the second time, reflecting on the progress made since his previous visit seven years ago. He emphasized the commitment to strengthen the friendship between India and the United States, acknowledging the significant advancements in artificial intelligence (AI) and the momentous developments in both AI-America and India.
Meaningful gifts exchanged
As a token of friendship and appreciation, President Biden, and First Lady Jill Biden presented several thoughtful gifts to Prime Minister Modi. Among these were a vintage camera and a book on American wildlife photography, showcasing the rich natural beauty of the United States.
President Biden also gifted Prime Minister Modi a T-shirt featuring his own quote, “The future is AI-America and India,” highlighting the joint potential of both countries in artificial intelligence.
In return, Prime Minister Modi presented President Biden with a handcrafted sandalwood box called ‘das danam,’ representing an Indian tradition of giving. Additionally, he gifted him a first edition print of ‘The Ten Principal Upanishads,’ a book published by M/s Faber and Faber Ltd in London and printed at the University Press Glasgow.
Cultural exchange and musical tribute
During an intimate dinner hosted by President Biden and First Lady Jill Biden at the White House, discussions encompassed a wide range of topics, further strengthening the bilateral relationship. The leaders also enjoyed a musical tribute showcasing the diverse regions of India, highlighting the cultural richness shared between the two nations.
Notably, Prime Minister Modi gifted a lab-grown 7.5-carat green diamond to First Lady Jill Biden. The diamond, ‘Made in India,’ reflects the country’s commitment to eco-friendly innovation. Encased in a beautiful Papier mâché box from Kashmir, the diamond represents India’s heritage and craftsmanship.
Furthermore, President Biden presented Prime Minister Modi with a signed, first-edition copy of ‘Collected Poems of Robert Frost,’ recognizing the American literary legacy. This gift underscores the appreciation for shared cultural influences and the enduring power of literature.
Strengthening business relations
The state visit also witnessed prominent business leaders such as Microsoft CEO Satya Nadella, Chairman of Mahindra Group Anand Mahindra, Apple CEO Tim Cook, and India’s External Affairs Minister S Jaishankar. Their participation exemplifies the focus on fostering economic collaborations and strengthening business ties between India and the United States.
Prime Minister Narendra Modi’s state visit to the United States marked an important milestone in strengthening the bilateral relations between the two nations. The exchange of meaningful gifts, including the special T-shirt featuring PM Modi’s quote, emphasized the potential for collaboration and partnership in the field of artificial intelligence. Additionally, the cultural exchanges, discussions on various issues, and the warm reception extended by President Biden and First Lady Jill Biden further deepened the friendship between India and the United States, paving the way for continued cooperation and mutual growth.
Maverick Protocol’s Voting-Escrow Model: A New Dawn For Liquid Staking Protocols
CoinCu News (RSS)
Key Points:
The Voting-Escrow Model (ve) is a decentralized governance system that ensures voting power remains in the hands of committed users.
Maverick Protocol’s VE model offers compelling advantages, attracting liquidity providers to Boosted Positions and competing for liquidity.
By utilizing the veMAV token, projects align their interests with the accumulation of veMAV voting power, leading to additional incentives and greater value for holders.
Maverick’s VE model allows protocols to target voting power to specific parts of the AMM distribution, optimizing the allocation of incentives with minimal capital expenditure....
View original post
CoinCu News (RSS)
Key Points:
The Voting-Escrow Model (ve) is a decentralized governance system that ensures voting power remains in the hands of committed users.
Maverick Protocol’s VE model offers compelling advantages, attracting liquidity providers to Boosted Positions and competing for liquidity.
By utilizing the veMAV token, projects align their interests with the accumulation of veMAV voting power, leading to additional incentives and greater value for holders.
Maverick’s VE model allows protocols to target voting power to specific parts of the AMM distribution, optimizing the allocation of incentives with minimal capital expenditure....
View original post