Ripple, the San Francisco-based blockchain company behind the cryptocurrency XRP, filed its opposition to the Securities and Exchange Commission’s (SEC) demand that the company pay nearly $2 billion in fines and penalties in a late Monday court filing. In its rebuttal, Ripple said the court should levy a civil penalty of not more than $10 million.  XRP Lawsuit: $2 Billion Or $10 Million? Ripple has countered the Securities and Exchange Commission’s proposal seeking close to $2 billion from the fintech company. Last month, the SEC said it wanted Ripple to fork out $2 billion, including $8 ..read more

Venezuela’s state-owned oil company, Petróleos de Venezuela S.A. (PDVSA), is using Tether’s USDT — the industry’s largest dollar-backed stablecoin — to skirt new US sanctions, which are aimed at crippling the government of embattled President Nicolás Maduro. USDT: Venezuela’s Solution For Sweeping Oil Sanctions According to a Monday Reuters report, PDVSA aims to integrate more usage of the USDT stablecoin as a safeguard against having overseas bank accounts frozen due to US sanctions targeting the nation’s oil and gas industry. Petróleos de Venezuela S.A. has been slowly moving its oil trades ..read more

Zircuit, a ZK rollup with parallelized circuits and AI-enabled security, recently announced that its staking program has achieved an impressive milestone, surpassing $2B in TVL within just 2 months. Zircuit is making significant progress towards mainnet, with the ZK rollup’s staking program gaining substantial traction. It has attracted over $2B in Total Value Locked (TVL) in just two months. Zircuit Staking enables users to earn Zircuit Points by depositing assets, which can later be migrated to Zircuit’s mainnet upon launch. Users can deposit various assets to earn Zircuit Points. In March ..read more

At this month’s Blockchain Life Dubai conference, Bitget Wallet’s Chief Operating Officer Alvin Kan participated in a panel discussion alongside industry experts from SafePal, Ledger, Trust Wallet, Telegram Wallet, and CoinTelegraph journalists. The discussion focused on strategies to enhance the security and user-friendliness of decentralized wallets, including using different wallet technologies like hot, cold, MPC, AA, and multi-signature wallets. Kan highlighted the significant security vulnerabilities in the Web3 environment, emphasizing the potential risk of privacy leakage associated w ..read more

Solana topped the ranks in the first quarter of 2024, propelled by increased activities in Decentralized Exchange (DEX) and (DeFi). The platform’s increased scalability, minimal transaction costs, and solid technological framework were other catalysts of this surge. According to the latest report, “State of Solana Q1 2024,” by blockchain analytics firm Messari, Solana’s DEX volume hit impressive numbers, aligning with the rising trading volume within the SOL ecosystem. Furthermore, this report shows that Solana’s average daily spot DEX volume soared by over 300% to $1.5 billion. Per Messari ..read more

Singapore, April 23rd, 2024 – XT, the world’s premier socially-driven crypto trading platform, today announced the highly anticipated listing of BCCoin (BlackCardCoin) on its exchange. The BCCoin/USDT trading pair will go live on April 24th at 11:30 UTC in XT’s Main Zone dedicated to DeFi, AI, and Web3 projects. About BCCoin BCCoin is a groundbreaking BEP-20 token built on the Build N’ Build layer 1 blockchain with a maximum supply of 150 million coins. It seamlessly bridges traditional spending with blockchain technology within the (DeFi) space. BCCoin’s tokenomics incentivize active user pa ..read more

The crypto market is priming itself for a big move to the upside, the founders of Glassnode say. Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the X social media platform, suggested that the crypto bull market is still on.  The market experts recalled that back in 2021, the crypto market witnessed a major correction, which they believed represented wave 4 in the market cycle. Compared to the current market conditions, characterized by a similar substantial drawdown, the cofounders anticipate a huge rally in crypto assets in the near term. Based o ..read more

The recent breach of RoboHero’s Twitter account highlights the cybersecurity vulnerabilities facing Web3 projects on social media platforms. RoboHero, the pioneering Web3 mobile game, experienced a severe security incident on April 2, 2024, when hackers compromised its official Twitter account. The breach underscores the growing cybersecurity risks for Web3 projects and the importance of robust security measures on social media platforms. Now rebranded as X, Twitter has become a crucial hub for the Web3 community, where projects, influencers, and enthusiasts converge to share ideas and announ ..read more

The quest for the next big windfall is perpetual. Amidst this digital rush, a new contender has emerged—Option2Trade (O2T). Promising a staggering 2000x return and an aggressive return before May 2024, Option2Trade (O2T) has quickly captured the attention of savvy traders looking to capitalize on potential high-yield opportunities. O2T’s Magnetic Appeal Option2Trade (O2T) distinguishes itself through a combination of innovative blockchain technology and a unique market strategy aimed at disrupting traditional patterns. The platform’s core features, including AI-driven trading insights and a r ..read more

Algotech has become the talk of the town after the recent announcement that it will invest $1.2 million in H100 GPUs. Uniswap price trends upwards, and Aptos gains momentum during this eventful roundup. Algotech’s latest presale achievement has dominated industry leaders Aptos and Uniswap. The decentralized algorithmic trading platform has piqued interest by revealing intentions to invest significantly in cutting-edge H100 graphics processing units (GPUs). This strategic move intends to strengthen the platform’s cutting-edge trading capabilities, placing Algotech as a powerful participant in ..read more