Investment Banker Takes Part in Ripple-SEC Battle as a Declarant

Investment banker Andrew A. Kunsak, from the law firm Sidley Austin LLP, has been approved by Judge Analisa Torres to appear as a declarant in the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). The approval was granted according to recent court filings. In the court announcement, Andrew A. Kunsak of Sidley Austin LLP …

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Machi Big Brother Withdraws Lawsuit Against ZachXBT

MachiBigBrother Withdraws the ZachXBT Defamation Lawsuit In a surprising turn of events, Jeffrey “Machi Big Brother” Huang has dropped his defamation lawsuit against blockchain investigator, ZachXBT. This decision came after ZachXBT made significant changes to his investigation, toning down the accusations and language used. The dispute between the two centered around allegations made by ZachXBT in an article regarding Machi’s …

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JPMorgan and Eaton Vance, among others, express skepticism towards El Salvador’s Bitcoin-Bond Market

El Salvador has made headlines this year by becoming the first country in the world to adopt Bitcoin as its official currency. This move, spearheaded by President Nayib Bukele, has sparked both praise and concerns from the international community. While some experts and financial institutions, such as the International Monetary Fund (IMF), have expressed worries about the potential destabilization of …

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Maui Charity NFTs Helping Raise Funds

Ecosapiens, a climate tech innovator, has taken swift action in response to the devastating wildfires sweeping through Maui by launching a fundraising campaign. The aim is to raise $10,000 for disaster relief using NFTs and cryptocurrency donations. The wildfires have already caused significant damage, claiming the lives of 55 people, destroying over 1,000 structures, and displacing many individuals from their …

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A Legal Analysis: Can XRP Be Considered a Bridge Currency?

Ripple, a company focused on revolutionizing cross-border payments, has introduced tools to attract global investors to the world of cryptocurrency. This move aims to address longstanding issues in cross-border transactions and improve efficiency. Notably, attorney and crypto enthusiast Bill Morgan has emphasized that institutions utilizing Ripple’s digital asset XRP for cross-border transactions (known as ODL) are not treating it as …

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Latest Art Project Unveiled by Snowfro

“Heart + Craft”: snowfro and Prohibition Founder Jordan Lyall Collaborate on a Groundbreaking Generative Art Drop In an exciting fusion of creativity and the NFT world, Art Blocks founder Erick “snowfro” Calderon is set to launch “Heart + Craft”. This generative art drop aims to captivate collectors with its unique twist, incorporating elements of snowfro’s previous work and the NFT …

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Are we witnessing history repeating itself? Michael Burry’s recent investments spark talks of a market crash.

Famous investor Michael Burry, known for his role in “The Big Short,” has reportedly taken bearish positions against the S&P 500 and Nasdaq 100 Index, according to recent securities filings. His Scion Asset Management has purchased put options worth $739 million against the Invesco QQQ Trust ETF and separate put options worth $886 million against the SPDR S&P 500 ETF. …

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Coinbase Introduces Coca-Cola NFTs

Coinbase Concludes OnChain Summer Festival with Coca-Cola NFTs Leading cryptocurrency exchange Coinbase wrapped up its blockchain festival ‘OnChain Summer’ by introducing Coca-Cola NFTs that combine classic artworks with emerging talent. These NFTs, known as ‘Masterpieces,’ are housed within the iconic Coca-Cola bottle on Coinbase’s Ethereum-based platform, ‘Base.’ The unveiling of these digital collectibles took place on August 13. The collection …

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Bernstein suggests Bitcoin Spot ETF Approval Could Trigger a Surge in Market Uptrend

Investors worldwide are anxiously awaiting the decision of the United States Securities and Exchange Commission (SEC) regarding the approval of a Bitcoin spot exchange-traded fund (ETF). This decision has the potential to be a groundbreaking moment for cryptocurrencies. The SEC has two options: either take more time to make a decision or outright reject the ETF applications. While rejection is …

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Zynga’s New Game Transforms FarmVille into NFTs!

Zynga, the gaming powerhouse known for popular titles like FarmVille, is making a splash in the blockchain gaming industry with its first-ever NFT venture, Sugartown. This whimsical game, powered by Ethereum’s NFT technology, invites players to embark on a captivating journey through an alternate dimension. In this dimension, three adorable farm animals introduce Oras, enchanting creatures that bring Sugartown to …

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