Ripple Claims SEC Misquoted It in Latest Development

Ripple Claims SEC Misquoted It in Latest Development Key Takeaways Ripple has filed a new legal memorandum in an attempt to counter previous motions from the SEC. The memo claims that the SEC misquoted Ripple’s statements in its earlier attempts to dismiss Ripple’s defense. This is the latest development in an ongoing lawsuit over whether

Ethereum Market Cap Now Half the Size of Bitcoin

Ethereum Market Cap Now Half the Size of Bitcoin Key Takeaways Ethereum’s market cap is now half the size of Bitcoin’s. The ratio between the assets is 0.08. Many crypto followers believe that Ethereum could overtake Bitcoin to become the largest cryptocurrency by market cap in the future. Ethereum’s roadmap for the coming months includes

Cardano Courts Tesla as ADA Hits an All-Time High

Cardano Courts Tesla as ADA Hits an All-Time High Key Takeaways The Cardano Foundation is currently soliciting Tesla to accept its native cryptocurrency, ADA. Tesla is seeking out low-energy cryptocurrencies following its suspension of Bitcoin payments yesterday. Despite ADA’s high market ranking, the coin is rarely used in commerce, making it an unlikely choice for

DeFi Staple UMA Launches “Optimistic Oracle”

DeFi Staple UMA Launches “Optimistic Oracle” Key Takeaways UMA has launched a new system that resolves price requests without relying on an oracle for data. The system works “optimistically,” meaning disputes are only raised if the requested data is wrong. UUMA launched as a DeFi platform for synthetic assets but hopes to become a powerful

Tether Reveals Assets Backing USDT

Tether Reveals Assets Backing USDT Key Takeaways Tether’s latest accounting report reveals that the majority of its reserves are composed of liquid assets in the money market and short-term debt securities. The firm held 1.64% of its $41 billion reserves in digital assets as of Mar. 31, 2020. Independent account firm Moore Cayman attested the

Vitalik Buterin Has Dumped His Unsolicited Doge-Clones

Vitalik Buterin Has Dumped His Unsolicited Doge-Clones Key Takeaways Ethereum creator Vitalik Buterin has dumped several unsolicited Dogecoin knockoffs that recently arrived in his wallet. Various projects gave their tokens to Buterin in order to “burn” the coins, but Buterin never agreed to participate in the plan. So far, Buterin has given away more than

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