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Ripple estimates that the SEC lawsuit will cost $200 million; Dubai’s expansion plans

CEO Brad Garlinghouse commented on his firm’s attempts to find favorable regulation. CNBC reported on May 8 that Ripple CEO Brad Garlinghouse spoke about his company’s regulatory challenges at the Dubai Fintech Summit. The scope of Ripple’s ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC) was described by Garlinghouse there. He said:…
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Hoskinson of Cardano asserts that the SEC’s actions disprove the Ripple lawsuit conspiracies

XRP supporters have claimed that former SEC Director William Hinman’s speech about Ethereum was proof it had the support of the regulator. Charles Hoskinson, the founder of Cardano (ADA), is of the opinion that the recent anti-crypto actions taken by the U.S. Securities and Exchange Commission (SEC) render the conspiracy theories regarding the legal dispute…
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OpenAI President’s Worldcoin project dispatches wallet application

Worldcoin, founded by Sam Altman, is set to launch its WLD token this year. Worldcoin, a digital money project helped to establish by OpenAI Chief Sam Altman, declared the send off of its cryptographic money wallet on May 8. Worldcoin wallet now, token later A beta version of Worldcoin (WLD) and third-party cryptocurrencies like Wrapped…
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Binance is working to make the Bitcoin lightning network available

Blockchain analytical firm Glassnode reported that Bitcoin was “experiencing extremely high demand for blockspace.” Binance is attempting to empower Bitcoin (BTC) lightning network withdrawals for its clients subsequent to encountering issues because of the volume of forthcoming exchanges. The exchange explained in a May 8 Twitter thread that the large volume of pending transactions necessitated…
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The Turbo memecoin created by ChatGPT reaches $50 million in market capitalization

Several crypto exchanges like MEXC and LBank have listed Turbo and its holders have now exceeded 9000 indiviuals. The Turbo memecoin was created using the well-known AI tool ChatGPT. Within a week of its launch, the coin’s market capitalization has now exceeded $30 million. Digital artist Rhett Mankind tweeted on April 23 that he had…
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The bold move by Biden: The White House wants crypto miners to pay a 30% tax on global warming

Proposed Digital Asset Mining Energy intends to get crypto miners to pay for the societal damage caused. The Biden administration proposes a 30% tax on crypto miners to address climate change.           Get to know Godleak Godleak crypto signal is a  service which comprise of a professional team. They tried to…
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Tales course: Amazon NFT commercial center to send off this month

Set foot in the NFT arena: tales have it that Amazon’s possible major advantage for novice authorities and blockchain joining is around the bend. Moritz, a fan of Web3 and collector of non-fungibles, claims that Amazon will open its NFT marketplace by May 15.     Amazon remains tight-lipped The world’s largest online retailer has…
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The DOJ is looking into Binance for possible violations of Russian sanctions

The company and its executive have not been charged with wrongdoing. Bloomberg reported on May 5 that the U.S. Department of Justice (DOJ) is investigating whether Binance violated Russian sanctions. The DOJ’s national security division will specifically investigate whether Binance or its executives violated sanctions in connection with Russia’s invasion of Ukraine. Various assents of…
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A listing on Binance propels Floki and Pepe by more than 50%

In addition to stating that Pepe lacks a token utility or value support mechanism, Binance also stated that insiders purchased 7% of its total supply. A statement released on May 5 stated that the cryptocurrency exchange Binance would include Pepe (PEPE) and Floki Inu (FLOKI) in its innovation zone. On the spot trading of the…
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Pepe reaches a new ATH as its market cap approaches $1 billion

A whale made a profit of $1.23 million by trading nearly all of its assets for PEPE, according to on-chain analyst Lookonchain. According to Vipkhoone data, the Ethereum-based Pepe memecoin surged earlier today to a new all-time high of $0.000002322 after gaining more than 50% in the previous 24 hours. According to Coingecko data, the…
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