Summary: The team from Avalanche has issued a transparency report on the fate of the AVAX reserves that the Luna Foundation Guard and Terraform Labs hold. According to Avalanche, Terraform Labs Purchased 1.09 million AVAX, and the Luna Foundation Guard Purchased 1.97 million AVAX back in April. The Luna Foundation Guard has disclosed it has no plans to use or sell the AVAX in its reserves. Avalanche has pointed out that it is ready to work with the Luna Foundation
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XRP Lawyer Unveils SEC’s Filing Impact On Ripple Settlement & ODL Sales
Pro-XRP lawyer Bill Morgan emphasized the significant hurdles the U.S. Securities and Exchange Commission (SEC) poses to a settlement with Ripple. Amid the ongoing Ripple vs SEC legal battle, the regulatory agency is expected to make a slew of appeals to deter the defendant’s victory. Ripple Vs SEC Settlement To Delay In a post on The post XRP Lawyer Unveils SEC’s Filing Impact On Ripple Settlement & ODL Sales appeared first on CoinGape .
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Stripe Expands Crypto Presence With Avalanche Integration
Financial service company Stripe has inked a strategic partnership with blockchain network Avalanche, as it pursues crypto presence expansion. Accessing Avalanche Through Stripe Avalanche took to X to announce the significant integration with Stripe, citing that users of the popular financial platform can now purchase AVAX directly. Noteworthy, these customers do not require the complex The post Stripe Expands Crypto Presence With Avalanche Integration appeared first on CoinGape .
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ETH Gate Conversation Intensifies After Ripple CTO And Cardano Founder Debate
Over the weekend, the conversation about the ETH Gate theories started again after the news of the Consensys lawsuit against the US Securities and Exchange Commission (SEC). The discussion intensified following the Ripple CTO David Schwartz and Cardano Founder Charles Hoskinson’s debate on X. Related Reading: Ethereum Price Reverse Gains, Can ETH Bulls Save The Day? Is There A Double Standard For Ethereum? On Thursday, crypto firm Consensys sued the US SEC, accusing the regulator of “unlawful seizure of authority” over Ethereum. Following the news, an online conversation sparked regarding the SEC’s alleged favoring of the second-largest cryptocurrency by market capitalization. X users commented on crypto exchanges’ “double standard.” Many pointed out platforms like Binance, Coinbase, Crypto.com, and Bitstamp delisted XRP after the SEC’s crackdown on Ripple. Hey @coinbase @cryptocom @BinanceUS @Bitstamp @BittrexExchange when delist Ethereum? Are you still trying to comply with regulatory concerns or no??? pic.twitter.com/QiWG9qEUbZ — Digital Asset Investor (@digitalassetbuy) April 26, 2024 Moreover, members of the crypto community also asked for ETH’s delisting. One user stated that if the crypto asset “doesn’t get delisted, we know #ETHGate is real.” The theories about the SEC attacking Ripple and XRP in favor of Ethereum are part of an ongoing saga that has raised concerns and speculation over the agency’s regulatory inconsistency. Last year, lawyer and crypto expert Jeremy Hogan weighed in on the publication of Hinman’s emails and drafts from his 2018 speech. Hogan alleged that the former SEC’s Division of Corporation Finance director was likely paid by someone related to the Ethereum Foundation to give a speech giving ETH a “free pass.” Ripple CTO Questions Hoskinson’s ETH Gate Stand Charles Hoskinson stated that an apology from the XRP army and Ripple executives was needed before a project collaboration. Hoskinson alleged during a recent X Space meeting that XRP’s community has attacked him daily since 2022. Following the session, members of the XRP army cursed him out and declared he was wrong. Hoskinson replied, seemingly trying to prove his point, alleging the hate “It’s never-ending and completely devoid of reason.” Jack, a prominent figure in the XRP community, argued that platforming those who attacked Hoskinson would not help the situation. Cardano’s founder then corrected someone, claiming he “misspoke” and “mischaracterized” the community’s allegations. Hoskinson clarified he didn’t misspeak, as people believe “members of the Ethereum community bribed the SEC to take out XRP.” According to him, this narrative has reignited several times with “no evidence of it.” Ripple’s CTO joined the discussion, questioning Hoskinson over his claims of lack of evidence. Schwartz stated: “So, was Hinman not intimately involved? Did he not have a financial interest in Ethereum? Did he recuse himself? Or is that not evidence for some reason?” So, was Hinman not intimately involved? Did he not have a financial interest in Ethereum? Did he recuse himself? Or is that not evidence for some reason? — David "JoelKatz" Schwartz (@JoelKatz) April 28, 2024 To Hoskinson, Schwartz was “inciting a mob by spreading false information.” He also denied invalidating the ETH Gate arguments, claiming his “grand conspiracy statements have always been related to the belief that somebody from Ethereum bribed the SEC to go after XRP.” The back-and-forth between the two crypto gurus ended with Ripple’s CTO further doubling down on his questions. He asked whether Hoskinson didn’t think any of his statements were evidence that Hinman’s interests influenced and affected the litigation against Ripple, which received no reply. Related Reading: XRP Sees Over $12 Million Sell-Off: Whale Warning Or Buying Opportunity? XRP is trading at $0.50 in the 7-day chart. Source: XRPUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
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Ethereum And Uniswap Maintain Their Hold As BlockDAG’s Innovative Approach Aims For The Moon
Ethereum and Uniswap continue to dominate as familiar powerhouses, but a new contender, BlockDAG, is rapidly gaining attention. Let’s dive into what makes these three projects stand out and why BlockDAG could be the next big investment opportunity in crypto. Ethereum’s Continued Market Dominance Ethereum remains a cornerstone of the blockchain world, primarily due to The post Ethereum And Uniswap Maintain Their Hold As BlockDAG’s Innovative Approach Aims For The Moon appeared first on Live Bitcoin News .
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Lawmakers Urge Biden Admin for Heightened Crypto Oversight
US lawmakers are urging the Biden government to keep crypto oversight as a priority since countries at present are using it for sanction evasion. According to a Reuters report, to find out what further powers could be required to stop sanctioned entities in Russia and other countries from using digital assets like the stablecoin Tether, The post Lawmakers Urge Biden Admin for Heightened Crypto Oversight appeared first on CoinGape .
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Breaking: SEC, Gary Gensler Considered Ethereum As Security – Court
A new report suggests SEC Chairman Gary Gensler believes Ethereum (ETH) was a security for the last 12 months. An April 29 Fox Business report states that Gensler believed for at least a year that Ethereum was an unregistered security. This is in contrast to the previous positions of the Securities and Exchange Commission (SEC) The post Breaking: SEC, Gary Gensler Considered Ethereum As Security – Court appeared first on CoinGape .
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