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- Ripple has received a lot of support on the WEF with the fintech CEO revealing that his case with the SEC is likely to be settled in June.
- Stellar Lumens, a Ripple competitor, has joined the Commodity Futures Trading Commission (CFTC) Global Market Advisory Committee.
It has been a week marked by progress in both project/network development and token price value. Although the trend is in its early stages, analysts are confident that the market could be ushering in an uptrend. While investors keep an eye on the market, industry developers continue to forge alliances and improve their respective projects. In the latest CNF Roundup, we take a look at the hottest stories that hit the headlines in the past week.
Dogecoin’s carbon emissions drop 25% thanks to Elon Musk
After months of work by Elon Musk with the Dogecoin developers, a new report this week showed that the collaboration has yielded significant results. According to the report, Dogecoin’s carbon emissions have decreased by approximately 25 percent. Following this, Dogecoin now becomes one of the most energy efficient blockchains on the market. It further enhances Dogecoin’s position as the preferred transactional currency. Elon Musk has previously noted that Dogecoin is more suitable for transactions than Bitcoin.
Work with Doge developers to improve system transaction efficiency. Potentially promising.
— Elon Musk (@elonmusk) May 13, 2021
Dogecoin’s native token, DOGE, has not seen any significant changes in the past week. Our data shows that the token has added less than 5 percent in the last 7 days and is trading at $0.086…read more
Stellar Lumens Joins Major Board As First Blockchain Project
US regulators have shown their commitment to recognizing the relevance of blockchain and cryptocurrency projects. In the latest move, Stellar Development Foundation was added to the Global Market Advisory Committee, formed by the Commodity Futures Trading Commission (CFTC). Stellar joins representatives of the traditional financial industry, such as JP Morgan, Goldman Sachs and BlackRock.
Great news! SDF joins the @CFTCThe Global Market Advisory Committee of as your sole representation of blockchain. We are excited to provide a crypto-native perspective as the Committee advises on the challenges and opportunities of a global marketplace.https://t.co/xzpIJnpQ8i
— Stellar (@StellarOrg) January 19, 2023
Despite the CFTC’s decision to list blockchain projects, only Stellar was listed. According to a Stellar Lumens blog post regarding this development, the blockchain and crypto sector can reach its potential once there are smart policies and clear rules from regulators…read more
Brad Garlinghouse gets big support at WEF to reach agreement with SEC
Speaking in an interview at the 2023 World Economic Forum held in Davos, Switzerland, Ripple CEO Brad Garlinghouse expressed optimism that his case with the SEC will come to an end in the first half of 2023. He further clarified that he does not expect that the case ends in a settlement, but waits for the case to come to a conclusion. Also, he heard in Davos repeatedly how important it is (SEC, Ripple lawsuit) to the entire crypto industry in the United States.
#Davos: It will reach @vibe CEO @bgarlinghouse who believes the SEC lawsuit will be settled in the first half of this year.
“Optimistically, this will certainly be resolved in 2023, maybe in the first half. I feel very good about where we are in relation to the law and the facts.” $XRP pic.twitter.com/FcgerTM0Xn
—Arjun Kharpal (@ArjunKharpal) January 18, 2023
With analysts expecting Ripple to win against it, they are even more optimistic that it will lead XRP to rally in the weeks and months that follow. Furthermore, it will set a precedent for the largest crypto market currently under threat…read more
IOTA technology superior in sustainability and climate protection thanks to Tangle
IOTA Foundation regulatory affairs manager Mariana de la Roche Wills explained how they are carrying out key projects that encompass sustainability initiatives. She further added that the IOTA Foundation is increasing its focus on the recently emerging field of DeFi, NFT and Web3. Mariana de la Roche Wills, co-chair of INATBA, spoke about IOTA’s commitment to sustainability and positive social impact.
If you’re curious about what I’ve been up to lately, my interview with @patrik_crp in it @nextblockexpo #Sedan it’s a good summary. We discuss @iota community projects and some of the initiatives we have with @INATBA_org and the regulatory efforts we have underway https://t.co/rz438XnmwH
— Mariana de la Roche W. (@Marianadlrw) January 19, 2023
Mariana de la Roche Wills said that currently the focus is on bringing the technology to the masses. Furthermore, they seek to make the use of blockchain for the average person much simpler, as it is to use a smartphone…read more
New Cardano update to support ECDSA and Schnorr crypto signatures
An upcoming Cardano update will bring secure cross-chain DApp development and greater interoperability with the blockchain. The major update will bring some built-in features to Cardano’s smart contract programming language, Plutus. These new features built into Plutus will also support ECDSA and Schnorr cryptographic signatures, making it easier for developers to build cross-chain applications.
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As confirmed by the development team, successful integration tests have already been conducted with the mainnet upgrade scheduled for February 14, 2023. The team notes that all key stakeholders, including SPOs, DApp developers, and exchanges, reported successive tests… read more
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