Ripple CEO Responds to SEC Appeal
Ripple CEO Brad Garlinghouse vowed to fight the SEC’s appeal in court, calling it “infuriating” and “misguided.” In his Thursday statement regarding the U.S. Security and Exchange Commission‘s appeal, Ripple CEO Brad Garlinghouse declared that his company would continue to litigate in court for “as long as it is necessary.” The appeal was deemed “misguided” […]
Aerodrome Surpasses $1B in Deposits, Leading DeFi on Base
Base, a Layer 2 Ethereum network, has reached $2 billion in total value locked (TVL), with decentralized exchange Aerodrome contributing over $1 billion. Base, a Layer 2 Ethereum network currently being incubated at Coinbase, experienced a significant increase in its total value locked (or user deposits) to $2 billion. This amount is more than five […]
Uruguay Approves Crypto Law
Uruguay has enacted a crypto law, positioning the country as a regional leader in crypto regulation. The law, proposed over two years ago, acknowledges cryptocurrency as virtual assets in Uruguay and designates the Central Bank of Uruguay as the regulator and administrator of companies that wish to provide cryptocurrency services. Due to the law, Uruguay […]
LayerZero, Eigen Labs Elevate Cross-Chain Transactions
LayerZero and Eigen Labs have partnered to create “CryptoEconomic Decentralized Verifier Networks” (DVNs), enhancing cross-chain communication security. A new system has been developed by the team responsible for the Ethereum re-staking protocol EigenLayer and the cross-chain messaging protocol LayerZero to enhance the security of cross-chain communication. On October 2, LayerZero Labs announced a partnership with […]