Shiba Inu To Launch Native Blockchain
• Shiba Inu recently launched Shibarium Beta, a Layer-2 blockchain network based on Ethereum.
• SHIB will be the driver of this ecosystem, reducing reliance on Ethereum and introducing a token burning mechanism.
• This is part of plans to transform SHIB into an utility token and make it a go-to solution for decentralized applications.
Avorak AI Looks To Partner With Cross-Chain Liquidity
• Avorak AI is a new AI crypto project that seeks to combine AI and blockchain technologies to offer unique solutions that are AI-driven and easy to use.
• These solutions include non-plagiarised texts, language-to-art models which generate images, automated editing tools, and more.
• Avorak looks to help Shiba Inu’s native blockchain streamline various processes, including cross chain liquidity.
What Is Shibarium?
Shibarium is a Layer-2 blockchain network based on Ethereum that seeks to reduce its reliance on Ethereum by handling a larger portion of SHIB transactions. This will also result in lower transaction costs and faster transaction speeds for SHIB users. Additionally, it aims to reduce the supply of Shiba Inu tokens by introducing a SHIB burning mechanism as part of transforming it into an utility token with multiple uses cases.
What Is Avorak AI?
Avorak is an AI crypto project that runs on the Binance Smart Chain. It offers products that cater to many fields including trading and content creation such as non-plagiarised texts, language-to-art models which generate images that fit the exact specifications of the user, and automated editing tools. All these solutions will be accessible for AVRK owners using this platform powered by artificial intelligence technology combined with blockchain technology.
Shiba Inu has made significant progress in making their coin useful with the launch of Shibarium Beta while Avorak looks forward to helping its native blockchain streamline various processes like cross chain liquidity using its range of innovative solutions driven by artificial intelligence technology combined with blockchain technology..
- The Ripple vs. SEC lawsuit is the most followed topic within the crypto space, as it smelt the possibility of a victory over the agencies.
- At this time, the XRP price is accumulating some strength as it may trigger a huge bullish wave in the coming days.
- The XRP price continues to hover above $0.39, a spike of more than 12% in the past few days.
Ripple vs. SEC Lawsuit
The Ripple vs. SEC lawsuit is the most followed topic within the crypto space, as it smelt the possibility of a victory over the agencies. After multiple hearings and arguments, the judge could produce the final ruling at any time now.
XRP Price Movement
At this time, the XRP price is accumulating some strength as it may trigger a huge bullish wave in the coming days. The XRP price continues to hover above $0.39, a spike of more than 12% in the past few days. Although the BTC price faced a major drop, the price of XRP maintained huge strength and hence may surge beyond $0.4 in the next few hours.
Moreover, the rally does not appear to be a short-lived one, as chart patterns and technicals are extremely bullish. Trading View shows that XRP price is trading within same decisive symmetrical triangle that it began during Q4 2022 after rebounding from lower support and reaching upper resistance-levels which could be sliced through shortly; RSI levels are rising high without displaying any bearish divergence while buying pressure has mounted so upswing should prevail until new yearly highs ($0.42) are reached above current value ($0.39).
Therefore, XRP’s massive bullish signals suggest potential opportunity for traders with positive outcomes predicted by experts- however investors should always be mindful and cautious when trading cryptocurrencies due to their volatile nature!
• Gary Gensler, the head of the US Securities and Exchange Commission (SEC), recently declared that all cryptocurrencies other than bitcoin are securities.
• Ripple’s Chief Legal Officer Stuart Alderoty criticized Gensler for forming an opinion on the case before voting.
• Attorney John Deaton also supported Alderoty’s call to have Gensler recuse himself from voting in SEC v. Antoniu.
Gary Gensler’s Proclamation
Gary Gensler is a US public servant and financial regulator who now serves as the Head of the Securities and Exchange Commission (SEC). With his recent regulatory measures, Gensler has often come under fire. Senator Tom Emmer of Minnesota has criticized him for his regulatory flaws. He recently declared that all cryptocurrencies other than bitcoin are securities.
Alderoty Criticizes Gensler
Ripple’s Chief Legal Officer, Stuart Alderoty, described how Chair Gensler had once more declared that all cryptocurrencies, with the exception of Bitcoin (BTC), are unregistered securities in a tweet. He argued that this meant that Gensler must recuse himself from voting in any enforcement cases involving cryptocurrency securities because he had already formed an opinion on the result for SEC v. Antoniu (8th Cir. 1989).
Deaton Supports Alderoty
Attorney John Deaton, who represents thousands of XRP holders as an amicus curiae in the SEC litigation against Ripple, backed up Alderoty’s call to have Gary Gensler recuse himself from voting in SEC v. Antoniu due to prejudgment on the matter. Deaton stated that this was necessary to ensure fairness and impartiality during proceedings involving crypto tokens being classified as securities by the SEC Chairman himself.
Antoniu v SEC
The question at stake in SEC v Antoniu was whether or not Commissioner’s ongoing involvement in disbarment proceedings was an infraction of due process given his words regarding permanent bans from employment within the securities industry while proceedings were ongoing showed he had already made up his mind about the case before it even reached court..
Both Alderoty and Deaton believe it is essential for Gary Gensler to step down from any cases involving token security classification as they feel this would ensure fairness throughout proceedings as well as prevent further bias towards such decisions by having a different member vote on them instead of one already having formed an opinion on it beforehand