5 of the biggest stories of the week

January 23, 2023 CRYPTOS.TEL IOTA 0

  • Ripple has received major support at the WEF with the fintech CEO revealing that its case with the SEC is likely to be settled by June.
  • Stellar Lumens, a competitor of Ripple, joined the global market advisory committee of the commodity futures trading commission (CFTC).

It’s been a week marked by progress both in project/network development as well as token price value. Although the trend is in its early stages, analysts are confident that the market could be ushering in a bull run. As investors keep an eye on the market, developers across the industry continue to forge alliances and improve their respective projects. In the latest CNF brief, we take a look at the hottest stories that made headlines this past week.

Dogecoin carbon emissions down 25% thanks to Elon Musk

After months of Elon Musk working with Dogecoin developers,  this week a new report showed that the collaboration has bore significant results. According to the report, Dogecoin’s carbon emissions have fallen by roughly 25 percent. Following this, Dogecoin now becomes one of the most energy-efficient blockchains on the market. It further improves Dogecoin’s position as the preferred transactional currency. Elon Musk has previously noted that Dogecoin is better suited for transactions than Bitcoin.

Dogecoin’s native token DOGE has not seen any significant change in the last week. Our data shows the token has added less than 5 percent in the last 7 days and is trading for $0.086…Read More

Stellar Lumens joins important board as a first blockchain project

U.S. regulators have shown their commitment to recognizing the relevance of blockchain and cryptocurrency projects. In the latest move, the Stellar Development Foundation was added to the Global Market Advisory Committee, formed by the Commodity Futures Trading Commission (CFTC). Stellar joins representatives from traditional industry finance, such as J.P. Morgan, Goldman Sachs, and BlackRock.

Despite CFTC’s decision to include blockchain projects, only Stellar was included.  According to a Stellar Lumens blog post regarding this development, the blockchain and crypto sector can fulfill its potential once there are smart policies and clear rules from the regulators…Read More

Brad Garlinghouse gets huge support at WEF to find settlement with SEC

Speaking in an interview at the World Economic Forum 2023 held in Davos, Switzerland, Ripple CEO Brad Garlinghouse expressed optimism that its case with the SEC will come to an end in the first half of 2023. He further clarified that he doesn’t expect the case to end in a settlement, but, he expects the case to reach a conclusion.  Furthermore, he heard in Davos repeatedly how important it is  (SEC, Ripple lawsuit) for the whole crypto industry in the United States.

With analysts expecting that Ripple will win against it, they are further optimistic it will lead XRP to rally in the weeks and months that follow. In addition, it will set a precedent for the larger crypto market which is currently under threat…Read More

IOTA tech superior in sustainability and climate protection thanks to Tangle

IOTA Foundation’s regulatory affairs manager, Mariana de la Roche Wills, explained how they are undertaking key projects spanning sustainability initiatives. She further added that the IOTA Foundation is increasing its focus on the recently emerging field of DeFi, NFTs, and Web3. Mariana de la Roche Wills, the co-chair at INATBA, discussed IOTA’s commitment to sustainability and positive social impact.

Mariana de la Roche Wills said that the focus is currently on getting the technology to the masses. Besides, they seek to make blockchain use for average people much simpler, as it is to using a smartphone…Read More

Cardano’s new upgrade to support ECDSA and Schnorr cryptographic signatures

An upcoming upgrade to Cardano will bring secure cross-chain DApps development and greater interoperability to the blockchain. The major upgrade will incorporate some built-in functions to Cardano’s smart contracts programming language Plutus. These new built-in functions at Plutus will also support ECDSA and Schnorr cryptographic signatures thereby making it easier for developers to build cross-chain applications.

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As confirmed by the development team, there’s been successful integration testing already with the mainnet upgrade expected by February 14, 2023. The team notes that all key stakeholders including SPOs, DApp developers, and exchanges have reported successive tests… Read More

 

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