Many crypto projects are taking big steps to expand their network. For example, Chainlink (LINK) is looking for better partnerships to further develop its networking capabilities.
Ripple (XRP) is filing a lawsuit against the SEC to prove its legitimacy and Snowfall Protocol (SNW) is targeting token sales as the official launch date approaches. Read on for the latest happenings in the crypto community.
Chainlink Automation Officially Launches On Arbitream One
Chainlink (LINK) believes in connecting with powerful platforms in the blockchain world to help each other grow. One of the popular Chainlink (LINK) partners is Arbitrium One. Chainlink (LINK) has helped Arbitrium One expand their platform’s DeFi ecosystem. In return, Chainlink (LINK) users can access Arbritrium One’s advanced trading features. Chainlink (LINK) developers can access reliable and efficient automation for scalable smart contracts and dApp development. The function also deals with network reorganizations, nonce management and gas spikes. The Chainlink (LINK) community is excited about the new opportunities this link will bring. However, the launch of the feature did not have a positive impact on Chainlink (LINK) price chart, which shows a decline at. Chainlink (LINK) is trending at $5.74, down 3.92%.
Ripple (XRP) vs. SEC court case shows movement
The court case between Ripple (XRP) and the SEC began when the latter accused the former of misleading investors by failing to register its XRP token as a security. The SEC’s complaint states that Ripple (XRP) has raised more than $1.3 billion through unregistered token offerings. Ripple Network argues that since the Ripple (XRP) token is not an investment contract, its network can operate without the authority of the regulator. Ripple declined to grant the SEC the power to regulate XRP as a security. If this happens, physical assets other than collateral will be regulated. These assets can be soybeans, diamonds, cars, etc. A federal judge had reviewed the filings from both the SEC and Ripple (XRP).
Snowfall Protocol (SNW) Interoperability Drives Remarkable Token Sales – One of the biggest drawbacks of today’s blockchain ecosystem is lack of compatibility.
Users are forced to use third-party funds to move their assets from one Crypto platform to another. But that won’t be the problem with Snowfall Protocol (SNW). The new Crypto project is the world’s first cross-chain transfer Platform. Snowfall Protocol (SNW) provides users with a safe and easy way to participate and participate in various cryptocurrency markets and DeFi ecosystems.
Facilitates cross-chain communication. The smooth interoperability of Snowfall Protocol (SNW) has generated demand in the crypto community. Snowfall Protocol (SNW) is the most anticipated cross-chain solution on the market. Hence, investors are eager to invest in Snowfall Protocol (SNW). In January 2023, the Snowfall Protocol (SNW) will be officially launched.
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