Crypto News
SEC, Ripple Ink $50M Settlement Agreement, Ask NY Judge for Green Light
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have officially reached a deal that, if approved by a judge, will bring their years-long legal battle to a close.According to a settlement agreement filed in New York on Thursday, both parties have agreed to a $50 million penalty — a portion of the $125 million fine initially imposed last year by Judge Analisa Torres of the Southern District of New York (SDNY), and a tiny fraction of the massive $2 billion fine initially requested by the SEC.In her 2023 ruling, Judge Torres found that Ripple violated securities laws in selling its native XRP token to institutional investors, but did not violate securities laws in putting XRP on exchanges for...
SEC Files for $50 Million Settlement With Ripple Over XRP Lawsuit
The SEC and Ripple agreed that the fintech company will pay just $50 million to settle a long-running lawsuit over XRP sales.Source link
SOL Strategies Explores Tokenizing Shares on Solana via Superstate Partnership
SOL Strategies Inc. announced plans to explore tokenizing its equity on the Solana blockchain through a non-binding partnership with financial technology firm Superstate, potentially becoming the first public company to do so. Non-Binding Pact Could Pave Way for Solana-Based Share Tokenization The Toronto-based company, SOL Strategies Inc. (CSE: HODL) (OTCQB: CYFRF), signed a memorandum ofSource link
Dogecoin Leads Meme Coin Surge as Pepe, Fartcoin and Trump Solana Token Jump
Bitcoin is back above $100K and pulling meme coins with it, with Dogecoin, Fartcoin, and President Trump's Solana coin showing massive gains.Source link
Anna Kazlauskas: Data Ownership in the Age of AI
You’re swimming in data. You’re creating new data every day. If your health app counts your steps? That’s new data. The Oura ring that’s tracking your bio-metrics? Valuable data. Your social media posts, even the stupid jokes that got zero likes? More data.This is all data that AI companies would love to harvest. You can’t build good AI without good data, which is why many view data as the “new oil’ in the race for AI. The problem, though, is that while your data is valuable in theory, the reality is that it’s hard to monetize your own personal data, as you have no leverage as an individual. (Open AI isn’t knocking at your door to buy your old tweets.)Enter...