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XRP ETFs 'Inevitable' After Bitcoin and Ethereum Approvals: Ripple CEO
Ripple CEO Brad Garlinghouse believes that an XRP exchange-traded fund will get approved by the SEC following recent filings.
Ripple boss Brad Garlinghouse is confident that the U.S. Securities and Exchange Commission (SEC) will approve an exchange-traded fund (ETF) for the cryptocurrency his firm's founders helped create, even if his fintech company has been at loggerheads with the regulator for years.
Fund manager Bitwise filed for an XRP ETF at the beginning of the month. The fund, if approved, would trade on a stock exchange and give investors exposure to XRP without actually having to hold the cryptocurrency.
The filing was a surprise because Ripple—whose founders created XRP—has been locked in a legal battle with the SEC since 2020. Even so, Garlinghouse doesn’t appear concerned.
“To me it’s just inevitable [that an XRP ETF will be approved],” Ripple CEO Garlinghouse said in a Bloomberg television interview Wednesday, adding that there’s “demand from institutions and retail to access this asset class.”
Another asset manager, Canary Capital, also this month filed for an application to launch an XRP-based ETF.
Garlinghouse said that although the SEC apparently didn’t want to, it ended up approving Bitcoin and Ethereum ETFs—products launched by top Wall Street firms. Read More
Ethereum ‘Verge’ upgrade to enable nodes on phones and smartwatches
Ethereum’s next upgrade, “The Verge,” will drastically reduce hardware requirements, making node operations accessible on everyday devices like phones and smartwatches.
Ethereum co-founder Vitalik Buterin said the network’s next upgrade, called “The Verge,” is designed to make Ethereum more secure and accessible, allowing its nodes to run on devices as small as a “phone or smartwatch.”
The Verge aims to reduce hardware requirements using “stateless verification,” which will allow nodes to verify blockchain blocks without storing large amounts of data.
One of Ethereum’s challenges is the increasing data size required to operate a node, which currently requires “hundreds of gigabytes of state data,” according to research from Paradigm.
The Verge introduces stateless verification, which Buterin said will “make fully-verifying the chain so computationally affordable that every mobile wallet, browser wallet, and even smart watch is doing it by default.”
The shift to stateless verification would mean that Ethereum nodes no longer have to store the entire blockchain, reducing the technical barriers for users, including solo stakers. Read More
Zanzibar’s new blockchain sandbox aims to drive tech startup growth
The semi-autonomous region of Tanzania is taking advantage of a sandbox regulatory framework adopted in July.
The government of Zanzibar has opened a blockchain sandbox to encourage tech startups, according to a local press report. The semi-autonomous region of the United Republic of Tanzania is calling its sandbox the National Blockchain Sandbox.
The sandbox will allow developers to test innovative technologies on the National Blockchain Network. Projects that feature financial inclusion, identity verification and certification issuance will have priority, Kenyan Wall Street reported.
Supporting tech innovation:
Admission to the sandbox will come with the added potential benefits of government-sponsored training and incubator programs. Director General of the e-Government Authority of Zanzibar Said Seif Said explained:
“Innovators will have the opportunities to work on pilot projects, collaborate with experts, and receive mentorship from industry leaders, which is very critical.”
The sandbox was designed by Dubai-based LedgerFi IT and will operate on the EVM-compatible layer-1 XDC network. Read More
Uniswap Launches New Bridge Connecting DEX to Base, World Chain, Arbitrum and Others
Decentralized exchange (DEX) Uniswap (UNI) is launching a new bridge that will allow users to access other blockchains outside of Ethereum (ETH).
In a new blog post, Uniswap Labs says that it’s launching the bridge in collaboration with Across Protocol (ACX), allowing users to swap crypto assets between nine different blockchains directly from the Uniswap Interface or Uniswap Wallet.
“In-app bridging is one of our most requested features, and we’re excited to roll it out as a step toward our long-term vision of cross-chain swaps. Today, over six million Uniswap users swap on multiple chains.
At Uniswap Labs, we’re committed to making sure these users have access to smooth, seamless bridging across chains. Until now, moving assets between chains has been challenging. It required using external bridges, dealing with unfamiliar interfaces, and waiting for long transaction times.
Plus, there’s always uncertainty about the security of different bridging services.” Read More
Breaking Free from Constraints: How Markethive Empowers You to Overcome Censorship, Government Restrictions, and Outdated Marketing Practices
We live in a world where every step you take toward your dreams feels obstructed by invisible barriers, as if the odds are intentionally stacked against you. This isn't just your imagination; it is a reality, and these obstacles are built into society’s very structure, protecting corporate giants and keeping aspiring entrepreneurs like you from gaining ground. Every hour, every dollar, every ounce of effort you pour into building something meaningful seems met with another wall carefully designed to hold you back.
Government policies seem to pile on, favoring established players in their grasp, while leaving smaller businesses to navigate a confusing labyrinth of taxes and regulations. Even social media, once a beacon of free expression and open connection, now censors and suppresses voices that challenge the norm and agendas that do not conform to their puppet masters' desires. And when you turn to marketing, the cost of visibility on major platforms puts real success out of reach for those without deep pockets.
But what if there were a place built just for entrepreneurs like you? A platform where censorship doesn’t exist, where your voice isn’t filtered through algorithms, and where you can freely connect, grow, and monetize your ideas. Thanks be to God, this place exists, and it’s called Markethive.
Markethive is a powerful and Godly movement built on the principles of decentralization, transparency, freedom, and empowerment of people worldwide. Markethive is a revolutionary hybrid ecosystem that blends social networking, inbound marketing, and blockchain technology. It’s designed to empower entrepreneurs with tools and resources you can’t find anywhere else, giving you the autonomy to thrive outside the limits of traditional systems. Here’s how Markethive sets you free from societal barriers and provides solutions that the world desperately needs. Read More
Decentralized personalization restores user data control and privacy: Here’s how
Web2’s data monopolies lock users into centralized systems, limiting control over personal information and hindering competition. This decentralized AI personalization protocol offers an alternative.
Bluwhale, a decentralized AI personalization protocol, gives users control over their data, enabling secure sharing with decentralized applications while maintaining privacy and allowing participation in revenue-sharing models.
The digital age has turned personal data into fuel that powers the world’s largest tech giants. Every interaction feeds vast ecosystems controlled by a few corporations, which profit from user data. This leaves individuals with little control over their information, at the cost of privacy and autonomy.
For users, this creates a paradox. While digital services are convenient, they trap individuals in ecosystems, making it hard to switch platforms. Smaller businesses struggle to compete in a landscape dominated by data monopolies, leading to a centralized system controlled by a few.
Enter Bluwhale, a decentralized artificial intelligence personalization protocol offering an alternative to this entrenched model. Bluwhale shifts the balance of power by giving users full control over their data and enabling them to share it with decentralized applications (DApps) only when they choose.
Instead of corporations hoarding personal data, Bluwhale allows users to decide how their information is used, allowing them to participate in revenue-sharing when they share their preferences with apps. Read More
A truly decentralized system would decentralize authority — Cardano exec
Cardano Foundation chief technology officer Giorgio Zinetti told Cointelegraph that centralized authority is good for speed, but decentralized governance offers long-term sustainability.
While decentralized governance may reflect the ethos of Web3 systems, a Cardano Foundation executive said that challenges must be addressed in implementing a truly decentralized system.
Cardano Foundation executive Giorgio Zinetti discussed the benefits and challenges of decentralized governance in Web3 systems at the Cardano Summit in Dubai, emphasizing Cardano’s commitment to onchain governance.
Zinetti, Cardano Foundation’s chief technology officer, said Cardano is now “the biggest layer-1 with onchain governance,” and one of the few big blockchain projects that has fully implemented the model. He said:
“We like to think about ourselves as the largest DAO in the world. Now, the community can choose the direction the chain is taking by voting.”
Zinetti said that other large blockchain networks have a “more centralized approach toward governance. Read More
Solana again clocks record-breaking fee revenue
Solana generated some $8.7 million in economic value from network activity, up from just under $8 million one day prior, according to Blockworks Research.
Layer-1 blockchain Solana once again clocked record-breaking network revenues after previously hitting an all-time high on Oct. 22, according to data from Blockworks Research.
On Oct. 23, Solana generated some $8.7 million in economic value from network activity, up from just under $8 million one day prior, Blockworks’ data analytics manager, Dan Smith, said in a post on the X platform.
That figure accounts for all revenue sources, including base fees, priority fees, and tips, among others, according to Blockworks Research.
Solana has emerged as a serious challenger to Ethereum, with the SOL token outperforming Ether by some 600% since 2023.
Total value locked (TVL) on Solana surged from less than $250 million at the start of 2023 to more than $6.8 billion as of Oct. 24, according to data from DefiLlama.
In July, Solana surpassed Ethereum in weekly total fees for the first time, clocking approximately $25 million in weekly revenue versus Ethereum’s $21 million, according to Blockworks Research. Read More
Ripple Challenges Regulatory Uncertainty in Crypto, Files Appeal in Case Against SEC
The appeals process has already attracted considerable attention for its potential to shape the future of U.S. regulations on digital assets.
Ripple Labs has filed a cross-appeal in the U.S. Court of Appeals for the Second Circuit, contesting several elements of a key ruling in its legal battle with the Securities and Exchange Commission.
The move comes a week after the SEC submitted its own appeal, targeting specific aspects of a 2023 court decision that partially favored Ripple in its sale of XRP to investors.
The appeals process, which is expected to continue well into next year, has already drawn significant attention due to its potential impact on the regulation of digital assets in the U.S.
"The Appeals Court reviews the record that has already been set and we have a great record," Stuart Alderoty, Ripple's chief legal officer, said in a Thursday statement on X.
"The SEC can’t submit new evidence or ask us to produce more. Meaning, there won’t be all the drama we had in the litigation when we fought over documents," he added. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
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