News
U.Today Crypto News Digest
Valeria Blokhina
Find out what happened in the crypto world over the weekend with U.Today’s News Digest
Read U.TODAY on
Google News
U.Today has prepared a summary of the three main news stories of the weekend.
Ripple CEO: Legal Battle With SEC Will Be Over ‘Very Soon’
Brad Garlinghouse, CEO of Ripple, recently has made its appearance on Bloomberg: The Close. Among other topics, Garlinghouse discussed the current state of affairs with cryptocurrency regulation in the United States and the ongoing Ripple-SEC legal battle. The CEO said that it is “frustrating” that the United States is failing to put in place the cryptocurrency regulatory framework. “And instead we have this never-ending lawsuit coming from the SEC that doesn’t really solve the problem,” he added. Garlinghouse went on to say that Ripple has spent more than $150 million during its three-year legal battle with the SEC, noting that the same approach cannot be used with every single token. At the end of his interview, the CEO said that he expects the Ripple-SEC case to be resolved “very soon,” however, he cannot “predict exactly when the judge is going to rule on this.”
‘Rich Dad Poor Dad’ Author Kiyosaki Offers Revolutionary Advice on When to Get Rich
In a recent post XRobert Kiyosaki, world-famous financial guru and author of “Rich Dad Poor Dad,” has once again underlined that the best time to get rich is approaching. Kiyosaki shared a key lesson from his character Rich Dad: “If you don’t learn how to make money in your sleep… you’ll never be rich,” adding that the time to generate passive income is coming now. The author then stressed the importance of staying strong and confident now. According to Kiyosaki, the following rules can help you “get richer and wiser” during difficult times: “Take care of yourself: Keep studying. Attend seminars. Change your friends. Listen to successful people… not the highly educated cowards of life who work 9 to 5.”
WazirX Announces Big Reward to Recover $100 Million in Shiba Inu (SHIB) and More
Following the massive security breach that rocked WazirX, India’s largest cryptocurrency exchange, the platform announced a Bounty program aimed at recover stolen goods. As a reminder, the exchange lost $230 million in cryptocurrency following the hack; the stolen funds were transferred to a new address and exchanged for ETH. Notable transactions included a withdrawal of $5.4 trillion Shiba Inu (SHIB), valued at $102.13 million. WazirX shared that the Bounty Program consists of two components. Bounty 1, called “Track & Freeze,” offers rewards of up to $10,000 in USDT for useful information that leads to the freezing of stolen funds. Bounty 2, called “White Hat Recovery,” provides a 5% incentive of the recovered amount as a white hat reward. According to Mr. Nischalfounder and CEO of WazirX, the total reward available for asset recovery is set at $11.5 million.
About the author
Valeria Blokhina
Valeria is the community manager of U.Today. She is a cryptocurrency enthusiast and believes that cryptocurrencies are the future of finance. Valeria currently covers the latest news in the world of cryptocurrencies and blockchain.