Take a look at what happened in the world of crypto over the weekend with U.Today’s top four news stories.
Cardano founder says XRP should be regulated as commodity, here’s why
Cardano and IOG founder Charles Hoskinson expressed his opinion on the legal status of XRP. He believes that the Ripple-affiliated token should be regulated as a commodity, not a security. To back up his argument, Hoskinson wrote that the majority of Layer 1 protocols (which includes XRP) offer utility and have a sufficient degree of decentralization in them, hence, they are not securities. Plus, they pass the Howie test, which shows whether an asset is a security or not. Besides, according to the Cardano founder, “commodities survive those who aggregate them”. In the case of Ripple, he wrote that the company has created “something that has an ecosystem that will survive Brad [Garlinghouse, CEO], Chris [Larsen, co-founder], David Schwartz (CTO) or anyone else.”
Shiba Eternity sets historical record for Shiba...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...