Blockchain
Global Blockchain Gurus to explore the future of Blockchain and Crypto in Asia
World Blockchain Summit is geared up to gather the most influential voices in the global blockchain and crypto community this July.Singapore, 02 July 2020: Having hosted multiple high-level conferences across the world, World Blockchain Summit (WBS) has established itself as World’s biggest and most-elite Blockchain & Crypto Summit series. While it has proven itself as…
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World Blockchain Summit is geared up to gather the most influential voices in the global blockchain and crypto community this July.
Singapore, 02 July 2020: Having hosted multiple high-level conferences across the world, World Blockchain Summit (WBS) has established itself as World’s biggest and most-elite Blockchain & Crypto Summit series. While it has proven itself as the quintessential blockchain event, WBS has a reputation of getting global experts, investors and crypto/digital asset entrepreneurs all under one roof – consistently, year-after-year.
Due to the ongoing circumstances worldwide regarding Covid-19 and the constant uncertainty surrounding many things, Trescon, organizer of WBS has announced the virtual edition of World Blockchain Summit – Asia. The summit will host global blockchain and crypto thought leaders who will be taking the centre stage. The Summit is taking place on 16 July 2020.
“Virtual events are an excellent opportunity for everyone in the industry to come together during these difficult times. Affordable and virtually accessible events are the need of the hour”, says Mohammed Saleem, CEO & Founder of Trescon
All the benefits of a physical conference and more…
WBS will feature expert keynotes, private networking sessions, secure audio-visual meetings, investor connects & private meetings designed specifically to help meaningful interactions.
The conference will use state-of-the-art technology to ensure sponsors are able to quickly chat and connect with potential investors and clients. Attendees will be able to communicate instantly with solution providers, download brochures and discuss proposals and projects via secure audio-visual chat rooms.
A ground-breaking collaboration of experts
About World Blockchain Summit
World Blockchain Summit is a global series of elite gatherings that take place in 10+ destinations across the world. It connects global blockchain gurus and technology players in this space including emerging startups – with regional businesses, government authorities, IT leaders, tech entrepreneurs, investors and blockchain developers.
For further details about the announcement, please contact:
Kannan R
Corporate Communications Manager
marketing@tresconglobal.com
Blockchain
Ripple’s Garlinghouse to File Dismissal Motion Against the SEC Lawsuit Over XRP Sales

The CEO of Ripple, Brad Garlinghouse is filing for a motion to dismiss the SEC lawsuit against himself and Ripple. This is according to a copy of a letter written by Garlinghouse’s lawyer stating that he intends to file a dismissal motion for the case.
The letter claims that the case was nothing but a regulatory overreach as the company’s sale of XRP did not involve any contract and the proceeds were not pooled with other buyers in a common enterprise. Its price also fluctuates in line with other digital assets such as Bitcoin and Ethereum.
“But Mr. Garlinghouse’s XRP sales involved no contract of any kind with the buyers, as his sales were done anonymously over an exchange. Nor were the proceeds of Mr. Garlinghouse’s sales pooled with other buyers in a common enterprise. And XRP’s value historically has not been correlated with Ripple’s actions, results, or public announcements, but instead with changes in the value of other digital assets, such as bitcoin and ether, that the SEC has publicly declared are not securities”, the letter read.
Ripple and its top executives have been in court since the SEC filed a lawsuit against them alleging that they illegally sold a security (XRP) and made profits of over $1 billion. Garlinghouse has however maintained his position that XRP is not a security.
This could be because other countries such as the UK hold XRP in high regard. Garlinghouse had last year indicated his intention to move Ripple headquarters over to the UK before the SEC lawsuit. In early February of this year, the company filed a defense for the suit which has led to a few more lawsuits.
In 2015 and 2020, both the Department of Justice and the Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”) declared XRP to be a “virtual currency”. The two departments even asked Ripple to implement anti-laundering in place, a requirement that Ripple claims securities are not expected to meet.
The outcome of Ripple’s case with the SEC could be a big determinant of future regulations in the cryptocurrency industry and the entire space awaits the outcome.
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The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.
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Source: https://zycrypto.com/ripples-garlinghouse-to-file-dismissal-motion-against-the-sec-lawsuit-over-xrp-sales/
Blockchain
Crypto fund KR1 makes investment in blockchain data protocol LazyLedger


KR1, a crypto & blockchain asset investment company, had announced that it has invested a total of USD $75,000 into Strange Loop Labs AG, doing business as LazyLedger Labs.
The investment company took part in LazyLedger’s seed funding round alongside Cosmos’ Interchain Foundation, Binance, Dokia Capital, Maven 11, and other investors.
LazyLedger is a pluggable consensus and data availability layer to enable anyone to quickly deploy a decentralized blockchain; without the overhead of bootstrapping a new consensus network.
“LazyLedger is a great project and an opportunity to bring better data availability to blockchains; which reduces bloat and increases performance. We believe that LazyLedger is going to play a big role in the next generation of scalable blockchain architectures.”
– Keld van Schreven, Managing Director and Co-Founder of KR1
LazyLedger’s founding team are highly respected decentralized systems engineers and researchers; who were part of the founding team of Chainspace, a blockchain project acquired by Facebook, as well as contributors to Ethereum 2.0 and Cosmos’ Tendermint.
“I’m excited about KR1 supporting LazyLedger as they have been around from day one and the experience they bring is invaluable as one of the oldest funds in the crypto space.”
– Mustafa Al-Bassam, Co-Founder of LazyLedger
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Source: https://www.cryptoninjas.net/2021/03/04/crypto-fund-kr1-makes-investment-in-blockchain-data-protocol-lazyledger/
Blockchain
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round


ETHA Lend, a yield optimizer protocol for DeFi, today announced it has closed a $1.6 million initial funding round from lead investors Digital Finance Group (DFG), AU21 Capital, and Privcode Capital.
Other investors include: Vector Capital, Chain Capital, PNYX Venture, Lancer Capital, Oasis Capital, TRG Capital, Candaq Capital, Dealean Capital, Inclusion Capital, Origin Capital, ZB Capital, YBB Foundation, AC Capital, Hotbit.
Designed to provide automated yield allocation across Ethereum and Polkadot DeFi ecosystems; ETHA Lend will be governed by ETHA token holders. The protocol’s algorithm is constructed to understand the precise circumstances of a liquidity provider and supply events; protecting users from high transaction costs, market limitations, and asset volatility.
“We are excited to have some of the most reputable names in the crypto investment and DeFi funding market on board. Our protocol hosts unique integrations of the DeFi space that shall let users dabble with yield farming with unseen simplicity, cross-chain independence, and progressive yield optimization opportunities. You can look forward to a time when the sector shall be free of the haunting tribalism and intimidations both for new and expert users.”
– Chester Bella, Founder of ETHA LEND
The close of this funding round will enable ETHA Lend to accelerate development towards its mainnet launch, currently scheduled for Q2 2021. ETHA Lend’s smart contracts are being inspected by Certik; one of the most highly reputed blockchain security auditors.
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Source: https://www.cryptoninjas.net/2021/03/04/defi-yield-optimization-protocol-etha-lend-closes-1-6m-funding-round/
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