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(Note: If you’re looking for more news regarding cryptocurrency, please visit our website Bitcoin Commando. All crypto news will be posted there. ~ Dinar Chronicles)
Seeds of Wisdom
FINTECH STARTUP RAISES $1.5M TO DEMOCRATIZE MARITIME FINANCE
Maritime fintech startup Shipfinex secured $1.5 million in seed funding to democratize maritime finance through blockchain-enabled fractional ownership of maritime assets.
Democratizing Maritime Finance
Shipfinex, a maritime fintech startup, recently announced it has secured $1.5 million in seed funding. Gaurav Mehta, chairman of shipping asset trader Best Oasis Limited and Dubai-based company SPM Shipping DMCC, led the funding round. Vivek Seth, senior vice president at ADNOC Logistics & Services, and Yasovardhan Chinni, founder of Nanlian Ship Management LLC, also participated.
Shipfinex aims to democratize maritime finance by enabling fractional ownership of maritime assets through blockchain technology. The startup believes this investment will kickstart a partnership that uses blockchain to reshape access to maritime assets.
According to a press statement, Mehta, a veteran in ship cash-buying and energy asset markets, will bring his extensive industry insights to Shipfinex.
Shipfinex plans to use the funds to support its growth and develop a secure and compliant marketplace for maritime asset tokens. The company also aims to accelerate its regulatory advancement with Dubai’s Virtual Asset Regulatory Authority (VARA).
Commenting on his financial backing of Shipfinex, Mehta said:
Shipfinex represents the next era in maritime finance, expanding asset ownership and enhancing transparency and efficiency. We’re excited to support this transformative journey and redefine how the world invests in maritime assets.
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Vikas Pandey, CEO and co-founder of Shipfinex, lauded Best Oasis Limited CEO’s support and industry insights as “invaluable.” Pandey believes this will be key in Shipfinex’s endeavor to “redefine access and expand investment opportunities within maritime finance.”
@ Newshounds News™
Source: Bitcoin News
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HOSKINSON EXPLAINS WHY CARDANO IS PREFERRED; ADA TO HIT AN ATH SOON?
Amidst the broader market optimism, Cardano’s price has been showing impressive surges lately as evidenced by its recent rally. Additionally, a flurry of developments around its founder Charles Hoskinson has also sparked market optimism.
Why Will It Reach An ATH?
In a latest X post, Hoskinson has praised the Cardano community. He explained why people prefer Cardano as he underscored that “We have the best community and the best entrepreneurs.
It’s a harder road, but it will change the world.” further, he also predicted the Voltaire update to make the ecosystem the “finest government ever assembled by humanity.”
Additionally, Charles Hoskinson visiting Elon Musk’s SpaceX office has also sparked speculations, given Musk’s rising influence in the US political landscape.
Besides, Hoskinson has recently said that he would support the Trump Government in shaping crypto legislation. He seeks to help the US administration in framing clear regulatory frameworks for digital assets, which have encountered regulatory pressure over the past few years.
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Ripple CEO’s Comments Adds To The Optimism
The recent comments from Ripple CEO Brad Garlinghouse have also incited market optimism. He stated:
“The crypto industry has embraced Trump, Trump has embraced the crypto industry. I think it’s very genuine, and I think he sees the opportunity, he sees innovation, he sees entrepreneurship and I’m very excited about what the future holds.”
Garlinghouse highlighted that U.S.-linked crypto assets, such as XRP, SOL, and ADA, have outperformed other tokens due to the expected easing of regulatory pressure. He noted that the anticipation over pro-crypto policies under T******************n has fueled the rally.
Besides, a prominent crypto market analyst Ali Martinez recently said that Cardano price is poised to hit $6 in 2025, further fueling the expectations of a potential ADA rally to its new ATH.
First Ever zkApp Launched On Cardano’s Midnight Sidechain
In the latest development, the first-ever zero-knowledge application (zkApp) has been launched on Cardano’s Midnight sidechain, that has excited both the community and the founder Charles Hoskinson as well. This innovation is a result of Midnight partnering with Paima Studios.
Sebastien Guillemot, the co-founder of Paima Studios, announced the launch of the zkApp on X. At its core, this partnership is set to simplify the development of multi-stack decentralized applications (dApps) and empower developers to leverage the strengths of different blockchain ecosystems seamlessly.
@ Newshounds News™
Source: CoinPedia
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XRP NEWS TODAY: TRUMP MEETS WITH GARLINGHOUSE. WHY IS THIS IMPORTANT? | YouTube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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Source: Dinar Recaps
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RIPPLE IPO ON THE HORIZON? SBI CEO URGES ACTION AS XRP LAWSUIT HEATS UP
XRP surged above $1.20 over the weekend, marking an 87% weekly gain and hitting a three-year high. The rally gained momentum after 18 U.S. states sued the SEC and its chairman, Gary Gensler, accusing the agency of overreaching in its regulation of the crypto industry. This significant development reignited discussions around Ripple’s potential Initial Public Offering (IPO).
With Trump’s win, many speculations are doing the rounds like the Ripple vs SEC case dismissal, IPO, and Stablecoin launch. Since the regulatory matters are at ease, there are chances that Ripple may come with an IPO soon to maximize the current bull run.
SBI CEO Pushes for Ripple’s IPO
Yoshitaka Kitao, CEO of SBI Holdings, has urged Ripple to start preparing for an IPO “as soon as possible” once its legal battle with the SEC concludes. Ripple has been entangled in a prolonged lawsuit with the SEC, which recently filed an appeal in October. However, many analysts speculate that the SEC’s internal shake-ups could lead to the appeal being dropped, clearing Ripple’s path for a public offering.
Brad Garlinghouse’s Take on IPO Plans
Ripple CEO Brad Garlinghouse has reiterated that while an IPO is not currently a “high priority,” he hasn’t ruled it out entirely. In 2022, he mentioned that Ripple would consider going public after resolving the SEC lawsuit. Though Ripple’s financial stability reduces the immediate need for an IPO, Garlinghouse had earlier envisioned the company going public within a year, a timeline disrupted by ongoing legal challenges.
Ripple Co-Founder Transfers XRP
Amid XRP’s price rally, Ripple co-founder Arthur Britto moved 80 million XRP tokens, with 10 million heading to Binance. This movement has sparked speculation within the community about Ripple’s potential plans, including whether the company is inching closer to an IPO.
Ripple’s Future at a Crossroads
While the IPO discussion gains traction, Ripple remains in a “wait-and-see” mode. The company’s past plans for an IPO were derailed by the SEC lawsuit, but recent legal and market developments may bring the idea back into focus. With regulatory hurdles potentially easing, Ripple’s IPO could mark a historic shift in its trajectory, offering investors a new avenue to engage with the blockchain leader.
In the meanwhile, XRP surged by 25% today, nearing the local resistance level of $1.0739. If buyers maintain momentum, a breakout could push the price to $1.10 and potentially to the $1.15-$1.20 range next week. However, if the weekly candle closes far from this resistance, a correction to the $0.90-$0.95 zone may occur. At press time, XRP trades at $1.0522.
@ Newshounds News™
Source: Coinpedia
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CRYPTO.COM EXPANDS OFFERINGS WITH ACQUISITION IN AUSTRALIA
Crypto.com has announced its acquisition of Fintek Securities Pty Ltd., a brokerage firm with an Australian Financial Services Licence regulated by the Australian Securities and Investments Commission.
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This move allows Crypto.com to broaden its financial product offerings, including derivatives, securities, foreign exchange, and managed investment schemes, to eligible users.
CEO Kris Marszalek highlighted the acquisition as a key step in the company’s mission to create a comprehensive financial services platform that simplifies user experiences and maximizes rewards.
This acquisition marks the second by Crypto.com to enhance traditional brokerage capabilities within its family of companies, following its earlier acquisition of SEC-registered broker-dealer Watchdog Capital, LLC, aimed at expanding its U.S. offerings.
@ Newshounds News™
Source: Bitcoin News
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SEC CHAIR GARY GENSLER’S BEHAVIOR CANNOT BE CHALKED OFF AS ‘GOOD FAITH MISTAKES,’ SAYS TYLER WINKLEVOSS
Winklevoss believes that Gary Gensler should never be allowed to hold any position of influence to prevent future misuse of government power.
The actions of the U.S. Securities and Exchange Commission (SEC) chair Gary Gensler cannot be “explained away” as “good faith mistakes,” former Olympic rower and crypto exchange Gemini co-founder Tyler Winklevoss wrote in a post on X on Saturday. He added:
“It [Gensler’s actions] was entirely thought out, intentional, and purposeful to fulfill his personal, political agenda at any cost.”
Gensler carried out his actions regardless of consequences, Winklevoss said, calling Gensler “evil.” Gensler did not care if his actions meant “nuking an industry, tens of thousands of jobs, people’s livelihoods, billions of invested capital, and more.”
Winklevoss further stated that Gensler has caused irrevocable damage to the crypto industry and the country, which no “amount of apology can undo.”
Venting his frustration, Winklevoss wrote:
“Americans have had enough of their tax dollars going towards a government that is supposed to protect them, but instead is wielded against them by politicians looking to advance their careers.”
Winklevoss believes that Gensler should not be allowed to hold any position at “any institution, big or small.” He added that Gensler “should never again have a position of influence, power, or consequence.”
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In fact, Winklevoss said that any institution, whether a company or university, that hires or works with Gensler after his stint at the SEC “is betraying the crypto industry and should be boycotted aggressively.”
According to Winklevoss, stopping Gensler from gaining any power again is the “only way” to prevent misuse of government power in the future. Winklevoss has long been a vocal critic of the SEC and Gensler, who he believes uses the ‘regulation through enforcement’ doctrine.
Winklevoss is far from being the only one accusing the SEC of a*****g its powers. Earlier this week, 18 U.S. states, filed a lawsuit against the SEC and Gensler, alleging “gross government overreach.”
Republican President-elect Donald Trump promised to fire Gensler on his first day back at the White House during his e******n campaign. The Winklevoss brothers donated the maximum allowed amount per individual to Trump’s campaign.
The SEC is an independent agency, which means the President does not have the authority to fire Gensler. However, Gensler’s term ends in July 2025.
Trump transition team officials are preparing a short list of key financial agency heads they will present to the president-elect soon, Reuters reported earlier this month citing people familiar with the matter. So far, there are three contenders for the list: Dan Gallagher, former SEC commissioner and current chief legal and compliance officer at Robinhood; Paul Atkins, former SEC commissioner and CEO of consultancy firm Patomak Global Partners; and Robert Stebbins, a partner at law firm Willkie Farr & Gallagher who served as SEC general counsel during Trump’s first presidency.
While nothing is set in stone yet, Gallagher is the frontrunner, according to the report.
@ Newshounds News™
Source: CryptoSlate
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Source: Dinar Recaps
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Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
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