Many crypto projects are taking big steps to expand their network. For instance, Chainlink (LINK) is seeking better partnerships to evolve its network’s capabilities.
Ripple (XRP) is fighting a case against the SEC to prove its legitimacy, and Snowfall Protocol (SNW) is focusing on token sales as its official launch date comes near. Keep reading ahead to learn the latest occurrences in the crypto community.
Chainlink Automation Officially Launches On Arbitream One
Chainlink (LINK) believes in connecting with powerful platforms in the blockchain world to help one another grow. One of the popular partners of Chainlink (LINK) is Arbitrium One.
Chainlink (LINK) has helped Arbitrium One expand its platform’s DeFi ecosystem. In return, Chainlink (LINK) users get to access advanced trading features of Arbritrium One.
Chainlink (LINK) wants to strengthen its partnership with Arbitrium One. Thus, it created Chainlink Automation that enables developers to build advanced decentralized applications. Chainlink Automation is specifically designed to run on Arbitrium One.
Chainlink (LINK) developers can access trusted and efficient automation for scalable smart contracts and dApp development. The feature also deals with network re-organizations, nonce-management, and gas spikes.
The Chainlink (LINK) community is excited about the new opportunities this tie-up will bring.
Chainlink (LINK) investors expect the automation feature to expand the crypto project’s network.
However, the feature launch had no positive effect on Chainlink’s (LINK) price chart, which is showing a consistent decline. Chainlink (LINK) is trending at $5.74, which is 3.92% down.
Ripple (XRP) Vs. SEC Court Case Shows Some Movement
The court case between Ripple (XRP) and SEC began when the latter blamed the former for misleading investors by not registering its XRP token as a security.
The lawsuit by SEC states that Ripple (XRP) raised over $1.3 billion through unregistered token offerings. Ripple Network argues that its network can operate without the regulator’s authority as Ripple (XRP) token is not an investment contract.
Ripple opposed giving SEC authority to regulate the XRP as security. If it happens, it will cause other physical assets to be regulated as security. These assets may be soybeans, diamonds, cars, etc. A federal judge had been reviewing motions from both SEC and Ripple (XRP).
Recent speculations around the possible settlement between Ripple (XRP) and SEC have revived the conversation around the case.
Charles Hoskinson, Cardano’s CEO states that the legal battle between Ripple (XRP) and SEC will result in unfavorable consequences for the crypto industry. He is in support of settlement between the two parties.
Ripple (XRP) community has been loyal throughout the legal battle. But, the ongoing case has negatively affected XRP’s price charts. Recent price data shows a steady downturn, with the current Ripple (XRP) price being 2.30% down.
Snowfall Protocol’s (SNW) Interoperability Leads To Remarkable Token Sales
One of the biggest drawbacks of the current blockchain ecosystem is the lack of compatibility. Users are forced to use third-party mediums to move their assets from one Crypto platform to another. But this won’t be the problem with Snowfall Protocol (SNW). The new Crypto project is the world’s first cross-chain transfer platform. Snowfall Protocol (SNW) offers a secure and simple way for users to enter and participate in various cryptocurrency markets and DeFi ecosystems. Snowfall Protocol (SNW) facilitates cross-chain communication.
The frictionless interoperability of Snowfall Protocol (SNW) has gained demand in the crypto community. Snowfall Protocol (SNW) is presenting the most awaited cross-chain solution in the market. Thus, investors are keen to invest in Snowfall Protocol ( SNW).
By the time Snowfall Protocol (SNW) ended its 2nd presale, the token sale had crossed 195 million. The third presale stage of Snowfall Protocol (SNW) is live, and has already sold more than 200 million.
In January 2023, Snowfall Protocol (SNW) will officially launch. So, get your presale tokens now and gain excellent returns after launch.
Get in while you can and invest in Snowfall Protocol (SNW) today!!!