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Cryptocurrency News Articles
BlockDAG's Referral Program Achieves $58M in Presale Following BNB's SEC Victory & XRP's C14 Partnership
Jul 15, 2024 at 12:00 pm
The digital currency landscape is evolving rapidly in the wake of crucial legal rulings and strategic expansions. BlockDAG is at the forefront, sparking a presale rush with its enticing 10% referral incentive, amassing a notable $58 million and selling over 12.1 billion coins.
As the digital currency landscape continues to evolve, several crucial developments have emerged, including BlockDAG’s referral program achieving $58M in presale, impacting the broader crypto market.
BlockDAG Leverages Community Power, Sparks Presale Rush
BlockDAG is at the forefront of crypto innovations, offering a 10% referral incentive. This initiative has sparked a presale rush, amassing over 12.1 billion coins sold.
Analysts foresee a price spike to $10 by 2025, hinting at an upcoming crypto bull market. Meanwhile, Binance’s legal victory in the SEC lawsuit provides essential regulatory clarity.
Crucial Legal Rulings Shape Crypto Landscape
In a landmark decision for Binance and Coinbase, a US judge ruled in their favor in the BNB SEC lawsuit. Judge Amy Berman Jackson from the US District Court for the District of Columbia dismissed the SEC’s allegations.
This decision pertains to whether BNB and its subsequent sales can be classified as securities according to the Howey Test. The court’s determination is based on the evidence presented, highlighting BNB’s utility over profit expectations.
This development marks a critical juncture in the ongoing legal battle, with Coinbase celebrating the verdict and criticizing the SEC’s approach to regulatory transparency in the crypto sector.
Despite this victory, BNB’s market situation remains unpredictable, with a recent 5% decrease amid broader market trends.
XRP’s Alliance Broadens Global Reach
XRP’s global influence has expanded significantly, with XRPL Labs collaborating with C14 to facilitate access in over 50 global markets.
This partnership incorporates C14’s fiat-to-crypto services into the XRPL-based Xaman wallet (previously Xumm), allowing the purchase of XRP and Xahau’s network token, XAH, via multiple fiat channels.
This strategic alliance aims to boost accessibility and significantly contribute to the platform’s expansion, creating a robust network among family, friends, and crypto enthusiasts.
This collective endeavor is projected to escalate BDAG’s value, with experts predicting a rise to $10 by 2025, establishing it as a pivotal player in the forthcoming crypto bull market.
These initiatives, coupled with the anticipation of the next crypto bull market, collectively set the stage for substantial growth, propelled by strategic insight and strong community involvement.
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