Press Release Daily Today TheBitTimes.com

The EOS Network Foundation (ENF) is taking legal action against Block.one (B1), the original team who raised $4 billion in a year-long initial coin offering (ICO) for developing the EOS.io blockchain. In a tweet on July 5, the CEO of the ENF, Yves La Rose alleges that B1 didn’t fulfill its $1 billion investment commitments. EOS Foundation suing B1 In the legal update, ENF highlights its challenge with B1, asserting that the company had failed to fulfill its commitment to a $1 billion investment for building and expanding the EOS Network ecosystem. IMPORTANT UPDATE ON THE LAWSUIT AGAINST @B1 ️ The ENF is preparing a suit against B1 for failure to follow through on its $1B commitment ️ B1 is attempting to settle a separate lawsuit for $22M. You may need to opt out to be eligible to participate in the ENF’s lawsuit pic.twitter.com/uMnUVyRu4M — Yves La Rose (@BigBeardSamurai) July 26, 2023 ENF is a not-for-profit organization that is responsible for the growth and deve...

Judge Analisa Torres of the US District Court rules XRP is not a security, sparking community debate on implications for the Binance lawsuit. In court, the judge denied the SEC’s request for summary judgment regarding programmatic sales of XRP and sales by confident leaders of the company. You might also like: XRP is not a security, US judge rules This ruling implies that XRP is not considered a security when sold to the general public. The verdict has created a mixed response, with the majority of the crypto community interpreting it positively, likely because they are primarily retail investors focused on the non-security aspect of the ruling. A huge win today – as a matter of law – XRP is not a security. Also a matter of law – sales on exchanges are not securities. Sales by executives are not securities. Other XRP distributions – to developers, to charities, to employees are not securities. — Stuart Alderoty (@s_alderoty) July 13, 2023 John E....