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Grayscale Investments is intensifying its efforts to steady approval from the Securities and Exchange Commission (SEC) for its Grayscale Bitcoin Trust’s transformation into a gap bitcoin exchange-traded fund (ETF). In a considerable development, Grayscale recently engaged in discussions with officials from the SEC’s Department of Trading and Markets.

NY Stock Exchange Proposal Takes Center Stage

The assembly focused on the proposed rule exchange by way of NYSE Arca, to list and trade shares of the Grayscale Bitcoin Trust (BTC) underneath NYSE Arca Rule 8.201-E. The memorandum, published via the SEC, sheds light on the ongoing efforts through Grayscale to navigate capability listing topics related to the ETF conversion.

Grayscale’s proactive technique is underscored by using a current criminal mandate from a D.C. Circuit court, directing the SEC to re-review the firm’s software. Last month, Grayscale filed a new registration announcement with the SEC in its latest attempt to pass forward with the conversion of its trust product into a gap bitcoin ETF.

Strategic Partnership with BNY Mellon Signals Progress

In an extraordinary improvement, Grayscale and the Bank of New York Mellon (BNY Mellon) entered into a settlement designating BNY Mellon as the switch agent for stocks of the belief. Grayscale aims to list the stocks on NYSE Arca below the image GBTC in addition to solidifying its strategic actions in preparation for regulatory approval.

Industry Giants BlackRock and Fidelity Also Eyeing SEC Approval

Grayscale isn’t on my own in the pursuit of a niche bitcoin ETF, with principal asset managers together with BlackRock and Fidelity also searching for approval from the SEC. Gary Gensler showed last month that the regulator is actively reviewing these filings, marking a broader enterprise fashion towards embracing spot bitcoin ETFs.

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Bitcoin options trading on Deribit has reached unprecedented levels, with notional open interest peaking at a record $15 billion last week. Traders are increasingly seeking bullish exposure as the market matures, reflecting a notable shift in trading dynamics.

Record-Breaking Momentum on Deribit

Last Friday witnessed a remarkable surge in notional open interest for Bitcoin (BTC) options on Deribit, soaring to an all-time high of $15 billion. This milestone, a testament to the growing popularity of BTC options, signifies a more than twofold increase since late September. Although slightly retraced to $13.8 billion at present, the figure underscores the substantial demand for strategic trading tools.

Deribit stands as the preeminent crypto options exchange, commanding nearly 87% of the global crypto options open interest, which presently totals $25 billion. The exchange’s Chief Commercial Officer, Luuk Strijers, expressed excitement about achieving this ATH, emphasizing the escalating preference for options as a strategic asset among traders.

Options Surpassing Futures

In a noteworthy trend, the BTC options market has surpassed the BTC futures market, marking a milestone in market sophistication. Options contracts provide traders with the right to buy or sell an asset, presenting a dynamic approach to navigate volatile markets. The surge in BTC’s value since October, reaching $38,000 from $25,000, has spurred traders to actively pursue bullish exposure through call options.

Amid this surge, Paradigm, an institutional cryptocurrency trading network, notes a persistently bullish options flow. Large volumes of outright calls are being purchased for both BTC and ETH, while call spreads on BTC are being rolled to higher levels. This reflects a prevailing sentiment favoring positive price movements.

Market Dynamics and Strategic Moves

Market participants have been drawn to BTC options for various reasons, including optimism surrounding an impending spot bitcoin ETF approval and broader macroeconomic developments. Notable strategic moves include large block trades for December expiry calls at $40,000 and January expiry calls at $50,000. Additionally, a trader engaged in a volatility-selling strategy, selling a straddle for a premium of $2.8 million.

While Bitcoin options steal the spotlight, the notional open interest in Ethereum (ETH) options has seen a notable uptick, reaching $6.83 billion. Although below the September 2022 peak of nearly $8 billion, this indicates a growing interest in options trading for Ethereum.

The surge in options trading on Deribit reflects a maturing market where traders increasingly leverage these sophisticated financial instruments for strategic positioning, hedging, and capitalizing on heightened volatility. As the crypto landscape evolves, options trading is set to play an integral role in shaping market dynamics.

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Crypto Market

The cryptocurrency market faced a downturn as investors exercised caution following BlackRock‘s official filing for an Ethereum ETF. The market decline, initiated on November 16, contradicted expectations of a positive impact from the ETF news, leading to a sell-off in major cryptocurrencies.

Bitcoin and Ethereum Lead the Decline

Bitcoin witnessed a 2.66% drop, reaching $36,422.03, accompanied by a 9.21% decrease in trading volume to $25.59 billion. Despite recent declines, Bitcoin’s 30-day performance showed a growth of over 29%. Ethereum price slumped by 3.36%, trading at $1,984.11, with a 12.06% increase in the last 24-hour trading volume to $14.39 billion.

BNB price decreased by 3.18% to $244.22, while XRP saw a 4.80% decline, trading at $0.6206. Solana‘s price plummeted by 10.48% to $58.62. Dogecoin, however, stood out with a 6.48% increase, reaching $0.08161, and a notable surge in trading volume by 224.27% to $1.73 billion. In contrast, Shiba Inu experienced a 1.61% drop to $0.000008615.

The global cryptocurrency market cap declined by 2.48% to $1.39 trillion, with a 3.25% increase in the overall market volume to $71.17 billion. The fear and greed index stood at 71, indicating a prevailing sentiment of greed in the market.

Top Cryptos Performance

Pepe Coin Chart

Pepe Coin Plunges 7%: The meme coin, Pepe Coin, witnessed a 6.79% decline, trading at $0.000001174, with a 10% decrease in trading volume to $134.53 million.

yearn.finance Chart

Yearn.finance (YFI) Adds 9%: Despite the market downturn, YFI showed resilience with a 9.01% increase, reaching $13,960.93, and a notable surge in trading volume by 48.96% to $379.43 million.

Kaspa Chart

Kaspa (KAS) Soars Over 11%: Kaspa crypto surged by 11.07%, reaching $0.1308, accompanied by a 74.26% rise in trading volume to $276.97 million. Over the last 30 days, Kaspa has gained nearly 190%.

Mantle Chart 

Mantle (MNT) Jumps 11%: Mantle crypto emerged as a top gainer with a 10.78% increase, trading at $0.5092, and a 79.27% surge in trading volume to $135.40 million. Over the last 30 days, Mantle has added almost 55%.

The crypto market experienced a mixed performance, with declines in major cryptocurrencies and notable gains in select altcoins.

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Canaan

Bitcoin miners are seizing the opportunity presented by the recent surge in cryptocurrency prices. The sector, once in a slump, is now witnessing a revival as companies race to capitalize on profits before the impending “halving” event in April 2024.

Halving and Urgency Among Miners

The upcoming halving, designed to reduce the rate of Bitcoin production by cutting rewards in half, is prompting a sense of urgency among miners. Analysts note a heightened activity as mining companies strive to maximize gains before the impending reduction in token rewards.

The hashrate, indicating the computational power required for mining, has reached an all-time high, according to data from the crypto platform Blockchain.com. This surge in computational power signifies miners employing more energy and speed to solve complex mathematical puzzles and earn Bitcoin.

Bitcoin’s Resurgence and Mining Profitability

Bitcoin‘s recent price rally, a 37% increase over the past month to approximately $37,000, has revitalized mining profitability. The 30-day average revenue earned by miners reached an 18-month high of $32.46 million on November 11, as powerful computers are increasingly utilized to crack puzzles and generate new coins.

While mining profitability has improved compared to recent months, it still falls short of the lucrative conditions witnessed in 2021. Earnings from using 1 petahash per second of computing power have risen to over $81, but remain below the peak of $127 seen in May.

Preparing for the Halving Challenge

With the halving event just six months away, miners are strategizing to maintain margins in the competitive environment. Some are upgrading equipment and increasing hashrate power, while others are exploring relocating operations to Central American countries with more affordable energy prices and cryptocurrency-friendly governments.

Bitcoin prices have surged following halving events, prompting mining companies to position themselves for potential gains. As the industry faces evolving challenges, including a shift in operational geography, the profitability increase continues to drive network hashrate and difficulty higher, highlighting the dynamic nature of the crypto-verse.

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Natural language processing: state of the art, current trends and challenges Multimedia Tools and Applications

nlp analysis

Generally, word tokens are separated by blank spaces, and sentence tokens by stops. However, you can perform high-level tokenization for more complex structures, like words that often go together, otherwise known as collocations (e.g., New York). Basic NLP tasks include tokenization and parsing, lemmatization/stemming, part-of-speech tagging, language detection and identification of semantic relationships. If you ever diagramed sentences in grade school, you’ve done these tasks manually before. Text analytics is a type of natural language processing that turns text into data for analysis.

To construct a Stanford CoreNLP object from a given set of properties, use StanfordCoreNLP(Properties props). This method creates the pipeline using the annotators given in the “annotators” property (see above for an example setting). The complete list of accepted annotator names is listed in the first column of the table above. To parse an arbitrary text, use the annotate(Annotation document) method. The use of chatbots for customer care is on the rise, due to their ability to offer 24/7 assistance (speeding up response times), handle multiple queries simultaneously, and free up human agents from answering repetitive questions.

How can AWS help with your NLP tasks?

NLP drives computer programs that translate text from one language to another, respond to spoken commands, and summarize large volumes of text rapidly—even in real time. There’s a good chance you’ve interacted with NLP in the form of voice-operated GPS systems, digital assistants, speech-to-text dictation software, customer service chatbots, and other consumer conveniences. But NLP also plays a growing role in enterprise solutions that help streamline business operations, increase employee productivity, and simplify mission-critical business processes. Merity et al. [86] extended conventional word-level language models based on Quasi-Recurrent Neural Network and LSTM to handle the granularity at character and word level. They tuned the parameters for character-level modeling using Penn Treebank dataset and word-level modeling using WikiText-103.

This human-computer interaction enables real-world applications like automatic text summarization, sentiment analysis, topic extraction, named entity recognition, parts-of-speech tagging, relationship extraction, stemming, and more. NLP is commonly used for text mining, machine translation, and automated question answering. Its goal is to

make it very easy to apply a bunch of linguistic analysis tools to a piece

of text.

Languages

A sentence that is syntactically correct, however, is not always semantically correct. For example, “cows flow supremely” is grammatically valid (subject — verb — adverb) but it doesn’t make any sense. Natural language processing (NLP) is critical to fully and efficiently analyze text and speech data. It can work through the differences in dialects, slang, and grammatical irregularities typical in day-to-day conversations. If a user opens an online business chat to troubleshoot or ask a question, a computer responds in a manner that mimics a human.

nlp analysis

By knowing the structure of sentences, we can start trying to understand the meaning of sentences. We start off with the meaning of words being vectors but we can also do this with whole phrases and sentences, where the meaning is also represented as vectors. And if we want to know the relationship of or between sentences, we train a neural network to make those decisions for us. With sentiment analysis we want to determine the attitude (i.e. the sentiment) of a speaker or writer with respect to a document, interaction or event.

White-box attacks are difficult to adapt to the text world as they typically require computing gradients with respect to the input, which would be discrete in the text case. One option is to compute gradients with respect to the input word embeddings, and perturb the embeddings. Since this may result in a vector that does not correspond to any word, one could search for the closest word embedding in a given dictionary (Papernot et al., 2016b); Cheng et al. (2018) extended this idea to seq2seq models. Others computed gradients with respect to input word embeddings to identify and rank words to be modified (Samanta and Mehta, 2017; Liang et al., 2018).

Fusion of the word2vec word embedding model and cluster analysis for the communication of music intangible cultural … – Nature.com

Fusion of the word2vec word embedding model and cluster analysis for the communication of music intangible cultural ….

Posted: Wed, 20 Dec 2023 08:00:00 GMT [source]

Companies are increasingly using NLP-equipped tools to gain insights from data and to automate routine tasks. It is a complex system, although little children can learn it pretty quickly. This process identifies unique names for people, places, events, companies, and more. NLP software uses named-entity recognition to determine the relationship between different entities in a sentence. Pragmatism describes the interpretation of language’s intended meaning.

SAS analytics solutions transform data into intelligence, inspiring customers around the world to make bold new discoveries that drive progress. But a computer’s native language – known as machine code or machine language – is largely incomprehensible to most people. At your device’s lowest levels, communication occurs not with words but through millions of zeros and ones that produce logical actions. Also, SUTime now sets the TimexAnnotation key to an

edu.stanford.nlp.time.Timex object, which contains the complete list of

TIMEX3 fields for the corresponding expressions, such as “val”, “alt_val”,

“type”, “tid”. This might be useful to developers interested in recovering

complete TIMEX3 expressions.

nlp analysis

But once it learns the semantic relations and inferences of the question, it will be able to automatically perform the filtering and formulation necessary to provide an intelligible answer, rather than simply showing you data. Natural Language Processing (NLP) is a field of Artificial Intelligence (AI) that makes human language intelligible to machines. Working in natural language processing (NLP) typically involves using computational techniques to analyze and understand human language.

Text Summarization Approaches for NLP – Practical Guide with Generative Examples

Pragmatic analysis attempts to derive the intended—not literal—meaning of language. For instance, the sentence “Dave wrote the paper” passes a syntactic analysis check because it’s grammatically correct. Conversely, a syntactic analysis categorizes a sentence like “Dave do jumps” as syntactically incorrect. The best NLP solutions follow 5 NLP processing steps to analyze written and spoken language. Understand these NLP steps to use NLP in your text and voice applications effectively. Some reported whether a human can classify the adversarial example correctly (Yang et al., 2018), but this does not indicate how perceptible the changes are.

nlp analysis

Basically, they allow developers and businesses to create a software that understands human language. Due to the complicated nature of human language, NLP can be difficult to learn and implement correctly. However, with the knowledge gained from this article, you will be better equipped to use NLP successfully, no matter your use case. Recruiters nlp analysis and HR personnel can use natural language processing to sift through hundreds of resumes, picking out promising candidates based on keywords, education, skills and other criteria. In addition, NLP’s data analysis capabilities are ideal for reviewing employee surveys and quickly determining how employees feel about the workplace.

Most of the time you’ll be exposed to natural language processing without even realizing it. Natural Language Processing (NLP) is the part of AI that studies how machines interact with human language. NLP works behind the scenes to enhance tools we use every day, like chatbots, spell-checkers, or language translators. Maybe you want to send out a survey to find out how customers feel about your level of customer service. By analyzing open-ended responses to NPS surveys, you can determine which aspects of your customer service receive positive or negative feedback.

NLP understands written and spoken text like “Hey Siri, where is the nearest gas station? ” and transforms it into numbers, making it easy for machines to understand. Now, imagine all the English words in the vocabulary with all their different fixations at the end of them. To store them all would require a huge database containing many words that actually have the same meaning. Popular algorithms for stemming include the Porter stemming algorithm from 1979, which still works well. Syntax is the grammatical structure of the text, whereas semantics is the meaning being conveyed.

  • IBM has launched a new open-source toolkit, PrimeQA, to spur progress in multilingual question-answering systems to make it easier for anyone to quickly find information on the web.
  • We are also starting to see new trends in NLP, so we can expect NLP to revolutionize the way humans and technology collaborate in the near future and beyond.
  • SUTime is transparently called from the “ner” annotator,

    so no configuration is necessary.

  • It offers pre-trained models and tools for a wide range of NLP tasks, including text classification, named entity recognition, and coreference resolution.

The possibility of translating text and speech to different languages has always been one of the main interests in the NLP field. From the first attempts to translate text from Russian to English in the 1950s to state-of-the-art deep learning neural systems, machine translation (MT) has seen significant improvements but still presents challenges. To fully comprehend human language, data scientists need to teach NLP tools to look beyond definitions and word order, to understand context, word ambiguities, and other complex concepts connected to messages. But, they also need to consider other aspects, like culture, background, and gender, when fine-tuning natural language processing models. Sarcasm and humor, for example, can vary greatly from one country to the next. Text classification is the process of understanding the meaning of unstructured text and organizing it into predefined categories (tags).

nlp analysis

Natural language processing (NLP) is an area of computer science and artificial intelligence concerned with the interaction between computers and humans in natural language. The ultimate goal of NLP is to help computers understand language as well as we do. It is the driving force behind things like virtual assistants, speech recognition, sentiment analysis, automatic text summarization, machine translation and much more. In this post, we’ll cover the basics of natural language processing, dive into some of its techniques and also learn how NLP has benefited from recent advances in deep learning. Natural language processing (NLP) is an interdisciplinary subfield of computer science and linguistics. It is primarily concerned with giving computers the ability to support and manipulate human language.

This technology works on the speech provided by the user breaks it down for proper understanding and processes it accordingly. This is a very recent and effective approach due to which it has a really high demand in today’s market. Natural Language Processing is an upcoming field where already many transitions such as compatibility with smart devices, and interactive talks with a human have been made possible. Knowledge representation, logical reasoning, and constraint satisfaction were the emphasis of AI applications in NLP. In the last decade, a significant change in NLP research has resulted in the widespread use of statistical approaches such as machine learning and data mining on a massive scale.

nlp analysis

This survey attempted to review and summarize as much of the current research as possible, while organizing it along several prominent themes. We have emphasized aspects in analysis that are specific to language—namely, what linguistic information is captured in neural networks, which phenomena they are successful at capturing, and where they fail. Many of the analysis methods are general techniques from the larger machine learning community, such as visualization via saliency measures or evaluation by adversarial examples. But even those sometimes require non-trivial adaptations to work with text input. Some methods are more specific to the field, but may prove useful in other domains.

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australia

In a pivotal move, the United States Securities and Exchange Commission (SEC) may greenlight all 12 pending spot Bitcoin exchange-traded fund (ETF) applications within the next eight days. Bloomberg ETF analysts James Seyffart and Eric Balchunas highlight a unique opportunity for approval, starting from November 9 and extending until November 17.

The SEC’s decision window arises from the extension of the deadline for several spot Bitcoin ETF filings, culminating in November 8 as the last day for comments. Notably, this brief period could mark a groundbreaking moment for the crypto space, including Grayscale’s potential conversion of its GBTC trust product.

In a post on X (formerly Twitter), Seyffart revealed that the SEC issued delay orders simultaneously for major players such as BlackRock, Bitwise, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie. This strategic move aligns with the belief that the SEC might usher in all 12 filers to launch, following Grayscale’s recent court victory.

Nine of the pending spot Bitcoin ETF applications could technically be approved anytime before Jan. 10. Source: James Seyffart

The looming decision could have a significant impact on the market, with Grayscale reportedly engaging in discussions with the SEC about converting its trust product GBTC into a spot Bitcoin ETF. Sources familiar with the matter suggest ongoing dialogue between Grayscale and the SEC’s Division of Trading and Markets, as well as the Division of Corporation Finance.

Crypto enthusiasts are optimistic about the potential approval’s ripple effect on the market. Over the last three months, Bitcoin has surged by over 30%, propelling other major assets like Solana (SOL), Ripple (XRP), and Ether (ETH) to notable gains. While some foresee the approval sparking the next bull market, skeptics question the rally’s sustainability.

As the crypto community eagerly anticipates the SEC’s decision, the market remains on the edge, with potential approval seen as a catalyst for further growth. Analysts Seyffart and Balchunas project a 90% chance of approval before January 10, 2024, injecting a sense of optimism into the evolving landscape of cryptocurrency investments.

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In the dynamic landscape of decentralized finance (DeFi), OpenOcean stands out as a leading Web3 DEX aggregator. Founded in 2019, OpenOcean has garnered significant recognition for its innovative approach to decentralized exchange (DEX) aggregation, offering users a seamless and efficient trading experience. This comprehensive review delves into the intricacies of OpenOcean, exploring its unique features, current updates, and overall impact on the DeFi ecosystem.

Unveiling OpenOcean’s Unique Value Proposition

OpenOcean distinguishes itself from other DEX aggregators by prioritizing user experience and decentralization. Unlike traditional aggregators that rely on a centralized order book, OpenOcean employs a unique meta-aggregator model that seamlessly aggregates liquidity from various DEXs, including Uniswap, SushiSwap, and PancakeSwap. This approach ensures that users are always presented with the best possible trading rates, regardless of the underlying DEX.

Key Features that Empower Traders

OpenOcean’s user-centric design is evident in its array of features that empower traders and enhance their trading experience. These features include:

  • Smart Routing: OpenOcean’s intelligent smart routing algorithm automatically identifies the most optimal trading path across multiple DEXs, ensuring users receive the best possible rates for their trades.
  • Aggregation of Liquidity: OpenOcean aggregates liquidity from a vast network of DEXs, providing users with access to a vast pool of trading pairs and ensuring ample liquidity for their trades.
  • Real-Time Trading Analytics: OpenOcean provides users with real-time trading analytics, allowing them to make informed decisions based on historical and current market trends.
  • Gasless Swaps: OpenOcean enables gasless swaps for certain tokens, eliminating the need for users to hold native gas tokens for transaction fees.

Current Updates: OpenOcean’s Continuous Evolution

OpenOcean is committed to continuous innovation and regularly introduces updates to enhance its platform and user experience. Some of the most recent updates include:

  • Integration of Layer 2 Networks: OpenOcean has integrated support for Layer 2 networks, such as Arbitrum and Optimism, enabling faster and more cost-effective trades.
  • Support for New Assets and Networks: OpenOcean is constantly expanding its support for new assets and networks, ensuring users can trade a wide range of tokens across various blockchains.
  • Enhanced Security Measures: OpenOcean prioritizes security and has implemented robust measures to protect user funds and assets.

OpenOcean’s Impact on the DeFi Ecosystem

OpenOcean has made significant contributions to the DeFi ecosystem by fostering decentralization, enhancing user experience, and promoting accessibility. Its innovative approach to DEX aggregation has set a new standard for the industry, and its commitment to continuous improvement has solidified its position as a leading player in the DeFi landscape.

Conclusion

OpenOcean has emerged as a leading Web3 DEX aggregator, offering users a seamless, efficient, and secure trading experience. Its unique meta-aggregator model, coupled with its array of user-centric features, has positioned OpenOcean as a driving force in the DeFi ecosystem. As OpenOcean continues to innovate and expand its offerings, it is poised to play an even more prominent role in shaping the future of decentralized finance.

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Amidst the fervor surrounding the potential launch of a spot Bitcoin exchange-traded fund (ETF), Yat Siu, Founder and CEO of Animoca Brands, has noted a notable upswing in the popularity of blockchain games. Siu, speaking at Hong Kong Fintech Week, asserts that the surge in cryptocurrency prices has rekindled investor confidence in the Web3 gaming market and catalyzed increased on-chain activity within the gaming sector.

Siu stresses that the value of tokens plays a pivotal role in bolstering user confidence and utility. It goes beyond the mere accumulation of wealth; it fosters a sense of trust in the assets owned.

While evaluating investor confidence can be multifaceted, Siu maintains that assessing growth and conviction in the GameFi sector necessitates a close examination of on-chain activity. Rather than fixating solely on token prices, he suggests a holistic approach, likening it to analyzing various aspects of a country’s economy.

Data corroborates Siu’s insights. Over the past month, Axie Infinity, a blockchain-based game within Animoca’s portfolio, has witnessed a 50% surge in transaction activity and a 14% increase in trading volume, according to DappRadar data.

Axie Infinity transaction activity has increased steadily since its yearly low on July 2. Source: DappRadar

Siu further underscores that the crypto ecosystem remains intrinsically tied to Bitcoin’s growth, despite the unique attributes of individual offerings. Bitcoin continues to serve as the reserve currency of the Web3 realm, exerting a substantial influence on the overall crypto market’s value and dynamics.

Siu expresses confidence in the potential approval of a spot Bitcoin ETF, asserting that it would provide a significant boost to the entire industry, lending legitimacy and attracting fresh investments from traditional financial institutions. He envisions a future where the crypto sector will gradually reduce its reliance on Bitcoin, akin to the global shift away from the gold standard.

In closing, Siu acknowledges that Web3’s reach, despite surpassing $1 trillion in size, is still limited to a relatively small fraction of the world’s population. He believes that the sector’s evolution is a matter of maturity in the market, poised for growth alongside the global economy.

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According to a press release from the firm, Bitfinex had a “minor” information security breach where a hacker gained access to “partial, incomplete and stale information.” Customer service was purportedly targeted by a hacker or hackers who had “limited access to supporting tools and helpdesk tickets.”

The announcement states that user money were unaffected by the attack and that the hacker was unable to compromise any essential systems. Bitfinex claims that impacted individuals would receive notifications; nonetheless, the majority of impacted accounts were “empty or inactive.” The business adds that it intends to collaborate with law authorities to find the attacker.

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In an interview with the Securities and Exchange Commission (SEC), renowned cryptocurrency attorney John E. Deaton discussed his thoughts on Ripple Lab’s ongoing XRP litigation and stated that he thinks any settlement of $20 million or less will constitute a significant legal win for the business.

Deaton’s Viewpoint in the XRP Legal Case

Deaton recently expressed his strong disagreement with the idea that the litigation resulted in a 50-50 win for the SEC in a post on the social media site X, stating that the verdict was actually closer to 90-10 in Ripple’s favor. Deaton’s remarks are in reaction to a post that highlights yet another legal loss for the SEC and was made by Stuart Alderoty, Chief Legal Officer of Ripple.

“The people who’ve argued that the SEC got a 50-50 victory in the Ripple case are 100% wrong,” Deaton wrote in his piece. More like 90-10 was in Ripple’s advantage. Legally, Ripple is winning 99.9% of the cases if they pay $20 million or less.

Deaton’s viewpoint is in line with the general consensus in the cryptocurrency industry, which believes that Ripple would benefit from the proposed $20 million settlement given the possible ramifications of the XRP litigation and the regulatory environment that surrounds cryptocurrencies in general.

The story is furthered by Stuart Alderoty’s piece, in which he mentions that the SEC lost this week in order to keep their winning streak going. According to Alderoty, “the SEC cannot request a crippling disgorgement award in SEC v. Govil, as per the ruling of the 2d Circuit without first demonstrating that “investors” have experienced financial loss. Stated differently, no foul, no harm.

The Legal Battle of Ripple
In December 2020, Ripple Labs was sued by the SEC, claiming that the company had sold its native cryptocurrency, XRP, through an unregistered securities offering.

The lawsuit contended that Ripple ought to have registered its token sales with the SEC and that XRP ought to be categorized as a securities. The possibility of this case creating a precedent for digital asset regulation in the US caused tremors in the cryptocurrency market.

Judge Analisa Torres’ decision to uphold the asset’s status as a non-security when it was exchanged on a secondary market ultimately established the precedent. As the accusations against the Ripple executives were dismissed, the case also underwent a major change.

Regarding the SEC and Ripple’s request for a briefing schedule to discuss institutional sales of XRP—the part of the XRP litigation in which the company was found to have broken securities law—Judge Torres just authorized an order.

Judge Torres gave the parties until November 9 to turn in a unified briefing schedule.

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