Welcome to the InfStones' August newsletter. This was a busy month filled with significant events and we're thrilled to keep you in the loop with our latest company updates.

Here's a rundown of the key happenings within our company and the industry:

InfStones Attends EthCC, The Biggest European Crypto Conference

InfStones recently marked an exciting presence at the Ethereum Community Conference (EthCC) in Paris, France. Represented by our amazing team members, Promit Barua and Kyle Krasicky, InfStones delved into advanced technologies and networked with key partners. With a variety of exhilarating networking events and cutting-edge discussions, our team left energized and hopeful for our continued presence at future ETHCC events. Don't miss out on the thrill next year, join us at ETHCC!

Read the full article here.

Trending News

Stride Liquid Staking Protocol Officially Joins Cosmos’ ICS

Stride, the leading liquid staking protocol on Cosmos, has officially integrated Interchain Security following a 97% approval from the Cosmos Hub governance community. This makes Stride the second blockchain in the Cosmos ecosystem to adopt this security measure, succeeding Neutron. The integration shifts block production responsibilities from Stride's validators to the Cosmos Hub, allowing Stride's blockchain to transition from using staked STRD tokens for security to staked ATOM. Despite the integration, Stride maintains its sovereignty, with governance still under the STRD token. Core features, including liquid staking and inter-blockchain communication protocol, remain intact.

Larry Fink Warms Up to Bitcoin, Echoes Digital Gold Sentiment

BlackRock CEO, Larry Fink, is shifting his stance on Bitcoin, now viewing it as a digital equivalent of gold. Despite initial reservations due to Bitcoin's links to illicit activities, Fink acknowledges its potential as an inflation hedge. He also sees the proposed spot Bitcoin exchange-traded fund (ETF) as a tool to democratize crypto by reducing Bitcoin's high transaction costs. While firms like BlackRock and Fidelity show interest in launching a spot ETF, the Securities and Exchange Commission remains hesitant. Bitcoin's value has surged 15% over the past month, crossing the $30,000 mark, partially fueled by this interest, despite BlackRock's stock underperforming against the S&P 500.

Ripple's Legal Victory Could Set Precedent for Crypto Firm

In a landmark ruling for the crypto industry, U.S. District Judge Analisa Torres has cleared Ripple Labs of violating federal securities law with its XRP token sales on public exchanges, triggering a 75% surge in XRP's value. Despite this, the SEC did secure a minor win as the judge deemed Ripple's $728.9 million XRP sales to sophisticated investors as unregistered securities sales. Following the ruling, Coinbase announced the resumption of XRP trading. This case outcome could set a legal precedent for other crypto firms in disputes with the SEC over jurisdiction, sparking renewed calls for legislation to clarify rules for tokens.