The latest appeal by the United States Securities and Exchange Commission against Ripple, does not challenge the court's ruling that states that XRP is not a security.
The court has already ruled that XRP is not a security and the SEC has appealed the ruling, however, it was not the main point of attack in the most recent appeal against Ripple.
On October 16, the SEC submitted appeal papers under Form C and filed a civil appeal against court’s judgment that was made in favor of the defendants.
XRP $0.5499 in the last week is down again.
James Filan, defense attorney for Ripple, defended critical appeals that were lodged on October 17 before the courts concerning the sales that took place through exchanges of Ripple’s XRP and the personal sale by the CEO Brad Garlinghouse and another founder Christ Larsen.
DBS rolls out blockchain-based banking for institutions
A new suite has been introduced by Singapore’s DBS Bank of blockchain-powered services for its institutional clients.
In an announcement sent to Cointelegraph, DBS introduced the “DBS Token Services,” which facilitate real-time payment settlements using the bank’s permissioned blockchain.
Permissioned blockchains are networks with an access control layer, restricting participant interactions to pre-approved levels of authority. Although they utilize distributed ledger technology, they are not entirely decentralized.
DBS also previously highlighted its Ethereum Virtual Machine (EVM)-compatible permissioned blockchain when it launched its blockchain-powered treasury tokens pilot on August 13.
World unveils new layer-2 network 'World Chain’
Rebranding itself from Worldcoin, the ‘proof-of-humanity’ venture created by Sam Altman called World has begun introducing a layer-2 Ethereum blockchain which it has named World Chain.
In a statement issued on October 17, World announced that 15 million people who have registered for their “World ID” by scanning their iris can now use the network.
The firm has created World Chain with the aim of increasing the efficiency and adding new features for the users of its Worldcoin token in WLD as the company seeks to ramp up its onboarding activities.
World stated that its new blockchain will consider Human verified users on the World IDs to be more important than bots, as ‘True Human’ will be able to buy Block Space and also be given free Gas for a time.
Also, World claimed that its blockchain will include a number of promising applications and projects, including Optimism for interoperability, Uniswap for asset exchanges, Zerion for real-time APIs and Alchemy for developers and others.
