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After Ripple made a transfer of 150 million XRP to an unknown wallet, the price of the cryptocurrency involved has soared over 12%, and rumors have surfaced that the blockchain company could be nearing its settlement of the case with the United States Securities and Exchange Commission (SEC). Indeed, the Ripple team has transferred 150 million XRP to an unknown crypto wallet, which some have suggested might have to do with the upcoming SEC meeting at the Commission’s headquarters in Washington DC on July 18, which will discuss settlements and litigation resolutions. XRP VS SEC settlement. Keep your eyes on July 18th, 2024. pic.twitter.com/9lwbbj4wMa — Elon Musk ( Parody ) (@argosaki) July 14, 2024 As a result of these rumors and due to the hopes of the crypto community that the settlement in the long-running courtroom standoff concerning the sales of XRP to institutional buyers might be near, the price of XRP has increased nearly 40% on its weekly chart, a...

Gitcoin’s project lead said the snafu has resulted in nearly half a million in funds being forever locked in a one-way contract address. Crypto developer platform Gitcoin has admitted to losing approximately $460,000 of Gitcoin (GTC) tokens after mistakenly sending the funds to an unrecoverable contract address . On Oct. 6, project lead “CoachJonathan” posted details of the incident on the Gitcoin governance forum. He said the transfer of GTC from the treasury was intended for a merchandise, memes, and marketing budget proposal. However, rather than going to a multisignature address , it instead went to a GTC token contract instead. “This has rendered the funds stuck in the contract, with no way of recovering them,” he lamented. A total of 521,440 GTC tokens were lost in the snafu. The coin was trading at just below $0.90 at the time, making the dollar loss an estimated $461,000. Following the transfer, Gitcoin core developers were contacted to explore whether the contract has a wit...