CRYPTO NEWS

Inery Token Set to be Listed by Huobi Global on September 28th, 2022

Inery Token Set to be Listed by Huobi Global on September 28th, 2022

According to the decentralised data system, the official listing of Inery’s token on Huobi Exchange is scheduled to go live on September 28, 2022. One of the top cryptocurrency exchanges in the world, Huobi Exchange, supports more than 600 cryptocurrencies and over 1000 trading pairs.

Inery streamlines the transition to the decentralized web while taking a different approach to decentralizing data and data management for both Web2 and Web3 businesses.

Dr. Naveen Singh, Inery co-founder and CEO, stated: “We are pleased to have Huobi Exchange on board with us. Listing Inery token plays an integral role in our roadmap; and with Huobi’s support, we can bring Inery’s vision to the markets and onboard more people in our mission to reshape the world through the paradigm shift in data management.”

The Inery ecosystem supports decentralized data management by fusing distributed database characteristics like high performance, low network latency, and complex query functions with blockchain functionalities like immutability, security, and owner-controlled data assets. The native token of the network, $INR, is used to power and secure the ecosystem.

The official listing pair for Inery when it lists on the Huobi exchange will be INR/Tether (USDT). This trading pair will open for trading on September 28 at 13:00 UTC.

As we move closer to the Web3 revolution, the project’s strategy is to ensure that data management and storage are not restricted to walled gardens and that users are given back control.

Huobi supports cutting-edge initiatives that empower users in the cryptocurrency and blockchain industries and integrate technology with other industries, which is why the $INR token’s initial listing will take place on Huobi Exchange.

Ripple Defendants File Motion to Block SEC From Delaying its Response to Amici Curiae Briefs

In another twist of the legal tussle between the U.S. Securities and Exchange Commission (SEC) and Ripple, the U.S. blockchain company has filed a motion objecting to the SEC’s suggestion that it will need more time or pages to respond to briefs submitted by amici curiae.  The latest dispute is arising from a motion filed::Listen

SEC Clinches Victory Judge Orders Ripple To Produce Video And Audio Recordings Of Its Internal Meetings

In another twist of the legal tussle between the U.S. Securities and Exchange Commission (SEC) and Ripple, the U.S. blockchain company has filed a motion objecting to the SEC’s suggestion that it will need more time or pages to respond to briefs submitted by amici curiae. 

The latest dispute is arising from a motion filed last week by the Chamber of Digital Commerce, which has been granted friend of the court – amicus curiae – status. In its response to the court, the SEC said it would need more time and pages to file a response if any other amici curiae are allowed to file briefs.

As highlighted on Twitter by attorney James K. Filan, a legal practitioner avidly following the proceedings of the case, the latest motion submitted on behalf of the Ripple defendants, Ripple CEO Brad Garlinghouse and co-founder Chris Larsen, states that the SEC’s suggestion is another attempt to delay the resolution of the case.

Citing case histories, the defendants argue in their motion that courts do not usually grant additional time and pages for parties to respond to amici briefs, and so the presiding judge should also reject the SEC’s suggestion. It added that should the SEC be entertained in its requests; the change should also apply to Ripple.

“To the extent the SEC suggests that any extension or additional pages should be granted to the SEC alone, Defendants strongly object to that suggestion as improper. No change is required, but should the Court grant any change to its briefing order, it should apply equally to both sides,” the motion said.

Ripple further noted that it is not surprising that many third parties seek to submit briefs in the case. This is because it considers it to have been long apparent that the SEC’s “novel and overbroad theory threatens an unwarranted expansion of its regulatory authority beyond what Congress permitted.” 

How soon could there be a resolution of the SEC vs Ripple case?

The latest turn in the case comes after Ripple and the SEC had filed motions for the case to proceed to summary judgment. The motions filings, which got the hopes of the XRP community up, suggested that neither party was seeking for the case to move to a full trial.

However, the case, which began in December 2020, is yet to have a date of resolution as both the SEC and Ripple have held onto their arguments – the SEC saying XRP is a security while Ripple maintains that it is not.

In a recent development reported by Bloomberg, Ripple has even filed a motion in the Federal court in Manhattan seeking to throw the case out of court on the grounds that XRP holders have no contracts or rights with the blockchain company Ripple.

Inery Token Set to be Listed by Huobi Global on September 28th, 2022

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