Big week in crypto!
In an important legal case, Ripple Labs achieved a significant win in a ruling issued by a judge last week. The court determined that Ripple’s XRP token is not classified as a security when it is sold on exchanges. However, the ruling also stated that XRP can be considered a security when it is sold to institutional investors, meeting the criteria outlined in the Howey Test.
This legal victory is a crucial step for Ripple (and the crypto space in general) in their ongoing battle with the Securities and Exchange Commission (SEC). The SEC had sought to impose additional regulations on the XRP token, arguing that it should be classified as a security. The ruling provides clarity on the classification of XRP, highlighting the complex nature of token regulation in the cryptocurrency industry.
On a similar note, it is worth mentioning that Safe Haven’s SHA token, when evaluated in correlation with the U.S. Supreme Court’s decision within SEC v. W.J. Howey Co., does not meet the criteria that would designate it as a security either. Instead, SHA is positioned as a utility token that primarily functions within the Safe Haven ecosystem, providing users with access to various products, services and functionalities.
As we continue our commitment to building an ecosystem with innovative solutions and SHA utility, we also remain dedicated to empowering individuals and businesses in safeguarding their own digital assets.
That said, let’s delve into the latest progress and updates across our key projects. 👇
Comet 2.0: Nearing Last Internal Testing Round and Audit
We are now close to commencing the final round of internal testing!
The constructive input provided by everyone involved has been instrumental in refining the wallet and ensuring its smooth operation. As we approach the end of this month, we eagerly anticipate initiating the security audit process.
This vital step will ensure that Comet 2.0 meets the highest standards of quality, security and performance. We understand how important it is to deliver a reliable and robust wallet, and your patience and support during the development phase is greatly appreciated!
Keep an eye on our socials for further updates as we progress towards the official launch of Comet 2.0. We are committed to providing you with a great user experience to manage your digital assets.
Inheriti® 2.0: Advancements in Authentication and UX
Exciting developments are unfolding for Inheriti 2.0, our decentralized digital inheritance and backup solution. Our developers are actively working on the authentication process, implementing advanced techniques to ensure secure access to your Inheriti® account and protected data.
We are also integrating an improved version of safeID, our proprietary Single Sign-On (SSO) solution, to streamline the authentication experience and enhance overall usability of our ecosystem.
In parallel, our designer is crafting intuitive user flows for setting up protection plans and merging plan shares.
With compatibility for both SafeKey Pro and SafeKey Mobile, Inheriti 2.0 will provide a seamless and efficient experience for safeguarding your digital legacy and sensitive data.
We remain confident that we’ll bring you a user-centric solution that exceeds your expectations!
Safe Haven Quiz: We Have a Winner!
We would like to express our congratulations to all the participants of the Safe Haven Quiz! It was a fun event that showcased the exceptional knowledge and skills of our community members.
Among the remarkable participants, we would like to extend a special congratulations to our winner, Birkern. His outstanding performance throughout the quiz demonstrated his deep understanding of the Safe Haven ecosystem.
We really appreciate the engagement and support of our community in the quiz. Your active involvement contributes to the vibrant and dynamic nature of the Safe Haven community.
Stay tuned for future opportunities to demonstrate your expertise, win fantastic prizes, and further strengthen the bonds within our community!
Unveiling The Potential of Blockchain Tech with Copiosa
Our recent Twitter Space with Copiosa was an enlightening discussion on the immense potential of blockchain technology. During this session, participants had the opportunity to delve into the transformative power of blockchain across various industries.
We would like to express our gratitude to everyone who contributed their valuable insights and perspectives.
For those who missed the live session, the recording of the Space is now available 👇
Get ready for an engaging and informative Twitter Space with our special guest speaker, Andres, a renowned expert from Copiosa, and our very own Sam from Safe Haven’s Partnership Department as the host!
Mark your calendars for July 7th, 8PM CET! 🍿🎙https://t.co/gVULR3rXLy
— Safe Haven (SHA) (@SafeHavenio) July 5, 2023
Dive into the conversation and gain invaluable knowledge about the emerging trends, real-world applications, and the revolutionary impact of blockchain technology.
Reminder: SafeSwap Commission Program
Do you have a good suggestion for SafeSwap listing?
This first part of the Ambassador program is designed to reward our community members for their knowledge and effort in helping us identify new projects to be listed on SafeSwap.
To participate, simply reach out to us with a project that wants to go cross-chain with their native token and is on one of the four connected blockchains. If you are the first person to bring a project to our attention that leads to a paid listing, you will receive a commission of $300.
Detailed requirements for the projects, a short description of SafeSwap and the registration form can be found at https://safeswap.io/commission
Whether you are a node holder or not, this campaign is for all members of our community. We look forward to working with you to grow the SafeSwap ecosystem!
Join our Commission Program now and start earning commission!
SafeSwap Commission Program: https://safeswap.io/commission
SHA Top 5 BTC pair on KuCoin
Our foundation token, $SHA, has achieved recognition as one of the Top 5 assets on the BTC pair on KuCoin.
While it is important to note that we do not provide financial advice or promote trading assets, this recognition shows the growing recognition and support for $SHA within the crypto community.
#KuCoin scan results on 4h
— DYOR.net Crypto Screener (@DyorNetCrypto) July 8, 2023
Once again we want to thank all dedicated community members who have been actively tweeting and mentioning us everywhere with the cashtag $SHA!
You might not be aware of it, but that kind of support and engagement plays a significant role in spreading awareness about Safe Haven and strengthening our ecosystem’s presence.
Keep doing it! 💪
@SafeHavenio is a pearl ! The team works so hard! Every Friday there is an update!! People should definitely do research, because you can't miss this!💯🔥
— Brandon🇧🇪 (@CryptoBrakkeBE) July 14, 2023
— ⓋeⓢafetyDude (@TradingwithE) July 11, 2023
$VET is so much more than just supply chain
— ⓋeⓢafetyDude (@TradingwithE) July 11, 2023
— branchforger (@branchforger) July 11, 2023
Copiosa's team are reliable sets of people with well immersed experinces as their platform on all social media are responsive to any enquiries. Other verified tokens on copiosa's platform with deliberate use cases are $MTY, $SHA & $ZRX among others. App is available on playstore.
— Seyi Nniji (@seyinniji) July 10, 2023
You should have a look at $Sha, Great team, solid project/ use case. Under 3M market cap at the moment.
— Bacchus (@DericGau) July 9, 2023
— BadHombre⚡️ (@rugiter) July 6, 2023
— GemCrawler🏴☠️ (@gemCrawler) July 6, 2023
— JustInTimeMessenger (@JustInTimeMsngr) July 5, 2023
My top 3 crypto projects:$XRP – Needs no introduction.$VRA – Utilised in @verasitytech's @Vera_Views product, targeting multi million $ Ad Fraud problems.$SHA – Decentralised inheritance solutions from @SafeHavenio @Inheriti_com
— CryptoArsenal (@_CryptoArsenal) July 4, 2023
In summary, this week has provided significant insights into the legal landscape of the crypto industry, with the ruling on Ripple Labs’ XRP token classification. We have witnessed the complexities of token regulation and the implications it holds for the wider market.
We are excited about the progress and upcoming developments for Comet 2.0 and Inheriti 2.0. The final round of internal testing for Comet 2.0 is approaching, and we eagerly anticipate the upcoming security audit.
The Safe Haven Quiz and Twitter Space with Copiosa have brought our community together for engaging discussions and knowledge sharing. We appreciate the active participation of our community members in these events and we’ll make sure to host more of those in the future!
As always, we are grateful for your continued support and we’re looking forward to bringing you more exciting updates and developments over the next few weeks.
Stay tuned and enjoy some family time this weekend SHAman! 💜 🧙♂️
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