The recent ruling in favor of XRP has dispelled any negative regulatory challenges it had been facing, resulting in a head-turning rally over nearly 100% in 24 hours. Enough people are now paying attention to Ripple’s cryptocurrency, that it’s starting to pull capital from Bitcoin and Ethereum. And according to the charts of the three
XRP
Bitcoin (BTC) remains stuck inside a narrow range, making it difficult to predict the direction of the next possible breakout. The United States dollar index (DXY), which generally moves in inverse correlation to Bitcoin, dropped below 100 but that has failed to propel Bitcoin higher. This suggests that Bitcoin is charting its own course in
The Ripple ruling has positioned John Reed Stark, the former director of the U.S. Securities and Exchange Commission Office of Internet Enforcement, as a prominent cautionary figure in the cryptocurrency industry. Though the SEC has generally been considered to have suffered by the judgment, Stark has expressed reservations about its stability and the likelihood of
A former federal prosecutor turned chief executive of a crypto-focused venture capital fund says she would be “surprised” if the United States securities regulator lodges an immediate appeal against the Ripple case ruling, as it currently benefits from lack of “legal clarity.” On July 13, Judge Torres granted a partial summary judgment in favor of
In the latest episode of Market Talks, show host and Cointelegraph head of markets Ray Salmond sat down with Polkadot ambassador and content creator KryptosChain to discuss the current state of the crypto market and drastic changes taking place in the Polkadot ecosystem. According to KryptosChain, the crypto market is possibly rounding the last corner of
Ripple CEO Brad Garlinghouse has stated that the recent federal court ruling has confirmed that XRP is “not a security”. The ruling provides the digital payments company with greater flexibility to pursue various business opportunities across the globe. Speaking on Bloomberg TV, Garlinghouse expressed relief that the company could now promote the various use cases
Cardano (ADA) experienced a remarkable price surge of 23.9% on July 13, leaving investors curious about the potential for further gains. This significant rally comes on the heels of a favorable judicial decision regarding XRP, leading many to question if ADA has what it takes to break above the $0.40 mark. Cardano 1-day price in
In a surprise victory in court, XRP has been declared “not a security.” The win immediately resulted in an abrupt change in sentiment surrounding altcoins. Although the ruling only impacted the Ripple case outcome, it could have a lasting influence on the rest of the space, and spark a sudden altcoin season seemingly out of
The key to gaining financial security and independence is to invest in passive income. Passive income is generated through investments that offer a consistent source of income with little continuing involvement, in contrast to active income, which necessitates constant effort and time. Passive income is especially valuable because it enables investors to amass wealth and
The impending ruling in the high-profile legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has played a pivotal role in reshaping the liquidity dynamics in the crypto market. In a recent update to their quarterly crypto liquidity ranking, research firm Kaiko has unveiled the significant changes that have occurred in the
Cryptocurrency scams have fallen a massive 77% from $3.3 billion to $1.1 billion over the first six months of 2023, according to a recent report by blockchain intelligence firm Chainalysis. The catch, though, is that ransom attacks are back in trend, with perpetrators pocketing 62.4% more revenue than the first six months of 2022. On
Bitcoin (BTC) bulls are again having a go at the overhead resistance of $31,000. The bullish sentiment may get a boost from the United States inflation report, which showed signs of slowing down. Economists were expecting the year-on-year consumer price index to rise 3.1% but the June print came in at 3%. The month-on-month increase
Ripple may be holding its breath a bit longer after a United States District Judge refused to rule on if the secondary sale of LBRY Credits (LBC) constitutes a security. On July 11, New Hampshire District Court Judge Paul Barbadoro made the ruling in the case the United States Securities and Exchange Commission (SEC) brought
In the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), anticipation has reached fever pitch as the community eagerly awaits a ruling. Already 931 days ago, the SEC filed its lawsuit against Ripple Labs and its executives Brad Garlinghouse and Chris Larsen. The last publicly visible action in the litigation occurred
Chinese president shills CBDCs On July 4, Xinhua News Agency, China’s state broadcaster, published a transcript of President Xi Jinping’s address to the Shanghai Cooperation Organisation Summit (SCO). The SCO is one of the world’s largest regional organizations for political, economic and security cooperation, and was established by China and Russia in 2001. During the
The possibility of introducing incentives on the XRP Ledger (XRPL) and the lack thereof have recently sparked lively discussions and confusion in the XRP community as well as among Ripple executives. While some developers have shown interest in exploring incentives on the XRPL, a misunderstanding has arisen regarding the intentions behind this proposal. Daniel Keller,
Top Stories This Week Larry Fink, the CEO of BlackRock, has recently delivered pro-crypto remarks, claiming “Bitcoin is an international asset” and suggesting U.S. regulators consider how an ETF directly linked to Bitcoin could democratize finance in the country. Under Fink, BlackRock has attempted to launch a spot BTC ETF with crypto exchange Coinbase acting
In a recent report by Bank of America titled “Breaking New Ground: Harnessing Payments Innovation in APAC,” the role of Ripple Labs in the payments space in the Asia-Pacific (APAC) region has been acknowledged by the Bank of America. The report highlights the significance of blockchain technology in digitizing trade documentation and the potential of
A pair of researchers from the University of Tsukuba in Japan recently built an AI-powered cryptocurrency portfolio management system that utilizes on-chain data for training, the first of its kind according to the scientists. Called CryptoRLPM, short for “Cryptocurrency reinforcement learning portfolio manager,” the AI system utilizes a training technique called “reinforcement learning” to implement
XRP, the native token of the XRPL protocol, has decreased its total supply. Over the past 30 days, roughly 247,016 XRP tokens have been permanently burned, reducing the total circulating supply. This trend was first highlighted by an anonymous Twitter account, sparking a wave of speculation within the XRP community. Neil Hartner, a senior staff
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