SEC Addresses Final Court Ruling in Ripple Case, Highlights Key Outcomes

August 11, 2024 Bitcoin.com

bitcoin.com

The U.S. Securities and Exchange Commission (SEC) has addressed District Judge Analisa Torres’ ruling in the Ripple case over XRP, emphasizing the substantial financial penalties imposed on the crypto firm and its ongoing securities law violations. While Ripple celebrated the 94% reduced fine, the regulator underscored that the court acknowledged Ripple’s securities violations. SEC Reacts […]

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XRP Skyrockets by 27% in 24 Hours After Judge Orders Ripple To Pay $125,000,000 in SEC Lawsuit

August 9, 2024 The Daily Hodl

XRP Skyrockets by 27% in 24 Hours After Judge Orders Ripple To Pay 5,000,000 in SEC Lawsuit

crypto

XRP surged by more than 27% in the 24 hours after a judge issued a long-awaited order in the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs. In an order filed on Wednesday, District Judge Analisa Torres imposed a $125 million civil penalty against the San Francisco-based payments company. In March, the SEC […]

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Price analysis 8/9: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

August 9, 2024 Coin Telegraph

Avalanche

Buyers are struggling to build upon Bitcoin’s sharp recovery on Aug. 8, indicating that the bears remain active at higher levels.

Bitcoin (BTC) is close to completing a death cross, where the 50-day simple moving average (SMA) falls below the 200-day SMA. Although the death cross is believed to be bearish, analyst Timothy Peterson said in a post on X that Bitcoin has recorded a median return of 18%, two months after the eight death cross occurrences since 2015.

Bitcoin whales also seem to be sensing a bullish outlook. Whales with total holdings between 10 and 1,000 Bitcoin aggressively purchased on Aug. 5 and Aug. 6. However, the same cannot be said for the spot Bitcoin exchange-traded funds buyers who sold during those two days, resulting in a net outflow, per Farside Investors data.

The panic selling and the subsequent recovery in Bitcoin in the past few days suggest that the bulls and the bears are battling it out for supremacy. The price action is likely to remain volatile in the near term until a new directional move begins.

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Crypto Analyst Says Top-10 Altcoin Primed To Explode by at Least 450%, Updates Outlook on Bitcoin and Ethereum

August 9, 2024 The Daily Hodl

Altcoins

A widely followed crypto analyst is expressing bullish sentiment on a large-cap altcoin while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). In a new thread, pseudonymous crypto trader Credible Crypto tells his 408,700 followers on the social media platform X that XRP, the token used to operate Ripple Labs’ payments platform, is due […]

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Following Court Ruling, XRP Price Skyrockets as South Korea Leads the Charge

August 9, 2024 Bitcoin.com

bitcoin.com

On Aug. 8, following the imposition of a $125 million civil penalty on Ripple Labs by a district judge, the firm’s executives and community celebrated the outcome as a “victory.” This led to an uptick in XRP’s trading volume and price. In the 24 hours leading up to the ruling, XRP rose from $0.4933 to […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Trader Says Stellar (XLM) Rival Primed To Surge Against Bitcoin, Outlines Path Forward for Dogecoin and Ethereum

August 8, 2024 The Daily Hodl

Altcoins

A widely followed crypto analyst says that one rival of global payments network Stellar (XLM) is primed to skyrocket against Bitcoin (BTC). In a new strategy session, pseudonymous crypto trader Kaleo tells his 643,500 followers on the social media platform X that XRP, the native token of the XRP Ledger, is on the cusp of […]

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Bitcoin Smashes $59,800 as $212M in Liquidations Rattle Traders

August 8, 2024 Bitcoin.com

Bitcoin

The crypto economy experienced a 5.6% boost over the past 24 hours, reaching $2.07 trillion by Thursday. Bitcoin has soared past the $59,800 mark, while ethereum has exceeded $2,500 per coin. This rapid climb on Aug. 8 resulted in $212.59 million in derivatives liquidations across the entire crypto market within the last day. Crypto Economy […]

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SEC vs. Ripple lawsuit nears conclusion after $125 million fine imposition

August 8, 2024 The Crypto Briefing

SEC vs. Ripple lawsuit nears conclusion after 5 million fine imposition

Crypto Briefing

The resolution of the SEC vs. Ripple case could set a precedent for future regulatory actions in the cryptocurrency industry.

The post SEC vs. Ripple lawsuit nears conclusion after $125 million fine imposition appeared first on Crypto Briefing.

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Ripple and DIFC Partner to Drive Blockchain and Crypto Adoption in UAE

August 8, 2024 Bitcoin.com

bitcoin.com

Ripple has unveiled its plan to partner with the Dubai International Financial Centre (DIFC) Innovation Hub to promote blockchain and crypto adoption in the UAE. The collaboration seeks to encourage innovation among early-stage companies and large institutions. Ripple has dedicated one billion XRP to provide financial, technical, and business support to developers on the XRP […]

Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Ripple Hails Victory as Judge Cuts SEC’s Penalty Request by 94% in Final Judgment of XRP Case

August 7, 2024 Bitcoin.com

bitcoin.com

District Judge Analisa Torres has cut the penalty requested by the U.S. Securities and Exchange Commission (SEC) in the case against Ripple Labs over XRP by 94%. The court partially granted the SEC’s motion for remedies against Ripple, imposing a $125 million civil penalty. “This is a victory for Ripple, the industry, and the rule […]

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