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XRP soars by 11% after Ripple score a huge win in its ongoing SEC case

XRP is the best performer amongst the top 10 cryptocurrencies by market cap today after rallying by more than 10%.

XRP, the native coin of the Ripple ecosystem, is the best performer amongst the top 10 cryptocurrencies by market cap on Friday. The rally comes after Ripple scored an important win in its ongoing case with the United States Securities and Exchange Commission (SEC).

The positive performance coincides with that of the broader cryptocurrency market. The total crypto market cap is close to $950 billion after adding more than 1% to its value in the last 24 hours.

Bitcoin, the world’s number one cryptocurrency, could be heading towards the $20k resistance level after adding more than 1% to its value today. Ether is also up by more than 1% and is trading at $1,345 per coin at press time.

XRP’s rally comes after the United States District Court Judge Analisa Torres overruled the SEC’s second attempt to withhold the documents relating to former Division Director William Hinman.

According to the documents, Hinman said Bitcoin and Ether are not securities. The SEC has now been asked to release the documents, and Ripple believes they contain a key piece of evidence in the case the SEC has brought against it.

Key levels to watch

The XRP/USD 4-hour chart has turned bullish as XRP has been performing well over the last few hours.

XRP/USD Chart By TradingView

The MACD line crossed from the negative zone into the positive region, indicating that the bulls have regained control of the market. 

The 14-day relative strength index of 63 shows that XRP could enter the overbought region if the rally continues.

At press time, XRP is trading at $0.49010 per coin. If the bulls remain in charge, XRP could surge past the $0.5413 resistance level before the end of the day.

Unless there is an extended rally, XRP could find it hard to move past the $0.69440 resistance level over the weekend. 

Where to buy now

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Capital.com

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The post XRP soars by 11% after Ripple score a huge win in its ongoing SEC case appeared first on CoinJournal.

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Billionaire David Rubenstein says ‘crypto is not going away’

  • The Carlyle co-founder David Rubenstein also believes Congress will not overregulate the crypto industry.

David Rubenstein, co-founder and co-chairman of Carlyle, a global private equity firm, believes crypto is here to stay.

Rubestein, who aired his views on the crypto sector in a recent interview with Bloomberg, however suggests key factors that might drive one to crypto is if they are worried about government intervention or regulation and want to keep their money in something the authorities have no control over.

The billionaire businessman was speaking to fellow billionaire, Citadel founder and CEO Ken Griffin, during the launch of the Carlyle exec’s book “How to Invest”.

Asked what he thought of cryptocurrencies as part of his views on investing, Rubestein said he previously looked at it as gambling.  But even then, he says those who allocate a percentage of their net worth into gambling or such other ventures, need to only use that which they can afford to lose.

“So with crypto that was my view for some time. If you get pleasure by watching the screens all day and saying you’ve just made a lot of money in crypto and so forth, you know allocate just enough so if you lose it it’s not the end of the earth,” he said.

“I now think that crypto is not going to go away the way some people have thought. And while you can argue it’s worthless, in some respects many things that people buy are maybe worthless,” Rubestein added.

Crypto not the ‘worst thing’ to invest in

The veteran businessman also touched on the aspect of “a libertarian view of life” in crypto, where the need to have assets that the government can’t control is increasingly seeing the industry lobby Congress for certain legislation. 

According to him, this appears to be pretty effective at the moment, and his opinion is that Congress will not overregulate the crypto industry.

And while he thinks crypto might attract people out to keep their money from the government- like Russian oligarchs whose assets were confiscated as part of Western sanctions, or a Chinese investor worried about the same should China invade Taiwan –  he says certain factors make crypto “not the worst thing” to hold.

Why is this so? 

“You can move it anywhere around the world. It’s not going to be devalued by government inflation. It’s not the worst thing to put some of your money in,” he offered.

Rubestein said he has not personally invested in any particular cryptocurrencies. However, he is invested in “companies that service the industry” as he believes the industry as a whole is here to stay.

And like the internet, computers or smartphone trends or such other past trends, the young people are almost always at the forefront. The crypto revolution is no different, he opined.

“People who are in their 70s don’t usually start economic trends really,” he opined.

The post Billionaire David Rubenstein says ‘crypto is not going away’ appeared first on CoinJournal.

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Top NFT cryptocurrencies to watch in October as large corporations dig in

One of the markets that have a lot of potentials to take off in October is the NFTs market. That’s because some of the largest corporations in the world are getting into NFTs, and that means not just the potential for value growth but also FOMO. That’s why as we head into the new month, it makes sense to start scouting for top NFT cryptocurrencies that stand to make the most gains heading into the new month.

To do this, you need to look at where the big corporations that have an interest in Web 3.0 and specifically NFTs are placing their bets. Among the corporations that are setting the narrative are Disney, Apple, and Mastercard.

Disney recently announced an accelerator program for Web 3.0 projects. On its part, Apple has announced that developers can buy and sell NFTs through the App store, a big move given the huge number of people that use the Apple Store. Mastercard has not been left behind either and has announced that its European clients who are invested in top NFTs like crypto punks can now customise their cards and also stake Hi tokens via Mastercard Debit cards.

Going by the moves that the big corporates, here are three NFT and Web 3.0 cryptocurrencies to watch in October.

ApeCoin (APE)

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Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

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ApeCoin (APE) makes it to the top of NFT cryptocurrencies that could do well in October 2022, and for a good reason. The move by Mastercard for NFT customised debit cards, more specifically, Crypto Punks is likely to trigger speculator interest in ApeCoin. That’s because it is the cryptocurrency associated with the Crypto Punks and Bored Ape lines of NFTs. As such, if speculators expect ApeCoin to benefit from the excitement around the MasterCard news, APE could rally purely on FOMO.

Polygon (MATIC)

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Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

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With all the excitement around NFTs especially in the entertainment world, investors are likely to start looking into cryptocurrencies that are on the radar of big corporations. Polygon is one of those that have in recent times attracted the attention of a strategic corporation, and that’s Disney. 

A while back, Polygon hit the news after it was included in Disney’s accelerator program. The move was part of Disney’s broader strategy of getting into crypto, and more specifically in Web 3.0. As such, if there is FOMO around NFT cryptocurrencies in October, Polygon (MATIC) is uniquely positioned to benefit.

Sandbox (SAND)

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Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

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Sandbox (SAND) is also likely to be on speculators’ radar thanks to recent moves by music powerhouse Warner Music. Warner Music has announced that it is partnering with OpenSea to let artist sell their music as NFTs. This is a big deal for Sandbox because Warner Music already has a music Metaverse on Sandbox. 

In essence, as the company continues to grow its virtual world presence, so will the value of its Metaverse. This news is likely to create speculator excitement around Sandbox not just in October but for many months to come. If the broader market turns bullish in October, Sandbox could end the month up by double or triple digits.

The post Top NFT cryptocurrencies to watch in October as large corporations dig in appeared first on CoinJournal.

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Top privacy coins to watch in October as EU reports on digital Euro

Just a day before the end of September, the European Central Bank released a report on the progress of the EU’s move toward a digital Euro. Per the report, they are making progress towards a CBDC. Many other countries have made headlines throughout September over intentions to pivot towards digital fiat, an indicator that CBDCs will soon be a global phenomenon.

While they are efficient, digital fiat currencies have privacy concerns that will likely see more people take an interest in privacy cryptocurrencies. That’s why there is a good chance that going into October, privacy coins could bounce back.

Below are three privacy coins that we believe could make a resurgence in October after flying under the radar over a couple of years.

Monero (XMR)

EZinvest

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Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

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Monero (XMR) is one of the best privacy coins on the market today. Monero’s privacy technology is so advanced that it is one of the few truly fungible cryptocurrencies ever made. For this reason, Monero stands out as one of the best privacy-focused coins that could do well in October and even into the distant future. 

ZCash (ZEC)

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Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

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ZCash (ZEC) is another top privacy coin that could do well if privacy coins take off in October. Like Monero, ZCash’s Zero Knowledge Proof approach to privacy is among the best in the market. Besides that, ZCash has the advantage of regulatory compliance. That’s because ZCash has both the option of private transactions and non-anonymous KYC transactions. 

Dash (DASH)

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Capital.com

Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.

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Dash (DASH) also makes it to the list for its strong privacy tech. One thing that makes DASH unique from the other privacy coins is its high degree of adoption. Dash is widely used, especially in South America, for everyday payments. This means it has substantial intrinsic value, and FOMO around privacy coins could take it to new levels.

The post Top privacy coins to watch in October as EU reports on digital Euro appeared first on CoinJournal.