Singapur hat das mit Abstand größte Interesse am geplanten Merge. Das wurde anhand der Häufigkeit von bestimmten Suchbegriffen im Zusammenhang mit dem Merge festgestellt.
SEC won’t give ‘crypto a pass,’ agency’s enforcement chief says
SEC enforcement unit director Gurbir Grewal non-enforcement would be “betrayal of trust.”
The US Securities and Exchange Commission (SEC) is not about to get off track with regard to taking legal action against crypto companies that break the securities laws, the agency’s enforcement chief warned on Friday.
Gurbir Grewal, the Enforcement Director at the SEC was speaking at a conference in Washington D.C.
SEC to continue crack down – Grewal
The crypto industry has over the past few years been unhappy with the US securities watchdog, particularly around what’s seen as the regulator’s pivot to regulation by enforcement. It’s an outlook many say stifles innovation.
But that isn’t going to stop the SEC from taking an aggressive approach towards enforcing rules it says apply to crypto companies, Grewal said at the event organised by the Practising Law Institute.
He warned that the agency will not give “crypto a pass,” adding that the regulator will pursue action against those who break the law irrespective of the technology used. According to the SEC enforcement boss, taking a different approach – in this case non-enforcement of rules underpinning the regulatory ecosystem – would be akin to “betrayal of trust.”
The SEC is determined to take the enforcement route despite misgivings within the crypto space, with the unit eyeing 125 new staff to boost its efficiency.
Grewal’s comments come a day after SEC Chair Gary Gensler noted that the agency was keen on more crypto companies, particularly crypto brokers and exchanges, getting registered. Gensler has reiterated this before, saying the SEC has the regulatory authority to take enforcement actions against securities.
In December 2020, the SEC brought a lawsuit against Ripple Labs for what it maintains is the crypto company’s sale of unregistered securities.
There are multiple other crypto-related cases the agency has filed. Recently, the regulator charged a former Coinbase staff with insider trading and listed nine tokens it said were securities (seven of these were on Coinbase).
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Ripple’s SEC case “endgame” speculated after major date, but how is XRP behaving?
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Ripple case with SEC facts expected to trickle in on September 19
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The case will have wide impacts on XRP and the broader crypto
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XRP is recovering but remains in consolidation mode
The Ripple v. SEC case could get an interesting twist on September 19. It is the day that the parties submit open redacted briefs that will support the summary judgment of the case. Afterward and before the end of the year, lawyers from both sides will discuss. The negotiations will culminate in refining the briefs for case determination. Will this mark the end of the long-standing conflict between the regulator and Ripple?
Pro-XRP activist and lawyer Jeremy Hogan is excited about the new date, which is slightly a week away. In a tweet on Friday, Hogan hinted that the date marks “the endgame.” In the tweet, he did note that it is the day the public will know what each party holds.
There is an interesting fact why any development between SEC and Ripple is crucial for now. For a long time, investors have waited for the case’s conclusion. Ripple has made a majority of small wins. That has led to speculations it will outwit the regulator in defending that XRP cannot be classified as a security. XRP’s price has been tied to the projected ruling. The ruling will have wider ramifications on the broader crypto sector.
XRP price outlook and prediction
XRP has surged by 4.27% in the last 24 hours. That averages the gains by other major cryptos. It illustrates that the September 19 event is yet to influence the price.
Source – TradingView
A technical outlook shows XRP is still trapped in the consolidation channel. The token is recovering from the bottom of the channel. The RSI reading of 52 suggests no oversold or overbought conditions.
Concluding thoughts
September 19 is a key development to watch if trading XRP. It will offer some clues about future case determination and XRP price. The cryptocurrency will be best bought on a breakout at $0.37.
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A bullish breakout from inside bar setup makes BNB return to $326 realistic
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BNB has forced a breakout at $278
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BNB Chain announced the zkBNB testnet on Wednesday
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The cryptocurrency is a buy with a potential surge to $326
Bullish breakouts are important price action cues. They suggest an increase in buying, forcing the price to pierce through supply zones. That is exactly what is happening to the Binance coin BNB/USD.
BNB trades at $295 as of press time. It becomes interesting when we look at the trading volumes, which show a jump of 18.49% in 24 hours. The price had gained by 6.34%. This comes barely two days after BNB Chain announced a major breakthrough in its scaling solution.
On Wednesday, Binance said it was addressing its scaling issues through the zkBNB testnet. The testnet is expected to support 100 million addresses. The transactions per second are expected to be 10,000 on the testnet. Since the launch, BNB has gathered momentum and breached a key level.
BNB inside bar breakout is underway as moving averages join support
Source – TradingView
On the daily chart, a breakout candlestick from an inside bar can be seen towering above the $278 support. Following the breakout, the 20-day moving average has joined the support for the first time since mid-August. BNB also looks set to reclaim back the support of the 50-day MA.
With the next resistance at $326, BNB has a lot of room to move. The positive developments and crypto recoveries will boost the token back to the resistance zone. BNB is a buy on the breakout. However, investors should take advantage of a potential retracement once the price hits $300.
Summary
Binance coin is bullish and eyes $326 again. A bullish breakout from an insider bar setup at the $278 support makes a bullish case strong. $300 could offer some minor resistance forcing a short-term retracement. BNB is a buy at the current or lower level.
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Ravencoin has surged by 54% in the past week – What’s driving it?
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Ravencoin has gained 54% in a week
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Ravencoin blockchain is a Bitcoin fork
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The token is boosted by speculations of PoW miners’ shift
Ravencoin RVN/USD is alongside Terra Classic, making parabolic moves. In the last 7 days, RVN has added 54.42%. The gains are not stopping as the token surged by 20.36% in 24 hours as of the time of writing. So, what’s driving the price of the 79th-ranked cryptocurrency by market cap?
Let’s first dissect what Ravencoin is and its role in the crypto ecosystem.
Ravencoin is a brainchild of Bitcoin, with the blockchain just 4 years old since its April 2018 launch. The blockchain has most of the features of Bitcoin. As such, it undergoes periodic halvings and runs on the Proof-of-Work consensus mechanism.
Ravencoin’s whitepaper indicates that it is a blockchain-based ecosystem. It allows users and developers to come up with tokens for whatever asset of their liking. The ability to create a token from virtually anything is the network’s main value proposition. Users can then move the tokens to third parties via the Ravencoin network.
Ravencoin price and prediction
While RVN has been bullish lately, it is nothing near its former self. At press time, the cryptocurrency was trading at $0.044, the highest ever since May. While crypto recoveries were boosting RVN, increased speculation is also behind the latest surge. PoW miners are seeking alternatives ahead of Ethereum’s move to Proof-of-Stake consensus. Investors are looking at Ravencoin as a superior alternative to Bitcoin in PoW miners’ shift. That’s because the network comes at lower costs and faster speeds. To some extent, RVN investors are reading from the same script as the Ethereum Classic enthusiasts.
Source – TradingView
From the technical outlook, RVN has successfully cleared the $0.04 resistance. We shall remain interested in the level as Ethereum Merge approaches. More volatility could see the token continue to surge. The next level is $0.05.
Summary
Ravencoin is rising due to growing expectations it could attract PoW miners from Ethereum. The token remains largely susceptible due to volatilities. $0.04 is the level to watch if seeking to buy.
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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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