Die betreffenden Adressen sollen zu einer nordkoreanischen Hackergruppe gehören und zur Umgehung von Sanktionen genutzt werden.
Ripple vs. SEC case will likely be decided in early 2023, says lawyer
Ripple’s battle to defeat the US Securities and Exchange Commission (SEC) in a case that has dragged since December 2020 is set to go into early 2023, according to an update shared by Stuart Alderoty, General Counsel at Ripple.
The case revolves around XRP, a cryptocurrency launched by Ripple Labs.
On December 22, the SEC announced it had charged Ripple Labs Inc. and two top executives over the sale of $1.3 billion worth of unregistered securities. The regulator said the securities offering was “ongoing,” allegedly referring to Ripple’s sales of XRP.
Essentially, the SEC was saying that XRP was a security. Ripple and its top executives have maintained that the securities watchdog’s accusations are outright false. So much more has come to the fore, including comments from former SEC officials.
It’s hurting XRP holders
Saturday’s update from Alderoty, and defense lawyer James K. Filan, means it’s going to be a whole two years of waiting for the case’s resolution.
“It now looks like a resolution will come in 2023 – and each day that passes is hurting US citizens who were essentially the victims of a rug pull by the SEC,” Alderoty said in a Twitter thread.
Filan pointed to this same likelihood, stating in a tweet that both the SEC and Ripple had filed a joint scheduling letter seeking a resolution to the case. According to him, the parties have proposed that opening briefs for summary judgment start in August.
The timeline also caters to any expert challenges, with closing briefs then expected “a few days before Christmas.”
SEC’s delay tactics
SEC’s apparent delay tactics over the course of the case ostensibly played a role in Ripple’s decision to agree to a joint filing. It’s the reason why XRP holders will have to endure the long wait for a potential resolution.
Alderoty said:
“To those asking if this is a joint filing – yes it is. But, based on the SEC’s track record, if we didn’t agree to this, the next iteration would have very likely been even longer.”
To all that have been following the case thus far – thank you. Know that Ripple is pushing hard (and the Court is working hard) to resolve the case as soon as possible, despite the SEC time and again doing everything they can to delay. https://t.co/bP0shaNBOa
— Stuart Alderoty (@s_alderoty) April 22, 2022
So the XRP community goes on waiting. As noted earlier, it’s the investors who are ‘hurting.’
XRP price today
XRP was trading around $0.71, nearly 2% down in the past 24 hours and close to 40% off the highs reached in April 2021. That run to highs near $2.00 on 14 April was the altcoin’s best since the surge to the all-time high of $3.40 in January 2018.
The cryptocurrencies market cap has also shrunk, pushing XRP from third behind Bitcoin and Ethereum down to sixth at the time of writing with $34.3 billion.
The post Ripple vs. SEC case will likely be decided in early 2023, says lawyer appeared first on Coin Journal.
Bitcoin-Crash durch Nasdaq? – Experte warnt vor neuer „Dotcom-Blase“
Der stark zu Bitcoin korrelierte Nasdaq 100 befindet sich in einer ähnlichen Konstellation wie vor 20 Jahren, als es zum großen Crash nach der Dotcom-Blase kam.
ApeCoin hits new all-time high, APE 45% up this past week
ApeCoin (APE), the native governance token in the Bored Ape Yacht Club (BAYC) ecosystem, has soared to a new all-time high above $18 after another huge rally on Saturday.
The price of APE rose more than 24% in intraday trades as bulls pushed higher, buoyed by positivity around further ecosystem growth.
In early afternoon deals Saturday, APE/USD hit $18.44 on Binance to record its highest ever price. The aggregate price across major exchanges was $18.05, according to data from CoinGecko.
APE/USD currently trades around $17.36, about 17% up in the past 24 hours.
Chart showing APE-USD price movement on the 4-hour chart. Source: TradingView
According to data from CoinGecko, APE/USD has surged nearly 50% in the past seven days. It’s up more than 64% in the past two weeks.
The upside, most of it coming in the last four days, has propelled ApeCoin to a market cap of $5.06 billion, pushing it to 31st among the largest cryptocurrencies by market capitalisation.
ApeCoin surpasses Decentraland (MANA)
The broader crypto market has struggled with bearish pressure over the past several days, with Bitcoin (BTC) dipping below $40,000 as most other digital assets mirrored the performance.
ApeCoin’s rally has thus seen it overtake Decentraland (MANA) in terms of market cap.
Decentraland, which has been the top metaverse-linked token by market value, is down by 5.3% in the past week and by more than 10% in the red over the past two weeks.
MANA/USD currently trades around $2.04, down over 1% in the past 24 hours. Data on CoinGecko shows MANA’s market cap is $3.1 billion and ranks 45th in terms of market capitalisation.
Why is ApeCoin surging?
Buying pressure around ApeCoin is likely centered on the upcoming land sale in BAYC creator Yuga Labs’ “Otherside” metaverse project.
While the project is yet to officially go live, the developer has over the past several weeks teased its rollout. The excitement amongst investors is down to a potential announcement of the use of APE in the land sale.
The sale of 100,000 land plots out of 200,000 is expected to see 30% go to BAYC and MAYC (Mutant Ape Yacht Club) holders. The rest, 70%, will be a public sale.
Whale activity has soared as a result, with data from analytics site CoinCarp showing that the top 100 APE holders account for 52.39% of the token’s circulating supply. The data shows there are currently 49, 057 ApeCoin (APE) wallets.
The post ApeCoin hits new all-time high, APE 45% up this past week appeared first on Coin Journal.
Funding-Rates belegen: Bitcoin-Kurs (BTC) stößt bei 40.000 US-Dollar auf Widerstand
Der Großteil der Experten geht davon aus, dass es für Bitcoin zunächst zurück nach unten geht, denn eine wichtige Marke wird nun wieder zum Widerstand.