Nach ersten Spekulationen, was der Abgang von Andre Cronje und Anton Nell für deren Krypto-Projekte bedeuten könnte, veröffentlicht Fantom ein klärendes Statement.
Kursanalyse, 11. März: Bitcoin (BTC), Ethereum (ETH), Terra (LUNA)
Die marktweiten Abschwünge belegen, dass die Bären ihre Führung nicht so schnell wieder abgeben, immerhin konnte LUNA ein neues Rekordhoch erzielen.
Ripple CEO: Denying SEC’s Motion to Strike Fair Notice defense is a ‘huge win for Ripple’
- Brad Garlinghouse says Ripple is confident the SEC’s case will ultimately „be dismissed.“
- XRP price shot up nearly 8% after the news
- Ripple has maintained that its XRP token is not a security, earlier questioning a SEC official’s comments on Bitcoin and Ethereum
Ripple CEO Brad Garlinghouse has called the latest decision by a New York judge in the Ripple vs. US Securities Exchange Commission (SEC) case as a “huge win” for the blockchain company.
“If you weren’t paying attention then, you should be now. Huge win for Ripple today!” Garlinghouse said.
His comment followed an order by US District Judge Analisa Torres denying the SEC’s motion to strike down Ripple’s Fair Notice defense.
🚨JUDGE TORRES DENIES SEC MOTION TO STRIKE FAIR NOTICE DEFENSE.
JUST ADDED to our Document Library:
✅Order from Judge Analisa Torres that Denies the @SECGov Motion to Strike @Ripple’s Fair Notice Defense 👇https://t.co/5LuEauaWAd— CryptoLaw (@CryptoLawUS) March 11, 2022
Part of Judge Torres’ order reads:
“The SEC does not contend that Ripple’s affirmative defense is untimely, and the Court shall not conclude, at this early stage of the case, that Ripple’s defense is invalid. Accordingly, the SEC’s motion to strike Ripple’s fair notice affirmative defense is DENIED,”
Garlinghouse ‚confident‘ SEC’s case will be dismissed- ultimately
The SEC sued Ripple and top executives Brad Garlinghouse and Chris Larsen for what it called the illegal sale of unregistered securities related to the XRP token. The case has been active since December 2020, with Ripple maintaining that XRP is not a security.
Commenting on the cases against him and Larsen, the Ripple chief noted:
“While we would have preferred the cases against Chris and me to end now, the SEC must now prove its claims. We are confident that ultimately all of them will be dismissed.”
Stuart Alderoty, General Counsel at Ripple said that Friday’s court order “makes it clear there’s a serious question whether the SEC ever provided Ripple with fair notice that its distributions of XRP – since 2013 – would ever be prohibited under the securities law,”
He lauded the judge’s decision and added that it might be time “the sun sets on the SEC’s “regulation by enforcement” approach.”
XRP price jumped nearly 8% following the news before the token pared some of the gains late afternoon.
The post Ripple CEO: Denying SEC’s Motion to Strike Fair Notice defense is a ‘huge win for Ripple’ appeared first on Coin Journal.
Stacks (STX) – Is a whale aggressively loading up?
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Stacks has been growing in adoption for its ability to make Bitcoin as programmable as Ethereum.
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Stacks current pump is not fundamentals driven and is more consistent with whale activity.
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Volumes are dropping, but Stack is still holding at key intra-day support.
Stacks (STX) is a crypto project that unlocks the power of Bitcoin way beyond its use cases as a currency and a store of value. Through stacks, the world’s largest cryptocurrency by market cap and the most secure can be used to create smart contracts. This is a big deal because Bitcoin’s security allows it to be used in creating highly sensitive Dapps, especially for DeFi.
The implications of making Bitcoin programmable are pretty high for stacks, too. One of them is that it makes Stacks a highly sought-after cryptocurrency by investors who want to earn staking rewards in Bitcoin. By staking Stacks, investors earn an APY as high as 9.8%, and the rewards are paid in Bitcoin.
However, Stacks usually moves in tandem with the broader market, and its current price is an anomaly, considering that the cryptocurrency market is bearish now.
Price action consistent with whale activity
Stacks has in the last 24-hours shot up by over 28%. This follows a sudden increase in volumes, now up by over 4800%. Such a sudden increase in buying volumes indicates that a whale is buying up Stacks in huge amounts, triggering the current price rally.
Stacks forms a descending triangle pattern
After a massive pump that saw Stacks hit a high of $1.9, Stacks has formed a descending triangle pattern, with strong support at $1.346. This is an indicator that trading volumes are dropping after the initial pump that was consistent with whale activity.
Source: TradingView
If Stack’s buying volumes remain high, and it bounces off the $1.346 support, it could retest the $1.9 resistance in the short term. If stacks bulls can break the $1.9 intra-day high, now resistance, prices above $2.5 could be within focus.
However, if this was just a random pump and Stacks drops below the $1.346 support, prices below $1.07 could come within focus in the short term.
Summary
Stacks has pumped in the last 24-hours in price action consistent with whale activity. However, these volumes are declining, and STX is now trading at key support.
The post Stacks (STX) – Is a whale aggressively loading up? appeared first on Coin Journal.
Kadena rallies after Binance listing – Can the pump last?
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Kadena pumps after Binance listing.
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Profit-taking has triggered a minor correction, but overall momentum is bullish.
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Kadena’s core metrics as a platform blockchain are behind its strength.
Kadena (KDA) is one of the best performers today and is currently up by over 14%. This follows news that the KDA token was now listed on Binance, the world’s largest exchange by volumes,
The Binance listing is a big deal, as it opens up Kadena to an even wider range of investors. This means higher volumes and higher demand once the money flows back into the crypto market.
However, it is not just the Binance-driven pump that makes Kadena a worthwhile investment. Kadena is one of the lowest fees platform blockchains and can scale well. Kadena is also one of the safest platform blockchains in the market because, like Bitcoin, it runs on a Proof-of-Work algorithm. This makes it perfect for companies that want to build sophisticated financial solutions that require a high level of security.
Interestingly, while Proof-of-Work has been getting a lot of bad rap lately due to energy consumption, Kadena does not have this problem. That’s because, in the Kadena Proof-of-Work algorithm, the cost does not increase with use. This helps it combine the safety of PoW with the efficiency that other blockchains get from Proof-of-Stake.
This is one of the big factors contributing to Kadena’s rise in adoption and price over the past year.
Kadena Profit-taking triggers correction.
Source: TradingView
Hours before the Binance listing, Kadena’s price pumped hard. However, a few hours later, the price entered a correction as traders took profits in anticipation of a post-news dump.
Bulls seem to be regaining control, though, an indicator that investors are still buying into Kadena in anticipation of even more gains. With Bitcoin now pushing back above $40k resistance, Kadena could easily retest the week’s high of $8.30.
Summary
Kadena pumped after the Binance listing. While the price has since dropped due to profit-taking, it seems to be stabilizing again. This indicates that the underlying demand is strong despite the price taking.
The post Kadena rallies after Binance listing – Can the pump last? appeared first on Coin Journal.