Judge Torres has ruled that Ripple will pay $125 million in civil penalties and cease all further violations of the securities laws to conclude its protracted four-year legal battle with the SEC!
XRPXRPXRP
Ripple's XRP on the verge of a new upswing? $XRP (-0.7%)
Ripple's cryptocurrency XRP has been among the top ten by market capitalization since 2013. Once in second place behind Ether, it is currently in 7th place, but XRP's performance has been weak recently.
One of the main reasons for this is the long-standing legal dispute with the US SEC. Since the end of 2020, the lawsuit over the sale of unregistered securities has impacted price performance.
A token unlock was carried out on July 1, bringing one billion new tokens onto the market. Of the total of 100 billion XRP, around 55.7 billion are currently in circulation.
Some experts expect the legal dispute to be resolved soon. As a compromise, Ripple has proposed a fine of up to three billion dollars.
Institutional investors and ETFs are still waiting, but Ripple President Monica Long emphasizes that XRP is well positioned due to its longevity and high trading volume.
BeInCrypto reports that the lawsuit could potentially end in July, which would be a positive development for XRP. According to Crypto Magazine such a decision could raise the price of XRP to 1 US dollar.
Sources:
- https://www.krypto-magazin.de/xrp-kursprognose-wird-der-ripple-sec-kampf-den-preis-im-juli-auf-1-treiben/
- https://de.beincrypto.com/ripple-fall-koennte-im-juli-enden/
- Börse Online Magazine
What bank would want to set up their over-the-counter business with a volatile token?
Since Bitcoin has just fallen below an important support level, things could get ugly.
I just hope for all of you who have altcoin profits that you weren't too greedy and realized some gains... of course this doesn't apply to $XRP (-0.7%) Owners who never had profits 😜
$BTC (-0.08%)
$ETH (-0.52%) and $SOL (-0.87%) are allowed to stay... and $ICP (-1.42%) also 😅
The remaining altcoins will be liquidated, we don't want to give up the nice profits after all.
Time for daily $XRP (-0.7%) bullying.
You can think what you like about it, but 9 out of 10 respondents find bullying quite funny.
The profits from the $AVAX (+0.95%) sales are immediately invested in $SPYI (+1.3%) immediately.
After all, I want to be the richest man in the cemetery one day. 😅
I would be interested to know which cryptos you consider interesting at the moment or for the future and already have in your portfolio or want to get in soon?
It feels like there are now an infinite number, so it's very difficult to keep an overview ^^
$BTC (-0.08%) & $ETH (-0.52%) are of course out of the question and already in the portfolio anyway (I'm also adding to it)
But what other cryptocurrencies do you own?
A few of my ideas would be:
Fundamentals
Rank
#7Market Cap
$33.30BDominance
1.46%Circulating Supply
Max Supply
100,000,000,000.00Pricing
Information
Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether. Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority. That facilitates transactions all over the world, and transfer fees are far cheaper than the likes of bitcoin. Unlike other cryptocurrencies, XRP transfers are effectively immediate, requiring no typical confirmation time. Ripple was originally founded by a single company, Ripple Labs, and continues to be backed by it, rather than the larger network of developers that continue bitcoin’s development. It also doesn’t have a fluctuating amount of its currency in existence. Where bitcoin has a continually growing pool with an eventual maximum, and Ethereum theoretically has no limit, Ripple was created with all of its 100 billion XRP tokens right out of the gate. That number is maintained with no mining and most of the tokens are owned and held by Ripple Labs itself — around 60 billion at the latest count. Even at the recently reduced value of around half a dollar per XRP, that means Ripple Labs is currently sitting on around $20 billion worth of the cryptocurrency (note: Ripple’s price crashed hard recently, and may be worth far less than $60 billion by time you read this). It holds 55 billion XRP in an escrow account, which allows it to sell up to a billion per month if it so chooses in order to fund new projects and acquisitions. Selling such an amount would likely have a drastic effect on the cryptocurrency’s value, and isn’t something Ripple Labs plans to do anytime soon. In actuality, Ripple Labs is looking to leverage the technology behind XRP to allow for faster banking transactions around the world. While Bitcoin and other cryptocurrencies are built on the idea of separating financial transactions from the financial organizations of traditional currencies, Ripple is almost the opposite in every sense. XRP by Ripple price can be found on this page alongside the market capitalization and additional stats.