The long-standing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is entering its final stages, with XRP holders anxiously awaiting the Summary Judgment that could decide the fate of XRP’s classification as a security. As the outcome hangs in the balance, lawyer John Deaton sheds light on the matter, providing clarity to investors.
A prominent XRP holder recently shared their investment rationale, highlighting Ripple’s association with David Schwart, the company’s Chief Technology Officer, and former NSA employee. The investor explained that their decision to invest in XRP in 2016 was based on the belief that banks might adopt cryptocurrency in the future. They made their initial purchase at a price of $0.10.
XRP’s Future Hangs in Balance?
John Deaton, the attorney representing XRP holders, emphasizes the importance of investigating whether Ripple Labs directly sold XRP to the buyer in question. According to Deaton, if Ripple had direct involvement in the transaction, it could support the argument that XRP meets the requirements of the Howey test—a test used to determine the security classification of an asset.
Deaton also notes that the situation would be different if the buyer did not acquire XRP directly from Ripple and had no contractual relationship with the blockchain firm. In cases where XRP is obtained for non-investment purposes, such as conducting transactions on the ledger, the scenario would be dissimilar.
However, Deaton argues that even if Ripple sold XRP as an investment contract, it does not automatically classify XRP as a security. The nature of the transaction and the parties involved play a crucial role in determining its regulatory status.
The impending Summary Judgment in the legal proceedings will provide essential insights into the classification of XRP and its ramifications for Ripple Labs and XRP holders. The outcome of this debate will shape the future of XRP and its regulatory status, making it a pivotal moment for all parties involved.
Consider investing in stablecoins like Tether, which are performing remarkably well on the cryptocurrency market and can help you increase your money. Pre-sale currencies like Big Eyes Coin and Mooky Coin are also altering the market and inspiring new audiences to engage with cryptocurrency.
Now that the new year has arrived, it’s time to start keeping your resolutions! Many of us are beginning new fitness regimens and breaking bad habits thanks to it. Others are finding that our financial situation is improving.
Your 2023 could be shaped by being active in the cryptocurrency industry. But how do you get started? And which coins can investors rely on to make successful investments at the highest levels?
Let’s explore these platforms to see what they have to offer!
The cutest and coolest token of 2023 is Mooky’s objective. Helping to plant trees worldwide.
A DAO vote determines the governance of MOOKY, a token held by the community. Holders of tokens are the platform’s owners.
MOOKY’s pre-sale is currently undergoing. Be a market innovator for the Defi meme coin that is poised to take off and is controlled by the community.
MOOKY is the cutest and coolest meme token of 2023! We will help plant trees all across the world in an effort to better our environment and spark change.
There are no slippage requirements for purchasing or selling on Mooky because there is no tax. Low-tax tokens are the wisest option for the community.
The liquidity will be constrained for two years. There are no team tokens, VC, or private sales.
3D Mooky NFTs that are extremely innovative and practical! Each NFT also has a traceable link to a real-world tree that was planted. If you possess a legendary or extremely rare card, you are eligible to join the Mooky Ventures club! Try it right now! Make one of our exclusive NFTs.
Owners of legendary and ultra-rare NFTs receive a particular benefit through the Ventures club. Take advantage of the products, bimonthly airdrops from our collaborative platforms, and passive income from our investment portfolio. All of it can be seen on a dashboard!
The Elegance Of Big Eyes Coin
People now have the chance to connect and learn about things like cats, cryptocurrencies, and adorable, entertaining memes thanks to Big Eyes Coin!
Big Eyes Coin has a presale total of slightly over $13 million, making it a coin that shouldn’t be disregarded. The crypto cathouse is flourishing, has a lot of features and capabilities that attract new users to crypto, and is bringing back meme coins.
Big Eyes Coin is fusing cryptocurrency and contemporary global issues, thereby involving younger generations. It has no additional hidden costs and wallets built exclusively for charities that focus on rescuing the oceans and teaching investors the importance of sustainability.
People can join an exclusive group to own and do nice things with like-minded people through the exclusive NFT Sushi Crew that they are also producing. The platform’s creative initiatives are something to truly get your hands dirty within 2023.
Don’t let go of your Tether
Tether is a stablecoin that was introduced in 2014 with the aim of bringing together the unrestricted characteristics of cryptocurrencies with the stable value of the US dollar. It gives the reliability and ease of use of fiat money along with the cutting-edge and futuristic technology of blockchain to successfully represent and unite the two worlds. The platform, which had a market capitalization of over US$65 million as of September 2022, offers investors great liquidity, enabling traders to profit from the market and make money on their investments.
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ETH continued to trade below the significant $2,000 despite a bullish week’s finale. Fed Fear and regulatory headwinds continue to be obstacles. On April 12, 2023, Ethereum will undergo a hard fork known as Shanghai, which would upgrade the protocol to Shapella. With this upgrade, the Ethereum network will see a number of enhancements, including the Shanghai and Capella Ethereum Improvement Proposals (EIPs).
According to a recent poll by OKX exchange, 83% of respondents who are part of the ETH community are certain that Ethereum staking would increase over the next three months.
The unlocking of the ETH token could temporarily put pressure on the altcoin’s price, according to experts across the industry. However, ETH bulls are yet to react to the big event and even the social sentiment needs to catch pace.
Social sentiment remains unchanged
After recapturing an 8-month high, Ethereum’s sentiment has mainly remained negative. When 13 million ETH are released from stake on April 12 following the completion of the ETH2.0 transition, bearish speculators predict that the price of ETH will plunge.
Santiment, a blockchain analytics platform, reports that since February, the Ethereum Net Weighted Sentiment has been negative. The ETH-weighted sentiment dropped from 7.21 on February 12 to -0.19 as of April 7.
On the flip side, the whales are supporting the bullish thesis and the accumulation pattern among Ethereum whale investors supports the idea.
The Santiment data revealed that the crypto whales with 1 million to 100 million coins began to buy when Weighted Sentiment (a technical indicator) started to move negatively. The whales increased their holdings of ETH by 2.4 million between February 12 and April 7, adding a total of about $4.4 billion to their accounts.
As the cryptocurrency market continues to grow, it serves as a fertile ground for innovative, inventive decentralized systems that will address some of the most complex issues facing the globe. Investors are constantly on the quest to find the most profitable crypto projects at every given moment.
Tron (TRX) and Fantom (FTM) are highly decentralized smart contract-enabled blockchains that have built their popularity and reputation over the years. HUH Exchange (HUH), a new cryptocurrency, has gained traction within the crypto community as it strategically positions itself as a world-class exchange supported by cutting-edge technology. In this article, we will outline how HUH Exchange (HUH) and why it might be the best cryptocurrency to buy now.
HUH Exchange Set To Reinvent Blockchain As We Know It
The HUH Exchange (HUH) is designed to support smart contracts and decentralized applications (dApps). This design strategy potentially increases network adoption by allowing developers and content creators from other networks to enrol easily. HUH is the HUH Network (HUH) native token.
This new cryptocurrency project intends to create the world’s largest social decentralized on-chain governance platform. In addition, the HUH Token will serve as the de facto governance token. HUH is much more than a payment system. It’s a huge collection of DeFi devices, social apps, and networks that are free of data theft and restriction.
The goal of HUH Exchange (HUH) is to run HUH and the applications built on top of it on a PoS consensus system while allowing the community to use and govern it. Holding HUH also entitles users to vote on crucial choices made inside the HUH ecosystem.
The MetaHUH foundation intends to be the top platform for developers, content creators, and users to build and live on. The entry point into the HUH metaverse and network is a profile. They own a variety of assets, including money, NFTs, tokens, and much more.
During the presale, 35% of the supply of currencies will be accessible to the public, and whatever remains unsold will be destroyed. This is done to assure HUH Network (HUH) stability upon launch and to allow for a reduced circulating supply.
Tron Ecosystem Continues To Develop
Tron (TRX) is a decentralized platform that enables consumers to trade cryptocurrencies and developers to create highly scalable and user-friendly dApps cheaply. TRX, the platform’s native cryptocurrency, may also be utilized for staking and other transactional activities. TRX Token has featured on over 130 cryptocurrency exchanges and has acquired worldwide traction.
The major purpose of the project is to promote and help content creators, who earn only a small percentage of revenue, by compensating them more for their labour. The project achieves this by effectively charging content consumers, and payment is made directly to content producers (without intermediaries like YouTube, Facebook, or Apple).
Tron (TRX) is well-known for its audacious objective of completely decentralizing the Internet. Supporting the growth and development of the NFT arena is part of that mission. As a result, in 2021, the Tron Foundation partnered with APENFT, an NFT marketplace focusing on high-value digital art. The partnership established a $100 million fund to assist digital artists and NFT platforms.
TRC-based token transactions are now available in the TRON (TRX) ecosystem, owing to the TRX token. TRON (TRX) is a network of platforms, tools, and protocols that tries to decouple the content distribution business’s central structure. The TRON (TRX) network allows programmers to build up produce farms, lend money, play online games, and create decentralized apps.
Don’t Be Afraid Of Fantom (FTM)
Fantom (FTM) is a DeFi-focused smart contract platform that is very scalable. This platform is preferred by developers due to its transaction speed, which can be as fast as two seconds. While competing platforms that use smart contracts have lags and inefficiencies, Fantom (FTM) is fast, dependable, and cost-effective. It’s no surprise that it’s drawing a rising number of users and developers.
This open-source blockchain is not only extremely fast and inexpensive, but it is also Ethereum-compatible, making it very enticing to Web3 developers. Fantom (FTM) is focusing on releasing upgrades and enhancements to achieve a Web3-leading degree of decentralization, scalability, reliability, and throughput.
Fantom (FTM) was the third-largest DeFi protocol by total value locked (TVL) at the start of 2022, with TVL for Fantom-based DeFi projects increasing by 52 percent during the third week of January. The platform also intends to expand its NFT ecosystem, which is now quite modest. Fantom’s low-cost yet scalable capabilities, on the other hand, are perfectly suited for NFT market expansion.
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