Features News Official TheBitTimes.com

3 key data points highlight the 60-day strength shown by altcoins. A wave of green has washed across the entire crypto market , and it won’t be long before traders on X (the social platform formerly known as Twitter) begin to explain that a new altcoins season has arrived.  Altcoin season, or ‘altseason’ as the crypto bros say, typically measures the rallying of altcoins and a positive market capitalization increase of the total altcoin market cap. Let’s take a look at some key indicators that market participants use to determine whether or not an altcoin season has emerged. Total crypto market capitalization hits a 14-month high The total crypto market cap recently hit a 14-month high, clearly reflecting the current bullish momentum. Crypto total market cap broke out to its highest levels in over 14 months. pic.twitter.com/0c6CPxDSfQ — TradingView (@tradingview) November 6, 2023 Similar strength is seen in the total altcoin market capitalization chart (TOTAL2). The met...

John Deaton, the attorney representing XRP holders, has put forward a compelling argument that could potentially result in a 99.9% legal victory for Ripple in its ongoing legal battle with the SEC. Deaton’s Analysis challenges the prevailing belief that the SEC’s stance in the Ripple case is evenly split 50-50. Instead, he contends that the advantage heavily favors Ripple , resembling a 90-10 split in their favor. If Ripple ends up facing penalties of $20 million or less, this interpretation could lead to a resounding legal win for the company. Deaton’s perspective has been prompted by a recent post by Stuart Alderoty, the Chief Legal Officer of Ripple. It highlighted another legal setback for the SEC in the ongoing lawsuit. This viewpoint resonates with the sentiment prevalent in the cryptocurrency community. Several have been viewing a potential settlement of $20 million as a positive outcome for Ripple. This assessment takes into consideration the broader imp...

Schwartz Explains The Effect Of SEC’s Appeal The Securities and Exchange Commission (SEC) made its appeal plea after Judge Torres’ decision that XRP is not a security, signaling a pivotal victory for Ripple. However, the appeal request centers on an unexpected twist in the proceedings. advertisement According to the CTO, the SEC’s motion to appeal at this juncture stems from its understanding that the lawsuit has not concluded, hence granting parties the right to appeal after the case is finalized. This procedural approach, designed to streamline the legal process, prevents the constant interruption of the primary case with ongoing appeals for each minor ruling. The CTO emphasized the necessity of consolidating appeals for efficiency, especially since individual appeals could potentially elongate the already time-consuming litigation. A typical appeal period takes a minimum of a year to conclude, and if multiple appeals arise during the ongoing...

SEC’s Crypto Conflicts Exposed, Ethereum Favoured After a two-year ordeal involving FOIA requests, court cases, and new document disclosures, the SEC has at last provided new information in answer to Empower Oversight’s relentless questions. The new materials underscore the pivotal role played by Joseph Lubin and his company, Consensys, in influencing former SEC Director of Corporation Finance William Hinman’s perspectives and objectives behind his contentious June 14, 2018 cryptocurrency speech. Lubin, a prominent advocate of Ether (ETH), was instrumental in connecting Hinman with Ethereum creator Vitalik Buterin during the drafting of the speech. advertisement Notably, individuals closely associated with Ethereum were prominently featured in a March 28, 2018 meeting discussing a crypto safe harbor proposal, suggesting a degree of involvement beyond what was previously known. The shocking evidence, of Lubin’s important contribution to Hinm...

Ripple Releases Q2 XRP Markets Report Crypto payments solutions firm Ripple has released its Q2 2023 XRP Markets Report, according to an official announcement on August 2. The firm took a different direction for this quarter and focused on Judge Torres’ landmark summary judgment ruling, dispelling misconceptions, and Ripple’s XRP holdings. advertisement Ripple CEO Brad Garlinhouse, said: “We began these reports to voluntarily provide updates given our XRP holdings. Sadly, they were used against us in the SEC lawsuit – however, we remain steadfast in our commitment to transparency but I suspect they’re going to look a bit different moving forward.” According to the report, Ripple’s XRP holdings increased from 5,506,585,918 to 5,551,119,094, rising almost 45 million. Total XRP on ledger escrow decreased by nearly 1 billion amid demand for XRP . Recommended Articles ...

The crypto community has gathered to celebrate the recent ruling on XRP's securities status, but lawyers warn there's more to it than meets the eye. Ripple Labs’ split-decision victory against the United States securities regulator is being seen as a significant blow to the regulator’s “war on crypto,” however, crypto lawyers warn it isn't a definitive victory for the industry or the firm y In a landmark ruling on July 13, Judge Torres determined that XRP (XRP) is not a security — at least when sold to the general public. The decision was met with a joyous uproar from XRP token holders and came with a massive surge in the token's price, with industry heavyweights lauding the decision as likely to aid crypto exchanges Coinbase and Binance in their respective lawsuits. Luke Martin, the founder of crypto investment firm Venture Coinist noted that the “core component” of the United States Securities and Exchange Commission's (SEC) claim in its suits against Binance an...

Japan’s SBI Group is aiming to bolster its Web3 business. The Japan-based FinServ company is looking to welcome institutional clients that could use its extended Web3 offerings and crypto-centric services. It’s a known fact that SBI is one of Ripple’s top partners. Hence, this means the company will likely make use of the offerings made via Ripple to help grow its business. The company recently released its financial results for the fiscal year that ended on March 31, 2023. The report highlighted that SBI VC Trade “will increase its customer and revenue base not only by the crypto asset exchange business but also by strengthening Web3 related business.” Specifically, the company is looking to, “Pioneer new business fields such as Web3 that introduce innovative technologies domestically and abroad to “go beyond finance with finance at its core.” In its report, the company did not outrightly mention Ripple . However, in one of the charts attached, they did mention “offerin...

While the cryptocurrency market has taken a hit following the allegations against Binance, Ripple (XRP) is standing tall amidst the chaos. The cryptocurrency market, which has been trading in the green amidst the collapse of several banks, has reversed directions. Following the lawsuit by the US CFTC against Binance and CZ, the prices of Bitcoin, Ether eum, and other major assets have taken a toll. Also read: KuCoin Launches Bounty Reward Program Worth $1 Million on HackenProof Source: Cryptoslate Ripple up by 22% over the last seven days According to the data from CoinMarketCap, Ripple is up by 3% in the last 24 hours. At press time, XRP is the one of the only assets that is trading in the green and stands at $0.4621. The 24-hour trading volume is also spiked by 80%, bringing its market cap up by 4% in the last 24 hours. The data also shows that it’s up by 22.6% in the last seven days and 22.49% in the last 30 days. Also read: Shiba Inu Burn Rate Spikes by 6...

Can Ripple pull off a win against the SEC? XRP price has been seeing moderate gains despite a general cryptocurrency market pullback. XRP price extended its gains on March 9, rising around 1.5% to $0.40, despite a general downturn in the cryptocurrency market.   XRP price four-day winning streak The rally in the XRP/USD pair started on March 5 with the XRP market capitalization gaining over 10% in the past four days. XRP/USD daily price chart. Source: TradingView In contrast, the entire crypto market's cap has dropped by about 5% in the same period, with top coins Bitcoin (BTC) and Ether (ETH) losing by 4.5% and 4%, respectively. Ripple scores early win versus SEC  XRP's gains appear as investors pin their hopes on Ripple winning its long-running courtroom battle against the United States Securities and Exchange Commission (SEC). On March 6, U.S. District Judge Analisa Torres issued a ruling on motions filed by Ripple and the SEC to exclude the comments of expert witnesses fro...

SEC vs. Ripple is a well-known dispute that has been going on for more than two years. The SEC charged Ripple with marketing XRP as a sec urity, burdening XRP’s potential for long-term price growth. It is one of the most well-known court battles in the history of cryptocurrencies and a crucial development for industry regulatory worries. A crucial summary decision in the case of Ripple v. SEC is imminent because of fresh developments that could change the outcome. Also read: Making Bitcoin a Legal Tender Increased Tourism by 95%, Says Nayib Bukele In one of the most recent updates, James K. Filan, a US defense attorney, filed a letter backing support for Ripple ’s Fair Notice Defense. #XRPCommunity #SECGov v. # Ripple #XRP Ripple files Letter Regarding recent Supreme Court case that supports Ripple ’s Fair Notice Defense. “This opinion strongly supports Defendants’ fair notice defense. . . . [because] the government’s prior guidance h...