• In the latest announcement, Stellar Lumen has launched the Stellar Asset Sandbox to make it easier for users to issue, mint, and burn new assets using the Stellar testet network.

This week was a dramatic one for the crypto industry as the major assets moved to and fro on the price curve and also announced some incredible development across the crypto sphere. This features some heavyweights including Ripple, VeChain, IOTA, Dogecoin, and Stellar Lumen which saw marginal falls in the market in the last 24 hours despite making huge news in the mainstream media. 

Ripple (XRP) price to go 10x after win over SEC, floats a $250M creators fund

Ripple Labs’ win over the US Securities and Exchange Commission (SEC) in the ongoing lawsuit could trigger a 10 times price surge facilitated by its use of tokenization. It is important to note that the XRP Lenger (XRPL) is the first blockchain to assist tokenization for several assets within the category of NFTs, Stablecoins, and cryptos. Considering that the value of tokenization is expected to hit $1 trillion by 2024, XRP could be a huge beneficiary. 

Ripple has also launched a whooping $250 million creator’s fund in a bid to get NFT artists to draft their collections to the XRP ledger. The company has long sought to explore ways to facilitate the growth of the Ripple ecosystem, and this could be possible by bringing talented developers and creators on board. It is reported that the beneficiaries will be defined by those with NFT utility and community engagements while having little to do with location. Application for the third wave is closed with the fourth expected to be opened soon. Beneficiaries of the second wave of the fund were announced in October last year.

Read more…

Dell partners with IOTA to bring sustainable energy uses to the digital cities

IOTA Foundation has in partnership with Dell Technologies sought to bring sustainable energy use cases to digital cities in a bid to transform Urban Mobility using Intelligent Security systems (ISS). According to the report, the solution would make use of the combined approach featuring video recordings, analytics, and control center modules that run on a dedicated computer environment. One merit of this partnership is the cost-effective path for proper traffic management while taking note of the citizens’ safety. 

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Doge community awaits Elon Musk to push Dogecoin again as Twitter launches new ad share model

The Dogecoin community has maintained its excitement since Elon Musk took over Twitter in a pretty interesting fashion. Financial Times reported that Elon Musk wants fiat currencies to be used as Twitter’s primary payment method.

However, he wants engineers to make it flexible for crypto payments to be added in the future. Dogecoin investors have been more excited as Twitter rolls out a new ad share model. Elon Musk Tweeted that part of the revenue generated from advertising on the platform would be handed over to creditors. Many crypto enthusiasts are certain that this could accelerate the implementation of digital assets on Twitter. It is expected that once payments begin to be processed, fiat and cryptos could be added to the platform. 

Read more…

Stellar Lumens introduces a groundbreaking tool to issue, mint, and burn new assets on the XLM blockchain

In the latest announcement, Stellar Lumen has launched the Stellar Asset Sandbox to make it easier for users to issue, mint, and burn new assets using the Stellar testnet network. This does not need any coding knowledge. In addition, it also makes asset issuance easy for businesses and individuals. This development means users can create, issue, and manage the digital representation of fiat on the network. Using Steller’s custom and compliance tools, users can tokenize assets such as CBDCs, stablecoins, and securities. 

Read more…

VeChain announces new major partners that will take digital ecosystems to the next level

Source: Diego Ioppolo – Shutterstock

At the beginning of this month, VeChain launched a sustainability and Web3-focused IRL event called HiVe, which is expected to take place in March 2023. This would take over the VeChain summit which last occurred in 2019. Part of the idea is to foster collaboration across the Web3 community. VeChain has also partnered with the United Nations to realize the 17 sustainable development goals (SDGs) established by the UN.

Read more…

Der Beitrag CNF Brief: 6 of the biggest headlines in past week – Ripple, VeChain, IOTA, Dogecoin and Stellar Lumen  erschien zuerst auf Crypto News Flash.

• It is highly possible that VeChain could become a privacy coin despite the recent criticisms and scrutiny they have been subjected to in a bid to crack down on the black markets that actively use these coins. 

The tech pioneers have long advocated for privacy in the blockchain industry. Over the years, the likes of Monero and ZCash have been pushing the popularity of this concept in the crypto sphere. It is important to note that Monero does not only hide the Identity of parties involved in transactions. It also hides the amount to make it difficult to be traced back.

ZCash also uses a unique approach to promote privacy using the zk-SNARK protocol or zero-knowledge proofs. ZKP is a cryptographic technique used in cryptography and computer science. ZKP enables users to prove that information sent to another party is correct without the need to display the actual information. This raises the question of whether VeChain can be private like ZCash and Monero. 

In an article titled “beyond anonymity: the future of privacy with zero-knowledge-proofs ZKP,” it is stated that the interactive verification input is needed to implement the ZKP protocol. According to the article, verification input must fulfill three ZKP characteristics namely: completeness, soundness, and zero knowledge. According to the article, there are two primary weeks to implement ZKP on a blockchain. 

These are zk-SNARK and zk-STARK. The article mentions projects that use ZKP or zk-SNARK Protocols in 2023, and this includes Mina Foundation. It uses a variant of the ZK-Snark protocol known as “plonk” to offer practical zero-knowledge proofs.

No matter how many transactions are committed to the network, the Mina Protocol intends to be a light blockchain with a fixed size of just 22 kB. This size should enable everyone to manage a node and contribute to the network’s security without the need for complex computer hardware.

VeChain could become a privacy coin

Another project that helps pioneer the zero-knowledge technology is Zcash. 

It helps the use of zero-knowledge technology in the sector by supporting its privacy-preserving transactions with zero-knowledge Proof. Zcash is a cryptocurrency that offers anonymous transactions through the zk-SNARK protocol. The first widely used cryptocurrency to use zero-knowledge proofs is this one.

Other projects that make use of zk-STARK are Aztec protocol, Polygon Maiden, and Starkware industry. ZKP has several world use cases including Healthcare and other personal data privacy, Decentralized Identification, Decentralized Exchange (DEX), and Supply Chain Management. VeChain especially is a blockchain based on the supply chain management platform. It makes use of the ZKP to effectively track items and supply across the supply chain more securely and transparently. 

Provenance, a blockchain-based supply chain management software, employs ZKP to create tamper-proof supply chain records. The party has just started, and there is a long road ahead. The Zero-knowledge Proof is a powerful method to enhance data privacy, and in the coming years, we will witness novel, sustainable, scalable, and cutting-edge solutions to data privacy. 

It is highly possible that VeChain could become a privacy coin despite the recent criticisms and scrutiny they have been subjected to in a bid to crack down on the black markets that actively use these coins. 

Der Beitrag Can VeChain become a privacy coin like Monero or ZCash? ZKPs are the future in billion-$-market erschien zuerst auf Crypto News Flash.

• COTI believes that this groundbreaking initiative marks a new era for stablecoins.

Cardano is expected to react heavily to the increase in activities of Decentralized Applications on its network. Today, the Ethereum competitor has received another boost as COTI, a DAG-based Layer-1 protocol and official issuer of the stablecoin, announces the launch of DJED on its mainnet. According to the company, DJED stablecoin had been in preparation, development, and security audit for over a year before its official introduction on the Cardano mainnet. COTI believes that this groundbreaking initiative marks a new era for stablecoins.

Djed is LIVE!!!https://t.co/a9CWJtT4z4

Visit https://t.co/p7eV0jd400$DJED $SHEN $COTI @InputOutputHK @Cardano@Cardano_CF pic.twitter.com/9W7au8imrr

— COTI (@COTInetwork) January 31, 2023

Having studied the market to offset the prevailing challenges, the asset has been designed as a unique proof of reserve to stabilize and protect its value amid any possible market situation. DJED has been overcollateralized by 400 percent to 800 percent. 

After over a year of preparations and development, and following a successful security audit, we are very proud to announce that Djed, the overcollateralized stablecoin on Cardano, is now live on mainnet.

The stablecoin uses SHEN as its reserve coin while backed by ADA as its base coin. It is also pegged by the US dollar. It is worth noting that the protocol will cease the burning of SHEN and the minting of new DJED if the reserve ratio goes below 400 percent. In situations where the reserve ratio goes beyond 800 percent, users would not be able to mint more SHEN. Rather, they would be allowed to mint and burn arithmetic stablecoin when the reserve ratio surpasses 800 percent. 

Cardano network receives huge boost

The arithmetic stablecoin is also expected to unlock new opportunities for the Cardano ecosystem, Payments, Decentralized Finance, etc. The project has been massively received with over entities partnering with COTI to adopt DJED. COTI and DJED can currently be accessed on Cardano-based decentralized exchanges such as WingRiders, MinSwap, and MuesliSwap. Reports also mention that Bitrue is set to be the first crypto exchange to list both SHEN and DJED. 

COTI also disclosed to be working on other projects:

We started the chain index syncing process. This process may take 14 days, and as we started the sync a week ago, we expect to complete it next week and be ready to launch. As of right now, this is the only technical bottleneck holding up the launch.

According to them, they have made an effort to stake the ADA deposited to the Djed smart contract to generate extra awards to $SHEN holders. As part of this effort, they are developing a snapshot mechanism and UI. This will be added to the djed.xyz. In this case, $SHEN holders can effectively track their rewards. 

We have added the ability to cancel an order. Users will be able to click on the “refund button” and their transaction will be canceled (as long as it hasn’t been processed).

The launch of DJED has triggered excitement among the Cardano communities as they expect this to boost Defi activities on the network. 

ADA has reacted to this announcement with a 2.8 percent surge in the last 24 hours. The asset is currently trading at $0.39.

Der Beitrag Cardano is up 5% as stablecoin DJed finally goes live on mainnet – What you need to know erschien zuerst auf Crypto News Flash.

• Pending the official introduction in February, the product is currently in the beta stage.

Brazil is one of the most crypto-friendly countries in the world with about 10 million users as of 2022. This represented 5 percent of the total population. The country was reported to have no established crypto regulation yet. However, a proposed bill has been in discussion by the House of Commons. This will ensure additional security for active and potential investors and improve oversight of all related companies. According to the latest report, crypto exchange Binance has launched a prepaid card for Brazilian users in partnership with financial services company MasterCard. 

Pending the official introduction in February, the product is currently in the beta stage. The full implementation will make it possible for Binance customers to pay bills and shop with the card. Binance has recently prioritized bridging the gap between the traditional finance world and the fast-growing industry of digital assets. Binance and MasterCard launched similar products in Argentina, which is also among the biggest economies in the region. Cardholders can manage their card through the card dashboard on the Binance App and website. 

Maximiliano Hinz, general director of Binance in Latin America said:

Payments are one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow. By using the Binance Card, merchants continue to receive fiat and the users pay in the cryptocurrency they choose. We believe the Binance Card is a significant step in encouraging wider crypto use and global adoption and now it is available for users from Argentina.

MasterCard double down effort on crypto involvement

In the last few years, MasterCard has been so much involved in cryptos with the company partnering with crypto company Paxos to come up with a trading program strictly focused on the financial institution. Cardholders were able to purchase Non-Fungible Tokens (NFTs) in June 2022 on most of the known marketplaces. MasterCard’s crypto involvement has been closely followed by its rival. Visa earlier announced a deal with the defunct FTX exchange. The bill has, however, been terminated following the recent collapse of the FTX ecosystem. 

Walter Pimenta, Executive Vice President, Products and Innovation, at Mastercard Latin America and the Caribbean hinted at the company’s intention to collaborate with Binance on this project.

Our work with digital currencies builds on our strong foundation to enable choice and peace of mind when people shop and pay. Together with our partners, Mastercard has been leading the payments industry in enabling entry to this exciting new world, helping bring millions of additional users into crypto and other digital assets in a safe and trusted manner.

Mastercard’s New Payments Index 2022 disclosed that 51 percent of consumers in the region have already made transactions with crypto assets. Also, 54 percent of Latino consumers are optimistic about the performance of cryptos as an investment. In addition, two-thirds of the respondents look forward to the flexibility to use crypto and traditional payment methods interchangeably in their usual operations.

Elon Musk wants the Twitter payments system built with crypto in mind

In other news, Elon Musk has instructed developers to build Twitter’s payment system in such a way that it would support crypto functionality in the future. According to reports, the payment feature would be built to support fiat currencies for the start. 

Der Beitrag Bitcoin exchange Binance partners with trillion-$-company to bring crypto prepaid card to Brazil erschien zuerst auf Crypto News Flash.

• Pentoshi has also predicted that blockchain scaling solutions like Polygon (MATIC) and smart contract protocol Avalanche (AVAX) are set for massive surges.

The crypto market has stabilized a little with Bitcoin trading at stagering $23k. In the last seven days, investors have gained about 1 percent profit on their Bitcoin investment. According to some price prediction platforms, Bitcoin is in a bearish mode as current sentiment has hit a huge low.

According to some experts, investors could make a profit off altcoins as most of them are poised for an incredible run. Pseudonymous analyst Pentoshi with 671,300 followers on Twitter predicted the Bitcoin bull market last year. Pentoshi has also predicted that blockchain scaling solutions like Polygon (MATIC) and smart contract protocol Avalanche (AVAX) are set for massive surges. He believes that these assets look bullish and could surge toward a key resistance level.

Matic is currently trading at $1.12 and is up by 10 percent in the last seven days. AVAX is also trading at $20 and is up by 13 percent in the last seven days.

This one the most important and historical spot on the chart is $1.30. Think that is a great place to focus on the next major move. If able to close three-day [chart]+ above that, then we go into the previous range. Reject and back to the local lows shown.

Pentoshi predicts that AVAX is likely to see a 36 percent surge. 

AVAX prediction could be influenced by the partnership

This prediction could be facilitated by the recent partnership agreement between Amazon Web Services (AWS) and Ava Labs. The partnership is meant to assist individuals to launch and manage nodes on the Avalanche. In addition, it seeks to make the network more stronger and flexible for developers. As part of the deal, AWS will support Avalanche’s infrastructure and decentralized application (dApp) ecosystem, and also deploy one-click nodes using its marketplace. 

John Wu, president of Ava Labs said:

For us, this means, a lot of things. We have over 500 applications on the chain and we would love to give them a better experience now we have a real partnership that we can direct to the Activate program. On top of that, our users are always looking for a better experience. The one-click node is an incredible way to do it.

AVAX is still 85 percent down from its all-time high of $144. In the last 30 days, it has surged by 82 percent. Crypto predicting platform Bitnation predicts that AVAX could hit a minimum of $24 this year and a maximum of $36. 

Pentoshi wrote:

So Amazon comes to crypto, partners with AVAX, and then announces an NFT [non-fungible token] initiative, (but not confirmed if with Avax). They are making moves. Think this can run to $28 in the next month or so.

Interestingly, he believes Ethereum should not be ignored as it could pull up a big surprise. According to him, the ETH/BTC is setting up for a rally. He presented a chart that hints that the asset could hit ($1,677) for ETH/BTC. Ethereum is currently trading at $1,580.91. 

Der Beitrag Expert predicts massive rally for this altcoin and Ethereum to outperform Bitcoin – Report erschien zuerst auf Crypto News Flash.

Loyal is set to become the first customer loyalty project to be launched on the Touchpoint Open Builders Program on Shimmer Mainnet. According to the official release, they will provide a new code tool for gastronomy, hospitality, service providers, and retailers to introduce their loyalty assets as Non-Fungible Tokens (NFT). 

The loyalty asset is said to be anything like vouchers, cross-brand membership levels, utility, and access to unique products. Their presence on the Shimmer Mainnet can assist non-tech native businesses to create their loyalty assets easily. 

👀
:loyal will be the first customer loyalty project released on Shimmer mainnet! loyal starts by delivering utility NFT coupons for major German coffee brands from 1 February 2023 onwards – so feel free to download us in the App Store or Play Store." 👀 https://t.co/2a5d5S9WDp

— IOTA Vrom.iota 🦋✨️💪➡️🐙☠️🤖soon (@Vrom14286662) January 26, 2023

Loyal strives to make decentralized tech available to gastronomy, hospitality, service providers, and retailers to help them win and retain customer loyalty. Most businesses lack the resources to develop their own loyalty assets and get them in front of their customer base or community.

Members could earn and redeem in-shop

Another benefit to businesses is that their marketplace can be used to launch campaigns for their audiences. Loyal explains that it prefers to focus less on the speculative aspect but more on community and value. As part of their plan, community members could earn, purchase or add loyalty assets while they also have the option to redeem them in-shop. This is much different from their competitors as many of them choose a multi-chain approach. This ends up motivating speculators to add or purchase loyalty assets in their wallets. Eventually, they sell them for a profit at common marketplaces. 

Users can show what they earned in the future by connecting to social media. On top of that, they could battle against each other. As loyalty assets become more valuable, EVM compatibility may be added. 

From the customer perspective: Imagine loyal as OpenSea but for all the loyalty assets you can think of. Which brands do you often visit or shop at? By offering their NFTs via our app’s marketplace, these brands will incentivize you to check out the loyal app almost as often as Instagram.

Loyal has a broad target

Loyal further hints that its target is very broad and includes coffee drinkers, unlike other teams from the Web3 ecosystem. They also observe that their audiences may not necessarily be familiar with Web3 but are focused on the real-life NFT use case on Shimmer right after adding its first loyalty asset into a loyal wallet. Very soon, their initiative could assist coffee drinkers to use Web3. Also, online shop owners could have their share as it plans to support non-physical stores and apps. From the beginning of February, Loyal will start with brand-centered coupons. 

According to Loyal, they would start NFTs as coupons, and unlock utilities such as 2-for-1 offers on products and discounts off total bills.

In the long run, we’ll be disruptive to the extent that businesses will for the first time be able to offer inter-brand loyalty assets: frequent spending at brand X (for example your favorite coffee chain) will unlock utility, higher level, and/or collectibles at brand Y (for example, your go-to airline).

Shimmer’s Tangle would be largely relied on to ensure transparency across purchases as well as redemption transactions of NFT. 

Der Beitrag IOTA: Customer loyalty project launches on Shimmer with major German coffee brands onboard erschien zuerst auf Crypto News Flash.

• While the crypto is witnessing a bull dominating markets, some DApps on the Cardano network have been tipped to help drive the price of ADA to the top when adoption gains steam. 

It was reported late last year that the Decentralized Applications (DApps) on the Cardano network had seen a surge in unique account growth. Indigo Protocol topped the list with a surge of 62,109 percent in unique accounts. Earlier this month, DApps on the Cardano chain recorded an incredible milestone completing up to 16 million transactions. 

As of January 4, the number of unique accounts on all DApps surged to around 255K. While the crypto market is witnessing a bull dominating markets, some DApps on the Cardano network have been tipped to help drive the price of ADA to the top when adoption gains steam.

Top #Cardano Dappshttps://t.co/eoyIWJd5tb pic.twitter.com/lsvmlV70Bb

— Darren ☘🇮🇪 (@CryptoIRELAND1) January 26, 2023

DApps on Cardano that can trigger a bull run

The first DApp that could act as a catalyst for ADA’s price surge is JPG Store. According to DappRadder, this is the highest-ranked project on the Cardano network. JPG Store has recorded a $12.37 million transaction volume in the last 30 days. Within the same period, 830K transactions have been facilitated and have $738K in total fiat value of assets in a DApp’s smart contract. It has 29.73K unique active wallets interacting or performing transactions with DApp’s smart contract. 

It describes itself as a Cardano Non-Fungible Token (NFT) marketplace that allows users to buy and sell Cardano NFTs, makes offers, etc. 

JPG store is a Cardano NFT marketplace that allows you to discover artwork, support creators, and join communities on a decentralized blockchain.

The marketplace has a launchpad and a minting feature that provide support for artists in the Cardano community and assist them to turn their art into an NFT. 

Labs by Mutants and Minswap

Labs by Mutants is another project that could help drive the price of ADA up. On the DappRader rankings, it is the second on the list with a total transaction volume of $729K in the last 30 days. Within the same period, 202K transactions have been facilitated. Its total fiat value of assets in a DApp’s smart contract is $28K. It also has 8.28K of unique active wallets. 

Labs by Mutants exist as the next-generation platform for NFT holders and creators. It describes itself as the best staking and raffle service for NFTs on Cardano. 

The third DApp on the Cardano network expected to drive the price of ADA is Minswap. This project is a decentralized exchange on Cardano that enables users to trade their tokens. Users can do all of these from their mobile with the MinWallet. 

Provide Liquidity or Zap to earn trade fees. – MIN Farms and Double Farms: Stake your tokens on Minswap’s Farms to get rewards. – Portfolio : Keeping track of all of your liquidity.

– Launch Bowl: Get exclusive access to farm new tokens by being a liquidity provider!

Minswap is ranked third by DappRader with a total volume of $82.74 million in the last 30 days. Within the same period, 394K transactions have been processed with $39.62 million total fiat value of assets in a DApp’s smart contract. It has 16.73K of unique active wallets. 

Many crypto influencers have predicted that ADA could hit $1 in the first half of 2023, and could be largely triggered by the activities on the Cardano network. ADA is currently trading at $0.37. 

Der Beitrag These Dapps could drive price when adoption gains steam – ADA poised to reach $1 erschien zuerst auf Crypto News Flash.

IOTA officially launched the Shimmer network on September 28, 2022, after months of battle testing. Shimmer was designed as a separate layer 1 network to foster a new dApp and smart contract ecosystem. It is also important to note that the Shimmer UTXO-based ledger has zero fee transaction and parallel layer 2 chain connectivity in addition to its high scalability and five-second finality time. Following the launch, Nakama Labs, a Web3 Builder, and Venture Fund has disclosed its plans to build and invest in dApps on top of Shimmer. 

In a Twitter thread, Robert Daykin, the co-founder of Nakama Labs explained the reason for such a move.

I've been asked a lot lately why @Nakama_Labs are focused on building and investing on #Shimmer #IOTA. I figured I'd respond in this tweet 🧵👇#web3 #DeFi #GameFi #NFT

— Kappy (@Rob_Daykin) January 24, 2023

According to him, there is no layer-1 for either minting or moving assets. This makes it more cost-effective for creators and users. 

ShimmerEVM uses a random order consensus to confirm transactions, which prevents sandwich/front/back running MEV attacks on Dexes. This ensures a more secure and fair trading environment.

Daykin also mentioned that there is a large established community with no opportunity to adopt Web3 applications on the IOTA network. This could be possible with the ShimmerEVM. 

Also, there is higher security and efficiency in moving assets between chains on top of layer 1. This means there will be no need for third-party centralized or decentralized bridges since the security would be guaranteed by the layer-1 DAG. 

Shimmer layer -1 allows new smart contract chains

Another reason for this decision is that the Shimmer layer-1 allows the launch of new smart contract chains that provide more efficient language. It opens endless possibilities for innovation and growth.

With these USPs, we are optimistic that we can start to unlock more of the potential of #Web3. Which offers advantages if deployed correctly over its Web2 cousins. We’ve only just started to scratch to the surface of what is possible.

Nakama Labs also thinks that Shimmer has a unique advantage which is a layer-1 feeless and environmentally friendly creation of tokens and NFTs. Adding to the submission of Daykin, Nakama Labs confirmed that Shimmer would support additional chains which are secured by Shimmer layer-1. This means each chain would address the problem of congestion.

Feeless asset transfers on L1 have the potential to revolutionize the transfer of value. F.ex, the ability to mint stablecoins securely and feelessly have the potential to disrupt the banking system relying on a legacy transfer system that has not innovated since the 70s.

Its compatibility with the Stardust Tokenisation Framework is said to enable the horizontally scalable and modular multi-chain architecture that ensures that the processing of sovereign smart contract networks in parallel is allowed. This enables well-retaining composability across the chain.

Its uniqueness lies in its ability to keep track of ownership of multiple assets. Comparatively, Proof of Work (PoW) or Proof of Stake (PoS) based blockchains only keep track of ownership for a single digital asset. The native token of the Shimmer network is SMR. 

Der Beitrag IOTA: This is why billion-$-companies and Nakama Labs build on the tangle and Shimmer Ecosystem – Report erschien zuerst auf Crypto News Flash.

Most cryptocurrencies broke through multiple resistance levels to record some interesting feats this month with Bitcoin climbing above $21k for the first time since November last year. Shortly, the asset fell marginally as sentiments hit neutral. According to the latest market data, Bitcoin’s current sentiment has reached “bullish” with the price trading a little above $23k. This is a 9.5 percent increase in the last seven days. 

Ethereum is also enjoying a bullish sentiment with a trading price of $1,635 and a weekly surge of 4.7 percent. Almost all the top altcoins are in green including Solana which almost crashed after the collapse of the FTX empire. The asset is currently trading at $24, and investors have made a weekly gain of 5.6 percent. Regardless, the question of whether this is a breakout or a fakeout remains within the minds of investors. 

A post on the Sentiment Community platform Ethereum “The Pump Hunter’s Guide: How to spot and profit from artificially inflated crypto prices” explains how Bitcoin, Ethereum, and Litecoin whales could impact upcoming price levels. According to the post, the crypto community is largely aware of the recent market trend of artificially inflating prices called “pump”. Santiment is a market intelligence platform. 

📊 According to our latest community post, there is unpredictability surrounding #altcoin pumps that have happened in the markets throughout January. Read their opinion, and how #Bitcoin, #Ethereum, and #Litecoin whales will impact upcoming price levels. https://t.co/cztaupDkn1 pic.twitter.com/OMXlY8xTI6

— Santiment (@santimentfeed) January 23, 2023

Bitcoin investment could go bad

The fact that the market could experience a downturn a few days after a pump does not make its investment recommendable. 

Such operations usually go unnoticed unless the whales or large holders who are usually behind this begin to sell their positions. The post further states that this has been the situation for Bitcoin, Ethereum, and Litecoin which ends up pushing altcoins like Solana, Cardano, Dogecoin, etc up the price curve. While many investors are jumping onto a moving train to take advantage of the mini rally in the market, the post advises that this could be dangerous.

It is advised to be cautious and wait for better opportunities in the market rather than jumping into a potentially unstable investment. Stay safe.

Other experts have refused to link Bitcoin’s current rally to the deliberate activities of whales. According to them, the price is reacting to the Bureau of Labor Statistics (BLS) CPI report which discloses that the overall inflation of urban consumers is declining by 0.1 percent. This is said to be the largest drop since April 2020. It is expected that this data could trigger a less harsh Federal Reserve interest rate hike at the Federal Open Market Committee meeting expected to occur on February 1. 

Governor Christopher Waller gave a hint:

Based on the data in hand at this moment, there appears to be a little turbulence ahead, so I currently favor a 25-basis point increase at the FOMC’s next meeting at the end of this month.

The cooling US dollar Index (DXY) has also been said to be a huge boost for Bitcoin. Analysts have observed that sentiments for Bitcoin increase whenever DXY retracts. Also, Bitcoin and major stock indices share a correlation coefficient. In this case, Bitcoin could surge with the bullish equities markets if the interest rate is favorable.  

Der Beitrag These altcoins are going to pump because Bitcoin, Ethereum and Litecoin whales are on buying spree erschien zuerst auf Crypto News Flash.

The US Securities and Exchange Commission filed a lawsuit against Ripple Labs in 2020 for selling XRP without registering it as a security. The claim has been strongly contested by Ripple, stating XRP should not be considered an investment contract. According to their position, the token was created to facilitate cross-border transactions between banks and other financial institutions. 

The case is finally edging to an end with Ripple and SEC submitting final rounds of briefs in a bid to secure a summary judgment of the case. This has been confirmed by U.S. defense lawyer James K. Filan, who in his latest tweet informed his followers that “everything is briefed” in the lawsuit as of January 19, 2023.

This simply means that both parties involved in the case have made filings including motions to seal all necessary materials that have to do with the summary judgment motions. It is reported that Judge Analisa Torres is currently reviewing the materials to come up with a final ruling. 

The XRP community has shown a massive interest in the case since 2020 and has constantly been updated by Filan who received commendations from Attorney Jeremy Hogan, a partner at Hogan & Hogan law firm for his effort. Filan has also provided the community with the scheduling update of the lawsuit. According to XRP community attorney John Deaton, this is the best update ever. 

The best update ever https://t.co/DhpE2lJykz

— John E Deaton (@JohnEDeaton1) January 20, 2023

Attorney Jeremy Hogan thinks the SEC and Ripple lawsuit is quite complicated

Recently, Filan predicted that the judge could decide on both the expert motions and summary judgment on or before March 2023.

I am sticking to my prediction that District Judge Torres will decide both the Expert Motions and the Summary Judgment motions at the same time – on or before March 31, 2023.

Attorney Jeremy Hogan, however, believes that the case is more complicated than how people think. According to him, the judge can decide on any piece of the suit at any time. Also, he expects that a judgment could take a while for people to figure out whether it was a win for Ripple or not.

Ripple CEO Brad Garlinghouse has also confirmed that the ruling may likely come out in the first half of the year. 

The case is now fully briefed in front of the judge […] We are optimistic that this will certainly be resolved in 2023, maybe the first half. We’ll see how it plays out from here, but I feel very good about where we are relative to the law and the facts.

At an event organized by the Practising Law Institute, SEC chair Gary Gensler stated that the vast majority of cryptos are securities. According to Garlinghouse, this claim leaves very little space for settlement. The Ripple CEO has repeatedly stated that the outcome of the case will mean a lot to the entire crypto industry. He believes that crypto is still thriving outside the US. For this reason, it is important to engage non-US regulators as well.

The case could have a significant impact on the XRP price. Any victory for Ripple Labs could send the price to $1 as exchanges may relist the asset for a wider audience.

Der Beitrag Ripple is all set and ready to win the SEC case – XRP to hit $1 at this date erschien zuerst auf Crypto News Flash.