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Finance

Bitcoin, Ethereum, and Other Cryptocurrencies Tumble as Market Cap Approaches $1 Trillion

Cardano Founder Says, Vitalik Buterin Will Go to Prison

December 5, 2023 Benjamin Noah 0

Vitalik Buterin, the co-founder of Ethereum, may go to prison, according to Charles Hoskinson, the founder of Cardano. Hoskinson claimed on social media that being […]

Crypto Community Lauds Hoskinson's Absence from 'Most Influential' List

Crypto Community Lauds Hoskinson’s Absence from ‘Most Influential’ List

December 5, 2023 William Ross 0

Charles Hoskinson, the founder of Cardano, has been conspicuously absent from CoinDesk’s recently released list of the “Most Influential People in Crypto.” This omission has […]

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Manchester United Set to Undergo Significant Ownership Change

December 5, 2023 Aklimson Phangcho 0

Manchester United, one of the most storied football clubs in English history, is poised for a major shift in ownership dynamics. According to recent reports, […]

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Swiss Bank Banque Pictet Admits to Hiding $5.6 Billion from IRS, Settles for $122.9 Million

December 5, 2023 Aklimson Phangcho 0

In a startling revelation, Banque Pictet, the private banking arm of the venerable Pictet Group, has confessed to conspiring with U.S. taxpayers to conceal a […]

False Alarm Sends Bitcoin Markets Reeling

Bull Run Predicts $100K Bitcoin by 2024, Crypto Execs Optimistic

December 5, 2023 Shrabani Sarkar 0

Executives in the cryptocurrency industry called the start of a new bull run with a growing number of voices calling for fresh all-time highs for […]

The SEC’s green light for Bitcoin ETF

Bitcoin(BTC) Price Poised for a Rally to $45,000, Analyst Predicts

December 4, 2023 William Ross 0

Get ready, Bitcoin bulls! According to crypto analyst @rektcapital, the king of cryptocurrencies is gearing up for a potential surge towards $45,000. This exciting prediction […]

Visa partners Grow Asia as Business Council Co-Chair to support financial inclusion for smallholder farmers in Southeast Asia

Visa partners Grow Asia as Business Council Co-Chair to support financial inclusion for smallholder farmers in Southeast Asia

December 4, 2023 Asra Mairaj 0

As a council member and co-chair of Grow Asia Business Council in 2023, Visa will enhance the knowledge and capacity of Grow Asia’s programs to […]

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2024 Social Security Benefits: $1281 Checks Released – When Can You Expect Your Monthly Payments?

December 4, 2023 Aklimson Phangcho 0

Understanding the 3.2% Increase In a recent announcement, the Social Security Administration (SSA) disclosed a 3.2% increase in Social Security and Supplemental Security Income (SSI) […]

Golden Surge: NewEdge Wealth Predicts Unprecedented Rush in Record-Breaking Gold Fever

Golden Surge: NewEdge Wealth Predicts Unprecedented Rush in Record-Breaking Gold Fever

December 4, 2023 Shrabani Sarkar 0

The record gold rush may intensify into year-end. According to NewEdge Wealth’s Ben Emons, the year’s final month typically creates a bigger appetite for the […]

Give the Gift of Giving: Charitable Gift Annuity for Holiday Joy & Income Bliss

Give the Gift of Giving: Charitable Gift Annuity for Holiday Joy & Income Bliss

December 4, 2023 Shrabani Sarkar 0

This holiday, consider making a gift that keeps on giving…to you. It’s well-known that charitable contributions made before yearend can provide a tax deduction. But, […]

Global Pension Funds Retreating from China: Mike Dolan Report

Global Pension Funds Retreating from China: Mike Dolan Report

December 3, 2023 Shrabani Sarkar 0

Even allowing for China’s messy cyclical ebb and flow and global political tensions of the day, the exit of long-term foreign capital from the world’s […]

2023 Cash Rush: Money Market Gains Bring Potential Tax Strain

2023 Cash Rush: Money Market Gains Bring Potential Tax Strain

December 3, 2023 Shrabani Sarkar 0

Experts say that if you funnel cash into money market mutual funds in 2023 amid rising interest rates, you may have a surprise tax bill […]

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Farewell to a Trailblazing Legend: Investors Reflect on the Loss of Charlie Munger’s Acumen, Wisdom, and Irreverence

December 3, 2023 Aklimson Phangcho 0

Investors worldwide mourn the loss of Charlie Munger, the vice chairman of Berkshire Hathaway, as his unparalleled business acumen and sharp tongue leave an indelible […]

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Social Security Administration’s December Double Payment: Unraveling the Reasons

December 3, 2023 Aklimson Phangcho 0

A Boost Amidst Inflation Throughout December 2023, recipients of Supplemental Security Income (SSI) in the United States are in for a double payment treat. The […]

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Gold Fever Continues: NewEdge Wealth Predicts Record Rush to Intensify

December 3, 2023 Aklimson Phangcho 0

December’s Historical Impact on Gold Performance The final month of the year is poised to fuel the ongoing gold rush, with NewEdge Wealth’s Ben Emons […]

Pfizer Shares Drop as Obesity Drug Study Halted Due to Patient Reactions

Pfizer Shares Drop as Obesity Drug Study Halted Due to Patient Reactions

December 2, 2023 Shrabani Sarkar 0

Pfizer (PFE) – Get Free Report shares slumped lower Friday after the drugmaker said it would not advance a study of its two-dose obesity treatment […]

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Federal Reserve Chair Powell Addresses Market Expectations and Inflation Concerns

December 2, 2023 Aklimson Phangcho 0

Powell Pushes Back on Rate Cut Speculations In a recent development, Federal Reserve Chairman Jerome Powell delivered a speech pushing back against market expectations for […]

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Why Individuals Receiving SSI Will Obtain Dual Payments in December

December 2, 2023 Aklimson Phangcho 0

As we approach the dawn of 2024, the Social Security Administration (SSA) has unveiled several noteworthy adjustments that will impact beneficiaries. From early payments to […]

XRP Price Explodes Over 70% as Judge Rules In Favor of Ripple in SEC Case XRP, the native cryptocurrency of the Ripple network, has surged by more than 70% in the past 24 hours, reaching its highest level since May. The price spike came after a U.S. judge denied the Securities and Exchange Commission's (SEC) request to access Ripple's legal communications. What is the SEC's lawsuit against Ripple? The SEC filed a lawsuit against Ripple and its executives in December 2020, alleging that they sold $1.3 billion worth of XRP as unregistered securities. Ripple has argued that XRP is not a security, but a digital asset that is used for cross-border payments and remittances. The company also claimed that the SEC did not provide fair notice to the market about its regulatory status. How did the judge rule in favor of Ripple? On June 30, U.S. Magistrate Judge Sarah Netburn denied the SEC's motion to compel Ripple to produce documents related to its legal advice on XRP. The judge ruled that Ripple's communications with its lawyers are protected by attorney-client privilege, and that the SEC failed to show a "substantial need" to access them. The judge also noted that the SEC's request was "overly broad" and "disproportionate". What does this mean for XRP and the crypto market? The judge's ruling is seen as a major victory for Ripple and a setback for the SEC, as it could weaken the agency's case against the company. The ruling also boosted the confidence of XRP investors, who have been waiting for a resolution of the legal dispute. XRP's price jumped from around $0.6 to over $1 in a matter of hours, making it one of the best-performing cryptocurrencies in the market. The rally also lifted other altcoins, such as Stellar, Cardano, and Dogecoin. What are the next steps in the lawsuit? The lawsuit is still ongoing, and both parties are expected to continue their discovery process until August 31. The SEC has also filed a motion to extend the deadline for fact discovery by 60 days, citing the complexity of the case and the need for more time to review documents. Ripple has opposed this motion, arguing that it would cause further harm to its business and customers. The judge has not yet ruled on this motion. Conclusion XRP's price has exploded over 70% as a U.S. judge ruled in favor of Ripple in its lawsuit with the SEC. The ruling denied the SEC's request to access Ripple's legal communications, which are protected by attorney-client privilege. The ruling is seen as a major win for Ripple and a boost for XRP investors, who have been waiting for a positive outcome of the case. The lawsuit is still ongoing, and both parties are expected to continue their discovery process until August 31.

XRP remains outside Ripple’s Liquidity Club even after 5 months? Here’s how Ripple CTO reacts

December 2, 2023 Najuk Priya 0

Ripple has expanded its Liquidity Hub program to include stablecoins USDT and USDC products, especially for institutional investors. However, it became embroiled in a slew […]

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XRP Supporters Protest Binance’s XRPL Network Suspension

December 1, 2023 William Ross 0

According to a report from Bloomberg, the XRP army is rallying after Binance temporarily froze XRPL network access. The freeze was reportedly implemented in response […]

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