Finance

Exploring the Benefits and Prospects of CBDCs in 2023

July 24, 2023 Rishika Chawla 0

Recent digital upheavals, such as the rise of cryptocurrencies and blockchain technology, have caused ripples in the financial services industry, and central banks are watching […]

Tezos is a decentralized blockchain platform that stands out for its self-amending protocol and on-chain governance

Top 10 AI Cryptocurrencies: Exploring the Blockchain-Powered AI Revolution

July 24, 2023 Parshuram Shalgar 0

Artificial Intelligence (AI) and cryptocurrency are two of the most quickly developing and innovative technologies in the world today. Combining the two has led to […]

Elon Musk Says ‘Good Podcast’ After Ripple-Focused Episode Features SEC Victory

July 21, 2023 Bony Adnan 2

Elon Musk recently shared a tweet about Ripple beating the SEC in court. The tweet was from the podcast “Ripple Drops the SEC Lawsuit Bombshell,” […]

Crypto Miners Flee China as Crackdown Intensifies

July 21, 2023 Ritika Khara 1

China has once again cracked down on cryptocurrency, this time by banning the mining and trading of Bitcoin and other digital currencies. The latest move […]

Canadian pensions funds keen to invest in India, says finance minister

July 18, 2023 Shrabani Sarkar 0

Indian Deputy Prime Minister and Minister of Finance Chrystia Freeland said on 16 July that Canadian pension funds will be interested in exploring Indian investment […]

US Stocks Edge Higher As Fed Finale Looms

Amazon stock outlook

July 17, 2023 Dexter Cason 0

Founded in 1994 as an online store specializing in selling consumer goods, nowadays, Amazon is one of the largest companies in the world offering online […]

How to fill different types of cheques?

July 17, 2023 Parshuram Shalgar 0

Cheque is a banking instrument used to order the bank by an account holder to pay an individual whose name is written on the cheque […]

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.

Ripple (XRP) Price Explodes Over 70% as SEC Loses Key Round in Battle

July 14, 2023 Rishika Chawla 3

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. […]

XRP Skyrockets 26% Following New York Judge’s Ruling in SEC Lawsuit

Judge rules XRP is not a security in SEC’s case against Ripple

July 14, 2023 James Oliver 1

In a landmark decision, a federal judge has ruled that XRP, the cryptocurrency used by Ripple, is not a security and therefore not subject to […]

Ripple Chief Monica Long Makes the Case for Crypto in the New York Times

Ripple Scores Major Victory in SEC Case, XRP Not a Security

July 14, 2023 Emma Grace 1

Ripple Labs, the developer of the XRP blockchain, has won a major victory in its legal battle with the US Securities and Exchange Commission (SEC). […]

Milei's Bitcoin Vision: A Tax Declaration Bill for Argentina

The Benefits of Buying Bitcoin with Cash

July 13, 2023 Reeti Garg 0

Investors have taken notice of Bitcoin, a prominent cryptocurrency. This is due to its favorable financial characteristics such as high return on investment and value […]

Solana’s record-breaking 1 billion inflow: What’s behind the SOL surge?

July 8, 2023 Riya Shalgar 0

Solana (SOL) has been on a tear lately, surging to new all-time highs and becoming the sixth-largest cryptocurrency by market capitalization. The rally has been […]

Bitcoin: The Only Asset That Can Survive the Coming Crash, Says Robert Kiyosaki

Crypto User claims Crypto.com refuses to return $50,000 sent by mistake

July 8, 2023 Willy Harper 1

A cryptocurrency exchange is facing a legal dispute with one of its users who claims he deposited $50,000 into his account by mistake and wants […]

Altcoins worth $100 billion dropped in hot water after U.S. lawsuits against Binance and Coinbase

Bitcoin(BTC) slips below $30K, falls 3%; Is this the end of the rally?

July 7, 2023 Willy Harper 2

The world’s largest cryptocurrency by market capitalization has dropped below the $30,000 mark. The digital asset was trading at $29,876 as of 8:00 a.m. GMT […]

Shiba Inu Lead Shytoshi Kusama Drops LEASH Token Bombshell

Crypto Prices: Fantom and ApeCoin face a major setback as they fall 10% in a day

July 7, 2023 William Johnson 1

Fantom (FTM) and ApeCoin, two popular cryptocurrencies, have experienced a significant drop in their prices on July 7, 2023. According to CoinMarketCap, FTM fell by […]

5 Reasons to Use a White Label Solution And Why It is Good For Your Business

Institutional Forex Liquidity: What Is It, and Why is It Important?

July 5, 2023 Rishika Chawla 1

As you might not know, private traders are unable to independently access the “Forex market,” which is the location where all currencies are purchased and […]

S&P 500 and FTSE 100: A Comparative Analysis of Global Stock Market Indices

PAMM vs MAM: What You Need To Know To Compare?

July 5, 2023 William Ross 0

If you want to invest in the financial markets, you’ve probably heard of the terms PAMM and MAM – two investment methods that are closely […]

Ethereum Payment Methods: What You Need To Know To Get Started

July 5, 2023 James Oliver 0

Business owners often wonder how to accept Ethereum payments on my website. Because it is a new technology, there are some unknowns about how it […]

What are Commodities and How Are They Traded?

July 5, 2023 Rishika Chawla 0

Goods, like stocks, could be traded on exchanges. The Chicago Mercantile Exchange (CME), New York Mercantile Exchange (NYMEX), and London Metal Exchange (LME) are all […]

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

How to Ensure You Have Access to Sufficient Liquidity When Trading Crypto CFDs

July 5, 2023 Reeti Garg 0

Types of Crypto Liquidity While trading any asset, particularly cryptocurrency, liquidity is critical. Decentralized exchanges with lesser liquidity than stock exchanges often use for trading […]