U.S.-based crypto exchange Kraken sends notice to customers who could receive money or other benefits from the Zakinov V. Ripple lawsuit.

Read more on: https://thecryptobasic.com/2024/02/09/kraken-notifies-xrp-holders-about-monetary-incentives-in-zakinov-v-ripple-lawsuit/
#XRPHolders #Kraken #Crypto #CryptoNewsFlash #CryptonewswithJack

#Write2Earn XRP holder's lawyer John Deaton has slammed the SEC's attorneys for wrongfully describing Bitcoin (#BTC ) as a coin with no #ecosystem. #XRPHolders lawyer John Deaton has come out to slam the lawyers representing the United States Securities and Exchange Commission (SEC) over the Bitcoin ($BTC ) statement made during the past week’s hearing in the ongoing Coinbase Global Inc. lawsuit.The SEC’s Misconception About Bitcoin (BTC)While Bitcoin (BTC) is not the primary bone of contention in the lawsuit, the SEC lawyers made an analogy regarding the coin’s security status. As pointed out by renowned crypto lawyer MetaLawMan, the SEC attorneys said Bitcoin (BTC) cannot be tagged a security as it does not have an ecosystem around it.This is typically one of the major premises of the market regulator in the fight against crypto firms over the security status of digital currencies. The regulator believes the presence of a body, a development team, or a DAO that can easily be pointed out forms a common interest that is in charge of investor’s funds.One major fault in this analogy is that crypto systems are generally decentralized and so are the on-chain operations of any particular coin. While most blockchain-based firms have a development team in place, these typically function based on the overall interest of members of their #community and not vice-versa.John Deaton faulted the SEC’s argument in this regard, MetaLawMan ironically pointed out the massive community behind Bitcoin (BTC) as showcased in its hashrate that has soared to a new All-Time High (ATH) of 500 exahashes.It was, to me, the most ridiculous thing SEC lawyers uttered at the hearing. But, then again, if there’s one thing I’ve learned about SEC lawyers, it’s that they absolutely refuse to let the truth get in their way. https://t.co/B2Aj64XY2R— John E Deaton (@JohnEDeaton1) January 21, 2024Attaining this milestone is no small feat, considering that many computers around the world are plugged into the network in a decentralized and autonomous manner to maintain the integrity of the Bitcoin network.SEC’s Unrelenting FightThe market regulator held onto its erroneous idea about Bitcoin (BTC) despite the series of conversations in its prior legal battles as it relates to coins within the digital currency ecosystem.The SEC sued Ripple Labs Inc in December 2020 and it was not until July last year that Judge Analisa Torres declared in her historic ruling that XRP is not in itself a security. The premise of this ruling stems from the argument from Ripple’s lawyers that $XRP is a piece of code with a simple payment utility undertone.Rather than learn from this, the markets regulator pressed on with its lawsuit against Coinbase and Binance, declaring other assets like Cardano ($ADA ), Solana (SOL), and Polygon (MATIC) as securities as well.With its Coinbase fight, analysts are projecting a 70% win odds for the crypto exchange.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.

#BTC CoinsKid's recent warning has sparked concerns among #XRPHolders Disclaimer: 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. In a recent tweet, #coinskids , a well-known crypto analysis and tracking service, issued a warning about $XRP , asserting that there was a necessity for the bulls to step in for the coin. Otherwise, the tweet indicated the potential for a more substantial macro correction for XRP, playing out toward the $0.38 price level. This cautionary note has sparked concern among XRP holders, raising questions about its short-term performance.We need to see the bulls step in here for #xrp. Otherwise, we could see a bigger macro correction play out towards the 0.786 at $0.38Squeaky bum time. TICK TOCK pic.twitter.com/jKlBsiXu6h— CoinsKid (@Coins_Kid) January 19, 2024As of the latest update, the XRP price stands at $0.5499, reflecting a 2.28% decrease in the last 24 hours and an 8.42% decline over the past week. This downtrend has added to the growing unease within the #XRPcommunity , as market participants closely monitor the digital asset's movements amid a challenging market environment.Bearish sentiment prevailsAs previously reported by U.Today, analyst Ali Martinez, who has been closely tracking XRP's price action, also highlighted the coin's struggle to maintain its position above the crucial support level of $0.55. Martinez warned that if this support level fails to hold, the cryptocurrency could be poised for a significant sell-off, potentially dragging XRP toward the $0.34 mark.The current market sentiment surrounding XRP reflects a cautious outlook, with traders and investors anxiously awaiting signs of bullish momentum to counter the looming threat of a macro correction. The cryptocurrency market is known for its volatility, and XRP's recent performance has underscored the need for a careful assessment of market conditions.XRP enthusiasts and market participants are now closely watching key technical levels and potential support zones to gauge the likelihood of a price recovery. The $0.55 level remains a critical threshold, and its ability to act as a support or resistance in the coming days may dictate the near-term trajectory of XRP.The broader cryptocurrency market context, influenced by factors such as regulatory developments, market sentiment and macroeconomic trends, further contributes to the uncertainty surrounding XRP's future price movements. Traders are advised to stay vigilant and employ risk management strategies to navigate current market conditions.#MANTA

Following the delisting of XRP from the NYDFS’ greenlist, prominent legal expert James Murphy filed a FOIA request with the New York regulator to ascertain the rationale behind the decision.

Read more on: https://thecryptobasic.com/2024/01/26/xrp-removal-from-nydfs-greenlist-legal-expert-seeks-answers-with-foia-request/

#xrp #XRPMovement #XRPHolders #Crypto #CryptonewswithJack

What happened in crypto industry over past day? Read @Àża 1 's news digest to find out!
#RippleCEO names most important date for #XRPHolders
Legendary trader John Bollinger breaks silence on Bitcoin price
Shiba Inu (SHIB) might reverse in next 3 days: Here's why
Don’t miss anything in the world of crypto with @Àża 1 ’s top three crypto news stories over the past day.
Ripple CEO names most important date for $XRP holders
During his recent appearance at XRP Apex 2024, together with his colleague David Schwartz, Ripple CEO Brad Garlinghouse commented on the company's ongoing legal battle with the SEC. When asked about whether Ripple's position from a regulatory perspective is improving,  Garlinghouse claimed that his company is getting close to the end of its lawsuit with the regulating agency. "You know, in some ways, you look at that now and you say we're almost at the very very end of that journey," the CEO stated. Garlinghoused then added that in his estimation, even though no one can control when the judge makes her decision, the case is going to be resolved at "the end of summer." "Somebody asked me if it would be by the end of August. I pointed out that Sept. 21 is the end of summer, so I don't know," Garlinghouse said.
Legendary trader John Bollinger breaks silence on #bitcoin price
While Bitcoin is experiencing significant volatility, financial analyst John Bollinger has taken to X platform to share his view on the flagship crypto's price movements. Over the past few weeks, Bitcoin has dramatically fluctuated; it quoted around $70,000 and then abruptly dropped by about 4%. This decline occurred after a period of price consolidation, during which Bitcoin appeared ready for a new high. Bollinger addressed the market's belief that extended periods of consolidation can lead to significant price gains. Citing an old market principle, "the bigger the base, the higher in space," he suggested that a strong base period would result in substantial upside. The key question now is whether #BTC will hold this level or see further changes.
Shiba Inu ($SHIB ) might reverse in next 3 days: Here's why
Shiba Inu approaches a critical price threshold; the 200 EMA is expected to turn into the primary support level for the meme token in a bullish mode. However, the break below it will definitely pose significant issues, forcing Shiba Inu into the void and possibly setting off the death cross. At the moment, Shiba Inu is changing hands at $0.00002121, trying to stay above key support levels. The crucial level to watch now is the 200-day Exponential Moving Average. If SHIB can keep its footing above this level, a major reversal could occur. However, if this support is not maintained, further declines and a bearish trend could occur. The price of SHIB could rise for a few reasons. As always, good news or changes in the Shiba Inu ecosystem could trigger a price reversal, as well as the market's recovery or a rise in interest from institutional investors.
#AirdropGuide

#BTC As 2023 draws to an end, $XRP , the sixth-largest cryptocurrency by market capitalization, is on the verge of reaching a remarkable milestone of 5 million holders.According to data from #XRPL Services, there are currently 4,979,903 accounts that hold XRP, and the number is growing steadily.A whopping 59,279,426,679 XRP is held in these accounts, while 1,402 addresses maintain 0 XRP balances.This impressive achievement reflects the increasing popularity and use of XRP, one of the largest and oldest digital assets in the crypto market.In over a decade, XRP has maintained its position in the top 10 by market capitalization, with a current value of over $33.86 billion.At the time of writing, XRP was down 1.66% in the last 24 hours to $0.626.Ripple 2024 predictionsAs 2023 comes to a close, #XRPHolders have many reasons to be optimistic and look forward to the future. This year, Ripple was handed a pivotal win in the SEC lawsuit as XRP was declared not to be security.As reported, Ripple's Chief Legal Officer Stuart Alderoty predicted the very final end of the lawsuit in 2024.RelatedRipple: Epic 2024 Forecast After SEC LawsuitRipple also forecasts a utility boom in 2024, predicting that funding will rebound with a renewed emphasis on enterprises solving real-world problems rather than focusing solely on infrastructure.Fintech firms showed greater interest in cryptocurrency in 2023, and according to Ripple's 2023 New Value Report, 3/4 of financial institutions are likely to explore digital asset services in the next three years, particularly for cross-border payments.Ripple anticipates a rise in fintech and crypto partnerships in 2024 to bridge the gap between emerging and existing financial technology and address legacy pain points.#ai 🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. #Launchpool @Àża 1

Ripple holders are expecting to have big gains with $XRP , thinking that it will cost more than 5$, 10$ and 100$. Due to the fact that Ripple team have craeted a good marketing game. Almost everyone heard about the XRP partnerships and how XRP will grow up. And the people that don't understand nothing in crypto think that it's real, and they will become millionaires. Now I will explain you why XRP is not a good investment for this Bullrun.
XRP already have a $34Billion market cap, that means, to duplicate XRP price is needed more $34Billion market cap. So Ripple is a cryptocurrencie with a big market cap, so that's why the price stay the same during months.
So, how much market cap does the XRP need to reach 5$, 10$ and 100$:
XRP needs a $269Billion market cap to reach 5$ price;XRP needs a $539Billion market cap to reach 10$ price;XRP needs a $5Trillion market cap to reach 100$ price
You need to understand that reaching $5trillion marketcap is impossible, due to the fact that all crypto market cap is less than $3Trillion. Also reaching $539Billion market cap on this bull run is 99%impossible. So stop dreaming and start investing in good projects.
If we analyze the full crypto market, we can see that there was only two cryptocurrencies that ultrapassed $120Billion market cap, BTC and ETH.
So the proabability to ultrapass it, is small.
On the last Bullrun XRP reached $115Billion market cap, having a 3.02$ price. If on this Bullrun it reaches the same $115Billion market cap, it will have a 2.13$ price, only having a x3ROI from now.
Analyzing all this information, we can conclude that it will be difficult for XRP to have a big surge, and make all of you milionaires. There is a probability to reach between $120Billion and $200Billion market cap, so the price will be between 2.20$ and 3.70$. Even if it reaches a $200Billion market cap, you will have only x6ROI from the 0.63$ price.
THIS MESSAGE IS FOR ALL XRP HOLDERS👇👇👇
Stop dreaming that you will be millionaire holding XRP, even the memecoins have more probability to turn you into millionaires.
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Always do your own research(DYOR)
#XRP/USDT🔥🔥 #XRP/USDT🔥🔥: #RippleUpdate #EMWYM #XRPHolders