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The Balance in XRP Price Swing At the time of writing, XRP is changing hands at a price of $0.5129, down by 4.15% over the past 24 hours. XRP bulls were earlier active as the coin shot up as high as 4% in earlier trading after shedding off all of its gains. advertisement Despite the obvious price slump, the digital currencies’ trading volume showcases a difference in actions between the bulls and bears. The coin’s trading volume has retained an upsurge of 3.2% in the past 24 hours with the volume pegged at $1.418 billion. XRP Price Chart. Source: Coingape While the outlook appears bearish at this time, it remains to be seen who will win the fight for dominance between the buyers and sellers. As a volatile market, the current trend appears to be favorable for bears and whether or not the current trend will matter is dependent on general market sentiment. XRP remains an attractive coin, despite the fact that a slight uncertainty is hovering ar...

XRP Lawsuit: John Deaton Demystifies Key Facts On Wednesday, the SEC decided to appeal the ruling in the case, adding a new layer of complexity to the saga. However, John E. Deaton, renowned XRP holder’s lawyer has stated that this move could potentially backfire and have unintended consequences for the SEC’s regulatory efforts. advertisement Deaton highlighted in a recent tweet that the SEC’s recent motion is only a pre-motion letter submitted to Judge Analisa Torres, seeking permission to file a more detailed motion on the Court’s ruling. The objective of this process seems to be requesting permission to make an early appeal to the higher court (2nd Circuit Court of Appeals) before the underlying case is fully resolved.  Everyone needs to understand what this is and isn’t! This is ONLY A PRE-MOTION LETTER. It’s asking the judge permission to file a formal motion asking for her to allow the SEC to then ask the 2nd Ci...

XRP’s Regulatory Status Under Spotlight Uphold, an industry player known for its discerning approach, notably refrained from delisting or suspending trading of XRP , underlining its perspective on XRP ’s classification as a non-security. The live discussion aims to shed light on the nuances of this determination, inviting participants to gain insights into Uphold’s proactive stance. advertisement This comes after, Judge Analisa Torres of the U.S. District Court for the Southern District of New York gave an important lesson from her decision was that XRP does not automatically satisfy the Howey conditions of an investment contract since it is a digital token, indicating that the court does not consider XRP to be a security unless it is sold to institutional investors. Judge Jed S. Rakoff issued an important decision on July 31, 2023, in the relatively related matter of SEC v. Terraform Labs that went against Judge Torres’ strategy in the ...

The Standard Proposal – Potential Implications The Evernode Standard Proposal dubbed `EVS-01d` is the first of its kind and was proposed by independent XRPL and HotPocket developer Wo Jake. The essential idea behind the proposal is to introduce a Node Party Line (NPL) Brokerage system to HotPocket instances. advertisement #Evernode: I've published the first Evernode Standard proposal, `EVS-01d`, which introduces an NPL Brokerage system to HotPocket instances. 😊 This standard may likely act as a foundational building block on the Evernode ecosystem, so take a look! pic.twitter.com/SucE1ebB9Q — Wo Jake 🪝 (@woj4ke) July 6, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs...