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Ripple Labs, Inc. secured another legal victory over the U.S. Securities and Exchange Commission (SEC) as the court denied the SEC’s request for an interlocutory appeal against the San Francisco-based blockchain company. In an order issued on Oct. 3, U.S. District Judge Analisa Torres dismissed the SEC’s motion, rejecting the claim that there was a “substantial ground for difference of opinion.” The judge also disagreed with the SEC’s assertion that the appeal would “significantly expedite the ultimate conclusion of the legal proceedings.” “The SEC’s motion for certification of interlocutory appeal is denied, and the SEC’s request for a stay is denied as moot.” U.S. District Judge Analisa Torres You might also like: Ripple CEO calls US one of the worst regions for crypto startups While the recent court ruling may appear to be another positive development for the cryptocurrency market, Ripple’s leg...

Deaton Reacts To Whether Hinman And Clayton Should Testify Digital Asset Investor said he would have called a16z attorney Lowell Ness and Chris Dixon as first witnesses along with former SEC officials Jay Clayton and Bill Hinman in the Ripple vs SEC lawsuit. Jay Clayton apparently put executives in charge of heading up what became the Ethereum Free Pass Speech. advertisement “I have a feeling they could provide great material insight into the thinking at the SEC around crypto securities issues at the time.” Pro- XRP lawyer John E. Deaton agreed that Hinman needs to testify. Also, there was no chance to subpoena a former SEC Chairman for a trial. However, he believes the SEC made a mistake by bringing charges against CEO Brad Garlinghouse. Especially, Jay Clayton wanted to file a complaint against executives personally in a “non-fraud” case. He asserts Jay Clayton in fact is a significant witness and should testify in the court. Clayton...

Also Read: Terra Luna Classic Validator To Fund USTC Repeg Team As Community Rejects Proposal advertisement US SEC’s Attorney Withdraws From XRP Lawsuit In a filing dated August 23, 2022, the federal regulatory agency said that attorney Guerrier is no longer a part of the lawsuit against Ripple Labs. However, other counsels recorded previously continue to represent the agency, it said in the filing. “Ms. Guerrier is no longer participating in this matter. The SEC continues to be represented by the other counsel of record in this matter.” In this context, it is unknown as of now as to whether the attorney had asked to withdraw over disagreements with the SEC’s position. The agency officials have been at the receiving end of criticism over the stringent enforcement actions it took against crypto businesses since the beginning of 2023. On the other side, the US lawmakers have been expressing concerns on the threat of dedollarization ...

Bitcoin and select altcoins are starting to recover, but selling at the top of each price breakout suggests that bears remain in control. After the sharp fall on Aug. 17, Bitcoin (BTC) remained stuck inside a tight range over the weekend. This suggests indecision between the bulls and the bears about the next directional move.  After the latest fall, about 88% of Bitcoin held by Short-term Holders (STHs), owning Bitcoin for 155 days or less, has plunged into loss, according to Glassnode’s weekly newsletter, “The Week On-Chain.” Glassnode warns that the STH cohort is “increasingly price sensitive.” In comparison, the long-term holders have neither panicked nor gone on a shopping spree during the current fall. Daily cryptocurrency market performance. Source: Coin360 Traders are likely to keep a close watch on the United States Federal Reserve Chairman Jerome Powell’s speech at the annual Jackson Hole Economic Symposium on Aug. 25. If Powell does not spring a negative surprise, then the ...

Bitcoin’s failure to rebound off strong support may open further downside as bears may be tempted to sell. Bitcoin (BTC) has been trading near the $29,000 level for the past few days. This suggests a lack of strong demand at higher levels but the only solace for the bulls is that they have managed to sustain the price above the immediate support. The uncertainty about the next directional move may have tempted short-term traders to book profits. CoinShares said in its latest weekly report that Bitcoin investment products witnessed $111 million in outflows, the largest weekly outflows since March. Daily cryptocurrency market performance. Source: Coin360 While the short-term price action remains uninspiring, crypto bulls remain confident that Bitcoin will rally before its next halving in 2024. Blockstream CEO Adam Back said in a conversation on X (previously known as Twitter) that Bitcoin will hit $100,000 by the end of March. Could Bitcoin extend its decline in the near term or will i...

Bitcoin may have tagged new yearly highs, but BTC price performance still needs to prove itself with a range breakout, traders argue. Bitcoin (BTC) consolidated near $31,000 on July 14 after a classic short squeeze sparked new yearly highs. BTC/USD 1-day chart. Source: TradingView BTC liquidates $50 million shorts in new squeeze Data from Cointelegraph Markets Pro and TradingView showed BTC price movements returning to cement support after rapid gains the day prior. Already tipped for a trip higher, Bitcoin reacted instantly to news that a United States judge had supported the idea that altcoin XRP (XRP) was not a security. This was taken by markets as a blow to regulator the Securities and Exchange Commission (SEC), which in recent months had sought to label altcoins as securities en masse. XRP/USD immediately spiked by over 100%, almost touching the $1 mark before returning to trade near $0.80 at the time of writing. The last time that such levels formed part of the chart was in Ap...

Binance to Retire Deposit Addresses As Part of Wallet Upgrade According to an official announcement on July 6, Binance is upgrading its wallet infrastructure in order to provide its users with “better efficiency and fund security.” However, it will cause selected deposit addresses and memos to retire in batches by networks. advertisement Binance will notify its impacted users in batches through inmail notifications. The impacted users are requested to obtain a new address and memo upon receiving the notification. The crypto networks impacted by wallet infrastructure upgrades are set for migration in Q3. It includes major networks such as Bitcoin, XRP, Bitcoin Cash, Cardano, Solana, Litecoin, Dogecoin, Polkadot, and Avalanche. Other networks are XMR, ALGO, FIL, NEAR, SEGWITBTC, WAVES, HBAR, RUNE, EGLD, FLOW, ICP, EOS, KAVA, DASH, ELF, IOST, IOTA, STX, WAX, CKB, ICX, ASTR, SCRT, INJ, BAND, STEEM, HIVE, XEM, FET, and BTS. Memos are required for XRP , ...