XRP Lawsuit: Ripple Proves Greater Resilience In SEC Case As It Looks To Net Groundbreaking Win
The Judge’s Decision
Very promising over this week. Source Rain
Ripple recently scored a notable win in their legal tussle with the SEC. This occurred as U.S. Magistrate Judge Sarah Netburn ruled that emails surrounding a speech given by a high-ranking member of the commission on Ethereum in 2018 were not qualified to be protected by Deliberative Process Privilege.
A speech that was given at the time by the then Director, Division of Corporate Finance of the SEC, William Hinman, disclosed to participants at a Yahoo Finance Crypto Summit that Ethereum, a cryptocurrency like Ripple’s XRP, was not a security. He added that the token was well decentralized.
The speech has become a point of contention in the year-long legal battle that has seen the SEC assert that Ripple and its co-founders were aware that XRP was a security that needed to be registered with the SEC but went ahead and sold it without following due procedure.
Ripple’s team has sought to bring to light the premise on which the regulatory body decided that Ethereum was not a security, in hopes that it would enable them to also reveal inconsistencies in the suit against them and prove that XRP is also not a security.
XRP Lawsuit: SEC aims to make XRP skip the bull run with an Expert Discovery Extension Appeal
The latest update in the XRP lawsuit saw the SEC file a letter requesting the Court to extend the expert rebuttal report deadline to November 12, 2021, and the expert discovery deadline to January 14, 2022, from the former date of November 12, 2021. The plaintiff noted that the extension will allocate both parties sufficient time to prepare rebuttal reports and depose a minimum of 14 expert witnesses.
Ripple Opposes SEC extension appeal to save XRP from an isolated bear run
While consenting to the extension of the rebuttal report deadline until November 12, Ripple opposes the January 14 deposition deadline to avoid the case from stretching long enough for XRP to entirely miss the bull run. Furthermore, Ripple also intends to file an opposition to this letter motion on October 18, 2021.
The SEC offered a compromise to Ripple, preponing the expert discovery extension to December 22, but the defense has rejected that offer as well. Ripple argues that the extension would “would likely impact the briefing schedule for summary judgment motion[s].”, as post-December 10, 2021, the Thanksgiving holidays will commence the holiday season.
XRP / BHD
RUNE Technical Analysis: With Breakout Intentions, Price Approaches $11
RUNE token price approaches the $11 mark with increasing bullish pressure. The potential breakout of $11 can result in a new bull run. THORChain utilizes a unique system in order to minimize the issue of ‘impermanent loses’ — which is the often temporary losses that liquidity providers might experience when contributing to liquidity banks. It…
RUNE Technical Analysis: With Breakout Intentions, Price Approaches $11
The Future is XRP
XRP Grants
RippleX Announces First XRPL Grants
Ripple’s developer arm, RippleX, has announced its first wave of grants to promote the development of the XRP Ledger.
More than 100 developers applied for the program in order to receive funding.
RippleX ended up choosing 25 grantees from 10 different countries and awarding them about $2 million. Three of them are part of Ripple’s University Blockchain Research Initiative.
- #بلد_الكرام
- XRP Lawsuit: Ripple Proves Greater Resilience In SEC Case As It Looks To Net Groundbreaking Win
- XRP Lawsuit: SEC aims to make XRP skip the bull run with an Expert Discovery Extension Appeal
The projects that are getting funded by RippleX deal with a broad selection of issues such as the development of non-fungible tokens, educational tools for interacting with the XRPL as well as payment solutions.
Music streaming platform Audiotarky, 3D visualization project Ledger City and XRPL explorer Bithomp received $200,000 each.
XRP / BHD Now
September 24, 2021
XRP Network Activity Soars as Top Trader Turns Bullish
The XRP token from Ripple could be on the verge of a bullish run.
XRP’s price action is “constructivly” regulated by a multi-year head-and-shoulders pattern that has emerged on its weekly chart, according to Peter Brandt, a 40-year trading veteran.
In late March, the sixth-largest cryptocurrency by market size soared by 230 percent, signaling the end of a consolidation trend. Then XRP goes backwards.
XRP / BHD
XRP against Bahraini Dinars
Key Takeaways
- XRP’s price action seems to be contained within a tight range.A weekly close outside the $1.72 to $1.00 pocket will determine the direction of the trend.
- Renowned analyst Peter Brandt appears to be leaning bullish while on-chain activity explodes.
Live Update: Against AED going up!
The live XRP price today is AED3.99 AED with a 24-hour trading volume of AED15,329,527,772 AED. We update our XRP to AED price in real-time. XRP is up 1.11% in the last 24 hours. The current CoinMarketCap ranking is #7, with a live market cap of AED185,920,752,825 AED. It has a circulating supply of 46,585,282,244 XRP coins and a max. supply of 100,000,000,000 XRP coins.
Quick Round XRP vs ETH This month – Sep 2021
How Does XRP Work?
XRP was created by Ripple to be a speedy, less costly and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT.
RippleNet’s ledger is maintained by the global XRP Community, with Ripple the company as an active member. The XRP Ledger processes transactions roughly every 3-5 seconds, or whenever independent validator nodes come to a consensus on both the order and validity of XRP transactions — as opposed to proof-of-work mining like Bitcoin (BTC). Anyone can be a Ripple validator, and the list is currently made up of Ripple along with universities, financial institutions and others.
XRP Latest Updates 