Joseph Grundfest, a former U.S SEC commissioner and current professor at Stanford Law School, has been revealed to have strongly opposed the SEC’s action against Ripple due to the far-reaching consequences of the case. In a letter dated December 2020, Grundfest urged former SEC commissioner Jay Clayton not to sue
Digital asset investment company CoinShares stated on Monday that cryptocurrency-focused investment funds had net inflows of $326M last week, the highest weekly inflow since July 2022. According to CoinShares, the primary motivation for the adjustment is the price increase brought on by rising expectations that the United States SEC would
A surprise move towards a distinct SHIB self-custodial identity has been begun by the Shiba Inu project’s developers. This news follows the successful release of Shibarium, a layer-2 scaling solution. The leading creators of the Shiba Inu project want to include Self Sovereign identity (SSI), a blockchain-based digital identification system,
Experts have predicted that, despite XRP’s success in the litigation between Ripple Labs and the U.S. SEC, it is still significantly undervalued in comparison to other leading cryptocurrencies. Now, XRP is likely to play a pivotal part in projects funded by Ripple Labs, such as international payments and settlements. With
South Korea has solidified its position as a crypto trading hotspot, with local exchanges surpassing global competitors in trading volume. A recent report from DeSpread Research sheds light on the country’s crypto passion, showcasing a strong preference for altcoins and local tokens among Korean investors. According to the report, the
Solana (SOL) has lately made ripples in the crypto market by rising to the $31 level, attracting the attention of the community. This result is evidence of the SOL market’s optimistic sentiment’s strength. However, at the time of writing, SOL has witnessed brief retracement. In only 10 months, the price
Inflows of $66 million have been reported in crypto investment products for the fourth consecutive week, as hopes build that the United States SEC would approve a spot Bitcoin ETF. This recent infusion brings the total amount of funds in crypto investment products to $33 billion. Many cryptocurrencies have lately
Multiple politicians have thrown their support behind 62-year-old Republican Representative Tom Emmer’s bid for the position of House Speaker. Emmer has previously expressed support for cryptocurrencies. After the first round of voting on October 17, Representative Patrick McHenry has continued to serve in the role on an interim basis. Speaker
The remarkable developments in the SEC v. Ripple litigation have prompted financial analyst and Wall Street expert Linda P. Jones to proclaim that Ripple is not merely open to discussion, but is determining the parameters of it. This claim follows a string of findings in Ripple’s favor and confirms what
Ethereum, the second-largest cryptocurrency by market capitalization, is currently facing bearish pressure in the midst of a positive market turnaround. The previous week was a pivotal one in the crypto world, leading to the global market surging by four percent and Bitcoin touching the $30,000 mark. Notably, Ripple’s CEO, Brad
