Ripple CEO reveals he visited SEC several times before lawsuit struck
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Ripple (XRP) has plummeted to $0.43, with bears now skyjacking the market following a tremendous drop in the past week. While the price seems to have improved in the past couple of days, the bulls have somewhat shoved bears to their current market movement. The past week did not look suitable for Ripple traders and investors as XRP collapsed to a drop of 42% and closed at $0.4255. The entire week was seen to drift following a bearish movement which dropped to $0.4018 before it regained momentum to $0.4123 for the week. This indicates an oversold token that implores the potential of an uptrend. Suggested Reading | Bitcoin Reclaims $30K Territory After Recent Weeks’ Struggle – Analysts Weigh In Will Ripple Dash Towards A Bullish Streak? However, the token price is yet to produce a higher low and a higher high to authenticate the created moment, which in effect points out that bulls will have to nudge the price of XRP to $0.65 before it instigates a new bullish trend. XRP is expected to dash to a bullish trend as things go down. However, the bullish streak can be short-lived as a result of the current market situation. The technical oscillator’s value would show you that the token has ticked off the lows in the charts (hourly, daily, and weekly). It falls right under both the 50-day and the 100-day Exponential Moving Average. It is an escalation of the buying pressure that could ram the price to shoot, targeting the 50-day exponential moving average even before it tests at the $0.50 mark. XRP total market cap at $20.5 billion on the daily chart | Source: TradingView.com Ripple Price Descending For Good? In different circumstances, the drop of XRP indicating a bearish shift could trigger the coin to go on with a new downtrend. If XRP breaks under the current low value, it will test the low of $0.40. While every token strives for decentralization, Ripple wholly owns XRP and wants to be the coin that aims for bank adoption. Ripple is also a payment gateway as much as it’s a cryptocurrency. It’s one of the pioneering tokens in the crypto space created by Ripple Labs in 2012. Suggested Reading | Cardano (ADA) Grapples At $0.524; Bullish Trajectory Coming Ripple is the brainchild of Chris Larsen and Jed McCaleb. Four years after its launch, the company acquired BitLicense from New York to ensure that XRP remains robust despite the volatility. However, Ripple has dipped to 21% because of crypto turbulence and is still struggling to keep up with the pace. Featured image from YouTube, chart from TradingView.com
Bitcoin rallied to above $30,000 to start the week, as bulls returned to crypto markets on Monday. The news comes as it was announced that fashion brand Balenciaga is set to accept crypto payments. ETH also moved higher on the news. Bitcoin BTC climbed to its highest point in four days earlier in today’s session, […]
I'm talking mostly about Binance, what with the recent disaster that was the AMA, with them denying the fact that they pushed UST as a very safe investment while lying about what they knew, combined with the recent comments from their CEO saying that if Binance ever went bankrupt, they'd reimburse holders first instead of…
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FatMan is a popular account on the Lunatic community and governance groups, and since the debacle he has been extremely critical of what happened and the workings of the insiders in the collapsed scheme. Just few hours ago, he has made startling revelations claiming he has been approached by whisttleblowers who are willing to go…
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Sheila Warren, the CEO of Crypto Council of Innovation (CCI), shared her insights in an interview with Cointelegraph at the World Economic Forum.
GeneNFTs may be a game-changer for genomic testing, but user education is still needed in order for this model to advance.
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The fourth annual WIBA awards (World Influencer & Blogger Awards) have just concluded in Cannes, France, with Ukrainian IT entrepreneur and crypto guru Mykola Udianskyi winning the “Best Digital Currency Influencer 2022” award. And this year, it was the people of Ukraine who were the focus of the event, with the format of the ceremony being changed to that of a gala dinner and fundraiser to help the country’s most in-need citizens. And Mykola wasn’t the only Ukrainian to win an award this year. Over the two days from May 18th to 19th, four other Ukrainians walked away with awards, including bloggers and YouTubers. Mykola receiving this award will not surprise those within the crypto industry due to his tremendous experience across the cryptocurrency, blockchain, and media industries. After receiving his honor, the first-time winner said, “I am so grateful for this award. I am proud that I am Ukrainian, and I am proud that I am here. Thank you all for supporting Ukraine. We are all like one family now, and we all have one problem. Glory to Ukraine!” Mykola Udianskyi is co-founder of the popular QMALL platform, Ukraine’s first government-regulated cryptocurrency exchange, and CEO of Prof-IT, an IT company providing blockchain solutions for web and mobile applications. In addition, Mykola is the CEO of global marketing company PRMR, a co-owner of Parliament Media Group Holdings and president of EHOLD, a company that created many of the world’s best-rated cryptocurrency exchanges. In this industry, there are few others who can bring this type of experience to the table. Because of this, Mykola has enormous influence in the blockchain and crypto world, as well as the knowledge, expertise and resources to make things happen for any project he becomes involved with. When he joins or starts a project, it draws serious interest from the public and investors alike. In short, Mykola Udianskyi’s involvement has the power to move both share prices and cryptocurrency values. Thus, when he recommends a new crypto coin or up-and-coming blockchain project on his Instagram page, you can be pretty sure it will be a major success. As the owner of a growing media empire, Mykola regularly mingles with the great and the good at various launches, promotions and events. Most recently, Mykola has collaborated with many famous YouTube vloggers and has just announced that he is launching a crypto TikTok house. House residents will be famous bloggers and celebrities who want to become more involved in the crypto-world and metaverse. An entrepreneur, crypto visionary, blockchain trailblazer, and now an award-winning influencer and trendsetter, it seems there’s no end to Mykola’s talents.
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