Category: Cryptocurrency News

Over the course of Ripple’s legal battle with the United States Securities and Exchange Commission (SEC), John Deaton has grown to become one of the most prominent voices in support of the crypto firm. The result of this was a list containing 75,000 potential intervenors, all of which hold XRP. Up until now, the regional composition of this 75,000-holder list has been unknown. But Deaton has finally revealed which countries are leading the pack as ‘potential intervenors.’ The United States Leads The 75,000 XRP Holder List In a tweet shared on the X (formerly Twitter) platform, Deaton revealed to his more than 292,000 followers that the United States made up the majority of the 75,000 XRP holder list. The tweet highlighted that US holders currently make up 53% of the list, making it the leading region. Related Reading: Crypto Analyst Presents Bull Case For XRP Price To Hit $130, Here’s When Going forward, the pro-XRP lawyer points to the United Kingdom as having the second-largest holder base on the list. This is then followed by Australia, which the lawyer excitedly reveals has moved up to the third position as of the last time he checked the holder list. However, Deaton explained that Australia’s lead over Canada in the fourth place only comes down to a difference of around 11 holders. The lawyer’s tweet comes in response to an announcement from the Wave of Innovation official X handle that Deaton would be the keynote speaker of an upcoming event. The event totaled “XRP Gold Coast” would run from March 22-24 in 2024, and Deaton was picked as the keynote speaker due to his “significant contributions to the XRP community through his legal work and advocacy efforts.” Deaton went on to highlight his pleasure of being the keynote speaker at this event by pointing out Australia’s growing dominance on the 75,000 XRP holder list. “I could not say no, nor pass on the opportunity to meet many of them,” he tweeted. I checked the 75K #XRP Holder list. Australia 🇦🇺 has moved to the #3 spot. About 53% of the 75K #XRP Holders are from the United States 🇺🇸 The United Kingdom 🇬🇧 comes in at #2. After that, Australia 🇦🇺 has a very small lead (ie like 11 people) over Canada 🇨🇦, as the 3rd most… https://t.co/HYfaNOioju — John E Deaton (@JohnEDeaton1) September 10, 2023 Token price loses $0.5 support | Source: XRPUSD on Tradingview.com Representing The Interest Of Investors John Deaton’s rise to fame, especially among crypto investors, first came when the lawyer began advocating for XRP holders. While Ripple Labs battled the SEC in the courtrooms, Deaton was the attorney of choice for XRP investors who wanted to make their voices heard in the case. Support for Ripple had grown rapidly as many referred to the regulator’s actions as an overreach. Meanwhile, the number of XRP investors throwing their hats in the ring grew to over 75,000 on Deaton’s list. Related Reading: Can Ripple Control The XRP Price? Crypto Analysts Weigh In According to the attorney, being on this ’75K List’ meant that XRP investors could potentially be able to seek reimbursement if the price of XRP were to suffer as a result of the regulator’s actions. The legal battle that began in 2020 is currently still ongoing with the SEC filing an interlocutory appeal in response to Judge Analisa Torres’s ruling back in July. So whether or not there will be any reimbursement for XRP holders impacted by the regulator’s actions remains to be seen. Featured image from Bitcoinist, chart from Tradingview.com

The cookie-less internet presents an opportunity, not a risk. It has the ability to redefine and strengthen the connection and trust between consumers and brands.

Former FTX CEO Sam Bankman-Fried’s bail was revoked on Aug. 11 after he was found to be trying to contact witnesses in the case and malign witness credibility.

Hey guys, So back in 2017 I bought a couple of ETH and stored it on mist wallet, which is now no longer supported. Back then it was optional to use a Password and I decided to skip it for now and fill it in later. A month later when I opened the app it…
Read more

[ ] Vitalik Buterin's X account hacked, over $691K drained from victims wallets. [ ] Ripple's XRP Primed for Ballistic Rally Amid Adoption By Banks in Indonesia, Philippines, Vietnam. [ ] Ripple acquires Fortress Trust, expands license portfolio in the US. [ ] Texas Bitcoin miners forced to stop operations due to Energy Crunch. […
Read more

Animoca Brands closed a funding round supporting the acceleration of the Mocaverse to create digital IDs and point system for Web3 culture, gaming and entertainment.

Yesterday’s weekly close of the Bitcoin price below the $26,000 mark has raised concerns among analysts and traders. This move could potentially signal a further decline for the leading cryptocurrency, as it appears to be the first step to confirming a double top formation on the weekly chart. Rekt Capital, a prominent figure in the crypto analysis sphere, took to Twitter to share his insights, stating, “BTC has officially Weekly Closed below the ~$26,000 support. Technically, BTC has begun the first step in the process of validating this Double Top formation. Turn $26,000 into new resistance and the breakdown will likely be confirmed.” How Low Can The Bitcoin Price Drop? Remarkably, this isn’t the first time Rekt Capital has voiced concerns about this price level. Already on August 7, the analyst warned, “If BTC drops to $26,000 by mid-September then a Double Top may be forming. A breakdown from $26,000 would validate the Double Top.” Related Reading: Charting The Course: This Indicator Sparks Confidence In Bitcoin Rise To $27,000 Diving deeper into potential price movements, Rekt Capital has speculated that a breach of the $26,000 base could see Bitcoin tumble towards the $22,000 region. The analyst emphasized the importance of observing the price action this week, noting, “if we see a weekly close below $26,000, followed by a rejection from $26,000, then we probably see a confirmed breakdown from this double top.” However, it’s not all gloom and doom. Rekt Capital also highlighted the dangers of getting overly bearish, advising traders, “So it’s really important not to get caught in these downside wicks (below $26,000).” On a brighter note, the analyst pointed to the inverse head and shoulders pattern on Bitcoin’s weekly chart which played out in mid-March this year, suggesting that a retest of its neckline, around $24,000, might indicate the bottom of Bitcoin’s upcoming move. Decentrader, a crypto intelligence platform, weighed in on the current market conditions, tweeting, “The market is currently experiencing the most sustained period of #bitcoin on-chain losses since the bear market lows. Is this a buy the dip opportunity or the start of a deeper pullback?” They further highlighted potential price movements, stating, “Bitcoin Liquidity Map: There is a significant amount of 3x, 5x, 10x liquidity from $23,500 down to $21,600. IF price did get down to $23,500 we could see a fairly swift liquidity escalation event that could move price down fast.” Final Correction? Michaël van de Poppe, another esteemed analyst, provided a comprehensive historical perspective. He emphasized the significance of September as a historically challenging month for Bitcoin, stating, “There’s a level which #Bitcoin must hold in order to avoid a significant crash. Bitcoin is currently holding onto a significant level of support. It’s around the $25,500 barrier.” Related Reading: Bitcoin Spot ETFs: Research Firm Predicts Inflows Over 70,000 BTC, This Price Target Van de Poppe delved into the historical and cyclical aspects of Bitcoin’s price movements. He highlights that the months of August and September, especially in a pre-halving year, have traditionally been tough for Bitcoin. In August 2015, Bitcoin experienced a substantial correction towards the 200-EMA but managed to stay above it. A similar pattern was observed in August 2019, with a significant correction followed by a smaller one in November 2019. Drawing parallels between the current market cycle and that of 2015, van de Poppe suggested that given the influx of new institutional participants, the current market could be mirroring the 2015 cycle. If this correlation holds, the current downturn could be the final correction before a potential rebound. At press time, BTC traded at $25,692. Featured image from iStock, chart from TradingView.com

All eyes are on Stellar (XLM) as it breaches the $0.12 resistance despite the massive onslaught in the crypto market. The token managed to hold its past week’s gains while Bitcoin and other top coins maintained consistent bearish momentum.  Stellar’s current price reflects the growing demand and interest in its payment solution, which is a plausible reason behind its strength. Moreover, excitement is high among XLM investors as the Stellar network prepares for a game-chaining announcement on Tuesday.  XLM Soars Amid Heightened Speculation In The Stellar Ecosystem XLM has been bullish since September 2 following Stellar.org’s announcement that “something cool is coming” to the network in 10 days. Following this announcement, XLM’s price increased by 10%, climbing from $0.1135 to $0.126. Related Reading: Solana (SOL) Price Plunges On FTX Rumors, Buy Or Sell Now? It maintained the momentum, though with a few dips, reaching $0.134 on September 10. This price move marked a nearly 20% increase from the month low of $0.1117 recorded on August 17. Furthermore, Stellar Network continued to tease the community with the countdown to the mysterious announcement, as a September 7 tweet also teased that change is underway as the upcoming brand will introduce Stellar to the real world. The Stellar community is abuzz with anticipation as enthusiasts await the unraveling of the mystery. Some community members speculate that the upcoming announcement could be related to a partnership with Apple.  In a recent report, Stellar dominated all layer-1 networks in tokenized treasuries by market cap, surpassing Ethereum and Polygon. The August 23 tweet shows that Stellar recorded a tokenized treasury market cap of $304 million. Ethereum, on the other hand, recorded a Treasury market cap of $291 million, while Polygon followed with $24 million. This report presents Stellar as a leading real-world asset tokenization network, a plausible reason behind XLM’s price increase.  Price Outlook: XLM Slips Off $0.13. Will It Rebound? Over the past 30 days, Stellar’s XLM embodied the resilience lacking in the broader crypto market. While most coins surrendered all past gains, XLM held on, bucking negative market sentiments and soaring new highs. However, the rally has stalled, and the token currently holds over 3% price decline in the last 24 hours. But it still retains 1.78% gains in the last seven days.  Stellar has slipped off the newfound support at $0.134 and now trades at $0.1272. This downslide suggests two things. Firstly, the hype around the mysterious announcement must have dwindled. Secondly, XLM could have succumbed to the bearish pressure present in the broader crypto market. Related Reading: SOL Price Prediction: Solana Takes Hit and Could Dive To $15 Nonetheless, XLM is in a critical conjecture, as the outcome of the next 24 hours will determine its price trajectory. If the announcement is bullish enough, XLM could witness a positive momentum shift with a massive upswing above the $1.3 price. Featured image from Pixabay and chart from TradingView.com