What we have seen till this day is nothing than reclaimming the all time high of 2022 for BTC and ETH only. What you have seen till this day is truly nothing, compared for what is coming in the next months
Few understand..
Typically, we would expect an increase in the price of a good to reduce the demand for, and sales of, that good. However, sometimes a staple product can show the reverse behavior -- where an increase in the price of the good can result in increased demand and increased sales of the good. Economists call this a "Giffen good".
For example, consider wheat in 1800's London. If the price of wheat goes up, people generally aren't going to make less bread. They still need the same amount of bread to survive, it's just going to cost them more. That will mean that they have less money left over for preferred foods like meat and vegetables. So they will have to eat more -- you guessed it -- bread.
https://t.co/NlwNGiy7YX
Mastercard just announced a partnership with Ripple to make workable CBDCs using RippleNet... how ANYONE can be Bearish on Ripple or not understand the gravity of whats happening is beyond me
This is a huge mistake. Block is a critical feature on this app.
Regretted minutes would skyrocket. There are certain evil people that users just don't want following them or replying to them. Scammers, cyber stalkers, etc.
I suspect many people would abandon X if they can't block the harassing accounts out of their lives.
Interesting that even the @SECGov is accepting that digital assets themselves are not inherently securities.
However, not entirely surprising as both Judge Rakoff and Judge Torres came to this conclusion in their respective cases.
BREAKING! The Court in our #ETHDec case granted @SECGov's motion to dismiss but at the same time confirmed there is no protection for #ETH as a non-security. At this point in time in the US, only #BTC and #XRP are large cap tokens that have legal clarity.
https://t.co/60g6D9XhRW
3/ Tokens alone that are not intermingled with other rights and promises are not themselves securities (p. 33)
4/ The comment about the Ripple ruling is unnecessary, confusing and non-binding
On closer read, 1/ the Terra Judge actually agrees that orange groves alone are not securities without promises to cultivate the groves and share the profits (p. 30)
2/ There needs to be an agreement between contracting parties for there to be an investment contract (p.31)
Let me be clear about some confusion going around – the ruling in the Terra case changes NOTHING about the Ripple ruling that XRP is not a security. Also…
Trading is anticipated to begin later today, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our XRP-USD, XRP-USDT and XRP-EUR trading pairs will launch in phases. Support for XRP may be restricted in some supported jurisdictions.
The most important part of this ruling:
“XRP, as a digital token, is not in and of itself a “contract, transaction[,] or scheme” that embodies the Howey requirements of an investment contract.”
This is a now a matter of law (not up for trial.)
A huge win today – as a matter of law - XRP is not a security. Also a matter of law - sales on exchanges are not securities. Sales by executives are not securities. Other XRP distributions – to developers, to charities, to employees are not securities.
🚨BREAKING: Judge Torres says @Ripple’s Programmatic Sales, the Other Distributions, and Larsen's and Garlinghouse's sales of #XRP do NOT constitute investment contracts. Documents and details to come.
#Bitcoin just closed at statistically bullish levels. They are:
🔥 Highest Weekly Close in 2023
🔥 Highest Weekly Close in 58 Weeks
🔥 Highest Monthly Close in 2023
🔥 Highest Monthly Close in 13 months
🔥 Highest Quarterly Close in 2023
🔥 3rd Highest 6-Monthly Close in History
The #SP500 also closed at very high levels not seen in any bear markets previously. It also hit 3 green quarters which typically signals a new ATH is coming.
This is spurring the bull market narrative and catching most funds, analysts, investors, and retail off guard. 😱
Because most missed the bottom and the significant rally since October 2022, most are now waiting for a significant pullback that they'll never see based on historic data.
Even when the markets do pull back, like the did in June, many will be hoping for a deeper correction which will probably be bought up at higher prices leaving them to miss out again.
This is where things start getting interesting.
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As RippleNet grows into a platform with regulated crypto-enabled services like instant settlement and liquidity, obtaining licenses in jurisdictions like Singapore is key. 1/2