crypto2023

#FDUSD Things started to get complicated in the lawsuit between Ripple (XRP) and the SEC. It was learned last night that the SEC will appeal Judge Torres' decision that “XRP is not a security when sold on exchanges”.
Lawyer James A. Murphy shared his thoughts on what could happen next in the case.
Murphy has outlined three possible scenarios for Ripple:
Option 1: Dispute the request for confirmation of the appeal. Ripple could argue that an interim appeal would be a waste of time and resources, given that Judge Torres' decision was correct and that there is a high probability of another appeal after the hearing.Option 2: Agreeing with the SEC that an appeal is appropriate. This option may seem unlikely, but Murphy said it wouldn't surprise him. He explained that in this case the appeal was inevitable, so the real question was whether the appeal would start now or later. By accepting the appeal, Ripple could potentially speed up the resolution of the case and avoid a lengthy hearing.Option 2A: It may agree that the interim appeal is appropriate, but adds that corporate sales, the only point the SEC wins, must also be approved for cross appeal by Ripple. Murphy said this option would make sense because if Ripple wins the cross-appeal, there would be no need for a penalty phase and a hearing on aid and abetting.
Murphy said he thinks Ripple will opt for option 1 and oppose his appeal. He cited three reasons for this:
Ripple does not want to admit that there are “significant grounds for disagreement” regarding Judge Torres' decision, which is part of the legal standard for appealing. Ripple's position is that Judge Torres' decision is clearly correct and consistent with decades of precedent.There is a small chance that a new #cryptocurrency law will pass Congress and change the legal environment for $XRP . Such a law could potentially exempt #XRP from being classified as a security based on its characteristics and use cases.There is also the possibility that in 2025 a new administration will take office with a different approach to #crypto regulations. The new management can either dismiss the lawsuit or settle with Ripple on favorable terms.
Murphy said he believes it will soon be clear whether Judge Torres will grant the SEC's interim appeal. He stated that he will give his final estimate after the briefing on the request, which is expected to take about a month, is completed.
*Not investment advice.#crypto2023

#FDUSD Linda P. Jones has identified a life-changing buying opportunity for XRP, urging investors to capitalize on this moment. Jones, known for her works, “3 Steps to Quantum Wealth: The Wealth Heiress’ Guide to Financial Freedom by Investing in
Cryptocurrencies” and “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” took to Twitter today, sharing her bullish perspective on several #cryptocurrency assets.
She fervently states, “Gave a wake up call to VIP Experience members today: If you’re not investing in XRP at $0.60, XDC at $0.06, $ALGO at $0.10, $XLM at $0.10…don’t come crying to me when they are higher!” Drawing attention to the present market valuations, she highlighted that many of these assets are currently “selling at a deep discount”.
She further advised her followers and readers to take a decisive stance on their investments. “You need to be scooping them up, without a perfectionist mindset of being too afraid to buy if it isn’t the absolute bottom.”
While Jones accentuates the potential gains of these assets, she equally emphasizes the investor mindset. Suggesting that the pursuit of the perfect buying point might be a fallacy, she stated, “You need to be scooping them up, without a perfectionist mindset of being too afraid to buy if it isn’t the absolute bottom.”
Emphasizing the timely nature of the present market conditions, Jones opines, “These are life changing prices, but you must take action. The least amount of risk is when prices are low, which is NOW. Could they go lower? Yes. So what, they will likely be a LOT higher in 2 years or sooner, so what are you waiting for?”
XRP Price Analysis
A price analysis of the 1-day chart suggests that the XRP price is at a crucial point following the summary judgement in the Ripple vs. SEC case.
At press time, XRP was trading at $0.59, down more than 35% from its yearly high at $0.93 following the summary judgment in the Ripple against the US Securities And Exchange Commission (SEC) case. Before the verdict was announced, XRP was trading at $0.47, meaning that the XRP price has already lost most of its gains following the euphoria over Ripple’s victory.
A look at the 1-day chart shows that XRP found support at the 100-day EMA at $0.5782 yesterday. Subsequently, XRP bulls managed to stage a small recovery. However, XRP is not out of the woods yet as the correction could continue unless the price shows a signal of trend reversal on the shorter timeframes.
A first step would be to break above the 61.8% Fibonacci retracement level at $0.6340. A strong confirmation would be a spike above $0.69 where the 50% Fibonacci retracement level is located.
In a bearish scenario, $XRP also loses the 100-day EMA and falls towards the 200-day EMA at $0.5256. The level can be interpreted as the most crucial support at the moment. If the “bull line” fails to hold, the #XRP price could face a crash to pre-Ripple ruling levels.#Shibainu #crypto2023

#FDUSD Bittrex, a Washington-based crypto-asset trading platform, has agreed to pay $24 million to settle allegations that it operates as an unregistered exchange, broker, and clearinghouse for securities offered and sold as crypto-assets by the U.S. Securities and Exchange Commission (SEC). .
According to the SEC's criminal complaint, Bittrex and its co-founder and former CEO, William Shihara, were accused of violating federal securities laws by facilitating the trading of crypto assets, which are securities without registering with the SEC or complying with its rules and regulations.
The SEC alleged that Bittrex and Shihara also instructed #crypto -asset issuers to delete certain statements from public channels that could attract regulatory scrutiny, such as price forecasts, profit expectations, and investment-related terms.
The SEC claimed that Bittrex earned at least $1.3 billion in transaction fees from investors, including US investors, and served them as a broker, exchange and clearing house without registering any of these activities with the Commission.
The SEC also accused Bittrex's foreign subsidiary, Bittrex Global GmbH, of failing to register as a national stock exchange in connection with a single joint order book operation with Bittrex.
*Not investment advice.#BinanceTournament #MultiChain #crypto2023

#FDUSD The Bank for International Settlements (BIS) announced Ripple (#XRP ) as an official member of its ‘cross-border payments interoperability and extension taskforce’, on August 9.
This taskforce is part of the ‘BIS Committee on Payments and Market Infrastructures’, composed of 33 entities plus the Chair, Ulrich Bindseil, Director General Market Infrastructure & Payments at the European Central Bank.
“Engagement and partnership between the public and private sector is a key element of the G20 cross-border payments programme. Improvements to payment systems and arrangements underlying cross-border payments require global coordination, cooperation and the commitment of a wide range of public authorities and private sector stakeholders.” “The CPMI is working to bring together the relevant stakeholders via joint working groups, workshops, consultations and surveys to ensure both strategic perspective and the required subject matter expertise is available to the programme.”– Bank for International Settlements (BIS) events
Composition of the BIS ‘cross-border payments interoperability and extension taskforce’
The composition of the mentioned Bank for Internacional Settlements taskforce is, as reported, the following:
Entities member of the BIS cross-border payments taskforce
​​Financial infrastructures:
BunaCross-border Interbank Payment System (CIPS)CLSEBA ClearingFnality InternationalIberpayMastercardPayNet MalaysiaPayments CanadaRippleRTGS GlobalSwiftThe Clearing House (TCH)WorldlinePan-Africa Payment and Settlement System (PAPSS)
Payment service providers (banks and non-banks):
Bank of ChinaCommonwealth Bank of AustraliaDeutsche BankMercado PagoMukuruRiaSociété GénéraleWells FargoWiseNubank
Associations:
Africa NendaEmerging Payments AsiaEuropean Payments Institutions FederationInstitute of International Finance (IIF)Japan Bankers AssociationUK FinanceGSM Association (GSMA)SADC Banking Association
Representatives of the BIS cross-border payments taskforce
​​Financial infrastructures:
Faisal Alhijawi (Chief Strategy & Development Officer)Shuijiong Wu (Deputy GM IT)Dirk Bullmann (Global Head, Public Policy)Erwin Kulk (Head, Service Development and Management)Stephan Mahnke (Director of Business Development)José-Luis Langa (Deputy Managing Director)Alan Marquard (Executive VP for Transfer Solutions)Azleena Idris (Sr Director, Corporate Strategy & ESG)Zarin Ahmed (RTR Product Director)Rene Huijsen (Director of Payment Operations)Dirk Cavens (Head of Product Office)Saskia Devolder (MD Cross-border Payments Strategy)Rusiru Gunasena (SVP Product & Strategy)Thomas Feiler (Sr Strategy Manager, Account Payments)Mike Ogbalu III (CEO)
Payment service providers (banks and non-banks):
Jun Xu (Director Senior Manager)Susan Yang (General Manager)Paula Roels (Head SWIFT & Market Infrastr Corporate Bank)Paula Arregui (Payments Senior Vice President)Nikki Kettles (Executive Licenses and Payment Regulations)Ignacio Reid (COO)Frantz Teissèdre (Head Interbank Relationships)Michael Knorr (CIB Industry & Advisory Leader)Arun Tharmarajah (Head of European Banking and Payments)Rafael Wowk (Public Policy Sr. Manager)
Associations:
Michael Mbhutia (Regional Director East Africa)Brad Pragnell (EPAA Advisory Board)Elie Beyrouthy (Vice President European Government)Jessica Renier (Managing Director, Digital Finance)Misao Watanabe (General Manager, Mizuho)James Barclay (Chair, UK Finance, ED at J.P. Morgan UK)Mary Gichuki (Mobile Money Programme Advocacy Manager)Maxine Hlaba (Executive Secretariat)#crypto2023 #MultiChain #BinanceTournament

#FDUSD The spotlight in the crypto market is firmly on Shiba Inu, with investors expecting strong volatility in light of the imminent Shibarium launch. So far, SHIB has disappointed the bulls as it has plummeted 3% over the past day.
The past week’s meme coin rally has come to an absolute halt as other top tokens like Dogecoin, $PEPE , and Bone ShibaSwap are also seeing a strong depreciation.
However, on-chain data suggests that the recent bearishness in SHIB can be attributed to a sell-off from the bankrupt crypto platform Voyager and the token can soon see another bullish resurgence.
The continued support from Tier-1 exchanges like Binance and Crypto.com can also provide fresh legs to a Shiba Inu rally.
Meanwhile, newly-launched Sonik Coin has begun turning heads in the meme coin market, while Wall Street Memes token continues to gain strong traction and is emerging as an alternative to Shiba Inu.
Shiba Inu Slides Despite Upcoming Shibarium Launch
After experiencing a remarkable 22% bull rally, Shiba Inu is now facing significant bearish forces, as it has incurred the most substantial losses of any top 20 crypto assets in the past day.
SHIB has plunged just over 3% in the past 24 hours and is now below the $0.000010 price level. Its market capitalization has also fallen below the $6 Billion mark, highlighting the bearish momentum.
TradingView, a technical analysis platform, gives a Sell signal to the token in the daily time frame, which further deteriorates to a Strong Sell when considering only the moving average indicators.
The on-chain data from Lookonchain reveals that the SHIB’s bearish trajectory over the past few days could be a result of a sell-off originating from Voyager. The bankrupt crypto exchange has sold $14.4 million worth of Shiba Inu tokens over the past 7 days in an effort to return client funds.
The good news for the bulls is that Voyager does not have any substantial amount of SHIB tokens remaining. Thus, experts remain bullish on Shiba Inu’s short-term prospects, with crypto trader Andrew Griffiths believing that the recent correction has, in fact, presented excellent buying opportunities.
Popular crypto analyst @army_shiba believes that if the meme coin could target and hold the $0.0000108 price mark, it could see a strong surge of whale interest, resulting in another strong pump.
SHIB investors would hope that a successful Shibarium launch can kickstart another bullish wave.
Major exchanges are also jumping on the Shibarium bandwagon. Crypto.com announced yesterday that it has listed $LEASH, another token from the Shiba Inu ecosystem, on its platform. Binance also gave a major boost to $SHIB when it approved it as a collateral asset and increased its OTC trading limit.
Sonik Coin Presale Kicks Off with Discounted Entry Price & Low Hard Cap – Could it be a Shiba Inu Alternative?
Although Shiba Inu dominates the headlines, it’s not the only coin attracting attention from meme coin investors.
Sonik Coin ($SONIK) is a new meme token that has just launched its public presale phase, allowing early investors to get involved at just $0.000014 per token.
$SONIK’s creators have allocated 50% of the total token supply to the presale, with the hard cap set at just over $2 million.
Additionally, the creators have set aside 10% of the token supply to provide DEX liquidity post-launch – a strategy designed to minimize slippage and price volatility.
As its name implies, Sonik Coin is inspired by the popular video game character Sonic the Hedgehog, featuring meme-friendly branding that looks set to capture the interest of investors.
However, it’s not just $SONIK’s branding playing into the token’s value – the creators have also implemented a staking protocol and set aside 40% of the total token supply for rewards.
According to Sonik Coin’s website, the current APY on offer is a whopping 3,392%, although this is expected to decrease as more holders stake their $SONIK.
While SHIB continues experiencing volatility, Sonik Coin’s fair presale structure and staking incentives make it one to watch as the meme coin market continues evolving.
Visit Sonik Coin Website
Wall Street Memes Also Bullish as Token Nears $24 Million in Presale, Experts Expect A 10x Surge
Another meme coin that generated headlines is Wall Street Memes, as its presale continues to generate tremendous hype and excitement. The token has now breached the $24 million mark in less than 3 months.
Experts believe that the token will continue its explosive growth even after its launch, with popular YouTubers like Crypto Dose calling it the next 10x meme coin.
The bullish price action would not be surprising as the meme coin is already catching the eyes of big-money investors. One whale recently purchased 460 $ETH worth of $WSM tokens, making a total cumulative investment of over $1 million.
The Wall Street Memes token continues to receive promising backing from its community, in part due to its strong association with the Wall Street Bets Reddit group that led the ground-breaking GameStop bull run in 2021.
The Wall Street Memes group has since become the trendiest online trading community, boasting a million-strong internet army and farming 40 million impressions monthly across its social media. Even Elon Musk enjoys its edgy and on-point humour.
$WSM is aiming for a $1 billion market capitalization after its launch. After all, the developer team behind the token has a strong track record of building successful Web3 projects – its Wall St Bulls NFT collection sold out in just 32 minutes.
Investors can purchase the token through bank cards by swapping #ETH , USDT or #BNB in exchange for it.
Visit Wall Street Memes Presale
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The post Here’s Why The #Shibainu Price Has Dipped, as Traders Back These New Meme Coins To Pump appeared first on CryptoPotato.#crypto2023

#FDUSD The Shiba Inu (SHIB) coin has exceeded even the top 10 established cryptocurrencies this week, posting a solid 15% increase that has captivated the attention of the cryptocurrency community.
The notable ascent in SHIB’s price is closely associated with its current rate of burning, which has witnessed a significant upturn in the last 24 hours.
Based on the Shibburn data, a total of 111,799,146 SHIB tokens have undergone incineration, leading to a substantial 57% surge as per the most recent update.
Shiba Inu Gets Price Boost From Burn Rate
Throughout the course of the week, the burn rate of SHIB has exhibited a constant upward trend, closely aligning with its favorable price trajectory.
The consistent pattern observed indicates the possibility of a steady and continuous increase in the price of the asset over a prolonged duration. This can be attributed to the natural expansion of trading volume inside the Shiba Inu ecosystem.
In the midst of current market trends, SHIB is demonstrating its ability to transcend its origins as a meme coin by exhibiting resilience, as evidenced by a significant 9.2% spike in price in the last 24 hours that resulted in its value reaching $0.00000940.
Bitcoin, in comparison, was trading at $29,383, down a meager 0.1% in the last 24 hours, while managing to gain 1.3% in the last seven days, data from crypto market tracking site Coingecko shows, Sunday.
The current increase in value represents a noteworthy achievement for SHIB, as it has exhibited sustained development throughout the preceding week.
Shibarium Launch Also Provides Big Price Lift
Furthermore, the imminent introduction of Shibarium, a Layer-2 protocol with advanced functionality, constructed on the Ethereum network, contributes to the heightened anticipation and price lift for SHIB.
Meanwhile, data obtained from Coinglass provides a compelling depiction of a notable increase in open interest observed in #Binance ’s SHIB futures market.
The current surge has exhibited a tremendous growth rate, increasing by almost 100% in just one month.
The substantial rise in open interest and market capitalization of SHIB indicates a considerable influx of capital. The historical context is interesting since it often aligns with instances of #bitcoin price swings.
SHIB And Its Correlation To Bitcoin
Over the course of $SHIB ’s existence, there have been around seven occurrences in which its open interest surpassed the significant milestone of $100 million. Significantly, each of these instances coincided with fluctuations in the valuation of the alpha #crypto , Bitcoin.
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).
Featured image from Advance Auto Parts#crypto2023

#FDUSD When Celsius launched back in 2017, many saw the company as one that had the potential to disrupt the industry with its crypto lending platform. Six years on, Celsius’ chapter in the crypto world seems to be ending, as recent developments will suggest.
App To Shut Down In 90 Days
The Celsius app will shut down within 90 days, according to the company’s revised disclosure statement in its ongoing bankruptcy proceedings. This comes as the company prepares for a new chapter that will see the company operate under a new entity, “NewCo,” which will be managed by Fahrenheit Group and owned by Celsius’ creditors.
As revealed in the statement, Celsius chose 90 days based on past experiences in enabling crypto withdrawals from the app “for custody and withhold account holders pursuant to the Custody and Withhold Settlements.” So users won’t be able to log in to the app or access their Celsius account upon the expiry of this 90-day withdrawal window.
However, there is good news for the company’s creditors as the company outlined plans for repayment. These creditors aren’t restricted to persons or entities that may have opened an account with Celsius. According to the company, it also plans to repay those who “earned rewards on their digital assets in accounts set up with other exchanges or from companies which were part of Celsius’ partner programs.”
As part of the repayment plan, Celsius will “promptly distribute at least $2.03 billion of cryptocurrency to their [its] creditors, subject to the fluctuations in #cryptocurrency prices.” It will work with third-party distribution agents to ensure this plan is carried out smoothly.
To enable this distribution, the payments platform Paypal has been identified as a potential distribution agent to handle distributions to individual creditors in the US.
The company is also looking to hire a distribution agent to handle distributions to international creditors, corporate creditors, and Custody and Withhold creditors. However, if it fails to do so, the company will keep the Celsius app open for 90 days after the effective date so it can pay these creditors through the app.
Celsius New Entity “NewCo”
As part of the restructuring process, Celsius will transition to a new #crypto company called “NewCo,” managed by Fahrenheit Group and owned by customers. The company will also be regulated by the SEC to ensure transparency.
Fahrenheit plans to list the new company’s stock on NASDAQ to maximize profits for the owners and allow the company to tap into the capital market in the future.
The company’s operations will primarily focus on mining and staking, and it will enlist the help of US Data Mining Group, Inc. to handle its mining operations. On the other hand, Proof Group Capital Management will manage NewCo’s staking operations. #crypto2023 #googleai

#FDUSD 1 The Algorand coin’s price increased by 2.50% over the last week.2 The price of ALGO coin is trading at $0.11425 and the 52-week range is $0.09853 – $0.29788.
Algorand (ALGO) has a fully diluted valuation (FDV) of $1,141,164,983. This is a hypothetical market cap, assuming all 10 Billion ALGO tokens are circulating today. This is according to the crypto data and information website Coingecko. However, the actual FDV may take years to reach, depending on how the ALGO tokens are distributed over time.
As per Coinmarketcap, Algorand crypto plummeted by 2.97% in market value and by 32.49% in trading volume in the last 24 hours. Its market value is $890,404,530 and its trading volume is $54,697,594. There are 7,810,458,410 ALGO in circulation.
Algorand coin’s (ALGO) open interest is $37.06 Million. As per Coinglass, another crypto analysis website, it fell by 3.57% in the previous session. The long versus short ratio for 24 hours is 0.9361. The total number of short positions added in the last 24 hours is $4.58 K against longs of $66.48 K.
ALGO Coin Price Technical Analysis in the 1-Day Timeframe
ALGO coin price showed a downward trend for the past three months, decreasing by 32.34% during this period. At the time of publication, the ALGO Coin price is trading at $0.11425, and the price took support at the $0.09852 level and broke the trendline resistance.
Therefore, if the ALGO Coin price sustains the current level and rises, then it might hit the nearest resistance levels of $0.12237 and $0.13978.
However, the ALGO coin price could continue to move downwards and reach an all-time low at $0.09853. If it fails to maintain the current level.
Source: ALGO/USD.1D.BITSTAMP by TradingView
At the time of publishing, the ALGO coin price (BITSTAMP: ALGO) is trading below the 50, 100, and 200-day EMAs (exponential moving averages), which are rejecting the ALGO Coin price trend.
However, 20-day EMA is supporting the trend if more buying volume adds up then the price might conquer rejecting EMA’s by making higher highs and lows.
Hence, ALGO Coin price prediction estimates the prices to move upwards, indicating a bullish outlook over the daily time frame chart for its price.
Source: ALGO/USD.1D.BITSTAMP by TradingView
The MACD line at 0.00136 and the signal line at 0.00227 is below the zero line and both lines crossed each other a bullish crossover is observed in the MACD oscillator, suggesting bullish signals. The current value of the RSI is 52.81 points and the 14-day SMA is below the median line at 44.06 points, which indicates an upward direction and bullish sentiments in the market for the ALGO coin.
Conclusion
ALGO coin price prediction highlights the bullish sentiments and perspectives of investors and traders regarding the ALGO coin in the daily time frame. Algorand price action highlights a bullish view at the time of publishing. Moreover, the technical parameters of the Algorand price suggest the continuation of the uptrend over the daily time frame chart. Major trustworthy indicators MACD, RSI, and EMA, provide positive signals regarding the $ALGO crypto prices.
Technical Levels
Support levels: The nearest support levels are all-time low at $0.09853.Resistance levels: The nearest resistance levels are $0.12237 and $0.13978.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in #crypto assets comes with a risk of financial loss.#crypto2023 #MultiChain #BinanceTournament

#FDUSD Hovering just above the $29,000 mark, bitcoin’s value remained relatively stable while an interesting event occurred on Saturday afternoon: a dormant cache of 195.79 bitcoins, untouched for over seven years, was transferred for the first time since 2016. This action was followed by another sequence of events; when a batch of slumbering bitcoins from 2014 was spent, marking their first movement in nearly a decade.
Over $11 Million in Dormant Bitcoins Spring to Life
Fast forward to August 12, 2023, when an impressive sum of 391.305 BTC, valued at $11.4 million, stirred from its long hibernation. The term “sleeping bitcoins” denotes a category of bitcoins lying inactive in an address, unspent and unmoved for extended periods.
These quiescent bitcoins, often the subject of intrigue and conjecture among cryptocurrency enthusiasts, earn their “asleep” label due to their lack of active trading or usage. A significant shift in these dormant assets could conceivably send ripples through the market.
The existence of these slumbering bitcoin wallets can be attributed to various factors, such as lost access, deliberate long-term cold storage, forgotten possessions, inherited or legal barriers, or simply a strategic decision to hold for an extended period.
The discovery of these sleeping stashes is often the work of specialized #blockchain parser programs like btcparser.com, which detected Saturday’s 2016 and 2014 spends. The initial awakening unfolded at block height 802,827 when an address established in March 2016 released 195.795 $BTC worth an impressive $5.7 million.
This notable event transpired through four separate transactions, all directed to the address “bc1qn.” In a curious twist, the user previously possessed 195.795 bitcoin cash ($BCH ), entirely spent on December 7, 2017.
Following this, on August 12, 2023, at block heights 802,872 and 802,879, groups of 100 and 66.589 bitcoins were transferred, marking their first movements since April 2014. Additionally, at the same block height, 28.93 #BTC from March 22, 2014, were moved for the first time in over nine years.
The decision to spend or move sleeping bitcoins can be a complex one, often governed by an individual’s unique circumstances and various underlying factors. For example, a significant surge in bitcoin’s value may motivate owners to sell or trade their dormant holdings to capitalize on profits.
Changing financial needs, concerns about wallet security, or the desire for a more secure storage method might also prompt the movement of these assets. In essence, the decision to awaken sleeping bitcoins is a multifaceted one, shaped by an intricate interplay of financial, legal, personal, strategic, and emotional considerations.
What do you think about the $11 million in #bitcoin s from 2016 and 2014 moved on Saturday afternoon? Share your thoughts and opinions about this subject in the comments section below.#crypto2023

#FDUSD Famed legal expert and vocal #XRP advocate John E Deaton has raised pointed questions about the US Securities and Exchange Commission’s (SEC) decision to challenge the verdict in its lawsuit against Ripple. Deaton’s critique centers on the SEC’s argument that the ruling’s implications could affect other ongoing lawsuits of similar nature, which Deaton considers a tenuous claim.
Deaton’s Response To SEC’s Ripple Verdict
In reaction to the SEC’s decision to appeal the decision that the sale of XRP to individual investors does not qualify it as a security, Deaton provided his take. He contends that a District Court judge, such as Judge Torres in this case, can discern between decisions made in light of the facts given and the particular circumstances in each case. The SEC’s claim that the Ripple decision would affect its other lawsuits is refuted by this.
The SEC’s decision to challenge the ruling caused a lot of debate in the legal and cryptocurrency worlds. Deaton questioned the validity of this reasoning because the SEC’s worries about possible consequences for its other cases were viewed with suspicion.
Adding a layer of irony to the conversation, NFT enthusiast PeterJ Graham commented, “If it was not so twisted it would be funny, please do not apply the law here because it might impact other cases we have where people are not braking the law.”
Things To Consider With These Developments
In response to these developments, Deaton’s US Crypto Law highlighted the specifics related to the SEC’s actions. The agency is pursuing an interlocutory appeal to the Second Circuit Court of Appeals, focusing on two adverse determinations made by Judge Torres. These determinations pertain to the charges of “aiding & abetting” against individuals like Brad Garlinghouse and Chris Larsen, as well as the remedies phase of the Institutional Sales ruling.
Legal experts in the crypto field emphasize that the SEC’s arguments must align with both Judge Torres and the Second Circuit Court for the interlocutory appeal to be granted. This requirement underscores the complexity of the legal process and the significance of this specific case in shaping the future legal framework for cryptocurrencies.
As the legal and #cryptocurrency communities closely monitor these developments, the ripple effects of the SEC’s decision and its potential consequences for legal precedent and the broader #crypto landscape remain subjects of intense debate and analysis.#crypto2023

#crypto2023 Social media post published by X boss Elon Musk caused enthusiastic response by crypto community, and $XRP army in particular
In a recent post on the social media platform X (known as Twitter before Elon Musk began rebranding this year), tech billionaire and X owner Musk wrote about the Community Notes feature.
These "Notes" include additional information under posts on the X app and correct them if they are misleading, offering direct sources of information for this or that particular news.
Musk wrote that from now on, Community Notes will appear under X posts a lot faster than before.
#XRP payments appear much faster 🚀
— XRPcryptowolf (@XRPcryptowolf) October 4, 2023
As often happens, many crypto-themed accounts rushed to present themselves in the comment thread of a post issued by Musk. This time, among the crypto enthusiasts who responded was prominent XRP-focused handle @XRPcryptowolf, David Gokhshtein and many others who began discussing the Community Notes feature introduced by the X owner.
Community urges Musk to sell Tesla for crypto – SHIB, DOGE, $BTC
A similar response was made to an earlier X post published by Musk today. That one was about a more affordable version (RWD) of Tesla's Model Y becoming available.
Several crypto enthusiasts, including Safepal cryptocurrency wallet and Shiba Inu's marketing expert Lucie responded, offering to buy a Tesla with crypto. Lucie, an advocate of Shiba Inu and a member of its team, stated that she would love it if she could pay in $SHIB meme coins.
I'd trade my Benz for a Tesla, but I have nowhere to charge it 😂
I also want to pay in $SHIB
— 𝐋𝐔𝐂𝐈𝐄 | ✨Shibarium✨ (@LucieSHIB) October 4, 2023
Last year in October, Elon Musk used his Boring Company to launch a collectible item of limited supply – a perfume called "Burnt Hair." It was available both for fiat currencies and for crypto. The latter included Shiba Inu, Dogecoin and many other currencies that crypto payments processor BitPay works with, as the payments were done through BitPay.
Basically, even now, Tesla and SpaceX accept Dogecoin as payment for their merchandise. In 2021, Tesla, for a couple of months, even accepted Bitcoin for its e-cars. Later on, Musk shut that option down for environmental concerns to do with the Bitcoin proof-of-work mining process.
Musk then stated that Tesla will resume accepting #BTC once at least 50% of the mining begins to happen using renewable energy sources. Per Bitcoin evangelist and head of the MicroStrategy giant Michael Saylor, this milestone was achieved in the year 2021. Still, Tesla has not resumed taking #bitcoin payments yet.#Layer2

#crypto2023 A potential breakout from the overhead trendline could accelerate the bullish momentum in BTC Price.
Throughout September, the #bitcoin price action has been largely confined to a narrow trading range, demonstrating a period of consolidation. During this time, a descending trendline consistently provided resistance, fueling expectations for an extended corrective phase among traders. However, the recent market surge—partly catalyzed by rising concerns of a U.S. government shutdown—saw BTC price attempting another breakout from this overhead barrier, igniting hopes for a renewed bullish phase.
Will the Current Recovery Surpass $28000?
The BTC price above the daily EMAs(20, 50, and 100) could offer additional.
A bullish breakout from the resistance trendline could surge the coin price by 4%
The intraday trading volume in Bitcoin is $6.2 Billion, indicating a 6% gain.
Source-Tradingview
Over the last six weeks, the Bitcoin price has encountered resistance from this overhead trendline on three separate occasions, illustrating that traders have been capitalizing on bullish spikes to sell. Today’s trading was no different; despite an intraday gain of 0.7%, the price met increased selling pressure at around the $27,200 mark.
This resulted in a long-wicked candlestick, hinting at the possibility of an imminent bearish reversal. Should the price dip below the low of $26,671 set on September 29, a further decline toward the $25,000 level would become increasingly likely.
However, the prevailing bullish sentiment suggests another potential outcome. If the daily candle manages to close above this key resistance level, we could see the price make a swift 4% recovery to meet the next level of resistance at $28,200, aligned with the descending trendline from previous highs.
A definitive breakout above this point could serve as a strong indicator of a more durable recovery, potentially propelling the $BTC price past the significant psychological milestone of $30,000.
1 BTC to USD=$27982.655
Buy / Sell
BTC
USD
BTC vs ETH Performance
Source: Coingape| Bitcoin Vs Ethereum Price
Coming to the past month’s price behavior in the two leading cryptocurrencies Bitcoin and #Ethereum , both have showcased the mid-term trend sideways. However, the Ethereum price has outperformed #BTC in last week’s recovery, indicating it is a better asset to ride the current rally.
Exponential Moving Average: The buyers’ reattempting to reclaim the 200-day EMA slope would offer an additional edge to buyers.
Average Directional Index: An uptick in the daily ADX slope reflects the buyers have enough potential to extend further recovery.#opbnb

At the time of writing, the king of cryptocurrencies is finding buyers at $26,000. However, the cumulative volume of crypto has decreased to $14 billion. The lack of interest has led to significant sideways movement in price over the weekend. On the other hand, Bitcoin miners have set a new record. So, will this have an impact on the price?
Bitcoin Mining
Despite the decline in price, Bitcoin miners are increasing their activities with about 6 months left until the halving. Mining activities of Bitcoin provide vital clues about the network’s health and profitability in the mining sector, and are constantly monitored by experts in the crypto ecosystem. According to the on-chain analysis company Glassnode, the network hash rate reached its highest level in the last 4 months on August 26. The previous 4-month peak was recorded more than a month ago on July 7.
The increase in hash rate is an extremely positive development for the security of the network. More active miners contribute to decentralization. The participation of more miners or the use of more efficient machines usually leads to an increase in this metric.
Bitcoin Hash Rate
The jump in hash rate has pushed mining difficulty to an all-time high last week. Mining difficulty is automatically adjusted approximately every two weeks to keep the total block time at 10 minutes.
Analysts from Bitfinex have revealed that the increase in mining difficulty is due to miners’ expectations of a rise in Bitcoin price. Miners are among the largest investor groups, and their market history is much older than that of an average investor. Experience, knowledge, and advanced analytical capacity give hope to investors at this point.
In their recent evaluation, analysts said:
“Miners can be sure that the price of Bitcoin will eventually recover. This deviation can be seen as just a deviation from its true value. Therefore, making more resource investments to mine Bitcoin at these prices can be quite profitable for them.”
Analysts also pointed out that miners are delaying the sale of their assets due to their belief in the growth potential of BTC. Glassnode’s data supports these views. We can see that the total supply held in miner addresses reached a high level of 1.83 million as of August 26.
It should be noted that miners often make cash outflows to cover mining and energy costs. The delay in liquidations typically indicates their expectation of further strengthening of the Bitcoin price.
#crypto2023 #binacefeed $BTC

As a trader in the cryptocurrency market, it's important to understand that prices can and will fluctuate. Although most traders love it when prices spike up, they should also be prepared for times when the opposite happens – when the prices plummet.
When crypto prices go down, traders should take a step back and reassess their strategy. Here are some tips on what traders should do when the market takes a dip:
1. Don't panic
It's natural to feel anxious when prices start to drop rapidly. However, it's crucial to maintain composure and avoid making rash decisions. Panic selling can lead to risks and losses that can be detrimental to a trader's portfolio.
2. Evaluate the reason behind the drop
It's important to understand what is affecting the prices of cryptocurrencies. Traders should research and explore current events, announcements, and market trends, to make informed decisions about the market. Fundamental factors, such as new regulations, crypto adoption by institutions, or technological developments, can all impact prices and should be carefully considered.
3. Assess portfolio holdings
Traders should take stock of their current holdings and determine which cryptocurrencies may be causing losses. If a particular asset is struggling, it may be wise to exit the position and allocate funds elsewhere to more promising assets. This process will not only help traders minimize losses but will also allow them to diversify their portfolios and take advantage of new opportunities.
4. Consider buying the dip
When prices drop significantly, traders may want to consider buying the dip. Although it requires courage and risk, this is often the time when prices are at their best value. History has shown that, during past market downturns, many cryptocurrencies recover and even reach new highs. This strategy can lead to significant gains for those who bought at the right time.
5. Set stop-loss orders
Stop-loss orders are crucial for traders, especially when prices start to fall. Setting a stop-loss order enables traders to limit their exposure to losses should prices continue to drop. This strategy allows traders to minimize the impact of a downturn and provides a sense of security.
The key point, trading in the cryptocurrency market is always a learning experience. Understanding what to do when crypto prices go down is an essential part of a trader's success in this ever-changing market. These tips will help traders make thoughtful and informed decisions during market downturns and provide an opportunity to capitalize on the market's volatility.#Binance #BTC #crypto2023 #BNB #trading

#Layer2 Gold takes a rocky path to $1,940.00 on Fed reaction, decides to walk down on Fed rate call.Fed outlook sees inflation slightly higher than predicted and holds steady on rates.XAU/USD waffled on market reaction, recovery rally fails to extend.
The XAU/USD slipped to $1,940.00 after the Federal Reserve (Fed) held benchmark interest rates at 5.5% for the time being. The Federal Open Market Committee (FOMC) released their inflation expectations looking forward, seeing inflation a little bit higher than it previously forecast.
Fed Chair Jerome Powell took the podium to outline the Fed's position in a speech shortly after the rate call, and his overall tone kept Gold prices bolted to their initial reaction levels.
Read More:
Jerome Powell speaks on policy outlook following the decision to hold interest rate steady
Fed dot plot points to one more 25 bps hike in 2023 and 50 bps cut in 2024
According to the Fed's 'dot plot', the Summary of Projections (SEP), the US central bank is still on pace to deliver one last 25-basis-point hike in 2023. The median of Fed officials sees the official Fed funds rate at 5.1% by the end of 2024.
Fed Chair Jerome Powell reiterated the Fed's dedication to achieving their long-term 2% inflation target. While Chair Powell noted that the Fed is very likely to be near the top of the rate hike cycle, but reaffirmed that the Fed will base its future decisions on data.
XAU/USD technical outlook
Gold prices initially ramped up during the pre-Fed Wednesday trading session, lifting from the day's opening near $1,931.00, reaching a peak of $1,947.00, just beneath the $1,950.00 critical level.
The XAU/USD swamped out following the Fed, declining to the $1,940.00 level before staging a profit-taking rally that ultimately failed to recover the day's high, and Gold is set to decline further from $1,940.00 if buyers remain on the sidelines.
On daily candlesticks, Gold saw a clear rejection from the 100-day Simple Moving Average (SMA), and current price action is seeing support from the 200-day SMA currently floating up to $1,925.00.
XAU/USD daily chart
XAU/USD technical levels
XAU/USD
OverviewToday last price1940.48Today Daily Change9.10Today Daily Change %0.47Today daily open1931.38

TrendsDaily SMA201924.58Daily SMA501931.99Daily SMA1001945.57Daily SMA2001923.66

LevelsPrevious Daily High1937.44Previous Daily Low1929.79Previous Weekly High1930.77Previous Weekly Low1901.07Previous Monthly High1966.08Previous Monthly Low1884.85Daily Fibonacci 38.2%1932.71Daily Fibonacci 61.8%1934.52Daily Pivot Point S11928.3Daily Pivot Point S21925.22Daily Pivot Point S31920.65Daily Pivot Point R11935.95Daily Pivot Point R21940.52Daily Pivot Point R31943.6#opbnb #crypto2023 #BTC #ETH

#BinanceTournament In the continuing legal saga between Ripple Labs, its top executives, and the U.S. Securities and Exchange Commission (SEC), U.S. District Court Judge Analisa Torres has made critical announcements concerning the upcoming trial dates and associated deadlines.
In an August 9 filing in the U.S. District Court for the Southern District of New York, Judge Torres indicated intentions to move forward with a jury trial for Ripple, including CEO Brad Garlinghouse and co-founder Chris Larsen. The anticipated trial commencement was targeted between April 1 and June 30, 2024. However, with blackout dates submitted from both sides, a slight delay pushes the earliest start date to April 20, 2024.
Upcoming Deadlines For Ripple Vs. SEC
Just in time, Ripple Labs, Garlinghouse, Larsen and the SEC have now filed their applications, which were due by yesterday, August 23. Yesterday, the counsel for Brad Garlinghouse and Chris Larsen have informed Judge Torres the dates they will not be available for trial in the second quarter of 2024. Both are unavailable from April 1-14.
On the flip side, Ripple Labs’ legal representatives filed a letter that the firm is “available for trial anytime in the second quarter of 2024.” The SEC relayed its unavailability for the dates April 15-19, May 1-7, and May 27-31. This means that the trial will start with a little delay, at the earliest on April 20.
Earlier in the case, Judge Torres delivered a partial summary judgment. This significant ruling discerned that Ripple’s institutional sales of XRP were found to constitute an unregistered securities offering, yet their programmatic sales did not fall under this definition.
The upcoming trial will be instrumental in determining the legal culpability of Ripple’s top brass, both accused of aiding and abetting securities laws violations concerning the XRP token. Notably, Ripple Labs has been spared of aiding and abetting charges.
Furthermore, key trial deadlines have been enumerated recently: By December 4, 2023, all parties have to “submit any motions in limine. Oppositions to any motions in limine shall be submitted by December 18, 2023.”
The same date, December 4, mandates the submission of “all required pretrial filings, including their proposed joint pretrial order, requests to charge, verdict form, and voir dire questions.” Both parties are also expected to “deliver to the court one copy of each documentary exhibit sought to be admitted” by December 4.
On another pivotal front, the SEC recently filed its Motion to Certify Interlocutory Appeal on August 18. Judge Torres, having considered submissions from both parties, has green-lighted the SEC’s appeal motion. However, the current filings refrain from explicating the rationale behind this decision.
Responding to the ongoing proceedings, Ripple CEO Brad Garlinghouse remarked on Twitter, “Reminder – the request for appeal (even if granted) doesn’t change the fact that XRP is not a security. That’s not up for debate / trial. But the SEC continues to claim that Chris and I acted recklessly in believing that $XRP is not a security. That’s utter nonsense.”
At press time, the #XRP price was at $0.53.#crypto2023 #Worldcoin

#CYBER The fusion of blockchain and Artificial Intelligence (AI) has given birth to many groundbreaking projects in the crypto space. These not only push the boundaries of innovation but are also set to redefine the future landscape of technology. As September approaches, enthusiasts seek the best cryptos to invest in. Three crypto AI projects stand out in the crowd: InQubeta ($QUBE), SingularityNET ($AGIX ), and OriginTrail ($TRAC). Let’s dive into what makes each of them a promising investment for September.
InQubeta (QUBE): Democratizing AI Investment
Akin to a revolution in the AI domain, InQubeta offers a solution that was once a dream for many – enabling average investors to invest in AI start-ups. InQubeta’s platform, backed by its native QUBE tokens, offers fractional investment opportunities, bridging the gap between high-potential AI start-ups and investors. This fuels the growth of these burgeoning companies and contributes to the broader evolution of AI technology.
As a deflationary ERC20 coin, QUBE comes with unique selling points, ensuring consistent rewards for its holders. Through a smart mechanism involving buy and sell taxes, QUBE incentivises staking and promises a brighter future with its transparent and secure investment ecosystem. And with plans to expand the InQubeta reach multi-chain by Q1 2024, this project is certainly one to watch. It is currently in the third stage of the QUBE presale, and over $2.5 million worth of tokens have already been sold. You may want to bag some cheap coins before the price increases for the next round.
SingularityNET (AGIX): The Global AI Marketplace
Treading on the heels of InQubeta is SingularityNET’s AGIX. Envisioned as a decentralized AI marketplace, SingularityNET promises an ecosystem where AI services can easily built, shared, and monetized. However, It’s a true democratization of AI, allowing developers globally to create, deploy, and most importantly, sell their AI-driven services.
AGIX, the beating heart of this ecosystem, serves as the platform’s native token. It facilitates payments for AI services, making the marketplace fluid and accessible. Moreover, AGIX’s intrinsic value is set to rise as the platform sees more adoption and growth, making it the best crypto investment for those eager to back the future of decentralized AI.
OriginTrail (TRAC): Improved Data Management
OriginTrail offers a fascinating blend of AI and blockchain. By focusing on data management, OriginTrail introduces an open-source protocol that merges blockchain with knowledge graphs. The result is a decentralized graph, a first of its kind, aiming to transform supply chains, enhancing efficiency, traceability, and transparency.
Powering this innovative ecosystem is the TRAC token. By incentivizing data providers, node operators, and other participants, TRAC also ensures that the network remains active and thriving. As more industries realize the potential of decentralized data management and provenance tracking, OriginTrail, and by extension, TRAC, stands poised for exponential growth.
Conclusion
The intertwining of AI and #blockchain presents a frontier filled with boundless opportunities. As we step into September, InQubeta, SingularityNET, and OriginTrail emerge as the leaders of this exciting confluence. Moreover, Their promise and innovative approaches make them must-watches for anyone keen on backing projects that could define the next era of technological advancements. It’s not just about buying top #crypto coins; it’s about supporting a brighter, more decentralized, and infinitely more promising future.#crypto2023 #cryptocurrency

1. Never believe anyone's price predictions.
2. Don't "diversify" into other cryptos; none of them are actually decentralized, everything except bitcoin is a shitcoin (yes, really), and it's all gambling. The point of bitcoin is not gambling, but to end modern day slavery (fiat currency).
3. When everyone you know is talking about bitcoin, you're at the top of a bull market. You'll likely be too exuberant to realize it though. It will be obvious in hindsight.
4. Don't "trade some altcoins on the side to get more bitcoin". You are not that smart, and the overwhelming probability is that you will get wrecked.
5. DCA into bitcoin. Ignore your emotions. Don't try to time the market. Just stack what you can every paycheck.
6. Don't be too excited about bitcoin; people will feel like you're scamming them even though you're just trying help.
7. Go to meetups & conferences. Don't be isolated. Bitcoiners are generally very awesome people.
8. When people ask you about how to buy bitcoin, send them to a BITCOIN-ONLY company. Example for why: My cousin bought bitcoin (on Coinbase) during the bull market, then sold it for shiba on the same platform and now she pretty much lost everything. Bitcoin-only companies are the safest option to keep newbies from doing newbie things.
9. Be on #bitcoin    twitter and nostr. Obviously if you're reading this, you're already here...but I didn't get on twitter until 2020 and can tell you that it's a lot less lonely hodling bitcoin when you see a bunch of other people on this platform experiencing the same things you are.
10. Be skeptical of influencers. Even me (I'm not a huge account, but still). Some are good, some are bad. Even if they have good intentions, their judgement can be clouded by bad incentives.
11. Stop trying to convince everyone you know that bitcoin will make everything better (even though it will). Instead, be a good resource for the people who eventually reach out to you about it. Be known as "the bitcoin guy" and let people come to you when they're ready. Have good content prepared for them to read/watch when they do.
That is all. It's been a great ride so far and I'm happy to know you guys.
#dyor #Crypto2023 $BTC #BitcoinBreaksBelow75KAsWarshTakesFedHelm #bitcoin