Author: NBTC

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Dennis Kelleher, Better Markets’ President and CEO, expresses confidence in the SEC’s likelihood of winning on appeal against Ripple. According to Kelleher, the SEC has a 90% chance of succeeding on appeal. Kelleher issued the speculation in reaction to claims made by Ripple CLO Stuart Alderoty regarding the possibility of the Second Circuit overturning Judge Torres’ decision. Ripple CLO Says SEC Has 10% Chance of Winning on Appeal As reported earlier, the Ripple CLO asserted that the Second Circuit would not overturn Judge Torres’ decision on XRP’s non-security status and secondary market trading of the coin. For context, Judge Torres…

Bitcoin (BTC) dropped by 4.4% last week pressured by long-term holders (LTH), whales, and miners selling their holdings, according to the latest edition of the “Bitfinex Alpha” report. The movements happened mainly through exchange sales and over-the-counter (OTC) transactions. These groups, historically known to divest during bull markets and consolidation phases, are demonstrating their market influence once again. The recent selling, though less intense than previous instances, underscores the significant impact LTHs and whales have on liquidity and price fluctuations. Image: Bitfinex/TradingView Notably, on-chain metrics reveal that LTHs were the main contributors to the recent sell-off, overshadowing exchange-traded funds (ETF)…

Litecoin completed over 12 million transactions last month, surpassing many other blockchain lifetime totals. Crypto analyst MASTERBTCLTC predicts Litecoin will peak in October 2025 based on historical cycles. Litecoin recently achieved a huge milestone by processing over 12 million transactions in the last month. This is an impressive achievement, surpassing the lifetime transactions of several other blockchains. BREAKING: Litecoin has just completed over 12 million transactions in the last month. That’s more than some blockchains have done in their lifetimes. What’s in your wallet? #Litecoin ⚡️ $LTC pic.twitter.com/dU1xjF44vr — Litecoin (@litecoin) July 6, 2024 Despite this milestone, the market reaction…

Dennis Kelleher gives a 90% probability that the SEC will triumph in its appeal in the Ripple case, which he considers the flaws of the decision made by Judge Torres. Kelleher saw Judge Torres’ decision to exempt retail transactions from securities laws as a shift from legal studies’ conventional precedents. Ripple is fined $125M and may initiate a Supreme Court lawsuit, suggesting persistent regulatory issues in the cryptocurrency market. The current legal battle involving Ripple and the U. S.Securities and Exchange Commission has also drawn criticism from other commentators.This includes Dennis Kelleher, the acting CEO of Better Markets. Other factors…

Katie Stockton, founder and managing partner at Fairlead Strategies, believes the broader equities market and Bitcoin (BTC) are still in a bull market cycle. Stockton shared her view of the market during an interview on CNBC’s ‘Squawk Box’ on Monday. Highlighting the current market outlook compared to three weeks ago, she said: “We were in a little bit of a pullback but that’s been sort of solved on the upside for the S&P. You know, hasn’t quite resolved yet, [but] almost, we’re very close to that. Where that happens is actually on a strong open above 5440, so we’ve been…

ChatGPT predicts that XRP prices if Ripple wins against the SEC in the final verdict. The ongoing lawsuit between the SEC and Ripple is one factor influencing the price of XRP over the years. Recall that the SEC charged Ripple in 2020, alleging that the company violated securities laws while selling the coin to retail and institutional investors. Since the SEC filed its lawsuit on Dec. 22, 2020, XRP has endured a bearish trend. While most digital assets recorded new all-time highs (ATHs) in 2021, XRP failed to surpass its previous record of $3.84, registered on Jan. 4, 2018. As…

In a significant update to the United Arab Emirates’ judicial approach to cryptocurrency, the Dubai Court of First Instance has ruled that cryptocurrency salary payments are valid under employment contracts. Irina HEAVER, a partner at UAE law firm NeosLegal, explained that the ruling in case number 1739 of 2024 marks a departure from the court’s previous position in 2023, when a similar claim was dismissed because the cryptocurrency involved was not accurately valued. Heaver believes that this demonstrates a “progressive approach” to integrating digital currencies into the country’s legal and economic system. Heaver said the case involved an employee who…

BlackRock CEO Larry Fink recently addressed the Group of Seven (G7) leaders. He highlighted a significant shift in the global financial system. Fink emphasized the growing role of capital markets as the primary source of private-sector financing. This change signals a pressing need for new strategies to unlock financial potential. Larry Fink: The “Growth Dilemma” In a keynote address, Fink highlighted a pressing “growth dilemma” impacting emerging economies and established economic powers. “The International Monetary Fund and the World Bank were created 80 years ago when banks, not markets, financed most things. Today, the financial world is flipped. The capital…

The Shiba Inu (SHIB) community is abuzz with excitement as the lead developers, Shytoshi Kusama and Kaal Dhairya, are hinted to be embarking on an adventure. Lucie, a Shiba Inu team member, has expressed her enthusiasm, adding to the growing anticipation within the community. In a tweet, Lucie hinted at an upcoming adventure involving the Shiba Inu developers: “Luck is what happens when preparation meets opportunity. Looking forward to our Shytoshi Kusama and Kaal Dhairya adventure,” she said, capturing the sentiment of many within the SHIB community, who are eager to see what this journey will entail and how it…