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Legal specialist Jeremy Hogan has detailed possible tactics Ripple could use to reduce a speculated SEC penalty of $770 million significantly. On Nov. 5, Hogan took to social media platform X to outline pivotal arguments that Ripple might leverage to mitigate the damages pursued by the SEC. Finally, the SEC has to prove some nexus between the purchaser of XRP and the United States. In other words, if Ripple sold XRP to a German investment company with no ties to the U.S., the SEC has no jurisdiction over that sale. The "nexus" question will be interesting. — Jeremy Hogan (@attorneyjeremy1) November 5, 2023 Hogan highlights that the SEC’s pursuit of “disgorgement,” aimed at recouping profits from alleged misconduct, should be calculated using Ripple’s net profits rather than the total revenue. This key difference could permit the deduction of business expenses from Ripple, potentially reducing the demanded amount substantially. Another point...

Ripple ’s native token XRP is currently hovering around the $0.60 mark and remains in the green. The fifth biggest cryptocurrency in terms of market cap had a phenomenal rise in the last two weeks in the indices. The sudden price spurt is making Ripple ’s native token experienced a large inflow of funds. XRP spiked nearly 26% in the last 14 days and is attracting bullish sentiments in the charts. Also Read: Shiba Inu: $500 in SHIB Becomes $3.8 Million in November 2023 Now that the altcoin is doing well, we will highlight how it could perform during the first week of November 2023. Source: CoinGecko Ripple: XRP Price Prediction For November First Week Source: DailyHodl.com Leading on-chain metrics and price prediction firm Changelly paints a rosy picture for XRP during the first week of November. According to the forecast, Ripple ’s native token could reach a new weekly high of $0.80 in the next few days. That’s an uptick and return on investment (ROI...

The Swiss Central Bank recently announced at the Sibos 2023 conference in Toronto about using live transaction payments with the Central Bank Digital Currency (CBDC). Ripple is also working closely to develop CBDCs for the smooth functioning of the global currency exchange and remittance network. Speculations are now rife that the Swiss Central Bank could be using Ripple’s XRP for the settlement system in the pilot batch. Also Read: Ripple: ChatGPT Predicts If XRP Will Experience a Bull Run in 2024 Rumors suggest that Switzerland’s Central Bank is using the R3 Corda Settler code which hooks into XRP Oracle alongside SWIFT. The speculations of being associated with Switzerland’s Central Bank have generated a significant buzz in Ripple ’s XRP community. The rumors gained steam after Ripple ’s CEO Brad Garlinghouse did not confirm nor refute the speculations. So, is there any truth to the rumors? Is the Swiss Central Bank utilizing the blockchain t...

On Friday, Ripple’s cryptocurrency XRP registered a 2.27% uptick, marking its consecutive positive sessions following a 2.14% rise on Thursday, wrapping up at $0.5216. Significantly, Deaton spotlighted the ripple effects since the SEC’s declaration of intent to contest Judge Torres’ judgment. Deaton anticipated Judge Torres to nod to the SEC’s request for an interlocutory appeal. In his viewpoint, this interlocutory motion provides an avenue for Judge Torres to address critiques from Judge Rakoff, the overseeing judge in the SEC vs. Terraform Labs lawsuit. Deaton, elucidating on the appeal’s timeline, emphasized one to two years. Consequently, the interlocutory appeal would place the SEC vs. Ripple litigation on hold until the SEC’s appeal concludes. Deaton asserted, “If the SEC emerges victorious at the second circuit, which I’m skeptical they will, the case then circles back to Judge Torres.” He elaborated that Judge Torres would reapp...

In a recent publication , the Singapore police force revealed that they are looking into crypto lending platform Hodlnaut. The agency’s Commercial Affairs Department is reportedly handling the investigation into accusations of cheating and fraud among the DeFi lender’s leadership. Users File Complaints with the Police According to the release, several accusatory reports surrounding the platform have made their way to the police since August. These allegations claim that the company’s leadership had shared false data regarding its exposure to an undisclosed virtual asset. Arising from these police reports, the CAD is investigating Hodlnaut and its directors for possible cheating and fraud offences under Sections 417 and 424A of the Penal Code 1871,” said the police release. In their release, the police encouraged users to submit reports if they had deposited assets with Holdnaut and felt they had been defrauded afterward. They also instructed them to submit documents backi...

The Post-Summary Judgment Era XRP holder’s lawyer, John Deaton has taken to his official Twitter account to debunk the key myth or assumption about the Ripple vs SEC lawsuit he believes is wrong.  advertisement Responding to a shared interview by a Twitter account dubbed Digital Asset Investor.XRP, the case of the aspect of the core decisions that will go to trial sprang up. To correct the current misconceptions surrounding what elements of the case will possibly make it to the trial, Deaton said the Summary Judgment that declared XRP is not an investment contract will not be up for trial. In order to clear the air on what the community called debunking the complications, Deaton highlighted that only the claims on whether Ripple founder Chris Larsen and current CEO, Brad Garlinghouse “aided and abetted Ripple related to Institutional sales” is what will be settled should the case progress to trial. Wrong again. Ripple was granted summa...

The top 100 DeFi tokens had a mixed week, with most of the tokens trading in a narrow range before surging on July 13 courtesy of Ripple’s partial win in its court battle with the SEC. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. This week, Finance Redefined looks at the growing popularity of zero-knowledge proof-based scalable solutions. Zero-knowledge rollups (ZK-rollups) technology has gained a lot of traction over the past year thanks to its increased use in the Ethereum ecosystem. Bug bounties are seen as a great reward system for white hat hackers to weed out bugs in the DeFi ecosystem, which often fall prey to exploits. However, recent analysis suggests these programs have mixed results. After a series of exploits on the Multichain protocol over the past couple of weeks, the founder of Connext proposed a “Sovereign Bridged Token” standa...

It all began when one Twitter user identified as Mr. Huber referred to a statement made by Ripple Labs Chief Executive Officer (CEO) Brad Garlinghouse last year. advertisement XRP Lawsuit: Community Expects Summary Judgement Earlier  Garlinghouse had implied sometime ago that a decision on the lawsuit was expected in “weeks.” Also, Pro- XRP lawyer Deaton noted earlier that the lawsuit was coming to a close soon. But it’s been over a year since that statement was made and no verdict has been given yet.  As such, Mr. Huber pointed out that there have been some inconsistencies in the information being passed to the public. “People claiming: “This is normal. That it takes so long is perfectly normal,” you cannot at the same time claim “Yeah, this case takes much more time than anyone could ever have imagined! But you have to consider this case is the case of a century! MONUMENTAL!” Please be consistent.,...

The entire crypto market awaits the result of todays Federal Reserve presser, and traders are hopeful that positive news will trigger a price breakout to the upside. The United States equities markets rose after the consumer price index print on June 13 came in below expectations but Bitcoin (BTC) and the altcoins failed to recover. This suggests that cryptocurrency traders are focused on crypto-specific issues and are not buying on favorable macroeconomic news.  However, there is a ray of hope for the bulls because Bitcoin is still holding above the $25,000 support. MicroStrategy co-founder Michael Saylor said in a Bloomberg interview on June 13 that the regulatory crackdown by the Securities and Exchange Commission may be bullish for Bitcoin. Saylor expects Bitcoin’s dominance to hit 80% in the future as “mega institutional money” flows into crypto after the “confusion and anxiety” dies down.  Although Saylor’s views may sound comforting to the Bitcoin bulls, they should keep in mi...