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Cryptocurrency News Articles
XRP Holders in for a Bumpy Ride as the SEC Appeals Last Year's Ruling and Cardano Disappoints with Its Recent Gains
Oct 22, 2024 at 12:44 pm
As the cryptocurrency asset class matures, there will come clearer regulatory certainty for projects and investors alike. In the meantime, XRP holders are in for a bumpy ride as the SEC appeals last year's ruling and Cardano disappoints with its recent gains.
Cryptocurrency Press Releases: Ripple (XRP) SEC Court Case Back On The Agenda
As the cryptocurrency asset class matures, there will come clearer regulatory certainty for projects and investors alike. In the meantime, XRP holders are in for a bumpy ride as the SEC appeals last year’s ruling and Cardano disappoints with its recent gains.
Here’s a quick overview of the hottest stories in the cryptosphere today. Don’t forget to check out the latest crypto prices to stay up to date on the market’s movements.
Ripple (XRP) SEC Court Case Back On The Agenda
XRP holders are still reeling from the news that the SEC has decided to appeal 2023’s court ruling, challenging the decision made on executive sales of the XRP token. XRP Labs is set to counter this appeal by aiming to defend a court ruling that cleared XRP of any wrongdoing.
If the SEC is successful, XRP will be subject to more fines and ongoing regulatory action. This could have a dismal effect on the Ripple price, sending Ripple as low as $0.42 in the short term.
Cardano (ADA) Chain Develops Despite Lackluster Price Action
Cardano continues to wallow outside the crypto top 10, as it fails to keep pace with the recent market rally. Cardano has only gained a meager 2.2% in the last month of trading compared to the double-digit returns of many chains.
Despite this, the Cardano ecosystem has been seeing growth lately with increased Cardano whale activity and advances in decentralization thanks to the recent Chang hard fork. This is long-term bullish for Cardano although there are faster horses in this race and Cardano holders should consider diversifying here.
Rollblock (RBLK) Web3 Innovation Raising The Stakes For Casino Platforms
Rollblock (RBLK) is making existing casinos look embarrassingly out of date as it brings the web3 revolution to this enormous $450 billion industry. True innovation always finds a way to succeed…
Instead of casinos having the upper hand and getting away with endless bet manipulation, Rollblock secures all transactions on the Ethereum blockchain. This means gamers can go ahead and confirm everything on-chain in a move that will radically shake up the traditional platforms.
RBLK is surely a long-term hold for this cycle, as it combines superb utility with staking potential of up to 30%. Supply is also only going down long term as RBLK benefits from a deflationary revenue-share scheme that takes casino profits and buys up RBLK from exchanges each week. Of these tokens, 60% is sent straight to a burner address and the remaining 40% is earmarked for staking rewards to be paid to loyal holders.
This is one gaming coin surely destined for the crypto top ten as Rollblock reaches mass adoption this cycle.
Make sure to spin some profits from XRP and Cardano into this 100x disruptor before the price explodes from $0.0315 in the coming supply squeeze! Cash in on a 100% deposit bonus of up to $500 while this incredible offer stands.
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