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XRP Bulls Building Incredible Momentum As Community Awaits Favourable Ruling In Ripple v. SEC Lawsuit ⋆ ZyCrypto

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XRP Lawsuit: Attorney Reveals Ripple

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Ripple’s XRP has emerged as one of this week’s best crypto assets in price performance. The altcoin, which has peaked traders’ interest in the last few days, surpassed its counterparts to secure gains as high as 15%.

The move is commendable for XRP bulls, mainly because the feat was achieved when most of the leading altcoins by market valuation recorded upsets in price value.

Santiment, a cryptocurrency market intelligence platform, details the bullish pattern in a recent tweet, explaining the upsurge in XRP’s price can be credited to the spike in network address within the past week.

Santiment adds that XRP has also seen a spike in social dominance, which has triggered interest in the asset and resulted in a price upswing.

It is worth noting that XRP bulls have managed to roll over gains into Friday. At report time, XRP’s 24-hours gains are still up 2.89%. Additionally, the asset’s 7-days performance above 12% hints that XRP bulls are building upward momentum. With prices currently at $0.37, the next few days remain crucial for the altcoin.

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There are many more reasons to remain bullish on Ripple and XRP

Meanwhile, XRP has also benefited from a recent move from whales. As reported by WhaleAlert, whales have been moving large amounts of XRP tokens.

This week, a colossal number of whale acquisitions were spotted, causing XRP’s price to spike.

The price of XRP quickly reacted to the moves, with a 10% upswing in price, as of when the purchases were carried out. 

Ripple supporters are also looking for the final verdict from the ongoing SEC vs Ripple case. Dan Gambardello, a popular crypto pundit, has predicted that the case will get a ruling soon. He expects the ruling to result in a change in the current state of the entire cryptocurrency market.

Per his recent tweet: 

“I think we’ll see a ruling on the Ripple case by March. Considering the timing of the market cycles, this could be a huge pivot point for a crypto shift from bear to bull on the macro.”


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BitPay Announces Partnership With MoonPay – Bitcoin Magazine

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Bitcoin And Artificial Intelligence Frees Your Time - Bitcoin Magazine


BitPay and MoonPay, leading bitcoin and cryptocurrency payments infrastructure providers, have partnered “to provide BitPay users with significantly increased ways to buy cryptocurrency instantly, and at great rates.”

“BitPay’s unique marketplace experience also presents multiple rates for buyers, ensuring they receive the best possible price for their cryptocurrency purchases,” the press release states. “Additional benefits of the integration include fast delivery to any owned wallet address, as well as the ability for buyers to pay with their preferred method, including credit card, debit card, Apple Pay, Google Pay or a variety of local bank transfer methods.”


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Why Real Regulatory Change In Crypto Has Not Happened

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Why Real Regulatory Change In Crypto Has Not Happened



Legislators need to educate themselves on Web3 if they care about protecting consumers, Steven Eisenhauer, chief risk and compliance officer at Ramp, writes.


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South Korea to deploy cryptocurrency tracking system in 2023

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South Korea to deploy cryptocurrency tracking system in 2023


The Ministry of Justice in South Korea announced plans to introduce a crypto-tracking system to counter money laundering initiatives and recover funds linked to criminal activities.

The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance, according to local media outlet khgames.

While the system is slated to be deployed in the first half of 2023, the South Korean ministry shared plans to develop an independent tracking and analysis system in the second half of the year. A rough translation of the ministry’s statement reads:

“In response to the sophistication of crime, we will improve the forensic infrastructure (infrastructure). We will build a criminal justice system that meets international standards (global standards).”

The South Korean police previously established an agreement with five local crypto exchanges to cooperate in criminal investigations and ultimately create a safe trading environment for crypto investors.

Related: South Korean prosecutors request arrest warrant for Bithumb owner: Report

The South Korean Supreme Court ruled that crypto exchange Bithumb must pay damages to investors over a 1.5-hour service outage on Nov. 12, 2017.

The finalized ruling from the supreme court ordered damages ranging from as little as $6 to around $6,400 be paid to the 132 investors involved.

“The burden or the cost of technological failures should be shouldered by the service operator, not [the] service users who pay commission for the service,” the court stated.


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