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Ripple Prevented The SEC From Accessing Legal Concerns Of XRP

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Ripple prevented the SEC from accessing legal concerns over XRP and its status as it could bolster more legal arguments against the company so let’s read more in our latest ripple news today.

Ripple managed to prevent the SEC from gaining access to legal records but Ripple prevented the SEC from accessing the records of legal advice that the crypto payments company looked after or received about the XRP status as a security. The SEC asked Judge Netburn to order Ripple to produce records of legal advice whether its massive sales of XRP are compliant with the federal securities laws but the Judge said:

“Ripple asserts that the SEC’s requested communications are protected by the attorney-client privilege, which has not been waived.”

The SEC claimed that Ripple’s understanding of the legal status of XRP will support the ongoing legal battle as the agency issuing ripple for Selling $1.3 billion worth of XRP in ongoing unregistered securities offerings but Ripple denied all these complaints since the SEC lodged them back in December.

The partner at law firm Hogan and Hogan who has followed the case, Jeremy Hogan, tweeted that the decision today was very important because the Judge stated Ripple’s subjective beliefs are not relevant to the Fair Notice defense and it is blocking the road that the SEC wanted to use to fight the defense. However, judge Netburn said that her conclusion concerns this specific case and said:

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“The Court takes no position about whether Ripple’s pleaded defense is cognizable or if it will prove meritorious.”

Ripple asked Judge Netburn to order the SEC to disclose internal memos on crypto but the lawyers believed that it will be advantageous to learn if the SEC was prejudiced against XRP. Netburn granted the request in larger part.

As recently reported, Garlinghouse confirmed that Ripple will go public after the SEC lawsuit and said that the lawsuit will probably be settled. During another interview, Garlinghouse said that XRP is a zero inflationary token, unlike BTC and ETH. Speaking at the event, Ripple’s CEO said the company looked into options for how it could become public in 2020 but the SEC’s allegations that it had conducted an unregistered security offering stopped all plans.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Source: https://www.dcforecasts.com/ripple-news/ripple-prevented-the-sec-from-accessing-legal-concerns-of-xrp/

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Most Wanted List Of The US Secret Service Includes Crypto Scammers Too

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The most wanted list of the US Secret Service includes crypto fraudsters and scammers as well, as we can see from the released list earlier so let’s read more about it in our latest cryptocurrency news today.

The US Secret Service protects the US political figures and conducts criminal investigations, released a list of Most Wanted fugitives and it contains a few individuals who used the digital currencies for their crimes. A 36-year old citizen of Costa Rica named Allan Garcia is wanted for managing daily operations of Liberty Reserve which is a company that operated in digital currency as the agency said:

“The company grew into a financial hub of the cybercrime world, facilitating a broad range of online criminal activity, including credit card fraud, identity theft, investment fraud, computer hacking, child pornography, and narcotics trafficking.”

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The Indian police is more active in its cases to bring crypto scammers behind bars.

Another man from Russia named Danil Potekhin was also on the list. Between 2017 and 2018 Potekhin and his colleague, Dmitrii Karasavidi launched a new phishing campaign that targeted users of several digital currency exchanges and according to the Secret Service, both of them were able to withdraw some of the holdings and manipulate the digital currency markets. The agency is also looking for Rashawd Lamar Tulloch who is a 33-year old citizen and accused of acting as a third-party money launderer who defrauded victims out of millions of dollars. Tulloch ran an operation that converted payments into BTC.

The presence of crypto related criminals on the list is only a sign that the crime coming from the crypto industry is generating even more government attention than it did before. The Department of Justice announced that ransomware attacks are common in the industry and will be prioritized along the same lines as terrorism. The announcement came after the recent Colonial Pipeline hackers. The G7 echoed the Department of Justice a few days later and committed to fighting crypto fuelled ransom attacks.

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Speaking of scams, Africrypt stole $3.6 billion in BTC just as the investors are having a hard time managing the coin’s volatility making it one of the biggest scams in history. Africrypt stole by gathering clients and targeting high net worth investors and urges them to refer their friends while offering returns of up to 10% per day. According to the reports, the South African FNB and enabled all of the transactions for the investment platform.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

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Source: https://www.dcforecasts.com/bitcoin-scams/most-wanted-list-of-the-us-secret-service-includes-crypto-scammers-too/

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DOGE And ADA Spiked 6% While BTC Has A Hard Time Near $33K

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DOGE and ADA spiked 6% chartering the most gains in the past 24hours while Bitcoin fails to continue higher and remains stuck at $33,000 as we can see more in our recent altcoin news.

DOGE and ADA made some strong gains while Bitcoin struggles as it seems stuck around $33,000 and while most altcoins failed to produce gains, both of these coins jumped by 6%. Over the past few days, we were reminded of the BTC enhanced volatility. The asset went from a high of $36,000 all the way to $28,500 in a few hours and became its lowest price point in a few months. But this is not all of course as it reclaimed more than $5000 of value in hours as reported. The bulls pushed it upwards and BTC pumped to a new high of $35,000.

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DOGE 24-hour Price Chart (Source: Coingecko)

However, after the many bearish signs, the crypto reversed its trajectory once again and it dropped by about $2500 and despite recovering the hundred dollars since it is struggling below $33,000. The market dominance declined by 0.5% since a day ago and some alternatives even charted more gains.

As recently reported, The meme token Dogecoin showed strength in posting a 50% gain from the Tuesday lows of $0.16 but at the time of writing, DOGE staged a 50% recovery and it is priced at $0.22. The $0.16 zone was established by the strong support area formed in mid-April around the time when the Elon Musk-spiked FUD emerged. This week saw DOGE bounce off the levels on three occasions further explaining it as a price level where the buyers stepped up. The markets are making up the most of the bullish momentum but Dogecoin leads the top 10-in terms of the biggest gains.

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ADA 24-hour Price Chart (Source: Coingecko)

The narrative that DOGE already topped out persists and with no analysis reiterating the message, will this level of $1 remain a fantasy? Dogecoin’s 2021 performance has been quite spectacular and as of this peak, DOGE was priced at $0.75 and give it a year-to-date performance at the time o 15,000%. The accomplishment set up a narrative that defined the use cases and sound tokenomics which doesn’t equate to the out-doing of the competition. Dogecoin was a source of resentment as its rise showed that the huge profits in crypto weren’t reserved for those who do the research and make rational judgments based on it. Glauber Contessoto was one of the “degens” and he became a millionaire after he invested $25,000 life savings in Dogecoin back a few months ago.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

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Source: https://www.dcforecasts.com/dogecoin-news/doge-and-ada-spiked-6-while-btc-has-a-hard-time-near-33k/

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IOHK to integrate Cardano into decentralized crypto trading platform Orion

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Orion, a DeFi ecosystem and crypto trading platform along with blockchain engineering company IOHK, today announced a partnership to integrate the Cardano blockchain into Orion’s trading terminal.

The Orion terminal allows users access to all of the major crypto exchanges; without needing to undergo extensive KYC and AML checks required to sign up to each individual platform, while also ensuring the best price for every trade.

By using Cardano’s energy-efficient ‘Proof of Stake’ mechanism, a technology pioneered by IOHK, Orion will also achieve more sustainable growth through this partnership, an alternative to the widely criticized Proof of Work system employed by Bitcoin and the majority of other blockchains, which uses more energy than the whole of Switzerland. In comparison, Cardano uses the equivalent energy of a family home.

Further, via Orion’s solutions, this integration seeks to bring meaningful transaction volume to the Cardano blockchain.

“We believe that industry collaboration is crucial in order for blockchain to achieve mainstream adoption, which is why we have always taken an open source and patent-free approach to building Cardano. As a result, we are always looking to partner with projects like Orion, which are crucial in order for blockchain to achieve its ‘Bluetooth moment’ where users have a seamless experience when using blockchain networks, regardless of which platform they are using.”
– Romain Pellerin, CTO at IOHK

Orion’s long-term goal is to combine access to both the traditional financial markets and NFT marketplaces. This requires a strong, scalable blockchain, one of Orion’s reasons for partnering with IOHK and integrating Cardano.

“Scalability is of critical importance to Orion in order to achieve widespread adoption: to become the single point of access to the digital asset market, we need a robust, scalable infrastructure that can effectively and efficiently handle the transactions that occur on such a platform. Engineered for efficiency and scalability, the Cardano ecosystem is developing into the most complete and most useful blockchain ever constructed. As the market races towards the solution for the leading alternative to Ethereum on which to build a blockchain-based financial future; Cardano is primed to take that spot as the first and largest proof of stake blockchain, solving critical areas such as cost, latency, efficiency, and scalability. With Orion’s goal of making the digital asset market inclusive and accessible; Cardano’s inclusive and open-source method is a perfect fit.”
– Timothea Horwell, CMO at Orion

Source: https://www.cryptoninjas.net/2021/06/23/iohk-to-integrate-cardano-into-decentralized-crypto-trading-platform-orion/

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