Ripple Triumphs as Judge Dismisses Charges Against Top Execs, Peter Schiff Predicts BTC Crash Ahead of ETF Verdict, Shibarium Gets New Feature: Crypto News Digest by U.Today
U.Today
Published Oct 26, 2023 01:01PM ET
Ripple Triumphs as Judge Dismisses Charges Against Top Execs, Peter Schiff Predicts BTC Crash Ahead of ETF Verdict, Shibarium Gets New Feature: Crypto News Digest by U.Today
U.Today - Check out the top three news stories over the past day presented to you by U.Today.
Ripple triumphs as Judge Torres dismisses case against Garlinghouse and Larsen
Oct. 19, 2023, has all the chances to leave a mark on Ripple's history, as Judge Torres of the U.S. District Court in New York dismissal of the charges by the SEC against Ripple's top executives, Brad Garlinghouse and Chris Larsen. On that day, the judge signed the order, thus putting an end to the regulator's claims against the company's leading figures. Soon after the decision became public, Garlinghouse took to X platform to with his followers, celebrating yet another victory of Ripple and criticizing the SEC for wasting millions of taxpayers' money. The CEO then expressed his gratitude to "the best lawyers in the business," namely Stuart Alderoty, Deborah McCrimmon and Matt Solomon, for their support, "wisdom and friendship."
Bitcoin at $35,000: Peter Schiff predicts crash ahead of ETF verdict
Bitcoin, the largest crypto by market cap, saw its price spiking by 15% yesterday, reaching a new yearly high at $36,000. The flagship asset rode on the wave of two big pieces of news; first, the U.S. Court of Appeals for the District of Columbia Circuit ordered the SEC to reconsider Grayscale's application to convert its GBTC fund into a Spot Bitcoin ETF. Second, the SEC approved Grayscale's application to launch a Spot Ethereum ETF. However, as optimistic as this news might be, it did not bring joy to prominent Bitcoin opponent . In his recent X post, Schiff pointed at BTC's price of $35,000 and suggested that speculators are betting on the SEC's approval of Grayscale's GBTC conversion into an ETF. He then said that the conversion may mark the peak of BTC's price increase, if the asset does not sell off prior to approval. If the ETF conversion is rejected again, Schiff added, the sell-off will be less severe.
Shiba Inu's Shibarium receives new feature
Yesterday, , a well-known member of the Shiba Inu team, shared the news of a new feature that recently appeared on Shibarium Scan, the Shibarium blockchain explorer. Thanks to this new feature, users will be able to connect to Shibarium Scan through email and view updates, progress and numbers on Shibarium on the go. In the following post, Lucie added that users do not need to connect their wallets and, therefore, their crypto assets remain safe. The appearance of such an option follows about the rise of fake websites, NFT airdrops and phishing scams issued by "ShibArmy Scam Alerts" X account. Shiba Inu holders are advised to do their due diligence before connecting their crypto wallets to any website.
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