Could Bitcoin's Cooldown Be Good For XRP and Altcoins ? | @xrp @ripple @bitcoin
In this video I go over @XRP vs @Bitcoin when it comes to where the money will flow in the next cryptocurrency bullrun. Will altcoin season hit? Or will bitcoin continue it's lead? Comment below and subscribe for more daily xrp news !
[disclosure] This is not investment advice. All investments have risks. I am not responsible for any financial losses or gains you have made in investments. This content is for entertainment and educational purposes only. Not financial advice.
Crypto-currency news stories today : FaceBook is going to experiment with blockchain technology. Could we see a FaceCoin in the future ? Also Bitcoin whales are stashing their fortunes in underground vaults - should you ? Lastly, my take on Warren Buffet and Bill Gates comments about bitcoin and cryptocurrency ! All this in today cryptocurrency news show ! Like coin news daily ? Subscribe to the channel.
Today's video: HUGE NEWS! FACEBOOK INTERESTED IN BLOCKCHAIN + MORE STORIES [cryptocurrency news]
ARTICLE EXCERPT BELOW:
facebook and cryptocurrency : Facebook is diving headfirst into the blockchain.
Recode reports the social media giant is creating a team dedicated to block_chain, headed by former Messenger lead David Marcus, who also has experience at Coinbase and PayPal. Marcus later confirmed this shift in a Facebook post.
But so far, no one is quite sure what that means what Facebook’s actually up to here. Are they making a cryptocurrency that will rival bitcoin, or are they just haphazardly adding blockchain to the laundry list of things they say they do, like that Long Island Iced Tea company did? Facebook is getting ready for the day when blockchain is a crucial part of the internet.
Facebook has done whatever it can to prevent people from using other services. It’s purchased dozens of other companies, either to acquire their IPs or to keep its audience from even having the choice to go elsewhere. Some of these include Instagram, Oculus VR, and WhatsApp (plus some other services you might not have heard of, such as a check-in service called Hot Potato). And whatever it can’t buy, it’s copied — from video chat apps to disappearing stories eerily similar to those offered by competitor Snapchat.
If and when blockchain becomes integral to how we regularly use the internet (as blockchain evangelists may claim), Facebook will want to make sure it doesn’t get left behind a potential competitor. You can’t own the blockchain, but you can make sure your platform has a better grip on it than most. Facebook wants to make everyone’s data blockchain-level secure.
The recent Cambridge Analytica scandal didn’t cause the mass exodus from the platform that some thought it might. But the public is still skeptical of Facebook and how it handles all of our private information. One of the big selling points for blockchain technology is that it decentralizes all of the information held on it, keeping it out of any one organization’s hands.
Put these two things together: some people have speculated that a blockchain social network, or integrating blockchain into how Facebook stores our information, could make our data much more secure.
But Facebook has all sorts of financial incentives to continue storing and selling data. It doesn’t
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LBRY Credits (LBC) Up 90% (Cryptocurrency News)
The U.S. Securities and Exchange Commission has filed a lawsuit against New Hampshire-based crypto startup LBRY Inc., accusing the company of selling unregistered securities in the form of its token.
LBRY operates a decentralized content publishing platform. According to the company, the firm's in-house tokens, dubbed LBRY Credits, are used as part of the platform to publish and buy content.
The SEC's lawsuit contends that LBRY Credits are securities and that the firm's sale of these credits constituted an unregistered offering to investors.
"According to the SEC's complaint, from at least July 2016 to February 2021, LBRY, which offers a video sharing application, sold digital asset securities called "LBRY Credits" to numerous investors, including investors based in the US," the SEC said in a statement published Monday. "The complaint alleges that LBRY did not file a registration statement for the offering, and that the offering failed to satisfy any exemption from registration."
The SEC further said that the firm "received more than $11 million in U.S. dollars, Bitcoin, and services from purchasers who participated in its offering." A copy of the complaint can be found here.
LBRY framed the lawsuit as a broader attack on the U.S. crypto industry, an approach that mirrors those taken by messenger app Kik and, more recently, distributed ledger firm Ripple.
"The Securities and Exchange Commission has filed a complaint against LBRY Inc alleging that all distributions of LBRY Credits by LBRY Inc are unregistered securities offerings," LBRY wrote in the FAQ section of a website it launched in the wake of the lawsuit's filing. "This claim is a tremendous threat to the entire cryptocurrency industry."
In the FAQ, LBRY indicated that it had been the subject of an SEC inquiry for three years.
"LBRY Inc has been preparing to fight this case for three full years, which is how long the SEC has been investigating this matter. We wanted to tell you sooner, but transparency in ongoing investigations is not welcomed by the SEC," the firm wrote.
#lbry #crypto #lbc
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It's Official - Ripple XRP is The LARGEST AltCoin
Just some ripple xrp news today !
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$XRP$ - Ripple is giving away free XRP. This is good for marketing and increasing the amount of people who know about XRP. xrp news daily ! Subscribe for more ripple xrp updates
ARTICLE: XRP was created to bridge the gap between banking and decentralized technology, that is as a way to move money faster and cheaper. The problem is very few people are using it this way according to an article in the New York Times. As utility becomes the watchword for cryptocurrencies success in the future, Ripple has been putting quite a lot of XRP into the world for free.
When late night talk show host Stephen Colbert generously announced a donation of $29 million worth of XRP to American teachers it wasn’t coming from his personal account. Nor, when Ashton Kushner presented the equivalent of $4 million of the digital coins to The Ellen DeGeneres Wildlife Fund did that come from his pocket. Ripple put up all that XRP as an initiative to get more of their cryptocurrency out into the working world.
The company can be so easy with its XRP coins because, unlike Bitcoin which limits the number of its coins entering the world with a transactional formula (more transactions = more mining = more bitcoins), all of the XRP that will ever be was created in 2013.
https://www.newsbtc.com/2018/07/03/ripple-pushes-towards-utility-by-giving-away-xrp/
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Mike Novogratz Raising $250M For Crypto Fund
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Ripple Is Winning Vs The SEC - XRP News Daily
XRP (CCC:XRP-USD) is having quite the up-and-down 2021. Thanks to the SEC lawsuit that underlying Ripple has been wading through since December 2020, Ripple’s XRP has been pretty volatile. But, thanks to yet another big hit to the SEC by New York Magistrate Judge Sarah Netburn, Ripple’s outlook in the suit is looking brighter and brighter. Ripple (XRP) price predictions are hugely divergent from one another, as outlets begin to slowly ramp up their predictions ahead of a settlement
Today’s news is more of the same. Sarah Netburn is striking down a request by the SEC to look into Ripple’s legal communications. The main reason behind the rejection, which came in the form of a memo, is that such access would violate attorney-client privilege.
SOURCE: https://investorplace.com/2021/06/ripple-xrp-price-predictions-where-will-xrp-go-after-its-latest-lawsuit-victory/
#xrp #ripple #sec
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[disclosure]
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