Ripple Rocks, Satoshi X Posts & 3 Top Cryptos! Weekly Crypto News | 4 Oct 2023

Ripple Scores Another Win as Judge Rejects SEC’s Appeal Attempt

In a significant development in the battle between Ripple and the Securities and Exchange Commission (SEC), Judge Annalisa Torres has rejected the SEC’s motion to appeal the Ripple ruling. This decision comes as another win for Ripple, the blockchain payment company, as it fights allegations of conducting an unregistered securities offering.

According to court documents, the SEC’s motion for leave to file an interlocutory appeal has been denied. Judge Torres emphasized that granting an interlocutory appeal could only prolong the litigation process, potentially leading to multiple rounds of appellate review. Instead, she emphasized the importance of advancing the case to a final judgment, which would allow for a single round of appellate review on a complete record.

The denial of the SEC’s motion for interlocutory appeal reinforces Ripple’s position and sets the stage for the trial, scheduled to begin on April 23, 2024.

XRP Soars as SEC Loses Motion to Appeal Ripple Ruling

Following the court’s ruling denying the SEC’s bid to appeal against an earlier decision in favor of Ripple, XRP’s price jumped by almost 10 percent. District Court Judge Annalisa Torres rejected the SEC’s attempt to appeal its loss against Ripple, causing XRP to decouple from the rest of the market and become the cryptocurrency asset with the most gains in the last 24 hours.

While XRP shed most of its gains in the hours that followed, this ruling is a significant victory for Ripple and further strengthens their position in the ongoing legal battle with the SEC.

Satoshi Nakamoto’s Mysterious Tweet Sparks Speculation

The enigma surrounding the identity of Satoshi Nakamoto, the anonymous inventor of Bitcoin, continues to captivate the tech world. Recently, a Twitter account claiming to be Satoshi Nakamoto posted a tweet, causing a stir among cryptocurrency enthusiasts. However, it is highly unlikely that the tweet came from the real Satoshi Nakamoto, and the identity of the person behind the account remains a mystery.

While the tweet gained worldwide attention, it is essential to approach such claims with skepticism. The true identity of Satoshi Nakamoto remains unknown, and any purported communication from them should be taken with caution.

The Best Performing Cryptocurrencies of 2023

In 2023, three cryptocurrencies from the top 100 by market cap have more than doubled in price year-to-date. The Maker Protocol has seen a 185% surge, Bitcoin Cash has surged by 143%, and Solana has gained 104%. While these cryptocurrencies may not be widely known or invested in, their impressive performance highlights the potential for significant gains in the crypto market.

Crypto Firms Suspending Services in the UK

Several crypto firms, including Luno, BuyBit, and PayPal, have recently withdrawn certain services from the UK. This move comes ahead of new promotion rules for crypto firms, which require clear risk labels and system changes to be implemented. Concerns have been raised that some overseas firms serving the UK may not be ready to comply with the new regulations.

If you are based in the UK and have been using these services, it is essential to be aware of the changes and consider alternative options that comply with the new rules.

Video-Based News

Videos can be a valuable resource for staying informed about the latest developments in the crypto market. Coin Bureau’s video on crypto market manipulation provides insights into this concerning issue, while Kitco News’ video explores the internal conflicts within the Biden White House regarding cryptocurrencies. Additionally, Crypto Wendy’s video covers various topics, including BlackRock Bitcoin ETFs and the approval of Ethereum futures.

Frequently Asked Questions

1. What was the outcome of the SEC’s appeal attempt in the Ripple case?

Judge Annalisa Torres rejected the SEC’s motion to appeal the Ripple ruling, reinforcing Ripple’s position in the ongoing legal battle.

2. How did XRP’s price react to the court’s ruling?

XRP’s price jumped by almost 10 percent following the court’s decision, making it the cryptocurrency asset with the most gains in the last 24 hours.

3. Who is the real Satoshi Nakamoto?

The true identity of Satoshi Nakamoto, the anonymous inventor of Bitcoin, remains unknown. Any claims or communication purporting to be from Satoshi Nakamoto should be approached with caution.

4. Which cryptocurrencies have performed the best in 2023?

The Maker Protocol, Bitcoin Cash, and Solana have all more than doubled in price year-to-date, showcasing their impressive performance in the crypto market.

5. Why are some crypto firms suspending services in the UK?

Certain crypto firms, including Luno, BuyBit, and PayPal, have withdrawn services in the UK due to new promotion rules that require clear risk labels and system changes. Some overseas firms may not be ready to comply with these regulations.

6. Where can I find more information on these topics?

The article provides links to the news resources for each piece of information discussed. Click on the provided links to access more detailed information on each topic.