jungleinc

VanEck fund manager Matthew Sigel predicts that Ripple will lose v the SEC. He states the results from the LBRY case sets a bad precedent that will be tough to overcome. A loss by Ripple would be bad for the whole crypto space. David Schwartz, architect of the XRPL ecosystem, has released his first NFT collection. The first set of NFTs released will be issued on the Ethereum blockchain and sold on opensea. The current floor is set at .25 Eth. He has plans to release the remaining NFT art on XRPL. Some investors are complaining that David would use Eth. Today was the deadline for the SEC to file its motion in the LBRY case. Library Inc has offered to dissolve their company and donate or burn any remaining coins. They have been unable to come to an acceptable resolution and now we need the judge to step in and assist the parties wrap up this process. #ripple #xrp #jungleinc

Crypto News Daily: Kevin O'Leary blames CZ and Binance for the fall of FTX. The shark tank star continues to ignore the fact that fraud and other illegal activity caused investor losses. Bitcoin is expected to reach a $10K and $12K price level Q1 of 2023 according to NY money manager VanEck. A waive of bitcoin miner bankruptcies are expected to pressure the price of BTC. SBF requested not to be extradited, but that was before bail was denied and he was sent to a rat infested prison cell. He currently faces 115 years for the collapse of FTX which reduced a 30 million dollar business to nothing and lost investors more than 10 billion. US Senators Warren and Marshall introduce digital asset anti money laundering bill. Troubling language and requirements for crypto wallets and miners cause concern for crypto. The Federal Reserve raises rates 50 basis points, but their hawkish outlook for 2023 is what troubles markets. #ftx #binance #bitcoin