Mashinsky's Arrest, Ripple Ruling, Etc.

I was on vacation for the last week-and-a-half but before I left, I sent a list of things to watch for to my colleagues that in hindsight, was wholly inadequate. Anyway, here's my effort to catch up.

Timeline of Ethereum-classic, Xrp

Ripple CEO Brad Garlinghouse has called out the U.S. Securities Exchange Commission (SEC) for its regulatory overreach over crypto, arguing that it is hurting retail investors and small enterprises.

Popular cryptocurrency personality and Treasury Management professional Shannon Thorp has recently voiced her opinion on the various $XRP price predictions that have been made over time, arguing the cryptocurrency's current affordability may be fleeting, due to a potential surge in value as it gains acceptance among institutional investors.

Following a long-term interest in Web3, Ducati partnered with payment company Ripple and is set to launch its first non-fungible token (NFT) collection on the XRP Ledger this week. This step is the motorcycle company's first venture into the Web3 space and blockchain technology.

On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities and Exchange Commission (SEC) against the payment settlement system and currency exchange, Ripple Labs, Inc. (Ripple).

U.S. Representatives Dusty Johnson and French Hill have published an op-ed in The Hill, proposing fresh digital asset legislation. In their piece, published by The Hill, they criticize Securities and Exchange Commission (SEC) Chairman Gary Gensler's stance that nearly all digital assets, except Bitcoin, are securities.

Ripple faced strong rejection when attempting to breach the significant resistance region at $0.55. Currently, it's challenging to identify Ripple's direction due to the choppy price action.

XRP, which had made notable strides following its legal victory over the U.S. Securities and Exchange Commission (SEC), is now seeing a significant loss in momentum. The decision that XRP is not a security resulted in a surge in its price, largely driven by retail investors who were enthused by the positive court ruling.

Ducati, a renowned Italian automobile manufacturer, has waded into the Web3.0 ecosystem with its Non-Fungible Tokens (NFTs) set to launch on the XRP Ledger (XRPL). The Ducati and Ripple Partnership As announced by Ducati, it will be leveraging the powers of Ripple's XRPL technology to deploy some of the projects it is currently incubating.

​​Ducati has revealed plans for an innovative digital collectible program in collaboration with the XRP Ledger, heralding their entry into the world of Web3. The esteemed motorcycle manufacturer aims to offer enthusiasts a fresh perspective on its history, present and future through this cutting-edge initiative.

Ripple's sales in 2023 have caused mixed feelings for members of the Ripple community, with many considering it bullish for the network while others see it as detrimental to XRP's price action. What Has Happened With Ripple's Sales?