Ripple Price XRP Rallies 5 While BTC And ETH Decline

Ripple Price (XRP) Rallies 5% While BTC And ETH Decline

Ripple price is gaining bullish momentum above the $0.2600 resistance area against the US dollar.

The price is up around 5% and it recently broke the $0.2650 resistance area.

There is a connecting bullish trend line forming with support near $0.2550 on the hourly chart of the XRP/USD pair (data source from Kraken).

The price remains supported on dips and it could continue to rise towards the $0.2720 resistance.

Ripple price is rallying towards $0.2720 against the US Dollar, while bitcoin and Ethereum are sliding. XRP price might continue to rise towards $0.2720 or $0.2750.

Ripple Price Analysis

This past week, ripple price made many attempts to surpass the $0.2620 and $0.2650 resistance levels against the US Dollar. However, the XRP/USD pair failed to climb above $0.2650 and traded in a range. Finally, the bulls had an upper hand and the price rallied recently after forming a base near $0.2550. There was a sharp rise above the $0.2600 resistance and the 100 hourly simple moving average.

Moreover, the price broke the $0.2620 and $0.2650 resistance levels. It opened the doors for more gains and the price traded towards the $0.2700 level. A high was formed near $0.2691 and the price is currently retreating from highs. An immediate support is near the $0.2650 level. It coincides with the 23.6% Fib retracement level of the recent rally from the $0.2514 low to $0.2691 high.

On the downside, there are many supports near the $0.2620 and $0.2600 levels. Additionally, the 50% Fib retracement level of the recent rally from the $0.2514 low to $0.2691 high is near $0.2600. More importantly, there is a connecting bullish trend line forming with support near $0.2550 on the hourly chart of the XRP/USD pair. Therefore, dips from the current levels might find bids near $0.2620 or $0.2600.

The main support is near the $0.2550 level (the previous support base). On the upside, an immediate resistance is near the $0.2700 level. If there is an upside break above $0.2700, the price could test $0.2720 or even $0.2750 in the near term.

Ripple Price Analysis XRP USD

Looking at the chart, ripple price is clearly surging with a positive bias above $0.2620. There are high chances of it extending gains above the $0.2700 and $0.2720 resistance levels in the coming sessions. Conversely, if there is a downside correction, the bulls might protect the $0.2650 and $0.2620 levels (the previous resistance levels).

Technical Indicators

Hourly MACD – The MACD for XRP/USD is currently gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well above the 60 level, with bullish signs.

Major Support Levels – $0.2650, $0.2620 and $0.2550.

Major Resistance Levels – $0.2700, $0.2720 and $0.2750.

Aayush Jindal

David https://markethive.com/david-ogden

Ethereum ETH’s Next Big Move Is Just Around The Corner

Ethereum (ETH)’s Next Big Move Is Just Around The Corner

Ethereum (ETH) is finally close to its next big move that we have been waiting to come to fruition for weeks.

The symmetrical triangle on the 4H chart will now either see a sharp breakout to the upside or to the downside. Considering that the cryptocurrency market is still due for another downtrend and the condition of the Stochastic RSI and RSI for ETH/USD on the 4H chart, I’m inclined to believe that we are very likely to break to the downside. The price remains below the 38.2% fib retracement level despite numerous attempts to break out. As long as that is the case, I have no reason to be bullish on Ethereum (ETH) or any other cryptocurrencies.

Many traders are waiting for a trend reversal at this point but I think it might turn out of be very risky as we do not know where the floor is. If the price starts to decline from here, I would not be surprised to see it crash below even $155 during the next downtrend. I am open to the possibility of the price breaking the symmetrical triangle to the upside but I would consider that to be a fake out and an opportunity to add to short positions. In any case, I would be very surprised to see the price closing above the 61.8% fib retracement level on the daily time frame. In my opinion, we are close to seeing the current move coming to fruition with the price completing a big move to the downside. This next move is what is very likely to turn the sentiment bearish once again and I think that would be a point to expect a short term trend reversal.

The daily chart for Ethereum dominance (ETH.D) is an even better indicator of what is likely to follow in the near future. If the rising wedge breaks to the downside as I expect it to, then we have a very high probability of the altcoin market experiencing some serious pain. RSI on the daily chart for Ethereum dominance points to a similar outcome. We are now very close to seeing a breakout in ETH/USD but if we link this chart with the ETH/USD chart, we get the complete picture and that is the strong probability of the beginning of a new downtrend from here.

Ethereum (ETH) and other cryptocurrencies are long way from breaking out of the current bear market just yet. In my opinion, we are in the second half of the ongoing bear market and there is no reason to be bullish on Ethereum (ETH) or other altcoins as long as the market has not made the inevitable moves to the downside. Everyone is looking to buy the dip but most of you who have been around since 2014 or before would know that this is now what it feels like when the market bottoms. No one wants to buy the dip thinking it is the end and that is when the next cycle actually begins.

Article Produced By
Jefe Caan

I work as the key Trading Analyst for Crypto Daily and provide the team with regular analyses and updates regarding the technical performance of all cryptocurrencies on the market. I am responsible for the production of articles and posts for Crypto Daily’s own technical analysis section and spend my time monitoring and commenting on the varied moves the markets make on a daily basis.

https://cryptodaily.co.uk/2019/10/ethereum-next-big-move-is-just-around-the-corner

David https://markethive.com/david-ogden

See How Apple Are Utilising The Blockchain

Apple Inc are best known for their flagship iMac and iPhone products,

though historically, of course, it all really started (in the mainstream at least) with the launch of the iPod. Apple Inc is a US-based multinational company that specialises in the design and development of various hardware and software products and are often considered as Microsoft's only true rival in terms of tech dominance. With an estimated revenue of $265.595 billion in 2018, it’s clear to see that Apple are frankly huge. It’s also clear that such a large tech firm will wish to explore blockchain technology sooner, rather than later. No, Apple aren’t launching their own Applecoin or iCoin just yet, however, according to reports out during the middle of last week, Apple Inc have confirmed that they will be using blockchain technology to explore new methods of manufacture that aim to make Apple’s hardware products far more environmentally friendly.

According to CCN:

“When you think of Apple, you think iPhone, iPad, or even privacy concerns. You probably don’t think conflict minerals used in the manufacturing of its devices or how blockchain could prove the cure for an ethical supply chain. Well, you should. The tech giant has filed a report with the U.S. Securities and Exchange Commission indicating it is studying ways to implement Blockchain in some form or fashion.”

Now, within their filing Apple have not actually said they will be using blockchain technology, rather they simply hint at the fact that they could use the blockchain in order to find solutions designed to make their sourcing of natural minerals and products more ethical.

This comes after Apple pledged to work in a more efficient manner back in 2018:

“In 2018, Apple chaired the board of the Responsible Business Alliance, served on the Steering Committee of the RMI, continued its participation in the European Partnership for Responsible Minerals, and served on the Governance Committee of the Public-Private Alliance for Responsible Minerals Trade. Apple also contributed to several RMI working groups, including, but not limited to, the working groups for tin, gold, and other minerals; the smelter engagement team; the Blockchain team; and the minerals reporting template team.”

Blockchain technology can seriously transform the way companies like Apple source the products that they need to make intricate pieces of hardware that go into the iPhone and the iMac. Audit trails, database maintenance and of course, product authentication can all benefit from blockchain integration, perhaps Apple have finally realised that?

Article Produced By
Adrian Barkley

Adrian has been leading teams in the finance sector for over a decade. He is highly experienced, and is responsible for ensuring that the latest news is delivered to you as it is breaking. He has a keen interest in virtual currencies, and has even made investments himself, so is incredibly passionate when it comes to writing about this topic.

https://cryptodaily.co.uk/2019/02/see-how-apple-utilising-blockchain

David https://markethive.com/david-ogden

Malware Costing Just 160 Attempts Crypto Theft from 72000 Devices

Malware Costing Just $160 Attempts Crypto Theft from 72,000 Devices

Researchers believe a malware botnet that costs just $160 has interacted with potentially 2,000 machines per week

in attempts at stealing crypto wallets and personal information. Prevailion, the U.S.-based cybersecurity management provider, posted an article on its blog detailing how MasterMana Botnet has likely been active since December 2018 and was still active as late as September 24. With the potential to hit 2,000 machines a week, the botnet may, therefore have interacted with more than 72,000 devices this year.

Cyber Bingo Full House

Authors Danny Adamitis and Matt Thompson described MasterMana Botnet as an "ongoing cyber-crime campaign that hits all of the cyber bingo buzzwords: business email compromise, backdoors, and cryptocurrency wallets". Once victims opened the phishing email it would reveal an infected document attachment. Opening this document would then release the bot designed to steal usernames, passwords, cookies, web history and cryptocurrency wallets. The authors underlined the irony of such a threat: malware that costs just $100, and launched over a $60 virtual private server (VPS) was sophisticated enough to avoid detection from security systems that are becoming ever-more expensive.

They added:

While most companies fear they may become compromised by advanced actors, this particular report highlights that actors do not have to rely on advanced tools or techniques to have a serious business impact.

Article Produced By
Neil Dennis

Neil is a veteran financial journalist, but a relative newcomer to the land of cryptocurrencies and blockchain and brings a critical, yet fascinated, eye to the digital asset market.

https://www.cryptoglobe.com/latest/2019/10/malware-costing-just-160-attempts-crypto-theft-from-72000-devices/

David https://markethive.com/david-ogden

Hacker Who Grabbed Top-Level Ethereum Domains Voluntarily Returns Them

The hacker who managed to exploit an auction by the Ethereum Naming Service (ENS)

to grab top-level domains has voluntarily returned the domains he took. Since September 1 digital collectibles marketplace OpenSea has been having an Ethereum domain auction, where “.eth” domains are being auctioned to the highest bidder. These domains, unlike those working on the standard DNS domain, can’t be forcibly retrieved once allocated, as they’re on the Ethereum blockchain. Using an exploit in the auction software distributing the ENS domains to participants, the hacker managed to get a hold of top-level domains like “apple.eth”, “defi.eth,” and “wallet.eth” without being the highest bidder. Overall, the user took 17 domains.

OpenSea wrote in a blog post:

One user discovered an input validation vulnerability that allowed them to place bids on a name that actually issued a different name.

The auction suffered from other issues, as domains like “bitmex.eth” and “hodls.eth” had bids incorrectly processed. These weren’t, however, affected by the exploit. The affected domains were initially blacklisted by OpenSea, although the marketplace asked the hacker to return the domains so they can be re-auctioned. In return, it offered the hacker a reward of 25% of the final auction price, as well as the original bid. The offer seems to have worked as on Twitter, OpenSea revealed the domains were voluntarily returned.

Article Produced By
Francisco Memoria

Francisco is a cryptocurrency writer who's in love with technology and focuses on helping people see the value digital currencies have. His work has been published in numerous reputable industry publications. Francisco holds various cryptocurrencies

https://www.cryptoglobe.com/latest/2019/10/hacker-who-grabbed-top-level-ethereum-domains-voluntarily-returns-them/

David https://markethive.com/david-ogden

World’s Largest Furniture Retailer Uses Programmable Cash on Ethereum to Settle Invoice

Retail giant IKEA has settled an invoice with a local retailer using an Ethereum-based token.

Supply chain payments platform Tradeshift transferred a digital version of the Icelandic króna that was created on Ethereum by fintech company Monerium. Ethereum, an open source, public blockchain, allows developers to create a number of financial tools to power the digital economy while stripping away middlemen. Through the use of smart contracts, which are executed once agreed upon terms are met on both sides of a deal, trust is established without the need for third-party intermediaries. Smart contracts effectively reduce burdensome paperwork and eliminate redundant verification procedures.

Stefán Árnason, chief financial officer of IKEA Iceland, says the platform, which connects the money and payments flow to the invoicing to the actual inventory, squashing “double dip financing fraud”, will alter business relationships. “A programmable financial supply chain, where trading partners can connect information flows to money flows through smart contracts, will transform how suppliers and customers interact.”

Gert Sylvest, co-founder of Tradeshift, says “smart invoices” allow merchants to represent future cash flow down to each dollar on the invoice. Payments can be programmed to settle on the actual due date, raising the bar on other services such as short-term credit to small and large companies that can be delivered automatically.

The Ethereum-based e-money differs from cryptocurrencies in that it represents fiat currency.

Says Sveinn Valfells, co-founder and CEO of Monerium, “Unlike cryptocurrency which is volatile, e-money is a proven digital alternative to cash, regulated and redeemable on demand. Using programmable e-money in smart contracts heralds a new category of payments.” The e-money movement is in line with IKEA’s efforts to streamline and conserve. The retail giant, founded in 1943, is responding to a changing world and the impact of e-commerce giant Amazon by taking a number of steps to modernize its business practices, reduce emissions and simplify manual procedures.

Article Produced By
The Daily Hodl Staff

https://dailyhodl.com/2019/10/03/worlds-largest-furniture-retailer-uses-programmable-cash-on-ethereum-to-settle-invoice/

David https://markethive.com/david-ogden

Why is Markethive success so highly likely it is almost a guarantee?

Why is Markethive success highly likely?

Simply because there are four key criteria that determine success in business.

These are criteria that successful venture capitalists use to determine whether or not they will invest in a company.

1) The company must have a product that people like and even love.

It is abundantly clear from any visit to the Markethive newsfeed that Markethive users love Markethive. What else is there to be said here.?

2) The Company Must Solve a Real Problem that Large Numbers of People Share.

There are literally millions of people who are thinking about becoming an entrepreneur or small business owner, either full or part-time. Markethive uniquely serves the interests of this large and growing community in a multitude of ways.

3) The Company Must Have Experienced Leadership

The Markethive Leadership has quite literally a lifetime of experience in business, marketing, tech and customer support. I have never seen such an experienced team in charge of a company that still technically in beta. Not to mention that Markethive is already profitable, and poised for explosive growth.

4) The Company Must Have an Advantage Over the Competition

Hands down Markekhive is a multi-faceted network like no other. It bears similarities to other social network and lead generation systems, but has so many features and benefits it stands head and shoulders over the competition. It actually has a completely unique combination of features of many different types of social networks and cryptocurrency models.

Join Markethive with your submission of the simple email address and cell phone verification. This could be the best zero-cost investment you will ever make.

Click on this link to access your FREE Markethive system with a FREE Airdrop of 500 Markethive coins.

https://markethive.com/jonlomb/page/jonlomb

David https://markethive.com/david-ogden

10 things that will make you a better entrepreneur

10 Things That Will Help You Become a Better Entrepreneur

We all want to become more engaged, more productive, and more successful in our endeavors, but what are the ingredients that will propel us to the results we want to achieve? Follow these tips to achieve your dreams in whatever endeavor you choose.

1. Find your passion – Find something that you really love to do, and make it your mission as well as your business.

Ideally, it should be something that you have found a talent for, but it may be something that because of your drive, will allow you to develop that talent. If you love what you do, you will not give up on it, even when others might get stressed-out or tired of it. You will always have fuel in your tank for something that inspires you. This has also been called finding your "why".

2. Get gritty and persevere

There will always be obstacles and difficulties in your way. If it were easy, then everyone would be doing it, right? Determine that you will not give up and have the guts to work through problems until you find the solution. You will be among the top 5% and completely separate yourself from the pack in your field if you have this kind of persistence

3. Think and pray deeply about major decisions and trust yourself to make the right choices.

Pray first before you make any important decision. Even if you don't consider yourself to be a religious person prayer can mean the difference between success and failure. Trust me on this. Whether or not you believe in God, you have literally hundreds and even thousands of ancestors in the spiritual world that are aware of your life on earth, because your life is connected to theirs. They are concerned about your happiness and your success. Most of all they want you to become a good and righteous person, but that doesn't mean they are unconcerned about your financial well-being. They care about everything in your life.

Like most people living on earth, you may never have thought of this before, but it is a spiritual reality and a fact of our existence here on earth and the afterlife. In Japan, at baseball games, the spectators bring pictures of their ancestors to assist in their prayers for their favorite team to win. It seems a little "nuts" to us in the West, and indeed it may be an example of something trivial, but your ancestors have been watching you since your birth. They have seen your actions and they understand your way of thinking. They know you almost as well as you know yourself. They are uniquely qualified to give you advice if you pray to God and ask for help from them, as well as from God. This may be the most important piece of advice I have to give in this post.

4. Overcome the fear of failure.

This can stop entrepreneurs dead in their tracks. Calculate risk carefully, but don't be afraid of taking risks. Sometimes the greatest reward comes from taking big risks. Just don't take foolish risks. Consult with friends, but don't be discouraged if they do not support you. If they are not successful entrepreneurs themselves they probably will not see the world the way you do.

5. Set concrete goals and work hard to achieve them.

I think most entrepreneurs do not set goals, and just try to deal with the day-to-day. Of course, it is important to adjust goals from time to time, but without short-term and long term goal, you are kind of adrift to whatever circumstance deals you. It is much better to set concrete achievable goals.

6. Invest substantial time and effort

Don't dream about a lifestyle of working 4 hours and sitting on a beach somewhere sipping Margheritas. This is a myth. No one who is really successful really lives like that. Living like that will make you lazy and self-satisfied. It is just a ploy to trick you into thinking that a product will make you easy money. Any successful entrepreneur has put in the time and the hard work it takes be successful.

7. Listen to your customers.

It is important to ask your customers if they are satisfied with your product or service. It is important to get a good read of how you are doing in meeting their needs. They may even suggest modifications or additional products or services that you might offer.

8. Promote – Learn the most cost-effective and efficient time-saving methods of promotion.

Don't get stuck in any outmoded promotion method that is not effective. This is a continuous path of learning and adjusting. What works well today, will probably not work a few years from now. Always be open to learning new methods and techniques from more experienced and more successful entrepreneurs.

9. Ask for advice and Network

You can network with anyone, anytime, under any circumstance. Don't get stuck in isolation in your life where you never reach out to anyone you don't know. Ask other successful entrepreneurs what they have found to be the keys to their success. You can learn incredibly valuable information in this way.

10. Pay it forward by helping others to achieve.

This is very important. Remember the Indian folktale that speaks about the restaurant in the village which was the only place where people were allowed to eat. There was no menu there. You just sat down and were served whatever food you deserved. Good people were served good food, but bad people could only eat bad food., and there was nowhere else to eat.

Not only will you be helping others, but you will actually learn to identify attitudes and actions in others that are counter-productive to success. By teaching, you also reinforce what you have learned.

Best success in all of your endeavors.

John Lombaerde

https://markethive.com/jonlomb/page/ standard

David https://markethive.com/david-ogden

Brooklyn Nets Point Guard Looks To Break New Ground In NBA With Tokenized Contract

Have you ever wanted to invest in an NBA player's future? It might be possible in the upcoming season.

Spencer Dinwiddie, a Brooklyn Nets point guard, is planning to securitize his NBA contract in the form of a digital token asset tied to his three-year, $34 million contract extension. The decision would allow Dinwiddie to raise money upfront, as opposed to waiting three years to be paid out in full, and investors would be paid principal plus interest over the course of the deal.

The Deal

Dinwiddie is planning to start his own company to sell the offering and make investments upon fundraising, according to Fox Business. “This is a newer concept utilizing the power of blockchain and crypto and bypassing a third-party intermediary. We will see how it goes and if it’s successful — and whether the league has an opinion on [whether] this is something that should be allowed under the current collective bargaining agreement,” sports attorney Darren Heitner told Benzinga.

Little else is known about the extent of the offer as well as what Dinwiddie plans to do with the money he raises. The move is certainly not without risk, and Heitner recommends potential investors do proper due diligence before investing. “To an extent I believe he is breaking new ground, and I hope he is resting on the advice of his advisors, but I certainly wouldn't advise this route to any of my clients.” Dinwiddie is certainly not without competition on the court either, after his team signed point guards Kyrie Irving and rookie phenom Jaylen Hands in the offseason.

Article Produced By
Brett Hershman

Benzinga Staff Writer

https://www.benzinga.com/markets/cryptocurrency/19/09/14453379/brooklyn-nets-point-guard-looks-to-break-new-ground-in-nba-with-tokenized-contract

David https://markethive.com/david-ogden

Ripple Avoids Securities Question in Motion to Dismiss XRP Lawsuit

Ripple has filed a motion to dismiss a lawsuit claiming it violated U.S. securities laws

by selling XRP. In a new filing posted early Friday, attorneys for Ripple pushed back on allegations made by XRP purchasers suing the company, its subsidiaries and executives. Notably, the motion to dismiss specifically claims that the plaintiff, Bradley Sostack, does not have standing to file a complaint, rather than address claims that XRP is a security.

In the motion to dismiss, Ripple states that the plaintiff failed to bring a case within three years of the initial offering (which would have been 2013), meaning the statute of repose expired; that the plaintiff did not “plausibly allege” that he purchased XRP during the initial offering; and that the plaintiff did not “plausibly allege” that any of the defendants actually sold the XRP that he bought. Notably absent from the motion to dismiss is a full-fledged argument over why XRP is not a security. Indeed, the filing only addresses the question in a footnote (footnote 19), which states that XRP is not a security “because it is not an ‘investment contract.'”

The filing goes on to say:

“Purchasing XRP is not an ‘investment’ in Ripple; there is no common enterprise between Ripple and XRP purchasers; there was no promise that Ripple would help generate profits for XRP holders; and the XRP Ledger is decentralized.”

The footnote also adds that “because XRP is a currency,” it cannot also be a security under law. The filing states that the court itself does not need to determine “whether XRP is a security or currency for purposes of this motion, which assumes Plaintiff’s allegation that XRP is a security.” The filing also states that “the federal Departments of Treasury and Justice publicly concluded that XRP is a ‘convertible virtual currency,'” in its “factual background” section. “This is consistent with the CFTC’s position that virtual currency is a commodity,” the filing states. “Nonetheless, Plaintiff alleges that XRP is a ‘security’ under federal and state law, … and that Defendants have offered and sold XRP despite its non-registration with securities authorities.”

Moving to dismiss

Ripple’s actual arguments focus on when the most recent case has been filed, with the first hinging around the fact that XRP entered the market in 2013.

The filing states:

“… under Plaintiff’s own allegations, Defendants offered XRP to the public throughout 2013 through 2015. Accordingly, the three-year statute of repose expired as of 2016 (three years after the sales cited in the May 2015 settlement) and in no case later than May 2018 (three years after the May 2015 settlement agreement in which ‘Defendants acknowledged that they had sold XRP to the general public,’ Complaint ¶ 25). The Securities Act claims in the Complaint, filed August 5, 2019, are therefore untimely and barred by the statute of repose.”

The filing adds that the plaintiff does not claim he bought XRP directly from Ripple or another defendant, but rather, “he was part of the ‘general public’ who purchased XRP through transactions in a two-week period in January 2018.” “The necessary inference is that he bought and sold XRP through a secondary trading exchange,” the filing says. The response also states that plaintiff’s consumer protection claims under California state law (rather than federal securities law) should be dismissed because the statutes require a securities claim. As a result, the response says, the complaint should be dismissed with prejudice

(meaning plaintiffs would not be able to re-file the suit).

“Leave to amend should be denied because amendment would be futile.”

Year-long case

Ripple’s filing comes a month and a half after the plaintiffs filed an amended complaint, alleging the company, affiliated entities and individuals violated both state and federal securities laws. The new complaint, filed by law firms Susman Godfrey and Tayler-Copeland Law, alleges that Ripple, its subsidiary XRP II, Ripple CEO Brad Garlinghouse and others violated securities law by selling XRP. In a first, the complaint borrowed from the U.S. Securities and Exchange Commission’s digital assets framework, drawing parallels between the SEC’s analysis for what constitutes a security and Ripple’s alleged actions. The case itself stretches back to early 2018, when XRP purchasers first began filing lawsuits against Ripple. The complaints alleged that Ripple sold XRP, using the proceeds to fund its operations. The cases were consolidated into the current form.

While the class has not been certified yet, Thursday’s filing is still the first time Ripple has had to respond to the substance of the complaints against it. At the heart of the matter is the question of whether XRP is a security. Some of Ripple’s detractors claim it is, one that is issued and managed by Ripple. The startup disagrees, saying XRP is a token created by Jed McCaleb (now at Interstellar), Arthur Britto and David Schwartz. It remains to be seen whether the case proceeds to a jury trial, or if settlement talks occur first. However, the filing notes that there is a hearing scheduled for early next year, and the attorneys say they are willing to argue the motion then.

Legal team shake up

Friday’s filing comes just days after Ripple brought Damien Marshall and Kathleen Hartnett, two lawyers with Boies Schiller Flexner LLP, on board to work on the case (a judge approved their appearance for the case on Sept. 17). They join Skadden Arps attorneys Peter Morrison, John Neukom and Virgina Milstead, who have been listed on the docket but whose names did not appear on the filing Friday morning. On Thursday night, former SEC Division of Enforcement director Andrew Ceresney also applied to join the case as a lawyer for Ripple. Ceresney is currently an attorney with Debevoise & Plimpton, an international law firm based in New York, and his name appeared on Friday’s filing. He previously represented Ripple against one of the previous class action lawsuits, filed by plaintiff Ryan Coffey, alongside former SEC Chair Mary Jo White. That case was voluntarily dismissed, and White’s work for Ripple appears to have ended around that time.

Article Produced By
Nikhilesh De

Nik is a business reporter at CoinDesk with a focus on regulators, lawmakers and institutions. He was previously a news, science, technology and community reporter and editor with The Daily Targum. His work has been featured in The Nation and referenced by The Washington Post, ZDNet, Gizmodo, NJ Advance Media and The Philadelphia Inquirer. He owns less than $20 in BTC and has no other crypto holdings.

https://www.coindesk.com/ripple-avoids-securities-question-in-motion-to-dismiss-xrp-lawsuit

David https://markethive.com/david-ogden