Ripple Updates: End of SEC Tussle; Shiba Inu & Dogecoin

user avatar

by Giorgi Kostiuk

2 years ago

The cryptocurrency market this week has seen significant developments for Ripple, Shiba Inu, and Dogecoin.

Ripple Ends Legal Battle with SEC

Ripple's chief legal officer Stuart Alderoty shared an update marking the end of the long-standing legal battle with the SEC. Ripple has agreed to withdraw its cross-appeal while the SEC will retain only $50 million of the initially imposed $125 million fine. In addition, the agency will request the court to lift the injunction preventing XRP token sales to institutional investors.

Shiba Inu's Bullish Signal

Shiba Inu has shown its first major bullish signal following a prolonged decline, breaking above the 26-day EMA at $0.00001337. This suggests a possible trend reversal. With the current RSI level at 50.75, there is potential for further improvement if it reaches the 55-60 range. At press time, SHIB is trading at $0.00001470, up 7.05% over the past 24 hours.

Dogecoin Reserve Launch

The official Dogecoin Reserve has gone live with an initial purchase of 10 million DOGE, valued at approximately $1.82 million. This initiative aims to increase liquidity and stability for Dogecoin, supporting its vision as a global decentralized currency for everyday transactions. DOGE is experiencing a market uptick, trading at $0.1958, up 2.34% from the previous day.

Cryptocurrencies continue to attract attention with their dynamic changes and strategic decisions, promising an intriguing development of events.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Zcash Investment Product Sees Significant Inflows

Demand for the Zcash investment product tracked under ticker ZCSH surged on October 21, marking a notable recovery after earlier withdrawals.

user avatarEmily Carter

BTCPay Server Documentation Guides Merchants on Payment Integration

BTCPay Server provides documentation for merchants on how to connect its payment system to WooCommerce, emphasizing the importance of maintaining all components.

user avatarTomas Novak

Colombian Crypto Broker Sentenced to 160 Months for Money Laundering

Colombian crypto broker Leonardo de Jesus Zuluaga Duque sentenced to 160 months for laundering $145 million in drug proceeds through cryptocurrency.

user avatarKaterina Papadopoulou

Birdeye Unveils Peak, a New Terminal for Institutional Crypto Research

Birdeye has launched Peak, a new terminal aimed at institutional crypto researchers, consolidating various data and analysis services into one professional workspace.

user avatarMaya Lundqvist

Google Implements New Advertising Policy for Crypto Providers in UAE

Google has announced new licensing and certification requirements for crypto exchanges and software wallet providers targeting customers in the United Arab Emirates.

user avatarLeo van der Veen

Meta's Board Approves New Class of Nonvoting Stock

Meta's board has approved the creation of Class C nonvoting shares to be distributed to existing Class A and Class B shareholders, effective January 19, 2027.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.