What are the implications of the SEC lawsuit against Ripple for the crypto industry?

On January 18, 2021, crypto hedge fund Grayscale made its largest Bitcoin purchase in history.

If you look at the last seven days, you will notice that Tezos is mainly between $ 2,75 and $ 3.

Because the US supervisory authority SEC (Securities and Exchange Commission) is of the opinion that Ripple is a security and not a cryptocurrency, a lawsuit has now been filed with the responsible US court.

After the ether price marched towards 15 US dollars on January 1.300, many crypto fans were preparing for a new all-time high.

Bitcoin's volatility may be a deterrent, especially for private investors.

After Litecoin was above 180 US dollars, the correction was followed by a setback towards 120 US dollars - a setback of around 40 percent.

The recent crypto bull run has produced a loser: XRP.

Christine Lagarde, President of the European Central Bank, or ECB for short, wants to regulate Bitcoin.

In the last 30 days, IOTA was able to record an increase of 34 percent - in the last seven days of almost 20 percent.

It almost looks as if the ailing Bitcoin price will not have any negative effects on the Altcoins, as it did in 2017, but rather be a kind of engine.

Ripple, which has been in crisis mode for weeks, has to take another hit:

Bitcoin has become a very popular speculative object in the last few weeks.

After the corona virus terrified the world at the beginning of last year, people immediately looked at data protection-friendly methods in order to be able to better track the course of the pandemic.

Polkadot has always been the largest Proof of Stake (PoS) network. Last week, however, there was a change here for the first time:

The TopDeFi coin Yearn.finance (YFI for short) has been more on a collaboration course in recent months.

Now Brad Garlinghouse, the Ripple CEO, has spoken out.

Is it now really fast with the cryptocurrency Ether?

Analysts at US bank JP Morgan are convinced that Bitcoin could soon become as popular as gold.

It was a brilliant start to 2021. Even if Bitcoin and Ether stole the show from many other cryptocurrencies, there were still a few altcoins that were not as well publicized, but were able to post enormous profits.

In the past few weeks, there has only been one path for Litecoin - and that's up.

In addition to the development and provision of the digital currency IOTA, the foundation behind it with its philosophy may also have become a kind of alternative to Bitcoin and other crypto currencies, which can only be created in the course of the environmentally harmful mining process.

Is it now really fast with the cryptocurrency Ether?

The company behind the cryptocurrency XRP, Ripple, which learned at the end of 2020 that it was being sued by the US Securities and Exchange Commission (SEC), has now received a new lawsuit

According to YCharts data, fees charged on the Ethereum network have increased sharply - an average of $10,20/transaction.

Suddenly it was all happening! Bitcoin was still at 7 US dollars on January 9th at 30:36.500 a.m., followed by a bull run that catapulted the crypto currency to 40.180 US dollars (19:20 p.m.).

Wetzikon, 30 kilometers from the Swiss city of Zurich, is known on the one hand for the churches and on the other hand for the beautiful landscape, consisting of countless green pastures. Now there is another feature: In Wetzikon, a blockchain-based aid program has gone into operation, with which it will be possible to help smaller and medium-sized companies that have gotten into trouble due to the pandemic.

In addition to Ripple, will Chainlink now also be indicted by the SEC?

Again and again there were forecast models that saw a new bull run when overcoming the 34.750 US dollars. But somehow breaking through the resistance didn't lead to a renewed high - it kept going towards $33.000.

While bitcoin is over 30.000 US dollars and ether has already broken the 1.000 US dollar hurdle, the price of the cryptocurrency Litecoin is 150 US dollars. That means it's about 60 percent off the all-time high set in late 2017 at $360.

Even if everything seems to revolve around the cryptocurrency Bitcoin, there are other digital currencies that should not be lost sight of. Particularly noteworthy here is Ethereum or Ether (ETH).

It was a scary moment for many Bitcoin fans when the Bitcoin price suddenly fell from over USD 33.300 towards USD 28.000.

Tezos is a relatively young cryptocurrency - it was only founded in 2018.

It was a bumpy start to the new decade. Because again the "Internet of Things" (short: IoT) had problems with the coordinator.

Shortly before the turn of the year, Ether (ETH) shot above the 700 US dollar mark.

It seems like all obstacles have been removed. Bitcoin has risen steeply since jumping the US $ 20.000 mark - and even the US $ 30.000 mark has not impressed the cryptocurrency.

It was a bang: after the US Securities and Exchange Commission (SEC) announced that it was suing Ripple Labs, Inc., not only did the Ripple price plummet, but fear of further effects also increased - but so far no other cryptocurrency has reacted to the SEC decision.

In retrospect, one can very well say it was the year of Bitcoin.

Mike Novogratz, a former hedge fund manager, is convinced that Bitcoin's soaring will continue in 2021.

Not good Ripple News: As it has now been announced, Coinbase will suspend trading in the cryptocurrency from January 19, 2021.

Daily all-time highs are now attracting more and more large investors. Now it's heading towards $30.000 - and beyond?

The United States has officially announced that cryptocurrencies are to be considered an asset and not a currency. However, not all countries agree on this. Some countries equate them to paper money, others compare digital currencies more closely to physical assets. However, there is no disputing that cryptocurrencies have a real value, but why? 

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