SBI CEO: Ripple will be made public after a lawsuit in the SEC!

SBI CEO: Ripple will be made public after a lawsuit in the SEC!

Yoshitaka Kitao, CEO of SBI Finance Group in Japan, said in a call for revenue that Ripple would be made public, adding that Chris Larsen, one of the founders, wants the company to move in that direction. Slow:

Following the current petition, Ripple will be made public. Chris wants to do that.

Ripple CEO Brad Garlinghaus claimed that his company could lead the IPO in Davos in January 2020.

In the next 12 months, you will see an IPO in the crypto / blockchain space. We will not be the first and we will not be the last, but I expect to be on the leading side. This is a natural evolution for our company. ”

But these plans seem to have been abandoned. While shares of the Coinbase cryptocurrency exchange continue to be traded on the Nasdaq, Ripple is currently embroiled in an unpleasant legal battle with the SEC.

SBI Group, Ripple's largest foreign shareholder, has long been a strong supporter of XRP, which has been touted as an cryptographic asset in Japan. Shareholders can receive dividends for the second year in a row, as reported by U.Today.

In December, Kitao said that Ripple's legal problems in the United States would not have a major impact on its global trade.

Exploratory wars

Ripple, meanwhile, insists the SEC must provide its internal communications in a letter to Judge Sarah Netburn.

The issue will be discussed at another conference call on April 30.

An overview of the cryptocurrency market Monday, April 26

An overview of the cryptocurrency market Monday, April 26

$ 6,000 price increase for Bitcoin in a matter of hours

The past few days have not been good days for the market's first cryptocurrency. Bitcoin fell from over $ 55,000 to about $ 47,500 in a matter of hours on Friday.

Despite the slight improvement in the price of this currency over the weekend, Bitcoin failed to fully offset the losses. The latest price rejection has pushed the cryptocurrency down again. As a result, BTC fell more than $ 3,000 to $ 47,000. This is the lowest price level since early March.

At this point, however, the cows took control and pushed bitcoin to higher levels. Eventually, within a few hours, the asset rose above $ 50,000 to about $ 53,000.

With this dramatic increase, the market value of BTC again approached the $ 1 trillion mark. However, the currency still dominates the cryptocurrency market by about 50%, the lowest level in 33 months.

Ascent of Altcoins

Over the past week, alternative coins have gone through the same difficult days as bitcoins. However, since yesterday, with a slight price pump, these altcoins have started to improve. Ether (ETH) fell below $ 2,300 yesterday, but rose double-digit to $ 2,500 again.

Bainance Quinn, which fell below $ 500, has risen more than 12 percent in the past 24 hours and is currently around $ 550.

Ripple (11%), Cardano (9%), Polkadot (12%), Uniswap (20%), Litecoin (8%) and Chainlink (11%) are also green. The Dodge Quinn is the only exception to the bullish market today. This currency has been accompanied by a slight decrease and has reached about 0.26.

Polygon (33%), Voyager Token (27%), Theta Fuel (26%), PancakeSwap (25%), UMA (24%), Phantom (23%), THETA (22%), Aave (21%), Dent (20%), Horizen (20%) and Arweave (20%) are other bullish altcoins on the market.

The value of the cryptocurrency market has increased by more than $ 200 billion since yesterday, but it is still about $ 30 billion away from the $ 2 trillion mark.

USDJPY Thursday, February 11

USDJPY Thursday, February 11

The technical outlook for the USDJPY has not changed and the short-term trend of the US dollar against the Japanese yen is neutral. From the sellers' point of view, the definite failure of the support of 104.39 indicates the end of the corrective movement starting from 102.58 at 105.76. In this case, the short-term trend of USDJPY will be down to the support of 103.31. However, if the pair moves above 105.76, it could push the market to a 38.2% Fibonacci retracement at 106.06.