The first edition of Crypto Briefing’s wNews column will unpack the XRP army’s contrarian bet, Bitcoin’s historical increase to $40,000, and why institutional investors may soon be relying on Ethereum.
Plus, Crypto Briefing reporter Chris Williams has hand-picked some DeFi protocols reported to release an airdrop.
All that and more below.
XRP as a Contrarian Bet
Ripple has been under continued fire given that the Securities and Exchange Commission (SEC) lanced a scathing suit against the company last month. Ever since, XRP, the digital possession on the XRP Ledger, a technology produced by Ripple, has actually plummeted.
Defining the exact relationship between Ripple and the XRP Ledger two has ended up being even more essential since late too. That’s since the SEC is taking legal action against Ripple for offering $1.38 billion in XRP, which the Commission has specified as an unregistered security. Much of it comes down to semantics and legal lingo and will be hashed out in court over the weeks to come.
Still, the marketplace has actually clearly spoken.