Altcoins
Crypto News Digest by U.Today
Here are the top three news stories presented by U.Today.
Altcoin Crash Imminent, Warns “$1 Million for Bitcoin” Advocate Samson Mow
Samson Mow, CEO of Jan3 known for his bold “$1 million for Bitcoin” prediction, recently used the X platform to warn his followers about an imminent altcoin crash. In his message, Mow Underlines how the altcoin’s unsustainable gains contrast with Bitcoin’s strong performance, while also highlighting a notable difference in daily flows between Bitcoin ETFs and other cryptocurrencies. The CEO then added that altcoins do not receive the same level of large investment inflows as Bitcoin, making their gains precarious. Mow also drew attention to the astronomical market capitalization of altcoins such as Solana compared to companies such as MicroStrategy (MSTR), highlighting an imbalance in the market. Thus, the entrepreneur urges investors to remain cautious in the face of changing crypto market dynamics, recalling the risks associated with chasing astronomical gains in the altcoin space.
Ripple’s legal battle with the SEC prepares with new deadlines
According to a recent update provided by defense attorney James K. Filan, new deadlines Information about the solutions was secured amid the ongoing legal battle between Ripple and the SEC. The updated schedule indicates that the SEC’s opening brief is scheduled for March 22, Ripple’s opposition brief is due for April 22, and the SEC’s response brief is due for May 6. As a reminder, in February, Ripple requested a one-week extension. for the prior communication relating to appeals, move the deadline from February 12 to February 20; the extension was granted. Later, on February 27, Judge Analisa Torres received a letter of request from the SEC, represented by Jorge G. Tenreiro, requesting a further extension of the deadline to file a discovery brief relating to the appeals. The regulator requested a total extension of one week for the holding of such an information session. The SEC’s request for an extension of time was granted in early March.
Related
Craig Wright not Satoshi Nakamoto – UK court officially rules
As we learned yesterday, March 14, British judge James Mellor ruled that Craig Wright is not Satoshi Nakamoto or the creator of the Bitcoin white paper. The judge called the evidence presented during the month-long trial “overwhelming,” saying he planned to write a ruling outlining his findings, which would include that Wright was not the creator of the Bitcoin system. This follows a lawsuit filed by COPA (Crypto Open Patent Alliance) against Craig Wright, which began in 2021. In 2016, Australian computer scientist Wright proclaimed himself Satoshi. News of the judge’s ruling was also shared by Twitter co-founder and Bitcoin evangelist Jack Dorsey.