Pro-XRP Lawyer Predicts Coinbase Will Not Relist XRP Amid Ongoing Legal Battle with SEC

 

Hey folks, it’s time for your daily dose of crypto news! Today, the global crypto market cap is standing strong at $1.20 trillion. Looks like Bitcoin (BTC) is still on the rise, crossing the $29,000 mark after the US Federal Reserve’s interest rate hike. And Ethereum (ETH) is also making some waves, climbing above $1,900.

But that’s not all — altcoins like Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) are all enjoying a green day, with gains across the board. And speaking of gains, WOO Network (WOO) is the biggest winner of the day, with a whopping 10% gain in just 24 hours.

Overall, the global crypto market cap has seen a 1.51% increase in the past 24 hours, which is definitely good news for all the crypto enthusiasts out there. Keep an eye out for more updates from us here at Coinpedia!

Latest News

Breaking: Pro-XRP Lawyer’s Bold Prediction — Coinbase Will Not Relist XRP!

• Pro-XRP lawyer, Bill Morgan, predicts that Coinbase will not relist XRP on its cryptocurrency exchange, despite speculation following a recent meeting between the Chief Legal Officers of Coinbase and Ripple.
• Morgan questions why Ripple would expect Coinbase to relist XRP when Ripple itself recently decided not to use XRP in its own liquidity hub service.
• During a recent interview, Paul Grewal, the legal chief of Coinbase, discussed the possibility of relisting XRP on the exchange, but also noted that the nature of XRP is still subject to litigation.
• Morgan believes that the meeting between Ripple and Coinbase was more likely about how Ripple could assist Coinbase in either its petition for a writ of mandamus &/or its defense to an SEC enforcement action, rather than convincing Coinbase to resume XRP trading on their exchange.

Kenya’s Bold Move: Crypto, NFTs, and Influencers May Face New Taxes

• Kenya’s parliament has introduced a bill proposing a 3% tax on cryptocurrency and NFT transfers and a 15% tax on monetized online content.
• Crypto exchanges or those initiating crypto and NFT transfers would have to collect the tax and deduct 3% of the transfer value for payment to the government.
• The bill aims to regulate the digital asset industry in Kenya and has sparked mixed reactions online, with some expressing support for the recognition of crypto and NFTs, while others criticize the tax as “targeted harassment.”
• Kenya is among the top 20 countries in terms of crypto adoption, and the country introduced amendments to its capital market laws in November 2022 to regulate crypto activities.

Hope on the Horizon: Voyager Creditors Anticipate Receiving Funds Within Weeks

• Voyager Digital, a bankrupt crypto brokerage, is in the final stages of liquidation procedures.
• The creditors of Voyager may start receiving funds within the next few weeks.
• Binance.US abandoned its acquisition deal of Voyager’s assets worth $1.02 billion due to the regulatory climate in the United States.
• Voyager has a “toggle option” to pursue self-liquidation, which will allow it to distribute cash and crypto to customers directly via the Voyager platform.

Coinbase Beats Q1 Expectations: Share Price Soars 7.9%

• Coinbase’s Q1 net loss fell to $79 million from $557 million in Q4 2022, due in part to a 22% increase in revenue to $736 million.
• The results beat expectations, leading to a 7.9% spike in Coinbase’s share price in after-hours trading.
• Transaction revenue from its institutional base increased by 66%, while revenue from retail investors increased by 14.1%.
• Coinbase CEO Brian Armstrong called the quarter a “turning point” for the company towards becoming more financially disciplined, and the firm hopes to play a role in advocating for a rules-based industry amid incoming crypto legislation.

Get Ready to Gamble: Solana Brings Unique Betting Games for OGs and Crypto Degens!

• Hxro has formed Bitblox Games to develop player-versus-player (PvP) gambling games that leverage Hxro’s Solana-based platform.
• Bitblox Games aims to bring the online gambling industry into the Web3 era by creating new and engaging ways for players to bet.
• Hxro co-founder Dan Gunsberg believes that on-chain gaming is an underserved subset of the online gambling industry.
• While the gambling industry views its products as a form of gaming, some video game streamers and live streaming platforms like Twitch have taken strong stances against online gambling in recent months.

Florida Governor Exposes Biden Administration’s Plan to Ban Cryptocurrencies — Is Your Crypto Safe?

• Florida Governor Ron DeSantis claimed that the Biden administration wants to ban cryptocurrencies, citing their lack of control over them as the reason.
• DeSantis has previously accused the President of using CBDC technology for surveillance and control purposes.
• Legislation to ban central bank digital currencies in Florida is reportedly advancing.
• DeSantis emphasized the importance of financial independence and privacy, stating that Florida will prohibit any attempts by the Fed or Treasury to unilaterally implement a CBDC.

Thanks for tuning in to today’s crypto buzz from Coinpedia! But don’t go anywhere just yet, we’ll be back with even more shocking and exciting updates from the world of cryptocurrencies.