It’s Monday again and the new week has begun. In this article we put the most interesting cryptocurrency news Here is a list to face the new week well prepared! Let’s start with the statements about Ripple (XRP) lawsuit.
Ripple will lose XRP lawsuit
The XRP lawsuit is a major topic in it XRP news. This is because the outcome of the case largely determines the future of the altcoin. If the Securities and Exchange Commission (SEC) is right, XRP is a stock and Ripple can close its doors in the US.
But if Ripple wins the case, that may also spell good news for the rest of the cryptocurrency market. While and occasionally some positive sounds can be heard about the possible outcome, not all of them are positive. Chia Network CEO Gene Hoffman expects Ripple will lose the case.
The EU wants to collect $2.4 billion by taxing bitcoins, among other things
Where money is made, of course, the tax authorities soon come into play. Last week, The Block reported that the European Union wants to introduce new legislation to fill the “regulatory gap”. This would reportedly include a new tax.
It is not yet clear what exactly it will look like. The EU would $2.4 billion in tax dollars they want to get involved with the new legislation. That there will be more regulation of cryptocurrencies is a fact in any case. It is unclear whether this is a real tax or a tax on cryptocurrency profits that previously remained under the radar.
The CEO of FTX has been trying to completely implode encryption
And then some FTP extension news. Every day new things become clear about this fiasco. For example, yesterday we read that former FTX CEO Sam Bankman-Fried (SBF) even plans to implode other stablecoins.
He wished he’d done it to save FTX. The managing director of Binance, Changpeng Zhao (CZ), reportedly urged him to stop doing this in personal messages. “Stop trying to break the link between stablecoins and the underlying and stop doing anything. Stop now, cause no more harm,” CZ wrote to the former FTX CEO.
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