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The latest news between prices and news of crypto assets Ripple (XRP), Dogecoin (DOGE) and Cronos (CRO).
In the article we will go over the market statistics, price increases and decreases of the three projects, and the latest news that has influenced such data.
Prices and market statistics of crypto assets Ripple (XRP), Dogecoin (DOGE) and Cronos (CRO)
Let’s start with Ripple itself, which in the last week did not see an increase, but rather a slight decrease in its price (-1.40%), bringing its price to $0.48.
Market statistics remain mostly unchanged, with the market capitalization at $25 billion and volume in the last 24 hours of $908.4 million.
Ripple’s circulating supply is 52.3 billion XRP
On the other hand, Dogecoin is on the rise, rising +5.02% over the past 7 days bringing its value to $0.0652.
The crypto stands with a market capitalization of $9.1 billion and a trading volume in the last 24 hours of $244.7 million.
Dogecoin’s circulating supply is 139.9 billion DOGE, with an average holding time of as much as 98 days.
The Cronos (CRO) crypto also saw an increase in the last week (4%) and its price stands at $0.056.
The token’s capitalization is $1.47 billion with a trading volume in the last 24 hours of $5.4 million.
As for the circulating supply, it is 26 billion CRO tokens.
Let’s now turn to the most recent and important news of the mentioned projects.
Despite legal problems, Ripple (XRP) continues its growth and unveils its CBDC platform
Ripple continues to defy legal hurdles, unveiling an innovative CBDC platform and igniting curiosity about XRP’s potential through the increase in active addresses and price trends.
Despite being embroiled in a lengthy legal dispute with the SEC, Ripple, the driving force behind XRP, is not discouraged. It recently launched a platform that could strengthen the potential of its cryptocurrency.
The legal battle between Ripple and the US Securities and Exchange Commission (SEC) is ongoing: the SEC claims that XRP is an unregistered security.
Despite the legal difficulties, Ripple has not let this hinder its progress and has taken significant steps to innovate and strengthen its position in the cryptocurrency market.
Ripple’s innovative platform
Ripple’s latest venture is the launch of an innovative central bank digital currency (CBDC) platform. This platform aims to enable central banks to efficiently issue and manage their digital currencies.
By leveraging Ripple’s technology, central banks can leverage the benefits of digital currencies while maintaining control and compliance with regulatory frameworks.
The CBDC platform demonstrates Ripple’s commitment to revolutionizing the financial industry and its belief in the transformative power of blockchain technology.
The platform offers central banks a secure and scalable solution for exploring the potential of digital currencies, potentially paving the way for widespread adoption in the future.
Although the legal dispute with the SEC casts a shadow over Ripple and XRP, there are positive indicators that suggest the potential for a bright future.
One of these is the increase in active addresses associated with XRP. Active addresses refer to the number of unique addresses participating in transactions in a given period.
This surge indicates a growing interest and commitment within the XRP community, highlighting the relevance and usefulness of the currency.
Ripple’s perseverance and dedication to its vision is commendable. Despite the legal challenges it faces, the company remains committed to advancing blockchain technology and exploring new avenues for the use of XRP.
The launch of the CBDC platform demonstrates Ripple’s ability to innovate and adapt, even in the face of adversity.
However, it is important to note that the legal dispute with the SEC has not yet reached resolution, and the outcome could have significant implications for Ripple and XRP.
The final decision on whether or not XRP is considered a security will determine the future trajectory of Ripple’s operations and the cryptocurrency’s regulatory framework.
Investors in Dogecoin denounce the “dirty tactics” of Elon Musk’s lawyers
Lawyers representing a group of Dogecoin investors who have sued the CEO of Tesla, want Elon Musk’s lawyers thrown out for misconduct, according to a new court document.
The ongoing legal battle has taken a contentious turn, with both sides trading accusations and demands.
In a recent document filed in Manhattan federal court, attorneys for DOGE investors asked the judge to disqualify Musk’s lawyers for their alleged pattern of “improper and oppressive conduct” during the course of the lawsuit.
The letter specifically targets Musk’s lawyer, Alex Spiro, accusing him of engaging in tactics designed to undermine the plaintiffs and their case.
The heart of the matter lies in the amended complaint filed by attorneys for DOGE investors, which alleges that Elon Musk secretly owned two wallets that sold $124 million of DOGE during a two-day period in April.
This period coincided with Twitter’s temporary replacement of its iconic blue bird logo with an image of Dogecoin’s Shiba Inu dog logo.
Investors claim that Musk orchestrated this move to manipulate the price of DOGE in his favor.
Musk’s lawyer, Alex Spiro, responded to the allegations in a letter shared with the Post, vehemently denying the allegations and attacking the competence of one of the DOGE investors’ lawyers, Evan Spencer.
Dogecoin holders against Elon Musk
Spiro’s response raised the concerns of the plaintiffs’ lawyers, who accused him of attempting to “materially prejudge” the case by denigrating Spencer.
As a result, lawyers for the DOGE investors are asking the judge to dismiss not only Spiro, but also the other lawyers from the Quinn Emanuel firm representing Musk.
They also argue that the lawyers should be fined for their alleged misconduct. In addition, the lawyers are calling for the dismissal of Tesla lawyer Allison Huebert, who worked on Musk’s behalf in the lawsuit.
This heated legal battle between Dogecoin investors and Elon Musk has attracted considerable attention, given Musk’s prominent role in the cryptocurrency world and the substantial impact his tweets and actions can have on the market.
This is not the first time Musk has faced scrutiny for his tweets and alleged attempts to manipulate cryptocurrency prices.
The outcome of this case could set a precedent for future legal battles involving high-profile figures in the cryptocurrency industry.
The judge’s decision whether or not to disqualify Musk’s lawyers and address the issue of alleged misconduct will be a key step in determining the course of this legal dispute.
As the legal proceedings continue, Dogecoin investors and their lawyers are determined to ensure a fair and transparent process.
They are seeking accountability for what they believe to be inappropriate actions by Elon Musk, hoping to protect the interests of Dogecoin investors and maintain the integrity of the cryptocurrency market.
It remains to be seen how the court will respond to the allegations of misconduct and whether this will impact the overall outcome of the case.
The legal battle between Dogecoin investors and Elon Musk continues to unfold, with both sides strenuously defending their positions in this high-stakes dispute.