As usual around lunchtime, we look at the live Bitcoin price and the prices of the top 25 crypto. Then we look at updates on the SEC, Ripple (XRP) and Cardano (ADA). Finally, we look at FC Barcelona’s plans for NFT and Metaverse.
We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto.
Live bitcoin price and prices top 25 crypto rise quickly as we continue to rally
At the time of writing, the live Bitcoin price is EUR 38,883.56 ($43,605.58). This is 14.06% higher than during our crypto lunch yesterday.
The prices of the top 25 crypto are also rising rapidly. Apart from some stable coins we see only green results, which are written in double digits for most crypto coins. The crypto coin with the most gains in 24 hours is Terra (LUNA) with + 25.78%. On the site of Tradeincrypto.com you can view all live crypto prices 24 hours a day.
Ripple (XRP) lawyer on follow-up SEC lawsuit
In the lawsuit between Ripple (XRP) and the SEC, the extended deadline to present evidence expired yesterday. Naturally, the question is how the case will proceed. Ripple’s attorney, Jeremy Hogan provided an update, which you can see below.
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1/3 Let’s step back from the motion and think like a trial lawyer.
At trial, Garlinghouse testifies about the meeting with Roisman.
There’s absolutely no indication that Roisman or Eastbrook are disputing what was said (otherwise the SEC would gladly produce the notes). https://t.co/hBNY2pS4lW
– Jeremy Hogan (@attorneyjeremy1) February 28, 2022
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Which means that the SEC has no evidence AT ALL about the meeting but can only argue that Garlinghouse’s testimony is “self serving” and… ALL testimony is self serving. That’s very x2 weak sauce.
By which I mean to say, whatever the Judge rules, the SEC is already dead here.
– Jeremy Hogan (@attorneyjeremy1) February 28, 2022
As we can read, Hogan does not expect a new deadline for submission of evidence. He anticipates that the process will move into the next phase. In addition, we can see that he is exuding quite a lot of self-confidence. This is not surprising, as more and more parties suspect that the SEC has a weak case. Investors, at least, do not seem to be worried. Indeed, the live Ripple (XRP) price is $0.766. This is 5.23% higher than yesterday at lunchtime.
SEC calls on crypto parties to come forward
The central question in the lawsuit between Ripple (XRP) and the SEC is whether the crypto currency should be considered security. The ruling in this case (or a settlement) could set a precedent for many other crypto initiatives. Therefore, it is noteworthy that the SEC is making the call just now.
Indeed, in an interview with Reuters, Gurbir Grewal, director of enforcement for the SEC invites crypto companies to come forward if they suspect they have broken rules. The SEC will not grant them a pardon. Grewal does, however, suggest they take a lenient approach and priority in handling their cases. With the SEC still not providing a conclusive definition of crypto as securities, and with Ripple (XRP) likely to make that definition a lot less sweeping than the SEC wants it to be, we don’t expect there to be much enthusiasm in crypto for responding to the SEC’s invitation.
Cardano (ADA) is chasing away bears. Is this the time to buy?
If we look at the monthly results, we see that Cardano (ADA) is one of the few crypto to still write a negative result of 8.96%. From this we can conclude that there has been a considerable bear trend. Meanwhile, as for the entire crypto market, this trend has reversed. The question is, of course, whether this is the time to invest in this currency. In the analysis below you can see what experts think about it.
Other analysts also see enough potential for Cardano (ADA) to get back above $1, but of course at this time they are wary of events that could suddenly turn the market around. The current price of Cardano (ADA) is $0.955 which is 8.53% higher than yesterday.
FC Barcelona dives full into NFT and Metaverse
FC Barcelona president Joan Laporta went into great detail about the financial position and expectations for FC Barcelona in a presentation yesterday. As every soccer fan knows, there are substantial debts and the club has to do everything possible to get its finances in order. Apparently, crypto is an appropriate solution.
During his keynote for stakeholders, he announced that FC Barcelona will come up with its own crypto currency and will soon launch the first NFTs on the market. There will also be more developments on blockchain and Metaverse. Although he did not get concrete yet, with some 300 million Barca fans there are plenty of opportunities to ease financial worries via crypto. Of course, we will continue to follow the developments.
Want to stay up to date with the latest price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”