However, a recent research paper by a professor at Rutgers Law School has deflated the SECs reliance on the test. In partnership with Mastercard, Latin Americas most popular exchange, Bitso launched a debit card in Mexico offering cryptocurrency rewards on customers purchases. Yet, the CEO remains firm that Ripple is doing everything required of it by the sanctions. window.yaContextCb.push(() => { Here's what investors may want to know about the pending SEC lawsuit against Ripple. quotes delayed at least 15 minutes, all others at least 20 minutes. Brenden Rearick is a Financial News Writer for InvestorPlaces Todays Market team. The company believes the ruling in SEC case could arrive within this month. XRP is seeing positive momentum today thanks to the Ripple lawsuit news. Binance has continued to remain committed to increasing the adoption and mainstream accessibility of crypto and we are excited to be taking this step in making access to digital assets effortless for more Africans., There is a massive opportunity to provide huge gains in efficiency to wealth management clients due to the failures of existing players in this market.. With $1.3 billion and crypto-regulating legal precedents up in the air, a lot is riding on this. In the case of XRP, the price is related to its usage. .boxItemAdd > div.advertisement-header{ Ripple has hit back against this request, noting that the litigation provides an existential threat to its business.. 2. In December, the Securities and Exchange Commission (SEC) announced it was pursuing a lawsuit against Ripple, alleging $1.3 billion raised by XRP in unregistered securities offerings was illegal. It has been nearly two years since the Securities Exchange Commission sued Ripple Labs, Garlinghouse, and Larsenbut the end is near. Attorney. And its the energy sectors challenge to make clean energy available and profitable, too. In March, the Judge dropped a bombshell in the form of admitting to XRPs utility, which contradicts the SECs security argument. They are forecasting a huge price gain if Ripple comes out on top of the legal battle. TBD, led by Jack Dorsey, launched C= to enhance the Bitcoin Lightning Network through added liquidity and routing https://t.co/kAQG6PHMzK. Ripple has argued that such an initiative is outside the scope of the Federal Rules and the Hague Convention. Additionally, the SEC failed to provide communications with foreign regulators, and Ripples lawyers are requesting to seize any attempt by the SEC to access Ripple Labs memorandums of understanding with non-US entities. The SEC sued Ripple Labs, Garlinghouse, and co-founder Chris Larsen in December 2020, alleging that the XRP sale was an unregistered securities offering. Finance Feeds has spoken with Natalia Zakharova from retail and institutional broker FXOpen, who said a settlement could trigger a 150% rally in XRP. Thats one of the biggest questions, What are mining and mineral stocks? However, reports now say Ripple is still facing adversity in court. Three Japanese banks are set to develop a payment system that integrates their stablecoins on a public blockchain while satisfying legal requirements. click below link to register. Ripple Labs is currently working on a payments system called RippleNet that allows vendors to accept payments in seconds. Read market moving news with a personalized feed of stocks you care about. Judge Netburn informed the SEC on March 22, 2021, that the Ripple (XRP) token has currency value and utility, distinguishing it from BTC and ETH. XRP Price Prediction: Crucial Levels To Watch For XRP Coin In Coming Week, AVAX Price Prediction: Avalanche Coin Poised For 12.5% Fall As Bearish Pattern Reach Completion. Christopher Liew, CFA, A prominent crypto stock trading at an absurdly cheap price, but you must have a high-risk appetite to consider buying. Motions must be filed within 30 days of the close of discovery and that should be November 16, but responses to motions and sur-replies could push any summary judgment to an unknown date in the future. Also Read: FTX News: Bankruptcy Lawyers Locate $2.2 Billion Worth of Crypto Assets In FTX Linked Wallets. Since then, Ripple has reiterated it did nothing wrong and sought its day in court, sooner than later. 1125 N. Charles St, Baltimore, MD 21201. The . Here are some minerals these companies extract: Precious metals: gold, silver, platinum, palladium Industrial metals: iron, ore, zinc, cobalt, lithium, nickel, copper, aluminum Construction materials: sand, crushed stone, limestone Energy materials: coal, oil sands, uranium Fertilizers: boron, potash, phosphate How can you find good mining stocks? In an interesting XRP Lawsuit news, the Ripple team believes the summary judgement in the SEC case is not too far amid market expectations. However, with the ongoing US Securities and Exchange Commission (SEC) lawsuit, XRP holders and blockchain devotees have created a front against harsh regulatory measures. What are energy stocks? The current CoinMarketCap ranking is #6, with a live market cap of $20,295,207,151 USD. Hogan says the company itself has an expected window for when the case will be resolved. The two-year legal battle between Ripple Labs and the US Securities and Exchange Commission is nearing its conclusion, and Garlinghouse has also given a tentative date. XRP lawsuit to face settlement? The XRP (CRYPTO:XRP) lawsuit is set to end by November. Which companies have dividend stocks? CEO Brad Garlinghouse revealed that Ripple has had its best year to date, despite litigation with the US SEC. Many people want cleaner energy. It all depends on what happens in the legal actions Ripple Labs is involved in. Answer (1 of 3): No, because Ripples real use isn't tied to XRP. Crypto Expo Europe to hold a workshop by Binance The worlds leading blockchain and cryptocurrency infrastructure provider, Tensions Between Aptos and Sui Go Public, Solana Network Outage Triggers Market Bears, TMS Network Gives Mammoth ROI During Presale. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. For context, Ripples defense posits that the SEC did not provide fair notice that its coin distribution was illegal. Accordingly, Ripple has pushed for a quicker resolution to this case, which the SEC has been delaying of late. If he did, then we could see the XRP lawsuit settled as early as next month. Why Is Novavax (NVAX) Stock Up 12% Today? It has been a busy month for Ripple, to say the least. All rights reserved. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. FTX News: Bankruptcy Lawyers Locate $2.2 Billion Worth of Crypto Assets In FTX Linked Wallets, Silvergate Fallout Triggers Over 5% Correction in the Bitcoin (BTC) Price and Crypto. Ripple (XRP-USD) holders may have started the week celebrating, but it doesnt look like the companys out of the woods yet. At the end of 2020, the SEC filed a lawsuit against Ripple Labs, accusing the company and its co-founders of failing to register their native XRP token as a security. The company believes the ruling in SEC case could arrive within this month. In addition to the judge selecting a summary judgment brief due date for both parties, the SEC filed a motion that would result in the SEC not having to produce the Hinman emails due to attorney-client privilege. For that reason, youll rarely see growth companies, small caps, or start-ups issue dividends. Copyright He stated that there is no such March 31 deadline as of now. To make the world smarter, happier, and richer. Both parties in the SEC v. Ripple lawsuit have filed a joint letter proposing a summary judgment briefing schedule. It still looks, November 8, 2022 | if (container) { The filing, dated May 5, 2020, said the plaintiff, Bradley Sostack, had filed a notice of voluntary dismissal. Meanwhile, the XRP price took a dip along with all major tokens with news of many crypto companies isolating themselves of ties with Silvergate bank. Ripple has argued that the digital coin should not be treated as a security, a designation that would bring it under much stricter regulatory scrutiny. Today, news is showing that both the SEC and Ripple have been denied important motions. Sellers In Control May Pull MATIC Price Below $1.5 Mark; Keep Holding? FlexTrades FlexONE captures Best Buy-Side OMS award, Saxo Bank reports higher FX volume for February 2023, Bitso launches Mastercard-backed crypto card in Mexico, HSBC and Nationwide block transactions with crypto exchanges. At the end of 2020, the SEC filed a lawsuit against Ripple Labs, accusing the company and its co-founders of failing to register their native XRP token as a security. As many countries around the world adopt various strategies, the world of cryptocurrency legislation is changing. Dividend-paying companies are usually older, more established corporations that have a long track history of positive growth and expansion. The presented content may include the personal opinion of the author and is subject to market condition. const container = $('#div-gpt-ad-1447236129660-0'); Now today, the chatter around XRP is ramping up significantly. Similarly, former CFTC chairman Christopher Giancarlo claimed that XRP is not a security. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff. But thats not all. Regarding the Fair Notice Defense, the SEC has recently warned the Court that a Ripple win would nullify the Howie Test the benchmark that has come under scrutiny with the emergence of the digital asset class. Chances are low that the court will grant this motion; the court has already taken the stance that Hinmans speech was his personal opinion and not an agency asset. This process, known as fact discovery, takes time. Down 26% in a Month, Is Canopy a Buy Today? The class action lawsuit alleges that Ripple issued and sold the coin, one of the largest by market cap . Elon Musk Shifts Interest From Crypto To AI, Top Crypto Token Price For Today, March 4th, Inverse Cramer ETF Will Let You Bet Against CNBC Hosts Picks, XRP Lawsuit: Ripple Expects Verdict By This Date, Heres The Catch. But now as of April 25, it is trading for 66.65 . Aditya Raghunath, Ethereum and Solana are two of the most popular cryptocurrencies in the world that are well poised to deliver substantial, September 30, 2022 | Ripple Is Predicting an End Date to Its SEC Lawsuit. However, the probability of the case not going in favor of XRP is high, given the likelihood of the case going under trial or Ripple losing it. SEC commissioner Hester Peirce, a crypto bull herself, is allegedly saying the SEC wont see the outcome its hoping forwhen all is said and done. Plus, its fees vastly undermine those associated with SWIFT. He added that these motions might be sent in at the end . On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. Theres even room for more lines. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Analytical cookies are used to understand how visitors interact with the website. HSBC Holdings and Nationwide Building Society joined major UK banks in banning purchases of bitcoin and other cryptocurrencies via credit card following a recent regulatory crackdown. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. If youre looking for stocks for beginners, youve come to the right place! All rights reserved. A prolonged legal battle, which may hold the key to XRP's future, has been extended again. . The move is another blow for the crypto traders who recently saw a sizable number of banks deciding not to finance the wobbly asset class.. XRP Crypto Holders, Mark Your Calendars. You embarrassing yourselves. } Sign up below to get this incredible offer! ETH Price Prediction: Will Ethereum Price Lose $1500 Support Amid Market Correction? ), He mainly covers digital assets and tech stocks, with a focus on crypto regulation and DeFi. margin-bottom: 5px; This date amounts to the deadline for expert testimony and what evidence related to these expert witnesses will bring. Michael Burry Is Betting Big on These 2 AI Stocks, Cathie Wood Is Betting Big on These 5 AI Stocks, Why Hudson Bay May Not Be Able to Save Bed Bath & Beyond (BBBY) Stock, Dear XRP Crypto Fans, Mark Your Calendars for a Big Ripple Lawsuit Date on Aug. 31. June 20, 2021 6:15 pm UTC, Rick Steves. Shiba Inu Coin vs. Avorak AI Can Meme Tokens Compete With True Utility? Its easy to understand why, with only one half of this news, XRP fans were ready to celebrate. If there is no settlement and we go to summary judgment or trial I predictwell, heck I dont know do I look like a mind reader?, he added. Use the market downturn to tap the recovery, September 27, 2022 | The app allowsusers to research more than 1000 stocks and ETFs, curate a portfolio based on risk rankings assigned to each security, and buy fractional shares for as little as $1. See our Foolish investing philosophy. But the sale of XRP coins is purported by Ripple to have not been a security offering or initial coin offering (ICO) at all. Ripple Pursues CBDC Development, In Talks With 20+ Central Banks, Ripple Lawyer Asks Gary Gensler to Step Down from Token Securities Cases, Collateral Network (COLT) Keeps Rising as Astar (ASTR) and SafePal (SFP) Perform Greatly. They have urged District Judge Analisa Torrest not to send the case to trial in papers. This phase could go on for several months. 1125 N. Charles St, Baltimore, MD 21201. Bitcoin, Ethereum Weekly Forecast: Will Crypto Market Face Further Correction In March 2023? On March 2, the CEO of Ripple opened up about the . The agency argues that XRP, the native digital currency used by Ripple and other companies on an open sourced, decentralized ledger, has been an unregistered security since it was introduced in. Bullish Momentum On XRP. Broker-neutral technology firm FlexTrade Systems FlexONE solution has once again emerged top among the best buy-side execution management systems. Click to email a link to a friend (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), is a security due to its centralized nature, FlexTrades FlexONE captures Best Buy-Side OMS award, Saxo Bank reports higher FX volume for February 2023, Bitso launches Mastercard-backed crypto card in Mexico, HSBC and Nationwide block transactions with crypto exchanges. XRP holders filed a case against the SEC claiming damages for investment losses after the initial Ripple lawsuit. If there are no significant motions or appeals that get submitted leading up to the summary judgment brief deadline, then there is a strong possibility that the SEC vs. Ripple case will come to an end sometime between November 2022 and Q1 2023. Both XRP crypto fans and SEC members alike expect a Ripple victory. Ripple moved by nearly 300% in April, reaching a new all-time high. Of course, Ripple denies these claims, asserting that XRP is a currency with a function. The regulator, however, is able to use this sense of emergency as leverage. The tech sector isnt as stable as, say, banking. U.S. Magistrate Judge Sarah Netburn denied the SECs motion where they requested that they should not have to produce Hinmans emails because they were protected by deliberative process privilege. The Ripple lawsuit has been a wild ride for everyone involved. Attorney James Deaton, XRP holders' lawyer in the Ripple vs SEC lawsuit, dropped massive news around the closing deadline for summary judgment. If this project succeeds then XRP will likely see gains, as the legitimate buying and selling on Ripples network will drive demand for the token. All final briefs due December 20, 2022. New documentation shows that Ripple expects the suit to close between Aug. 26 and Nov. 18 of this year. However, the probability of the case not going in favor of XRP is high, given the likelihood of the case . advertisement. Lorem ipsum dolor sit amet, consectetur adipiscing elit. In December 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, the company behind the XRP token ( XRP-USD ), alleging that Ripple and its current and. Furthermore, Ripples position in the lawsuit is becoming more favorable as the SECs ability to prove their case diminishes. quotes delayed at least 15 minutes, all others at least 20 minutes. He further argued that a security is an investment that should lead to profits from the efforts of promoting the asset by the owner. Galaxy Digital Holdings is down 80% from all-time highs, but should you buy this cryptocurrency stock right now? Talk of Ripple today favors more longstanding issues that have plagued it in the last two years. However, if either party files motions or appeals, or the judge decides that she needs oral arguments, then final judgment on the case could be further delayed. Three Japanese banks are set to develop a payment system that integrates their stablecoins on a public blockchain while satisfying legal requirements. XRP tracked the broader crypto through the week, with market risk aversion weighing on the crypto market. It doesnt mean that the asset itself necessarily has to be a security. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. All Rights Reserved. (Of course, this doesnt include the possibility of settlement, which could adjourn the case at any moment.). Many people believe the SEC is making a significant effort to have this evidence omitted because it may contain an analysis or language that explicitly says that Ripple is not a security; if this is true, it would be extremely damaging to the SECs core arguments that XRP is a security and that Ripple, Brad Garlinghouse, and Chris Larsen conducted an unregistered securities sale when XRP launched. Wrong! Judge Torres claimed, My understanding about XRP is that not only does it have a currency value, but it has a utility, and that utility distinguishes it from Bitcoin and Ether. That highlights the fact that the XRP token has a valid use case, and although the founders have issued tokens, they were produced to be used within the network. Do your market research before investing in cryptocurrencies. Brenden Rearick is a Financial News Writer for InvestorPlaces Todays Market team. With Interest Rates Rising, 3 Bank Stocks Poised to Profit. Our staff of experts help find some of the best beginner stocks for Canadians. 2023 The Motley Fool Canada, ULC. The lawsuit has been going on for nearly 15. 1. Please do better homework. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. Now, Ripples Brad Garlinghouse and Chris Larsen have asked the judge to dismiss the SECs case altogether, claiming further damages. Attorney John E. Deaton has disclosed the primary reason why he fought to join the United States Securities and Exchange Commission (SEC) case against Ripple on behalf of XRP holders. Then I believe the two main issues will be decided by Judge Torres at the summary judgment. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Know the mining industry The mining industry is fairly complex. This will likely provide a catalyst (either to the upside or downside) for XRP. With minimal market led deviations, the sixth ranked cryptocurrency has been maintaining a total market cap around $20 billion. Bullish Momentum On XRP The case between Ripple Labs and the SEC continues to make headlines four months after the regulator initiated the lawsuit at the end of 2020. The Securities and Exchange Commission announced today that it has filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered, ongoing digital asset securities offering. Energy stocks include: Electric utility companies Liquefied natural gas companies Natural gas companies Oil companies Renewable energy companies Solar energy companies How can you pick energy stocks? 1125 N. Charles St, Baltimore, MD 21201. The author or the publication does not hold any responsibility for your personal financial loss. Why Is Novavax (NVAX) Stock Up 12% Today? December 22, 2020 - The SEC sues Ripple over alleged securities violations. Among these, XRP has been delisted from Coinbase (NASDAQ:COIN) and other exchanges, pending the results of this ongoing lawsuit. Here's When Ripple and XRP Lawsuit Could End After Surprise Schedule Change: Crypto Legal Expert Daily Hodl Staff May 1, 2022 Regulators, Ripple and XRP The judge presiding over the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple has made an unexpected schedule change. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Sign up below to get this incredible offer! Mining and mineral stocks represent partial ownership in companies that find, extract, and process minerals and materials. But only under the legal fiction of it being something it isn't, a "security". Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Yes, I just dont think its likely., So, any settlement is likely to be after at least the close of fact discovery and that is now early September and even more likely to be after October 16.. However, another whale moved around $50 million worth of XRP in another transaction. Could it settle before then? '', AI Crypto Token Fetch.AI Reveals Ambitious 2023 Roadmap; FET Price Poised For Bull Run? Japanese banks to trial stablecoin payment system, Binance adds support for African currencies: Liberia, Sierra Leone, Gambia, Mauritania, Cape Verde, InvestCloud launches front-to-back single solution for advisors and wealth managers, Step launches stock investing for teens and young adults. Anvesh reports major developments around crypto adoption and trading opportunities. Both parties have submitted their briefs in the court seeking judgment in their favor. August 26 is when the Ripple lawsuit is scheduled to go to trial assuming no settlement can be reached before that date. Ripple CEO, Brad Garlinghouse mentioned that Stuart Alderoty is giving the SEC its toughest fight against crypto regulation. Considering the altcoins popularity among traders, the summary judgement could cause unprecedented volatility as and when it comes. This legal battle is sure to lay the grounds for further government litigation over crypto projects. The company says its function is to conduct cross-border payments with little-to-no fee to the user. The new chairman of the SEC, Gary Gensler, has a more positive perspective on cryptocurrencies as he has mentioned Bitcoin positively in the past. The cookies is used to store the user consent for the cookies in the category "Necessary". The Ripple Labs lawsuit is well underway. In May, Mr. Hogan said that if the SECs new Chair Gary Gensler pulled back from the lawsuit and instead work for more regulatory clarity, that would happen until the end of that month. Anything can happen. All things considered, it will be interesting to monitor the effect that these events will exercise on XRP, which is currently trading at $0.3777, as the crypto community votes at CoinMarketCap expect it to climb as much as 9.8% by the end of March, whereas the algorithms at PricePredictions suggest only a minor increase by March 1 and even a . googletag.cmd.push(function () { Article printed from InvestorPlace Media, https://investorplace.com/2021/08/dear-xrp-crypto-fans-mark-your-calendars-for-a-big-ripple-lawsuit-date-on-aug-31/. Despite the ongoing legal action and MoneyGram, Ripples leading partner, halting their collaboration due to the lawsuit, the price of XRP generated incredible gains in the past month. All rights reserved. Should the same waiting period apply in the XRP lawsuit, and taking into account that briefing will only end on December 20, 2022, then the XRP case could be over by March-April 2023. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. '', If all goes well, Ripples victory will be apparent before this date, due to decisions made by the judge prior to the final decision. While a date for amicus review has not been set according to the schedule shared by lawyer James K. Filan, the hearing will determine some crucial facts. Xrp Lawsuit Dropped The lawsuit against Ripple Labs Inc. has been dropped, according to a court filing. Puja Tayal, October is a ripe time to buy growth stocks for wealth creation. 1. 1125 N. Charles St, Baltimore, MD 21201. These cookies ensure basic functionalities and security features of the website, anonymously. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Over time bank stocks have been relatively safe investments, as they offer products and services that most people need. Efficiency ratio: the efficiency ratio tells you how much revenue a bank uses towards its operating costs. Whats more, the SEC claimed access to the information despite the co-founders agreement to provide relevant data regarding their activity. Follow Anvesh on Twitter at @BitcoinReddy and reach out to him at. I dont see the case being decided at summary judgment until early 2022 maybe January, he concluded. The update? Dividend stocks are stocks that send you a sum of money (usually quarterly, but sometimes annually) simply for owning shares in the company. While the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system is a key point in the U.S. sanctions against Russia, international remittance cryptos like XRP are coming into the spotlight. Nonetheless, Garlinghouse gave some encouraging updates for the cryptocurrency market despite the strong regulatory attitudes. There is no specific date here, but it is the month when one legal commentator speculated that the suit may be settled. Andrew Button Published March 22, 2022 4:56 pm EDT XRP Image source: Getty. Though were not suggesting investors ignore bigger companies in oil or natural gas, we are suggesting you keep an eye on the future as youre picking your energy stocks. { Last week, documents surfaced suggesting that the trial will end between August and November of 2022, barring a settlement. Your daily dose of Crypto news, Prices & other updates.. Top Reasons Why the Crypto Market May Plunge This Weekend! She shares the latest and trending news on Cryptocurrency and Blockchain. When we think about a cryptoasset as being a security what were doing is were saying its being sold as part of an investment contract. And with new technologies moving as fast as they have in the last few decades, that growth could be exponentially large. Andrew Button is a freelance financial writer with extensive experience writing about stocks, real estate and managed products. This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium service or advisor. Even in case the summary judgement favors Ripple, new and upcoming companies in the crypto space should get out of other countries, where there is clarity around laws for the industry. According to reports, Layton asked Southern District of New York Judge Analisa Torres for access to the contentious paper that former SEC executive William Hinman had produced. We're helping the world invest better. But thats not always a bad thing. The site says XRP prices could fly as high as $20. However, he called this one of the industrys most important tests. When Will The SEC Vs. Ripple Lawsuit End? A settlement, however, remains a distinct possibility as the ghost of Hinman threatens the SEC. But, while some moments showed hints of an end, the case remains unresolved as of yet. Are Payment Cards To Face The Same Fate As Cash In The Virtual Age? The updated agenda, here. The next high-volatility date thats expected is Oct. 15, the deadline for expert discovery. Our goal is to help every Canadian achieve financial freedom. However, Alderoty has a piece of advice for crypto businesses. January 31, 2023 | Stuart Alderoty, Ripples Chief Legal Officer, believes the verdict in the longstanding case is not too far away. An intriguing timeline of the ongoing dates investors need to be aware of can be found in a recentDecrypt.co article. However, news today suggests a closure will not be so soon. Reports revealed that XRP spent a lot of money on this lawsuit. Indeed, this lawsuit has brought about a number of negative consequences. Earn daily interest on your crypto and EUR, GBP and USD. The cryptocurrency has catapulted into the top five coins by market cap once more as its price passed the $1 mark.