In recent years there has been a watchful eye set on cryptocurrency due to the numerous questionable activities that it has facilitated in the past. Authorities are coming down heavy on the industry, with many pushing for tighter regulation that will ensure a more secure operation.
Dubai has recently tightened its regulation on cryptocurrency which aims to push the country into being the regional and international hub for virtual assets. Under this regulation, companies must declare their operations and provide detailed information on their management structure. This ultimately provides the companies with credibility and legitimizes their operation within the region.
On the other hand, unregulated companies have come under much scrutiny because of their “unlicensed activities.” One such is Ripple, which has been in a battle with the SEC over selling a substantial amount of XRP without being a registered security. Bitcoin has finally broken through its $30,000 threshold following an influx of investment back into the market, and Signuptoken.com is leaping closer to its 4,000 subscriber goal. What the SEC vs. Ripple case, plus Bitcoin’s bullish behaviour, will mean for the start-up cryptocurrency Signuptoken.com.
New Information Turns The Tide for Ripple vs. SEC
The hottest news at the moment is the Ripple vs. SEC case, where Ripple and its executives are being charged with allegedly selling over $1 billion worth of XRP to clients in 2018. The SEC has stated that because XRP is regarded as a security, it needs to be regulated, and due to it not being registered, Ripple will need to pay a hefty fine.
New evidence in the case reveals that 90% of the XRP returns at the time were a result of Bitcoin and Ether returns. This means that the price was inflated by the influence of Bitcoin – which is a plausible occurrence – and the sold XRP could be significantly less.
In addition, the other argument is that XRP does not qualify as a security because it is not a stock or bond, but the SEC sees it as an investment contract. However, given that the SEC has not argued whether there was an implied or explicit contract of investment, Ripple has functioned simply as an entity that transferred an asset.
Overall, the new information presented may have grounds for Ripple to avoid being regulated and simply pay a fine. This will have wider ramifications on how the cryptocurrency world behaves, including the prevelance of careful audits and public addresses, which have both been uploaded onto the Signuptoken.com website.
Bitcoin Smashes $30,000
Bitcoin had greatly suffered following the FTX crash as it fell from its all-time high of $68,000 and averaged around $17,000. Just when recovery was on the horizon, and the coin was finally in the $20,000 mark, the banking crisis followed, and once again, the value dropped, but this was not disadvantageous for the giant.
As more people flocked to the crypto market, Bitcoin saw a price rise practically overnight, jumping from $22,000 to $26,000, and has now hit $30,000. This comes as a result of investors pouring their finances into sources that allow them more security.
In addition, many investors are beginning to gravitate back toward the crypto market because they have seen the unpredictable nature of the conventional banking system and tend to feel more comfortable using sources that allow them to control their finances and move them around as they please.
As Bitcoin pushes through its $30,000 threshold, investors and crypto analysts are very optimistic about the coin pushing beyond this range very soon and possibly returning to its once-all-time high. What does this mean for the rest of cryptocurrency? Well, Bitcoin acts like a marker for many cryptocurrencies: a bullish Bitcoin means a bullish market, which means small cryptocurrencies like Signuptoken.com will inevitably soar.
Signuptoken.com 4,000+ Steps Closer
Signuptoken.com is a revolutionary new way for crypto enthusiasts and individuals to invest in cryptocurrencies. The platform is the first of its kind to hold a presale before its launch. Users simply need to activate their accounts by signing up with their email addresses, free of charge.
The token is secure as it is not affected by the turbulent nature of the mainstream market because it derives its strength from the power of its network. It does this by creating a community of hungry and eager investors by widening its reach to not only whales by also regular individuals who want to create generational wealth.
Due to this wide accessibility, the platform has already gathered a community of nearly 4,000 subscribers so far and aims to build a network of a million. Every person in this network will receive exclusive access to the token upon launch and will be part of their platform’s millionaire tribe.
Take advantage of this unique opportunity as Signuptoken.com continues to grow its ‘millionaires club.’ Join for free now by registering your email to enjoy all the benefits of early membership. This is an email worth millions, and the best part: It costs you nothing!
It is no secret that cryptocurrency is used in a fair amount of questionable activities. However, this should not overshadow the truth that cryptocurrency, although not completely mainstream, does have unique potential that can be very lucrative and beneficial. In addition, it is a legitimate means of doing business and is on a higher level in security and transactional capability than regular currency. Although the regulations are a necessary factor in cementing the legitimacy of the currency, they should not hinder its overall potential.
For More Info on Signuptoken.com:
Website: https://www.signuptoken.com
Twitter: https://twitter.com/_SignUpToken_
Telegram: https://t.me/SignUpToken