Crypto News Digest by U.Today

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Valeria Blokhina

Stay up to date on all the major industry events with U.Today’s crypto news roundup!

Here are the four biggest news stories of the past day brought to you by U.Today.

Shiba Inu (SHIB) shows unprecedented price performance

the Shiba Inu The community has been quite surprised by SHIB’s price performance over the past seven days. During the aforementioned period, the token has been moving in a straight line on its daily chart, not changing even 1%. The asset demonstrated the lowest level of average daily volatility in its entire trading history, which is a price performance never seen before for an asset as historically volatile as the Shiba Inu. Such changes in SHIB behavior could be related to the relatively low volume of the token. Burnsbut the exact reason behind the anemic price movement remains unclear.

However, things have changed today: as reported Per U.Today, the token successfully broke out of the plateau we saw earlier and is now moving towards the upper edge of the range formed in July.

Legendary Investor Jim Rogers On Cryptocurrencies: “It’s Going To Be Government Money”

Despite the higher level of adoption among retail investors, Bloomberg Asia Economy Senior Reporter Jim Rogers do not rush to invest in cryptocurrencies and digital assets. As he explained in his most recent interview with Michelle Jamrisko, with the highest level of adoption, centralized government institutions will go after people’s funds and try to control them in some way. Rogers believes this will make cryptocurrencies “government money” at some point. As an example, the investor used CBDCs, which are digital assets but not necessarily cryptocurrencies, released by central banks and backed by official government currency.

XRP is on the cusp of a potential breakout, says top trader

According to prominent cryptocurrency trader and analyst Crypto Rand, the token affiliated with Ripple XRP could be on the brink of another rally. The analyst posted a chart showing his followers that the 7th largest crypto continues to consolidate and charge a potential breakout at the $0.40 level. At press time, XRP is trading at $0.372, according to CoinMarketCap, up 1.06% in the last 24 hours. The cryptocurrency is still down nearly 90% from its all-time high that was achieved in January 2018, and legal uncertainty remains the main hurdle for the token’s price action.

ripple v. SEC: Attorney Jeremy Hogan Accuses the SEC of Failing to Authenticate the Speeches of Its Own Employees

As the legal battle between the SEC and ripple continues, both sides are actively fighting for the truth. The most recent example of this was pro-Ripple lawyer Jeremy Hogan’s tweets accusing the regulator of blocking the lawsuit. Ripple filed a request to authenticate the voice recordings of SEC employees, including former Commissioner Robert Jackson. However, the commission did not acknowledge or deny the authenticity of the videos presented. The lawyer claims that the SEC is “playing games AGAIN” and that authentication is standard procedure and shouldn’t be that difficult. Hogan also urged Judge Torres to pay attention to these videos, especially the ones featuring Robert Jackson.

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