Precio de RefinableFINE

What are Gold-Backed Stablecoins? These are digital assets designed to have their value tied to the price of gold.   The idea is to combine the stability of gold with the efficiency and accessibility of cryptocurrencies.   Each token typically represents a specific amount of physical gold, which is held in reserve by the issuing company Examples: Tether Gold (XAUT): This is one of the more well-known gold-backed stablecoins.   Each XAUT token represents one troy ounce of fine gold stored in vaults in Switzerland. Paxos Gold (PAXG): Similar to XAUT, PAXG is also designed to represent one troy ounce of London Good Delivery gold bar.   The gold is held in vaults, and Paxos is a regulated trust company.   Kinesis Gold (KAU): This crypto currency is backed by one gram of fine gold.   Kinesis emphasizes the ability to use KAU as a form of spendable money. Key Considerations: Verification of Reserves: It's crucial to ensure that the issuing company provides transparent and verifiable audits of their gold reserves. Regulation: The regulatory landscape for stablecoins, including gold-backed ones, is evolving, so it's important to be aware of the applicable regulations.   Security: As with any cryptocurrency, security is a concern. You should use reputable wallets and exchanges. Gold-backed stablecoins aim to offer a less volatile alternative to traditional cryptocurrencies, providing a digital way to own and trade gold note : One troy ounce = (approx.) 31.103 grams. disclaimer : don't agree with me do your investment at your own research and risk.

Top crypto analyst Dan Gambardello has stirred the community with a bullish forecast, suggesting that both Cardano (ADA) and XRP could reach $10 in this market cycle. Taking to X, Gambardello stated , “Cardano and XRP seem like they both may hit $10 this cycle,” adding, “That would be fine with me.” While the statement sparked enthusiasm from some, others questioned the feasibility of such a massive price surge. One user, “T,” replied, acknowledging Gambardello’s optimism about XRP and ADA. However, he argued that “those are some wild numbers.” T went on to say that market cycles are more about fundamentals than price targets. Related: ADA Trading Volume Explodes, Whales Pile In: ADA Price Surge to $2 Around the Corner? Gambardello countered the skepticism by drawing a comparison to Ethereum’s past performance. He pointed out that a $10 ADA price would put Cardano’s market cap at approximately $350 billion. According to him, this massive cap wouldn’t be unreasonable, given that Ethereum reached a $500 billion market cap in the last cycle. Moreover, he argued that while Ethereum hit half a trillion dollars in the previous cycle, its technology “does not even come close to Cardano,” dismissing the $10 price target for ADA as unrealistic. However, the critic countered that price targets should not be based on historical market cap trends but on the actual expansion of blockchain fundamentals. “Fundamentals drive the narrative, not arbitrary market caps,” T responded. Notably, ADA is trading at $0.7114 at press time. Reaching $10 would require an astonishing growth of 1,305%. Cardano’s ability to achieve this magnitude of growth is under question, as its yearly trajectory shows a gain of only 14.66%. Moreover, at its current price, Cardano is trading a staggering 77% below its all-time high of $3.10 from the last cycle. Related: Expert Weighs in on XRP $100 Outlook: Can It Reach Triple-Digit Value? Meanwhile, XRP would require a less dramatic price rise to hit the $10 mark, as it is currently trading at $2.40. Specifically, XRP needs to grow by about 316% to reach $10. Notably, XRP is also below its all-time high of $3.84, trading roughly 37% lower. However, XRP boasts an impressive yearly gain of 288%. It’s also worth noting that if XRP were to reach $10, its fully diluted market capitalization would reach a staggering $1 trillion. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The long-standing litigation war between Ripple and the U.S. Securities and Exchange Commission (SEC) is yet to come to an end, with the regulatory agency recently dropping several high-profile crypto cases. The lengthy litigation has been subject to much speculation with some analysts pointing to the possible intention of Ripple to slow down settlement talks for a better deal. Lawyer James Murphy, who is also MetaLawMan on social media site X, has proposed that Ripple is in negotiations with the SEC to have major decisions in the case overturned. His thesis is based on Judge Analisa Torres’ ruling, which, although helpful in some ways, also convicted Ripple of breaking securities laws. The verdict was accompanied by some injunctions that may hamper Ripple’s future ability to make securities offerings or an IPO, as well as the increasing chances of an XRP ETF approval in 2025, as reported earlier. Murphy surmises that Ripple is using the ongoing process to negotiate for changes in the court’s conclusions prior to settling for a final settlement. “It’s highly possible that Ripple may be dragging out the lawsuit to try and buy more time to negotiate a better deal with the SEC,” he said. He feels the SEC would be amenable to a solution where both sides withdraw their appeals, and Ripple pays its $125 million fine. From his viewpoint, though, the party delaying is not the regulatory commission but Ripple. Conversely, attorney Fred Rispoli has a different opinion. He argues that the delay is on the part of the SEC and not Ripple. In earlier remarks, Rispoli intimated that the commission’s reluctance to seal the settlement could be due to internal issues regarding amending the financial penalty imposed on Ripple. Rispoli quoted SEC commissioners Mark Uyeda and Hester Peirce as not wanting to own the job of amending Ripple’s $125 million penalty. “My best guess is that, given the $125M judgment, that is real money that Uyeda and Pierce do not want to have responsibility for modifying,” he stated in an X post published on February 25. He went on to suggest that the delay might be the result of no desire to take an unpopular decision, which he characterized as an act of “cowardice.” Regardless of the disagreement on who is responsible for the delay, both legal analysts appear to concur on one point: the case is drawing to a close, as highlighted in our previous story. Murphy puts the possibility of the issue being resolved prior to April 16, the deadline for Ripple’s last appeal brief, while Rispoli anticipates a dismissal within the next few months.

Foreigners just dumped U.S. Stocks at the 3rd fastest pace in history 🚨 Probably Fine?

SEC drops appeal against Ripple $XRP, but legal battle continues The U.S. Securities and Exchange Commission (SEC) has agreed to withdraw its appeal against Ripple, pending Commission approval, according to former Fox Business reporter Eleanor Terrett on X. The decision means Judge Torres' August ruling, which found that Ripple’s programmatic XRP sales did not violate securities laws, remains in place. However, Ripple has not dropped its own appeal challenging the $125 million fine and the injunction restricting XRP sales to institutional investors without SEC registration. Sources suggest the next move is in Ripple’s hands, as the company could either continue appealing the fine and injunction or choose to drop the case. It remains unclear whether the SEC will seek further negotiations regarding the district court ruling. If the appeal withdrawal is approved, the SEC will no longer actively pursue charges against Ripple, bringing a four-year legal battle closer to an end.