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Judge Denies Ripple Exec’s Motions to Dismiss SEC Lawsuit, 655 Million SHIB to Be Burned on March 15: Crypto News Digest by U.Today

Mon, 03/14/2022 - 16:10
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Valeria Blokhina
U.Today’s weekend news digest is already out, don’t miss this piece!
Judge Denies Ripple Exec’s Motions to Dismiss SEC Lawsuit, 655 Million SHIB to Be Burned on March 15: Crypto News Digest by U.Today
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Sometimes it is hard to keep up with the quick tempo of the crypto industry’s development. To keep you informed, U.Today has prepared the top four news stories from the past weekend.

Judge denies Ripple executives' motions to dismiss SEC lawsuit

Last Friday, the Ripple-SEC case yet again made headlines, as judge Analisa Torres denied Ripple CEO Brad Garlinghouse and co-founder Chris Larsen's twin motions to dismiss the regulator’s lawsuit. In addition, the judge also denied the SEC's motion to strike the fintech giant's "fair notice" defense. In his latest tweet, Garlinghouse described the "fair notice" ruling as a "huge win" for the defendants, though he left no comments on his failed motion to dismiss the lawsuit.

Ripple Moves to Strike Rebuttal Report on XRP Price Manipulation

140.7 million SHIB added to burn pot for March 15 event

The SHIB Super Store Twitter account has announced that they have prepared to add another huge amount of SHIB to the burn pot - 140,712,694 canine coins, or $3,159 in fiat equivalent. By now, the total amount of SHIB to be destroyed at the March 15 burn event equals roughly 655,216,510. Meanwhile, the shibburn team reported that according to etherscan, last Saturday, about 11.06 million tokens were shifted to dead addresses.

Shiba Inu Adds Nearly 200,000 Users Since the Start of 2022: Details

Peter Schiff says Paul Tudor Jones was wrong about Bitcoin

Peter Schiff, CEO of Euro Pacific Capital and a major Bitcoin critic, decided to explain to his Twitter followers why he believes billionaire Paul Tudor Jones was wrong about the flagship crypto, calling it the best inflation hedge. Schiff claims Bitcoin is not “the fastest horse in the race,” as the founder of Tudor Investment Corporation called it since, over the past year, BTC plunged by 37%, while gold, on the other hand, spiked by 12%.

Bitcoin's Dead-Cat Bounce to Be Over Soon: Peter Schiff Explains When He Expects It to Happen

Cardano creator explains when dApps will start growing

Charles Hoskinson, founder of the Cardano blockchain, has taken to Twitter to comment on the growth of the ecosystem. The reason why Cardano is far from catching up with other major “Ethereum killers” (Terra, BSC, Avalanche and Solana) in terms of total value locked (TVL) is that many dApps are waiting for the Vasil hard fork in order to benefit from pipelining. Named after Vasil Dabov, the late Bulgarian mathematician who was a prominent member of the Cardano community, the hard fork combinator (HFC) event is expected to take place this June.

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About the author

Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain.