Litecoin, Ripple and AXS news- The Cryptonomist

A look at the three crypto projects, latest news and prices: Litecoin (LTC), Ripple (XRP) and Axie Infinity (AXS).

Today we are going to analyze three cryptocurrencies that are very important in the industry, focusing on prices, market statistics, and the latest news that may have affected crypto trends.

Price analysis of crypto assets Litecoin, Ripple and AXS

The last 30 days of Litecoin have been decidedly positive, although the crypto in the last week seems to have fallen by 4%, overall the last month has seen the value of Litecoin rise by 31.36%. LTC is currently priced at $91.97.

Taking a look at market statistics, we see a market capitalization of $6.7 billion, with a trading volume of $568.3 million.

The outstanding supply of LTC tokens is 72.7 million, with an average holding time of 103 days. The cryptocurrency is in the number 10 position in the popularity ranking.

Continuing with Ripple, the XRP token project in the past 30 days has also performed very well. In fact, the cryptocurrency has increased its value by 38.57% in the past month, closing its price at $0.51.

Its market capitalization is $26.2 billion, with a trading volume (24 hours) of $1.2 billion.

The circulating supply is 51.7 billion XRP.

The worst performance of the three projects is delivered by Axie Infinity. But despite being the worst, it still closes the month on a positive note, up 14.08% in 30 days.

Axie Infinity’s market capitalization is $972.2 million, with a daily trading volume of $53.7 million.

The circulating supply is 115.9 million AXS tokens with an average storage time of 37 days. This cryptocurrency is in the number 39 position in popularity. The price of AXS is $8.67.

Litecoin Core update

The Litecoin Network recently announced that a major release of Litecoin Core is just around the corner. According to developer David Burkett, this release will include several new features, including PSBTs, P2P support for lightweight clients, and View Keys.

PSBTs, or Partially Signed Bitcoin Transactions, are features that will provide hardware support for MWEB, the privacy-enhancing technology being implemented on the Litecoin network.

This technology will allow users to store their Litecoin in a more private and secure way than ever before. The addition of PSBTs to the Litecoin Core will make it easier for hardware wallet manufacturers to add support for MWEB.

Another feature that will be included in the next version is P2P support for lightweight clients. This will make it easier for users to access the Litecoin network from mobile devices and other user-friendly wallets.

With P2P support, light clients will be able to verify the validity of transactions without having to rely on a centralized server.

View Keys is another key feature that will be supported in the next version. View Keys will allow users to create “watch-only” wallets, i.e., wallets that can only view the balance and transaction history of an address, without being able to spend coins.

This feature will be particularly useful for users who wish to keep track of their Litecoin holdings without putting their security at risk.

Overall, the upcoming release of Litecoin Core promises to bring several new features that will make the network more private, secure, and easy to use than ever before.

With the addition of PSBTs, P2P support for lightweight clients, and View Keys, users will have more control over their Litecoin holdings, and it will be easier for hardware wallet manufacturers to integrate support for MWEB.

The Litecoin community looks forward to the release of this new version, which is expected to be deployed in the coming weeks.

Attorney Jeremy Hogan speaks further on the Ripple vs SEC lawsuit

As the lawsuit between the SEC and Ripple reaches its final stages, industry experts have commented on the developments so far.

One such expert is Jeremy Hogan, partner at Hogan & Hogan, who argued that the SEC failed to establish the basis for its decision to classify XRP as a security.

Hogan’s argument centers on the definition of an investment contract, which is a key element in the SEC’s classification of XRP. According to Hogan, the SEC was unable to prove an “implicit and explicit investment contract” between Ripple and its customers, which is necessary to classify XRP as a security.

Hogan’s argument is supported by the fact that XRP has been around for several years and has been used by many companies and individuals as a means of payment. In addition, Hogan notes that Ripple has not offered any guarantee of profit to its customers, nor has it given them any rights or interests in the company itself.

Hogan’s views were echoed by other industry experts who criticized the SEC’s classification of XRP as a security. These experts argue that the SEC’s decision is based on outdated regulations that do not take into account the unique characteristics of digital assets such as XRP.

The ongoing lawsuit between the SEC and Ripple/XRP has important implications for the entire cryptocurrency industry.

If the SEC’s classification of XRP as a security is upheld, it could set a precedent for future regulation of other cryptocurrencies.

On the other hand, if the court rules in favor of Ripple, it could lead to greater clarity and certainty for the entire industry.