The ongoing Ripple-SEC lawsuit has reached a crucial stage, with a decision from the judge pending and the case centring on whether Ripple’s XRP token is a security. National Geographic has made its debut in Non-Fungible Tokens (NFTs) by introducing its NFTs on the Polygon (MATIC) blockchain. Lastly, Snowfall Protocol (SNW) is set to launch soon, and is expected to bring massive returns for investors in the DeFi space. Join us as we delve deeper into these news regarding Ripple (XRP), Polygon (MATIC) and Snowfall Protocol (SNW).
Decision from judge pending in ongoing Ripple-SEC lawsuit
The ongoing legal dispute between Ripple (XRP) Labs and the US Securities and Exchange Commission (SEC), which has significant implications for the entire cryptocurrency industry, may soon reach a resolution.
In December 2022, there were rumors circulating on Twitter that the ongoing legal case between Ripple (XRP) and the SEC, which centers around whether the XRP token is an unlicensed security, may have been settled before the end of 2022. This speculation was fueled by a comment made during an “ask-me-anything” session with Cardano’s Charles Hoskinson, who stated that he had heard that the case against Ripple (XRP) could be resolved around December 15th. However, Hoskinson later clarified that this information was based on rumors, and not on any concrete evidence.
According to Brad Garlinghouse, the CEO of Ripple (XRP), the legal case between his company and the SEC may continue for another few months, potentially concluding in the first half of 2023. He also mentioned that Ripple (XRP) would be willing to consider a settlement if the SEC recognizes that XRP is not a security.
With a $1.7 billion trading volume over the past 24 hours, the current live Ripple (XRP) price is $0.42. In the past 24 hours, Ripple (XRP) has increased by 3.30%.
National Geographic has introduced its initial Non-Fungible Tokens on the Polygon (MATIC) blockchain
The launch of National Geographic’s first non-fungible token collection, in partnership with Snowcrash on the Polygon (MATIC) network, has met with significant criticism from some members of the Polygon (MATIC) and other cryptocurrency communities.
On Monday, National Geographic’s Instagram, Twitter, and Facebook accounts shared an image of a Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) with a caption that explained the concept of NFTs. The posts were intended to educate the magazine’s general audience about NFTs in preparation for National Geographic’s NFT drop on the Polygon (MATIC) network.
With a $470 million trading volume over a day, the current live Polygon (MATIC) price is $0.99. In the previous 24 hours, Polygon (MATIC) has decreased by 3.32%.
Launch of Snowfall Protocol (SNW) is anticipated to yield enormous profits
Snowfall Protocol (SNW) is a highly promising cryptocurrency. Despite the bear market, Snowfall Protocol (SNW) has achieved significant gains. The protocol has been gaining attention since last year, with the first and second presale stages of its SNW tokens selling out. To date, Snowfall Protocol (SNW) has sold over 250 million tokens, and the demand for the token appears to continue at a steady pace.
A day before schedule, Snowfall Protocol’s (SNW) Phase 2 was a resounding success, raising more than $3 million and selling over 100 million tokens. Snowfall Protocol (SNW) facilitates the transfer of assets between more than 200 EVM and non-EVM networks by creating a secure, canonical token bridge. For the transfer of NFTs, the dApp additionally offers a swap and wrap system.
Final Words
In conclusion, the cryptocurrency industry continues to evolve with developments such as the ongoing Ripple-SEC lawsuit highlighting the legal challenges facing the industry, while National Geographic’s entry into the NFT market on Polygon (MATIC) blockchain demonstrates the growing mainstream adoption of this technology. On the other hand, Snowfall Protocol’s (SNW) upcoming launch has investors excited for the potential returns it could bring.
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