Here are the top three stories brought to you by U.Today.
Here are the top three stories brought to you by U.Today.
The fall of altcoins is imminent, warns Samson Mow, advocate of ‘$1 million per Bitcoin’
Samson Mow, CEO of Jan3 known for his bold “$1 million per Bitcoin” prediction, recently took to Platform X to warn his followers about an imminent fall in altcoins. In his post, Mow highlighted how unsustainable altcoin gains are in contrast to Bitcoin’s strong performance, while also pointing out a notable difference in daily inflows between Bitcoin ETFs and other cryptocurrencies. The CEO then added that altcoins do not receive the same level of significant investment inflows as Bitcoin, making their profits precarious. Mow also drew attention to the astronomical market capitalization of altcoins like Solana compared to companies like MicroStrategy (MSTR), underscoring an imbalance in the market. The businessman therefore urges investors to be cautious amid the changing dynamics of the cryptocurrency market, remembering the risks associated with the pursuit of astronomical profits in the altcoin space.
Ripple’s legal fight with the SEC prepares with new deadlines
According a recent update provided by defense attorney James K. Filan, new deadlines for information on resources have been established in the ongoing legal battle between Ripple and the SEC. The updated schedule says the SEC’s opening brief is scheduled for March 22, Ripple’s opposition brief is due on April 22, and the SEC’s response brief is expected on May 6. As a reminder, in February, Ripple requested a one-week extension. for discovery related to remedies, move the deadline from February 12 to February 20; The extension was granted. Subsequently, on February 27, Judge Analisa Torres received a letter of motion from the SEC, represented by Jorge G. Tenreiro, requesting an additional extension to file a brief related to reparations. The regulator was seeking a full one-week extension for the completion of said briefing. The SEC’s motion for an extension of the deadline was granted in early March.
Craig Wright no Satoshi Nakamoto: UK court officially affirms
As it became known yesterday, March 14, British judge James Mellor ruled that Craig Wright it’s not satoshi nakamoto or the creator of the Bitcoin white paper. The judge described the evidence presented during the month-long trial as “overwhelming,” stating that he plans to draft a ruling outlining his conclusions, which would include the fact that Wright was not the creator of the Bitcoin system. This came as a result of a lawsuit filed by COPA (Crypto Open Patent Alliance) against Craig Wright, which began in 2021. In 2016, Australian computer scientist Wright proclaimed himself Satoshi. News of the judge’s ruling was also shared by Twitter co-founder and Bitcoin evangelist Jack Dorsey.
