Hodler’s Digest, Nov. 2 – 8 – Cointelegraph Magazine
The post Hodler’s Digest, Nov. 2 8 Cointelegraph Magazine appeared com. Top Stories of The Week Ripple rejects IPO plans despite SEC case victory: Here’s why Ripple, the US blockchain company behind the XRP cryptocurrency, will not pursue an initial public offering following the conclusion of its years-long legal battle with the US Securities and Exchange Commission. Ripple president Monica Long said the company has no plans or timeline for an IPO, according to a Bloomberg report on Wednesday. “We’re in a fortunate position where we’ve been able to be very well capitalized and fund all of our organic growth, inorganic growth, strategic partnerships, anything we want to do,“ Long said. Ripple’s decision to forgo an IPO ends years of speculation, after multiple executives had hinted at one. The company was hit with a $1. 3 billion SEC lawsuit in late 2020. Bitcoin bull run hasn’t started yet: Jan3’s Samson Mow Samson Mow, the CEO and founder of Bitcoin technology infrastructure company Jan3, argues the Bitcoin bull run is yet to begin, as Bitcoin fell to just under $100, 000 earlier this week. “The Bitcoin bull run hasn’t started yet. We’re just marginally outperforming inflation at this price range,” he said on Wednesday. Bitcoin and the broader cryptocurrency market continued to slump this week, with analysts attributing the decline to trade tensions between the US and China, as well as other macroeconomic factors. Bitcoin selling intensified on Tuesday, and CoinGecko data shows the price dipped to $99,607 on Wednesday. However, Mow, in a series of bullish X posts, predicted the market still has plenty of upside on the horizon as Bitcoin continues to outperform the US inflation rate of 3%. FBI can’t be blamed for wiping hard drive with $345M BTC, say judges A man convicted of identity theft, who claims his hard drive with over 3, 400 Bitcoin was seized and wiped by.