xrpvictory

According to CoinDesk, a federal judge has imposed a $125 million fine on Ripple after determining that its institutional sales of XRP violated federal securities laws. District Judge Analisa Torres of the Southern District of New York issued the penalty following her finding that 1,278 institutional sale transactions by Ripple breached securities regulations. This fine is significantly lower than the $1 billion in disgorgement and prejudgment interest and $900 million in civil penalties initially sought by the SEC.The judge reiterated her stance that Ripple's programmatic sales of XRP to retail clients through exchanges did not violate federal securities laws. The SEC's attempt to appeal this part of the ruling was unsuccessful during the case proceedings. In addition to the fine, Judge Torres imposed an injunction against future securities law violations by Ripple. She noted that while she is not making a judgment that Ripple has violated any laws since the SEC filed its lawsuit, the company's actions suggest a likelihood of future violations.The injunction requires Ripple to file a registration statement if it plans to sell any securities in the future. The SEC is expected to appeal the July 2023 ruling now that the judge has imposed a sentence, following the denial of the SEC's motion for an interlocutory appeal last year. The SEC and Ripple had previously settled charges related to CEO Brad Garlinghouse and other executives after the interlocutory appeal was denied. Following the judgment, the price of XRP saw a slight increase, rising by 3 cents or approximately 2%.

One of the most common questions newcomers to the crypto space ask is, "Where should I start investing?" It's easy to feel overwhelmed, especially after hearing success stories of people making significant gains from specific coins and seeing crypto influencers promise high returns on certain investments. With the sheer number of cryptocurrencies available—and more being launched every day—it's no surprise that confusion sets in.

Let’s clear up some misconceptions. First and foremost, as a newbie in the crypto space, you need to let go of the idea that you'll become a millionaire overnight. While it's possible to make substantial gains in crypto, it's far from guaranteed. Avoid jumping into Futures Trading or high-risk, speculative trading just because your friends claim it's profitable. While there are opportunities to make millions, the risk of losing everything is just as high.

Additionally, don't chase every meme coin hoping to turn $10 into $1,000 or $100 into $10,000. While some meme coins have indeed skyrocketed, finding one with real potential is extremely rare, and the pursuit often leads to significant financial loss.

As a beginner, it's wise to invest in more stable and less risky cryptocurrencies. These may not offer the astronomical returns that some speculative coins promise, but they will help preserve your capital, provide modest profits, and give you the chance to understand the crypto industry better. The goal is to grow your initial investment steadily and safely, which will then allow you to explore riskier ventures with the profits you’ve earned.

So, what types of cryptocurrencies should you consider? Focus on Blockchain/On-chain based cryptos and Ecosystem cryptos. These are foundational assets in the crypto space, having taken years to build and develop, often with substantial capital investment. They serve as the bedrock for other tokens, meaning their success is crucial to the broader ecosystem. If you invest in ten of these, it’s likely that at least eight will succeed, making them relatively safe bets.

While these cryptos may not deliver massive short-term gains, they offer additional ways to earn, such as airdrops or staking rewards. This means you can generate income not only from price appreciation but also from participating in the network.

Here’s a list of some Blockchain-based cryptos worth considering:
1. $BTC (Bitcoin)
2. $ETH (Ethereum)
3. $BNB (Binance Coin)
4. $SOL (Solana)
5. $TON (Toncoin)
6. $OP (Optimism)
7. $ARB (Arbitrum)
8. $SUI (Sui)
9. $SEI (Sei Network)
10. $KAS (Kaspa)
11. $MATIC (Polygon)

Lastly, it’s often better to focus on newer projects rather than older, more established ones. Newer cryptos can sometimes offer better opportunities for growth, especially if you catch them early.
#TONonBinance #XRPVictory #MarketDownturn #SahmRule #BinanceTurns7