Good morning! If you regularly keep an eye on Crypto Insiders, you know that the crypto news never stands still. Developments follow at a furious pace and so you can sometimes miss the overview. That is why we list the most important news for you every morning. In this edition you will find interesting ripple news, the bitcoin mining difficulty that has dropped considerably and news that may have an impact on Dogecoin.
Ripple lawsuit enters final phase
The Ripple lawsuit has been going on since 2020. The fate of XRP seems to depend largely on the verdict of the judge in this case. If the court determines that XRP is a security in the United States, then it will be the end of the story for Ripple in America at least. However, if Ripple is right, this could have major consequences for the rest of the crypto sector as well.
Yesterday you could read in the crypto news that the lawsuit has entered the final phase. Ripple has submitted the latest documents. It is not clear when an actual verdict will follow exactly. That may take a while yet.
Bitcoin mining difficulty drops
Then striking bitcoin news. After a period in which the computing power of the network continued to increase, that party has now come to an end. The difficulty has fallen by no less than 7.3%, the largest decline since July 3, 2021.
It is likely that the low bitcoin price will make it increasingly difficult to turn a profit. Miners therefore mainly turn off old, inefficient machines. The difficulty is an automatic mechanism that balances the network to ensure the security of transactions.
Twitter’s own crypto, effect on dogecoin?
Finally, the rumors about Twitter’s own crypto! The social media platform was acquired this year by none other than Elon Musk; billionaire, Tesla CEO and the ‘Dogefather.’ As a fan of dogecoin, DOGE holders eagerly await more information on whether Musk will integrate the crypto with the platform.
So that is not the case at the moment. There are rumors that a “Twitter Coin” is on the way. That is of course already a step towards the implementation of crypto, so DOGE reacted yesterday with an increase of 7.5%.
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