The latest news on our DC Forecasts crypto news site show the blockchain payments network company Ripple and its recent announcement that shows it hired a former HSBC general counsel in order to oversee its legal services and compliance.
First shared in a press release on January 30th, the news shows that Stuart Alderoty will be in charge of the legal territory and the operations involving the cryptocurrency XRP within the company. The previous CIT at HSBC comes to Ripple in crucial times, when the company is facing a consolidated consumer lawsuit over the performance of its token, XRP.
As the CEO of Ripple Brad Garlinghouse stated when commenting Alderoty and his capabilities:
“As we continue to work with financial institutions and regulators across the globe to drive home the importance of fostering innovation while protecting consumers, I could not think of a better addition to Ripple’s leadership bench and our global legal team than Stuart. He brings a level of experience and expertise that will be vital in supporting not only Ripple’s growth but growth of the overall industry.”
Alderoty joins the blockchain firm from the financial institution CIT, where he served as an executive vice president, general counsel and corporate secretary.
Meanwhile, there is some controversy around XRP’s true market value, especially following the lawsuit that the company received.
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“Rug pull senses tingling. I managed to make it here up in $BTC, up in $USD. Going to keep it that way – tethering ~75% of my $crypto holdings. Playing with the rest. Maybe I get left behind, but I don’t think so.”Despite Bitcoin's increased dominance which now sits at its all-time high of 54.2%, the technical perspectives show that the great altcoin boom on the market is likely to produce a boost - and that the future altcoin news may show us a lot of new capital and confidence from investors. However, this altcoin boom is only possible if Bitcoin sees a strong upside movement and stabilizes above the crucial resistance levels. Currently, the daily spot volume of BTC is at around $580 billion which is still a big up since the first week of March - and a good sign that the great altcoin boom may be around the corner.
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