{"id":375170,"date":"2019-03-18T18:00:44","date_gmt":"2019-03-18T18:00:44","guid":{"rendered":"https:\/\/wncen.com\/?p=375170"},"modified":"2024-06-11T21:03:04","modified_gmt":"2024-06-11T21:03:04","slug":"ripple-xrp-cto-existing-security-laws-vague-hinders-development","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-cto-existing-security-laws-vague-hinders-development\/","title":{"rendered":"Ripple (XRP) CTO: Existing Security Laws Vague, Hinders Development"},"content":{"rendered":"<ul>\n<li><em>Ripple prices stable below 34 cents<\/em><\/li>\n<li><em>Security laws relating to blockchain still fuzzy says, David Schwartz<\/em><\/li>\n<li><em>Transaction volumes shrinking as prices consolidate<\/em><\/li>\n<\/ul>\n<p><em>David Schwartz, the CTO of Ripple Inc, believes that existing security laws are vague and are therefore a hindrance. Even so, he is confident and comfortable that Ripple (XRP) is a utility and security laws don\u2019t apply. Perhaps this would help support prices and eventually firm the ground in readiness for higher highs.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<h3>Fundamentals<\/h3>\n<p>In an unregulated space of which blockchain applications are supposed to flourish in, the entry of regulators or third parties do slow down innovation but for good reasons.<\/p>\n<p>By design and according to the original blueprints as laid out by Satoshi Nakamoto, the network should be completely decentralized with no point of weakness and high reliability. It is these properties that define blockchain. Unfortunately, this is where Ripple Inc critics have their reservations with XRP, the native currency of the XRP Ledger, questioning whether the coin has all the hallmarks of a utility token.<\/p>\n<p>However, it is the never-changing position of Ripple Inc officials that is remarkable. Maintaining the same stance, David Schwartz strongly believes that XRP is not a security. While speaking at the SXSW Conference, the renowned coder said:<\/p>\n<blockquote><p><em>\u201cSecurity law has not changed concerning blockchain technology\u2026 the SEC recently has talked about how they are going to think about how these tokens meet security laws. However, they haven\u2019t given a black and white test. They\u2019ve given a test, but it\u2019s filled with vague terms.\u201d<\/em><\/p><\/blockquote>\n<h3>Candlestick Arrangement<\/h3>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-375171\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Daily-Chart-Mar-18.png?resize=1280%2C1024\" alt=\"\" width=\"1280\" height=\"1024\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Daily-Chart-Mar-18.png?w=1280 1280w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Daily-Chart-Mar-18.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Daily-Chart-Mar-18.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Daily-Chart-Mar-18.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Daily-Chart-Mar-18.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/03\/Ripple-Daily-Chart-Mar-18.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Perched at third, XRP prices are stable and consolidating inside a 4 cents channel. As emphasized in previous <a href=\"https:\/\/wncen.com\/2019\/03\/17\/the-4-cents-channel-stalling-ripple-xrp-advancement\/\" target=\"_blank\" rel=\"noopener noreferrer \">XRP\/USD price analysis<\/a>, we maintain a neutral position on the third most valuable coin.<\/p>\n<p>Although we are bullish, it is after prices close above 34 cents\u2014which is our buy trigger line\u2014at the back of above average volumes, that risk-off, aggressive type of traders can begin fine-tuning and ramping up in lower time frames with first targets at 40 cents.<\/p>\n<p>On the other hand, if XRP prices collapse below 30 cents then we shall cancel our trade plan. In that undesired case, it is likely that prices will tank towards 25 cents further fueling asset sell-off.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Trade averages stand at 15 million\u2014after yesterday\u2019s close. Because we are bullish, gains above 34 cents must be complete with high volumes exceeding 15 million averages or 61 million of Feb 24.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple prices stable below 34 cents Security laws relating to blockchain still fuzzy says, David Schwartz Transaction volumes shrinking as prices consolidate David Schwartz, the CTO of Ripple Inc, believes that existing security laws are vague and are therefore a hindrance. Even so, he is confident and comfortable that Ripple (XRP) is a utility and security laws don\u2019t apply. Perhaps this would help support prices and eventually firm the ground in readiness for higher highs. Ripple Price Analysis Fundamentals In an unregulated space of which blockchain applications are supposed to flourish in, the entry of regulators or third parties do slow down innovation but for good reasons. By design and according to the original blueprints as laid out by Satoshi Nakamoto, the network should be completely decentralized with no point of weakness and high reliability. It is these properties that define blockchain. Unfortunately, this is where Ripple Inc critics have their reservations with XRP, the native currency of the XRP Ledger, questioning whether the coin has all the hallmarks of a utility token. However, it is the never-changing position of Ripple Inc officials that is remarkable. Maintaining the same stance, David Schwartz strongly believes that XRP is not a security. While speaking at the SXSW Conference, the renowned coder said: \u201cSecurity law has not changed concerning blockchain technology\u2026 the SEC recently has talked about how they are going to think about how these tokens meet security laws. However, they haven\u2019t given a black and white test. They\u2019ve given a test, but it\u2019s filled with vague terms.\u201d Candlestick Arrangement Perched at third, XRP prices are stable and consolidating inside a 4 cents channel. As emphasized in previous XRP\/USD price analysis, we maintain a neutral position on the third most valuable coin. Although we are bullish, it is after prices close above 34 cents\u2014which is our buy trigger line\u2014at the back of above average volumes, that risk-off, aggressive type of traders can begin fine-tuning and ramping up in lower time frames with first targets at 40 cents. On the other hand, if XRP prices collapse below 30 cents then we shall cancel our trade plan. In that undesired case, it is likely that prices will tank towards 25 cents further fueling asset sell-off. Technical Indicators Trade averages stand at 15 million\u2014after yesterday\u2019s close. Because we are bullish, gains above 34 cents must be complete with high volumes exceeding 15 million averages or 61 million of Feb 24.<\/p>\n","protected":false},"author":384,"featured_media":347588,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[3680,4531],"class_list":["post-375170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple (XRP) CTO: Existing Security Laws Vague, Hinders Development<\/title>\n<meta name=\"description\" content=\"Ripple prices stable below 34 cents Security laws relating to blockchain still fuzzy says, David Schwartz Transaction volumes shrinking as prices\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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Ngetich","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/73f4ad24aaf1d2abe0885846b798381a?s=96&d=mm&r=g","caption":"Dalmas Ngetich"},"description":"Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ripple (XRP) CTO: Existing Security Laws Vague, Hinders Development","url":"http:\/\/wncen.com\/news\/ripple-xrp-cto-existing-security-laws-vague-hinders-development\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple-xrp-cto-existing-security-laws-vague-hinders-development\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-alts5.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-alts5.jpg?fit=1200%2C600"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","xrp"],"dateCreated":"2019-03-18T18:00:44Z","datePublished":"2019-03-18T18:00:44Z","dateModified":"2024-06-11T21:03:04Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ripple (XRP) CTO: Existing Security Laws Vague, Hinders Development\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple-xrp-cto-existing-security-laws-vague-hinders-development\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple-xrp-cto-existing-security-laws-vague-hinders-development\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/techanalysis-alts5.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2018\\\/08\\\/techanalysis-alts5.jpg?fit=1200%2C600\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"xrp\"],\"dateCreated\":\"2019-03-18T18:00:44Z\",\"datePublished\":\"2019-03-18T18:00:44Z\",\"dateModified\":\"2024-06-11T21:03:04Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2018\/08\/techanalysis-alts5.jpg?fit=1200%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/375170"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=375170"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/375170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/347588"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=375170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=375170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=375170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}