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Let’s check out what were the most important news and trends on the crypto market in October.
These were the most important developments in crypto in October 2023.
The US Securities and Exchange Commission (SEC) dropped charges against Ripple’s CEO Brad Garlinghouse and Executive Chairman, Chris Larsen, after a nearly three-year long court case. The Ripple executives were accused of violating securities laws and conducting unregulated XRP transactions, specifically that Ripple’s sale of XRP was an unregistered securities offering. The SEC has also renounced the right to file the same charges against Ripple executives ever again. This is huge news for XRP investors because it lifts a high degree of uncertainty that surrounded XRP during the last few years and could potentially have a quite positive impact on the project’s performance.
Everyone in the crypto industry is closely monitoring the Bitcoin price as a key indicator of the market’s overall direction, and the BTC price has just gone crazy in October. BTC started the month at 27,000 USD and went on a rollercoaster of ups and downs to nearly 35,000 USD. Is the bull market here? No one can tell that for sure, but crypto social media accounts and analysts are engaged in fierce discussions about the next price moves of BTC, and it’s definitely time to pay extra attention to the price swings of the crypto market leader.
October has seen multiple high-profile crypto events, but none compare to the prestigious European Blockchain Convention, which is one of the largest blockchain events in Europe. The convention gathered over 5000 attendees and 300+ speakers from the most prominent global blockchain companies, including startups, coin developers, Web3 innovators, and cryptocurrency exchange platforms, with zondacrypto being among the participants. zondacrypto’s CEO Przemyslaw Kral delivered a keynote about crypto regulations, while Guido Buehler, non-executive board member participated in a panel discussion about the future of crypto payments.
Avis de non-responsabilité
Ce contenu ne constitue pas un conseil d'investissement, un conseil financier, un conseil de trading ou tout autre type de conseil et ne doit pas être considéré comme tel ; zondacrypto ne recommande pas d'acheter, de vendre ou de posséder une quelconque crypto-monnaie. Investir dans les crypto-monnaies implique un niveau de risque élevé. Il existe un risque de perte des fonds investis en raison des variations des taux de change des crypto-monnaies.