Anonymous Threatens Musk Over Bitcoin Manipulation And XRP Countersues SEC

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Last Updated on 6 June 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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If we look at the charts over at CoinMarketCap we notice this morning that Bitcoin has moved 1% in the past week and have to admit that there are tech stocks with more excitement than this.

Although the biggest cryptocurrency still misses out on breaking the illustrious $40k mark, which it needs to go back up significantly, the fall seems to have stopped. Trading in a $30-$40k range could become a whole summer thing then if we don’t see some momentum soon.

Meanwhile Ether is having a better time, posting a gain of some 12% over the past week and refusing to break under the $2.3k mark. Vitalik Buterin’s coin is still up more than 200% so far this year.

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Anonymous threatens Musk

Hacker collective Anonymous (We are legion! We are anonymous!) released a video in which it threatens to spill the beans on Tesla boss Elon Musk over his manipulation of the Bitcoin price which they claim is ruining people’s lives.

YouTube video

The video, posted on June 5, is quickly getting millions of views on YouTube and is entitled, Anonymous message to Elon Musk. YouTube keeps deleting the original and it is being uploaded by others as copies at lightning speed.

XRP Countersues SEC

Lawyers representing Ripple Labs have filed a motion on behalf of board members Brad Garlinghouse (who earlier this week started following Mr. Whale) and Chris Larsen asking that the SEC would produce the internal documents which should show to the court why XRP is viewed differently from other cryptocurrencies like Bitcoin and Ether.

The SEC versus Ripple case has been going on for months with no end in sight. With a judge that can be seen as being sympathetic to their cause, as of late the lawyers representing XRP have started to meet the SEC on its own terms, asking them to produce documents that make or break their case.

When the SEC warned it would sue XRP in open court back in December of 2020, the price of the cryptocurrency plummeted and many analysts believe that if Ripple labs would be successful in it’s case (or even be able to find a settlement), the value of XRP could skyrocket as a result as it has largely missed out on the crypto bull run of 2020-2021.