XRP Global Takeover Begins NOW (EWT Secret Alt Coin Partnership)

Posted 4 mins ago | by Catoshi Nakamoto

XRP is one of the top coins in all of crypto, and after a week which saw it go on a rally of almost 60% in 7 days, it looks like this could just be the warmup. Today, we’ll be checking in on the case between the SEC and Ripple Labs, as well as diving into some major developments that could spell the hottest XRP summer since records began.

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Let’s get it!

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XRP has been on a tear this week, smashing through key resistance at around $1.10, shooting up to a recent high of $1.35, before coming down to successfully test support. You clearly don’t need a PhD in technical Analysis to see that it’s looking bullish and ready for the next leg up. And if you are keeping score, you’ll know that the good news just keeps on coming for XRP. Not so much for the SEC. Yep, this very second in New York City, Gary Gensler’s attack dogs are scrambling to gain the upper hand in a case which seems to be running away from them. First we saw the them submit a request for Ripple to hand over ‘terabytes’ of Slack messages as potential evidence. Then Ripple countered by filing a motion compelling the SEC to produce their own internal memos. Meaning that fact discovery is now going down to the wire in a nail-biting season finale.

On Monday, Ripple’s attorneys responded with a letter to judge Netburn outlining why ‘The SEC’s overbroad request is extraordinarily burdensome and highly disproportionate, especially in light of the massive amounts of legal discovery already produced.’ That’s no understatement. Over a two and a half year investigation, the SEC have been given access to a huge number of documents, information, and testimony. They’ve issued 126 RFPs and 56 third-party subpoenas. Ripple on their part have collected over 11 million documents, worth nearly 10 terabytes of data, and produced over 165,000 for inspection. Which is on top of the 240,000 the SEC have acquired from third parties. That’s basically the long way of saying the SEC are scraping the barrel at this point. And it’s not a great look for cartel stooge Gary Gensler.

In a recent video update, the XRP Army’s unofficial head of legal affairs, Jeremy Hogan, described this as Hell Week for both parties, and he expects things to move pretty quickly given the fact discovery deadline is on August 31st. This guy knows his stuff: he’s not just an XRP friendly lawyer, he even specializes in traffic accidents. Which makes him a perfect analyst for the ongoing trial, since the SEC’s whole approach is playing out like a slow-motion car crash. He also explained why this last-minute request showed a desperate change in strategy, namely because they’re specifically requesting Slack communications from Ripple’s marketing team. Since it looks like they can’t win the securities argument from a technical standpoint, their new tactic is to focus on how XRP was advertised. Whether they sold what WASN’T a security and it made to LOOK like a security. Typical government double-speak.

But the case continues. And if recent price action is a reflection of growing sentiment among some pretty big whales, then XRP could be getting ready to make some major moves to the upside. Speaking of sentiment, data from Santiment shows that XRP development recently shot up to an all-time high, with XRPL submitting the highest rates of Github activity ever seen. Big shoutout to XRPCryptowolf for sharing this on Twitter. But remember that even if you aren’t in the BitSquad we welcome everyone. All you have to do is smash the like button and hit the subscribe button and then BOOM. BitSquad. You’re in the know on the latest in crypto.

Now onto a story beginning all the way back in September 2020, with this article from… I feel sick just saying it… Coindesk. “Energy Web Is Starting With Ripple in its Bid to Make Crypto Green.” Now I don’t think anyone would disagree that carbon-neutral blockchains would be a good thing for everyone involved. And from the point of view of the crypto space alone, environmental concerns are one of the top methods of attack from lawmakers, so neutralising it ASAP makes a lot of sense. Especially for a company like Ripple, who are ‘banking’ on collaboration with governments and institutions subject to Environmental Sustainability Goals, also known as ESG. But when it comes to Energy Web and it’s EWT token, well, guess who’s the man behind the curtain. Only the 6th richest, and 13th oldest man in the world, Warren Buffet.

Famous for his track record of investment foresight, Buffet also has a reputation as a crypto skeptic, even once calling it ‘rat poison squared’. This comes in spite of rumours from concerned staff at Berkshire Hathaway that he’s recently been spending up to 18 hours a day in his study, glued to Axie Infinity and flipping NFTs. Just kidding. He obviously doesn’t know how to use a computer. Anyway, he may not love crypto, but he’s way too smart not to gain some roundabout exposure. Which is why he’s heavily invested not just in Energy Web but also Nubank, a Brazilian bank offering customers access to a Bitcoin ETF, with plans for an IPO by the end of 2021.

So what is Energy Web? And what does it have to do with XRP? Energy Web is basically seeking to harness the power of blockchain to accelerate ‘low-carbon, customer-centric electricity systems by enabling any energy asset owned by any customer to participate in any energy market.’ In short, bringing open sourced blockchain technology and Ethereum-based smart contracts to the energy sector. That involves everything from community solar initiatives to Renewable Energy Certificates running smart contracts, allowing them to be bought and sold automatically and in real time. It also comes with a native EWT token as well as the ERC20-bridged EWTB, and is expected to be made available for staking in the near future. As for their affiliate ecosystem? Well it’s full of seriously major players. I’m not just talking Ripple here but also companies like Shell, EDF, and EON to name but a few.

The point is this – here’s how the solar turbines are turning. Blockchain integration with the energy sector, especially the deployment of financial instruments like Renewable Energy Credits or RECS and Carbon Credits, is going to be a huge, huge deal. Last year alone saw the global carbon market surge to $227 billion, and it’s highly unlikely to slow down any time soon. Say what you want about Carbon Credits but they’re fast becoming a de facto currency in big business. And here’s the thing. I’ve said it before but it’s worth reiterating: sometimes the smart move is betting against the horse you want to win the race. That way, if they do, then at least you can buy a Lambo to numb the pain. And besides, who went broke investing in Warrant Buffet?

But my sources have clued me in to the next big development in this new carbon economy. A little known consortium of blockchain companies have banded together in a group called the Crypto Climate Accord. You’ll notice that Energy Web is on the homepage. But move on to the list of supporters and you’ll see Ripple Labs at the very top of the list. This IS NOT a coincidence. Ripple has already started positioning themselves as the defacto green crypto and are deeply embedded with the main movers of the Carbon Economy. They even have a carbon calculator on the XRP Ledger website.

A recent article from IBM’s Blockchain Pulse put the tokenization of Renewable Energy Certificates front and center. ‘Currently, the seller of a REC could be outside the region or country the enterprise is from. The enterprises then use the RECs to offset their carbon footprint and comply with regulations. But in the case of international trading, despite the carbon offset allowing enterprises to fulfill their obligations, RECs do not ensure the energy consumed have all come from renewable energy sources’. As anyone who knows anything about provenance knows, blockchain fixes this. It’s digital proof of ownership. Hence the PROVENANCE of a carbon credit is easier to prove and thus…buy or sell. And given the ‘interest and focus from shareholders and employees for organizations to reduce overall carbon footprint, monitor and report the progress towards ESG’, there’s a crystal clear use-case here in terms of boosting adoption. So what we’re starting to see is a trend of self-funding ecosystems using blockchain solutions to tokenize these energy certificates. The article puts it well: a tokenized certification unit would be like what the container did for the shipping industry.

Here is how this is all going to come together in the next 12 months. The research team has discovered that the Australian government is going to be partnering with XRP and Energy Web to sell tokenized carbon credits on an XRPL marketplace. Details are still coming in but I have no reason to doubt it. Australia has been very vocal about it’s commitment to the new Carbon Economy and even have a carbon credit exchange already set up. Ripple has made a lot of progress setting itself up in the APAC region over the past year, so getting the Aussies linked up with crypto is well within their wheel house. XRP Global takeover has moved out of phase one and is starting phase two. That means that there is more explosive Ripple news that going to be coming out. And even more explosive price action for XRP.

That’s all I got. Be Blessed. BitBoy Out.

Source: https://thebittimes.com/xrp-global-takeover-begins-now-ewt-secret-alt-coin-partnership-tbt1677.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Cryptocurrency News

Post by: TheBitTimes.com