Ripple Assails the SEC, Claims the $1.3 billion Lawsuit is an ‘Attack on the Entire Crypto Industry Here in the United States’ | Altcoins Bitcoin News
Ripple has hit back at the U.S. Securities and Exchange Commission (SEC), accusing it of creating more uncertainty and failing in its duty to protect the crypto community. In panning the SEC’s decision to designate its XRP token as a security, the company claims the regulator’s lawsuit against it amounts to an attack on the entire crypto market in the US.
The latest comments by the Ripple team follow reports of the delisting of the XRP token by Coinbase. In a short statement released on December 29, the firm, which is promising another “response in a few weeks to address these unproven allegations against Ripple”, starts by claiming that the public and the media are currently only aware of the SEC’s narrative.
The Ripple team then assails the SEC’s $1.3 billion lawsuit against the company arguing that it has affected “innocent XRP retail holders.” Since the announcement of the lawsuit, the XRP token has now lost more than 50% of its value and the trend is set to continue as more exchanges delist the token. The Ripple statement explains:
We’ve always said that there is a dangerous lack of regulatory clarity for crypto in the U.S. — their lawsuit has already affected countless innocent XRP retail holders with no connection to Ripple. It has also needlessly muddied the waters for exchanges, market makers and traders.
Meanwhile, the Ripple team, whose executives have previously threatened to pull out of the United States, is also reiterating the assertion that the token is mainly traded outside that country.
“The majority of our customers aren’t in the U.S. and overall XRP volume is largely traded outside of the U.S. There are clear rules of the road for using XRP in the UK, Japan, Switzerland, and Singapore, for example,” reads the Ripple statement.
In the meantime, the Ripple team says it is prepared to defend itself in court although the statement suggests that the company is also pinning its hopes on the incoming SEC leadership. The tenure of the Jay Clayton led SEC board, which made the decision to file the lawsuit against Ripple, recently ended. Following Clayton’s departure, lawyer Elad Roisman has been appointed the acting chairperson.
However, others like lawyer Jake Chervinsky say the odds are still against Ripple winning despite the board changes. In a Twitter post, Chervinsky says:
It’s extremely unlikely that changes in SEC leadership will have any impact on the Ripple case. Given Comm’r Peirce’s conspicuous silence, I’d guess the vote was unanimous in favor of filing. Regardless, the case is being prosecuted by enforcement lawyers who are here to stay.
Interestingly, while the SEC has already ruled that bitcoin and ethereum are not securities, that has not stopped bitcoin opponents like Peter Schiff from entertaining the thought. In his latest tirade against bitcoin, Schiff weighs into the Ripple/XRP debacle by asking what would happen if the SEC similarly designated bitcoin as a security.
Do you think that the recent changes at the SEC will have an impact on the outcome of this case? Share your thoughts in the comments section below.
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596 new COVID-19 cases in Kozhikode
Kozhikode recorded 596 new COVID-19 cases on Saturday, of which 583 were cases of local transmission. Among the new patients, two had returned from abroad while the source of infection is unknown in 11 cases. Five health workers are among the infected. As many as 445 people who were under treatment at various COVID treatment centres in the district have been discharged. At present, there are 5,923 people under treatment in the district.
Author: Staff Reporter
Global Investments in Renewables Could Exceed Pre-COVID levels in 2021
Poised to rise back to 2019 levels and beyond, the global capex spending on renewables is estimated to grow 8.5% to $255 billion in 2021, according to IHS Markit.
Following the rampant COVID-19 lockdowns and mobility restrictions that caused construction delays and supply chain disruptions in 2020, IHS expects a steady recovery in the year ahead.
Annual spending is expected to stay near projected 2021 levels through 2025, adding to a $1.3 trillion cumulative 2021-2025 spend, according to the firm. This would be a 9% increase over the cumulative capex from 2015-2019.
The firm estimates 2020 global non-hydro renewables capex will be $235 billion, down 7% from 2019 levels.
“When it comes to renewables, we may likely look back on 2020 not so much for the COVID-induced contraction in spending but for the sprightly return to growth. The recovery of capital investment to pre-pandemic levels, coupled with falling costs that will give added weight to every dollar invested, is bringing renewed momentum as we head into the New Year,” said Roger Diwan, vice president of financial services at IHS Markit.
In terms of falling costs, IHS expects the global benchmark capital cost for solar photovoltaic (PV) — both utility-scale and distributed generation — in 2025 to be roughly 40% below 2017 levels. The firm also forecasts for 2025 wind and offshore wind global benchmark capital costs to be 20% and 15% below 2017 levels, respectively.
Solar PV is expected to continue to drive the bulk of cumulative global new investment and gross capacity additions in the upcoming 2021-2025 period. Solar PV is expected to be accountable for nearly 54% ($700 billion) of the global cumulative investment for the renewables sector.
With IHS is forecasting a threefold increase from 2015-2019 levels, global offshore wind investments are looking to contain a cumulative interest of $170 billion. However, the onshore wind capex is looking as though it will be decreasing, particularly in onshore wind installations globally post-2021. While in the 2015-2019 period capex was $365 billion, the 2021-2025 levels are projected to be $320 billion.
December 24, 2020
Should You Buy STMP Stock?
The Stamps.com Inc. stock price fell by -5.91% on the last day (Thursday, 31st Dec 2020) from $208.52 to $196.19. and has now fallen 5 days in a row. During the day the stock fluctuated 6.38% from a day low at $195.43 to a day high of $207.89. The price has been going up and down for this period, and there has been a -3.35% loss for the last 2 weeks. Volume has increased on the last day by 336 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 528 thousand shares were bought and sold for approximately $103.61 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -26.58% during the next 3 months and, with a 90% probability hold a price between $105.60 and $159.06 at the end of this 3-month period.
The Stamps.com Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $212.40. On a fall, the stock will find some support from the long-term average at approximately $195.49. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, November 20, 2020, and so far it has risen 10.23%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
The predicted opening price is based on yesterday’s movements between high, low, and the closing price.
Sunday calendar: Virtual community, entertainment events starting Jan. 3
‘The Signing’ represents the Founding Fathers re-imagined. Artist Renee Cox dramatically recreates signers of the Constitution with modern-day women and men of color in a 12-by-15-foot photograph intended to deconstruct stereotypes. Exhibit at Boca Raton Museum of Art through September, 2021. (Renee Cox / Courtesy)
While everyone is staying close to home, here is a list of reader-submitted opportunities to learn, take classes, contribute, stroll through galleries, or have front-row seats to hear and see some great musicians — from the convenience and comfort of your own home. All programs and activities are subject to change.
Salute to Vienna & Budapest, ends Jan. 3. Coral Springs Center of the Arts presents this New Year’s concert, filmed in Europe, available via livestream and on demand. $20. Tickets and info at bit.ly/37KPYvq or thecentercs.com.
Charles Dickens’ A Christmas Carol, streaming on demand through Jan. 3. World-premiere live capture starring Tony Award winner Jefferson Mays, presented by the Actors’ Playhouse at the Miracle Theatre, Coral Gables. 305-444-9293. actorsplayhouse.org. $50.
The Entertainers by Trine Lise Nedreaas at Boca Raton Museum of Art, exhibit ends Jan. 3. See the 3-minute video loop “Pulse” from 2014. The artist shines a light on the large and the strange variety of human endeavors, both weird and beautiful. Watch the video at vimeo.com/83675504. Visit the exhibition at bit.ly/33M0kKk. 561-392-2500.
Boca Raton Museum Store Offers Member Appreciation Days, through Jan. 3. This boutique museum store has unique toys, artisan gifts, and jewelry. Each purchase helps support the Museum’s mission to bring art to the community. Phone orders ship directly to you. Contact the store at 561-392-2500, ext. 102, email [email protected] or visit bit.ly/3pCP0tr.
Conversation with Interdisciplinary Artist Felicita ‘Felli’ Maynard, 6:30-7:30 p.m. Jan. 5. Discussion: “Ole Dandy, The Tribute,” an introspective into the imagined lives of male impersonators/drag kings Jean Loren Feliz and Angelo Lwazi Owenzayo during the early 1900s in NYC. Presented by Stonewall National Museum and Archives, Fort Lauderdale. 954-763-8565. Register for Zoom link. See bit.ly/2Q5v4Pc. Free.
‘Welcome Home’ a Virtual Exhibition, through Jan. 6. Hosted by the City of Pembroke Pines and Studio 18 in the Pines. Features resident artists who create art to provide a sort of immunity against the fear, isolation, and the chaos of these troubling times. 954-961-6067. ppines.com/studio18. Free.
Celebrating Indigenous Peoples, 2-3 p.m. Jan. 7. Tribal storytelling with Kevin Locke, presented by Broward County Library from Fort Lauderdale. 954-357-7402. Register at bit.ly/3mCwGht. Free on Webex.
HANDY Unity Weekend Fundraiser, Jan. 8-10, Friday-Sunday. Help support this agency that serves at-risk children and young adults 9-25 in foster care. Virtual from Fort Lauderdale. Register online and complete your workout any way you like: run, walk, bike, swim, or hit the gym during the weekend. See handyinc.org. $30.
‘The Signing,’ Represents the Founding Fathers Re-imagined, on view January-September, at Boca Raton Museum of Art. Artist Renee Cox dramatically recreates signers of the Constitution with modern-day women and men of color in a 12- by 15-foot photograph intended to deconstruct stereotypes. 561-392-2500. See preview at bocamuseum.org.
21st annual Race for Hope, 6:30-10 a.m. Jan. 9. All proceeds support AVDA’s programs and services to survivors of domestic abuse and their children. Join as a virtual participant and complete the 5K on your own time. 561-265-3797. avdaonline.org/race-for-hope. $30-$40, without or with your pet.
Nonprofit MNM Theatre Company Streaming ‘Closer Than Ever,’ now and extended on demand through Jan. 10. To view the musical, see ShowTix4U.com, via the company’s website at mnmtheatre.org or on its Facebook page. 561-725-7025. Tickets $20; link remains active for 48 hours.
“Art Lit: A Live Online Celebration of Art & Literature,” 10 a.m.-2 p.m. Jan. 9. Rhythms & Rhymes presented by Broward County Library from Fort Lauderdale. 954-357-7402. bit.ly/37BTFox. Free on Webex.
5th anniversary Cabaret, 7-9 p.m. Jan. 9. Barclay Performing Arts in Boca Raton produces children’s, community, and professional theatre, with classes for all ages. Anniversary show will be livestreamed. Call 561-344-5082. See barclayperformingarts.com or get tickets at bit.ly/2KiyGht. $15.
Story Central virtual Storytelling Slam, 5-6:30 p.m. Jan. 10. Enter a friendly competition to share true, first-person stories, not poems or essays, of approximately 5-7 minutes in length. Judges in the audience select the winner and award a prize. Enrollment required. Virtual programs and classes from Boca Raton. 561-393-7852. bit.ly/3oDodwz. Free.
Flamingo Gardens Orchid Society Monthly Meeting, 7:30-9:30 p.m. Jan. 11. Dr. Doug Needham will speak on “Orchid Plant Growth and Development (Part 1)” from Flamingo Gardens in Davie via Zoom. 305-308-6531. flamingogardensorchidsociety.com. Free.
Join SNMA for a Conversation, 6:30-7:30 p.m. Jan. 12, with director, writer, and actress Nyala Moon who will discuss her latest film project, “One Last Deal,” now touring the LGBTQ festival circuit. Stonewall National Museum and Archives, Fort Lauderdale. 954-763-8565. Register at bit.ly/2Q5v4Pc. Free.
Reflections of South Florida, 6:30-8 p.m. Jan. 13. Presented by local chapter of Women’s National Book Association. Virtual on Zoom form Delray Beach. 561-569-2625. southflorida.wnba-books.org/events. Free.
Lunch with Art: Lecture Series, Virtual Edition, 12:15 p.m. Jan. 14 and Feb. 11. Join curatorial consultant Derek T. Davis, on the 2nd Thursday of each month, as he guides you into the world of the Ely family, all while you enjoy your lunch. Via Facebook from Pompano Beach Arts. bit.ly/2YwsqXv.
Boca Museum Annual Fundraiser, An Irresistible Urge to Create! Event runs through Jan. 15. The Museum has invited more than 10 artists to create works of art as a very special thank you for your contribution. Donate at bit.ly/3oKuTIw.
Frontiers in Science Lecture Series, Understanding the Big Bang, 4-5 p.m. Jan. 15. Join Science Talk on “The Universe Beyond Einstein,” with Ivan Agullo, Ph.D. Virtual from Boca Raton, 561-297-3254. RSVP for Zoom webinar link at science.fau.edu/frontiers. Free.
FAU Galleries Present a Look at Our Past, Present & Future Politics, through Jan. 15. Florida Atlantic University’s Dorothy F. Schmidt College of Arts and Letters will debut four online exhibitions that are united by a consideration of current and historic political issues. Each online presentation will be accessible as a link at fau.edu/galleries.
‘An Irresistible Urge to Create’ Online Fundraiser, through Jan. 16. In lieu of an in-person gala, Boca Raton Museum and Art School makes it possible for patrons to donate online. Contributions support upcoming artists and exhibitions. Donations of $1,000-up will receive a specially created gift. Donate at bit.ly/3oKuTIw or see bocamuseum.org for more details. 561-392-2500.
JazzAid Live at the Banyan Bowl, 8 p.m. Jan. 16. Join this streaming show for some cool (virtual) jazz while fundraising for World Central Kitchen by Chef Jose Andres. Presented by Pinecrest Gardens, Miami. 305-669-6990. pinecrestgardens.org/jazzaid. $15 a performance.
Planetary Visions: Mira Lehr from Spaceship Earth, through Jan. 16. Digital viewing of this exhibition also features a 360-degree virtual tour at the Rosenbaum Contemporary art gallery in Boca Raton. 561-994-9180. See bit.ly/35MvC5a.
Art Loft, 7:30 p.m. Jan. 19. on WPBT and 5:30 p.m. Jan. 21 on WXEL. New episodes will premiere on Florida PBS stations weekly on Tuesdays and Thursdays. Features stories of South Florida museums, incubators of experimental art, guerrilla dance performances, and digital art in augmented reality. See artloftsfl.org.
‘Meet the Writer’ Session, 8 p.m. Jan. 21. Discover a behind-the-scenes perspective of “Black Widow,” as told firsthand by Leslie Gray Streeter. Presented by ArtSmart Writer’s Academy and Kravis Center of the Performing Arts. Visit kravis.org. $15 for Zoom webinar.
24th annual Dunn’s Run. This is a 5K & 5-Mile Walk/Run event that you can participate in rain or shine because it’s virtual, before Jan. 24, to support the Boys & Girls Clubs of Broward. 954-537-1010. dunnsrun.com. $30-$35.
‘Women in High Conflict Relationships’ Online Support Group, 5-6 p.m. weekly through Jan. 28. Hosted by Ferd & Gladys Alpert Jewish Family Service on Zoom from West Palm Beach. 561-684-1991. alpertjfs.org/events/help-women. Free.
Painting with Light, exhibit runs through Jan. 30. Features hyper-realistic photographs by Matt Stock. Artist views light as “Not something that turns on or off. It is a transitional state. Light is something gossamer and beautiful; is to be appreciated and handled with finesse and skill.” Palm Beach Photographic Centre, 561-253-2600 or visit workshop.org.
Lunch with Art: Lecture Series, Virtual Edition, 12:15 p.m. Feb. 11. Join curatorial consultant Derek T. Davis, on the 2nd Thursday of each month, as he guides you into the world of the Ely family, all while you enjoy your lunch. Via Facebook from Pompano Beach Arts. bit.ly/2YwsqXv.
FAU’s Harbor Branch Oceanographic Institute: Ongoing event. Offers tours, videos and educational activities. Lectures and presentations are open to the public for free. Must register. See bit.ly/2H0OBPU.
‘Ask Hanna’ is a Free, Anonymous Health Chat: Ongoing event. Submit queries anytime; answers provided 9-a.m.-5 p.m. South Florida PBS stations’ (WPBT & WXEL) Health Channel launched a free health counseling service. This service gives individuals access to general health and wellness related information and answers through a live chat with health advisers who provide immediate responses. Ask Hanna is available online at askhanna.tv.
Digital Days @ Unity of Delray Beach: Ongoing event. New talks released 6 a.m. each Sunday. Virtual programs include sermon and meditation, children’s lesson, plus videos and music by musical director D. Shawn Berry, and soloist Daniel Cochran. Other programs during the week include podcasts, inspirational writings and more at unityofdelraybeach.org.
Ashanti Cultural Arts Virtual Classes & Events: Ongoing event. Features beginner hip hop Saturdays 11-11:50 a.m.; advanced hip hop Thursdays 6-7 p.m.; African dance Saturdays noon-1 p.m. and much more. Sponsored by the City of Pompano Beach and the Rotary Club. See ashanticulturalarts.org.
Kravis @ Home The Curtain’s Up! Ongoing event. Digital stage features a lineup of curated concerts, talks, performances and arts education events. Virtual from West Palm Beach. kravis.org/athome. Free.
NSU Art Museum Extends Exhibits: Ongoing event. Transitions and Transformations will be on view through January; plus From Pencil to Paint will remain until spring. The Museum in Fort Lauderdale began showing its new season with the South Florida Cultural Consortium exhibition. nsuartmuseum.org.
Broward Center Online Classes for All Ages: Ongoing event. Free classes include singing, acting, dancing and improv. Stay connected with this online series available anytime. You can also follow the Facebook page to access previous videos and content. For details, see browardcenter.org and click on [email protected] or visit bit.ly/2EhNvxA.
Virtual Lessons by Symphony Members: Ongoing event. Classical instrument training presented by Miramar Cultural Center and The Palm Beach Symphony on the MiramarCultural YouTube channel. Includes clarinet, mallet, snare drum, timpani, flute, trombone, viola and more. See MiramarCulturalCenter.org.
[email protected]: Ongoing event. The Adrienne Arsht Center brings the best of the city’s top musicians, actors, writers, visual artists, dancers, and performers who create and share work you can watch at any time. The stage may be dark, but Florida Grand Opera, Miami City Ballet and the New World Symphony are still offering playlists, videos, interviews and performances. Visit bit.ly/3abr8pH.
Lifelong Learning Institute: Ongoing event. Times and dates vary at Nova Southeastern University’s LLI. Features classes, presentations and programs for seniors via Zoom. Register for link at bit.ly/2Chw0wK. Call 954-262-8471 or email [email protected] $30 a month or $15 each.
From The Frank to You, Virtual Workshops & Lectures: Ongoing event. In this virtual classroom, guests of all ages can watch video art-making workshops, step-by-step craft tutorials, video lectures and storybook readings. New content added regularly. The Frank C. Ortis Art Gallery in Pembroke Pines. 954-392-2120. Visit thefrankgallery.org or bit.ly/2FtWCfE. Free.
Peter London Launches [email protected] Virtual Series: Ongoing event. Miami’s global dance company features artist talks, interviews with choreographers and experts, plus specialized education courses. [email protected] is streaming on PATREON. Subscriptions start at $10 a month. PLGDC.org or bit.ly/3m6GZLz.
Broward Library’s Facebook Collection: Ongoing event. Includes videos curated for all ages. Consider a recorded Zoom performance by the Miami Children’s Museum; or a “Matter of Fact Show” with MODS. You can meet an engineer from the NASA Artemis Program, take a virtual tour of Flamingo Gardens; or celebrate the legacy of Stevie Wonder. Visit bit.ly/3igsmCP or broward.org/library. Free.
Frost Science Features Live Cam & Webinars: Ongoing event. See the 500,000-gallon Gulf Stream exhibit. Discover silky sharks, scalloped hammerhead sharks, schools of tuna, devil rays, a loggerhead sea turtle and more. Catch a video on Bird Songs & Monkey Business. Visit the Phillip and Patricia Frost Museum of Science from your living room at frostscience.org/at-home.
Young At Art Museum in Davie Offers Art Relief: Ongoing event. Features virtual museum tours and downloadable activities and ideas for at-home arts and crafts projects. Activities include 360 views of gallery space with clickable content; iSpy 360, and lots of adventures through [email protected], while learning new vocabulary words; in-depth online art classes and more. Visit youngatartmuseum.org. Free.
Pompano Beach Arts: Ongoing event. Entertaining and educational videos for all ages, including, creative writing classes, visual and therapeutic arts, music, lectures, interviews, workshops, theater basics, storytelling and more. Some events have fees and specific times; others are ongoing and free. Visit pompanobeacharts.org.
The Weekender – South Florida Events Newsletter
Get a roundup of the best events and things to do in South Florida so you can make it an epic weekend.
Experience ‘Art Couture’ at the intersection of Art and Fashion: Ongoing event. Take a 25-minute online tour of the exhibit at the Cornell Art Museum, presented by Old School Square in Delray Beach. Stroll by designs, from the runway to reality, as you play and pause the video at your leisure on YouTube or bit.ly/3k4q7UO. 561-243-7922 or cornellartmuseum.org.
Visit Manatee Lagoon’s Virtual Learning Site: Ongoing event. Take a deep dive into the history of Manatee Lagoon, an FPL Eco-Discovery Center and educational attraction in Riviera Beach. Follow Mia on the Manatee Cam. Learn what manatee observers do and complete some at-home activities, like watching the sea turtle art lesson video or downloading the smalltooth sawfish facts and coloring sheet at bit.ly/31iyHH4. 561-626-2833 or visitmanateelagoon.com.
At Home With Gumbo Limbo: Ongoing event. The Nature Center offers many virtual adventures and activities for kids and the whole family. Includes self-guided beachcombing, nature detectives and videos on Facebook and YouTube. Visit the Virtual Program page. Boca residents can register for programs via Webtrac. Visit gumbolimbo.org or call 561-544-8605.
Brain Bites, Games & How does my brain work? Ongoing event. Florida Atlantic University offers Virtual Resources for educators, students, and curious neuro-explorers of all ages. Test your brain power with downloadable Brain Games with puzzles and experiments developed by FAU Brain Institute researchers. Listen to podcasts, watch videos and explore the power of your brain. Visit bit.ly/31aWfxj.
Author: Mary Lou Cruz