Ripple came close to shutting down rather than fighting the U.S. Securities and Exchange Commission, Chief Executive Brad Garlinghouse said, describing a decision he and co-founder Chris Larsen faced after the agency sued the company in 2020.Speaking at the University of Kansas School of Business earlier this week, Garlinghouse said the two seriously considered winding Ripple down and distributing its XRP holdings to shareholders. He described that as the easier path, against a government he said had “infinite power and resources.”Ripple holds a large amount of XRP, and Garlinghouse said the company could have handed it to shareholders on a…

Bitcoin (BTC) is seeing its best month of July since 2022, but analysis warns that the result could be firmly bearish.Key points:Bitcoin is nearing double-digit gains for July, but market reactions draw comparisons to 2022.Bear-market patterns call for downside to resume next month before a Q4 bottom.$70,000 remains a target for the current bounce.Analyst sees BTC price “picking up” for rest of July before reversalData from CoinGlass shows that at 9.5%, BTC/USD is setting a four-year record for July gains.Bitcoin’s last bear-market year, in 2022, saw price end July nearly 17% higher after significant 38% losses the month prior. What…

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