XRP has been alleged to be a security by the United States’ Securities and Exchange Commission [SEC] and this news has had a major impact on its standing in the US market. However, one of Ripple’s largest partners in Asia, the SBI Group, and its subsidiaries have continued to back the digital asset. To strengthen...Read More
On 30 January 2021, XRP registered its biggest 48-hour spike in over 3 years. Surging by 170% on the price charts, the crypto-asset ascended from $0.278 to a yearly high of $0.75. Source: XRP/USD on Trading View In fact, the crypto-asset almost matched its 2020 high. However, right after the top, it registered a massive...Read More
PrimeXBT is the latest crypto-exchange to delist XRP after an announcement earlier today revealed the removal of the XRP/USD, XRP/BTC trading pairs. The delisting will take effect from Wednesday, 10 February 2021, at 15:00 UTC. Prior to this, the XRP pairs will be transferred to ‘reduce only’ status on Friday, 5 February 2021, at 15:00...Read More
Cryptocurrencies ranging from Bitcoin to joke, token Doge, have seen much mainstream support in the past week. After Elon Musk said “he was a supporter of Bitcoin” and OnlyFans star Mia Khalifa bought Doge, another new celebrity has shown support for the coins. This time it was Gene Simmons, from the rock and roll band...Read More
Despite Ripple facing two lawsuits from the United States’ Securities and Exchange Commission [SEC], its products still seem to be much sought-after. According to a recent update from one of the oldest RippleNet members, Kuwait Finance House [KFH], it is now launching an instant cross-border payments service to Turkey. As per the announcement, the bank...Read More
XRP’s price has been appreciating for the past three days and is now up by over 100% from $0.2478 to $0.5100. This increment in price followed the unprecedented stock movement especially with regard to the drama surrounding GameStop’s stock and Dogecoin’s surge on the charts. Amid the on-going rise, investors did not necessarily align with...Read More
It has been a little over 24 hours since Ripple released its official response to the SEC lawsuit. Since then, Ripple’s native crypto asset XRP has rallied by over 18% and was trading at around $0.33 at the time of writing. Among the many legal experts evaluating Ripple’s response was Attorney Jeremy Hogan who highlights...Read More
The XRP market was shaken by the SEC’s lawsuit against Ripple after it alleged that one of the market’s top cryptocurrencies is a security. Since then, while XRP has been delisted and suspended from trading by various exchanges, the community sentiment remains positive. In fact, Ripple has made XRP-based solutions available to multiple financial institutions,...Read More
Following US Securities Exchange Commission’s (SEC’s) allegations against Ripple Lab, the San Francisco-based firm has filed its answer to the Commission’s lawsuit in federal court. The response from Ripple and its executives Brad Garlinghouse and Chris Larsen called into question the complaint filed by SEC. Ripple and the co-founders claimed the allegations were an “unprecedented...Read More
Ripple has successfully completed an investment in Money Tap, according to a notice released by Japan-based SBI Holdings earlier today. Following the said investment, Ripple has now become the largest external shareholder of Money Tap with a 33% ownership stake in the company. Ripple first announced its plans to invest in Money Tap back in...Read More
“This XRP coin is all or nothing,” noted Jeremy Hogan of the law firm Hogan & Hogan, with the legal practitioner becoming just the latest to comment on the SEC’s lawsuit against Ripple. Hogan, who claims to have studied the lawsuit in detail since December, is in the news after he asserted that if the...Read More
UAE-based LuLu Exchange is in the news after it announced its partnership with Ripple and India’s Federal Bank to facilitate faster cross-border payments from UAE to India. We are proud to announce our partnership with Ripple and Federal Bank to enhance real-time payments from UAE to India that are faster and more affordable than ever...Read More
The United States Securities and Exchange Commission’s [SEC] lawsuit against Ripple and its executives has been widely discussed, with the nature of XRP debated extensively as well. While the case feels like yet another securities case, it is different in a lot of aspects, especially since in none of the other cases, namely Kik or...Read More
It’s been a good 12 months for the DeFi ecosystem. Not only did the sector’s TVL climb to exponential heights, but its total market cap ($16.5 billion) also overtook that of XRP’s ($10.66 billion) recently, according to data from Messari. In fact, the last few weeks also saw XRP, one of the old stalwarts of...Read More
Opinions have varied ever since the United States’ SEC filed a lawsuit against Ripple a few weeks ago, a development that for a brief while left the cryptocurrency XRP tanking. However, while quite a few exchanges and trading platforms have already de-listed or suspended XRP trading in the aftermath of the same, a few others...Read More
XRP moved within a thin channel and a breakout in either direction did not seem likely in the short-term. Tezos retested $2.84 support and eyed an upward move once again on the charts. ALGO’s price touched August 2020 levels, but a reversal seems quite likely given the overall sentiment. XRP Source: XRP/USD, TradingView XRP retested...Read More
Ripple is in the news today after it announced a partnership with Mobile Money, a Malaysian mobile wallet company, to facilitate wallet-to-wallet payments between Malaysia and Bangladesh and serve the remittance corridor between the two countries. Through RippleNet, Mobile Money has connected to bKash, Bangladesh’s largest provider of mobile financial services (MFS), a company that...Read More
Sequel to its removal of XRP from its diversified public crypto fund, Grayscale Investments has announced the dissolution of its XRP Trust. The move is another fallout from the current enforcement action instituted by the U.S. Securities and Exchange Commission (SEC) against Ripple. Grayscale Terminates XRP Trust Grayscale announced the decision to dissolve its XRP...Read More
GateHub, a U.K-based hot wallet company that allows users to store and trade cryptocurrencies on its platform, has come out in support of Ripple and XRP amidst the latter’s legal troubles with the United States’ SEC. According to a statement released by the platform, GateHub will continue to list XRP until the SEC’s complaint against...Read More
The price of XRP, one of the world’s largest altcoins, has been rather volatile over the last couple of months. While for a brief time in late November 2020 hodlers did expect XRP’s prices to surge, all hope was lost after the Securities Exchange Commission sued Ripple for an illegal securities offering. Not only did...Read More
2021 has started off well for most of the crypto ecosystem, except for Ripple. The company is on the verge of one of the riskiest lawsuits in the history of the industry, and the pessimism surrounding its XRP token has led it into a downward spiral that is causing significant losses to those who still...Read More
The price of Ripple’s native crypto, XRP has seen much volatility over the last couple of months. Holders expected a late November 2020 surge in XRP prices, but all hope was lost after United States Securities Exchange Commission sued Ripple for an illegal securities offering, calling into question the status of the crypto. Many have...Read More
The San-Francisco-based blockchain company Ripple may still have more issues to deal with, as one of its lead investors involved in the company’s Series C funding has filed a lawsuit following the U.S. SEC’s allegations. Ripple Gets Hit From the Inside According to Bloomberg, on Tuesday (Jan. 5, 2021), Tetragon Financial Group, an investment company...Read More
Grayscale Investments has removed XRP from its diversified public crypto fund — Grayscale Digital Large Cap Fund (DLC). The move could be yet another fallout from the current enforcement action by the U.S. Securities and Exchange Commission (SEC) against Ripple. Grayscale Nixes XRP, Reallocates Liquidated Position According to an announcement, Grayscale revealed that it removed...Read More
Crypto asset manager Grayscale announced today that it has removed XRP from its digital large-cap fund, in the wake of US Securities and Exchange Commission accusing Ripple and co-founder Chris Larsen and CEO Brad Garlinghouse of allegedly raising over $1.3 billion through an unregistered “securities offering.” The firm stated that it had sold all XRP...Read More
On the back of consistent price surges over the last week, it seemed that Bitcoin, Ethereum, and the rest of the market were finally registering some corrections on the charts. However, that wasn’t to last as the larger crypto-market hiked after the U.S Treasury’s Office of the Comptroller of the Currency (OCC) issued an interpretive...Read More
Chief Technology Officer at Ripple and XRP Ledger architect David Schwartz said in a recent interview that US regulatory laws with regard to crypto-assets are “vague.” These comments were made, in wake of the Securities and Exchange Commission’s new lawsuit against Ripple which alleges that the company and two of its executives raised over $1.3...Read More
Things are not looking great for Ripple and its XRP cryptocurrency. In a day where the total market cap managed to add a whopping $60 billion as bitcoin charts a staggering 11% increase, XRP is down 5% in the past 24 hours. In what looks like an interesting development, a group of supporters is trying...Read More
Ripple has received its first installment of 1 billion XRP in 2021 from its escrow as per the distribution model it had announced. However, the firm did not receive a full 1 billion XRP, but 900 million. The crypto movement tracker on Twitter – Whale Alert, informed the community of the released fund in three...Read More
Ripple v. SEC will have some far-reaching implications for the crypto-industry. In fact, as former SEC Commissioner Joseph Grundfest recently suggested in a letter to Jay Clayton, the Ripple lawsuit will cause “multi-billion dollar losses to innocent third parties.” The lawsuit in question alleges that XRP is a security that must be registered with the...Read More
