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
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
While Ripple is dealing with allegations from the U.S. Securities and Exchange Commission (SEC) concerning its XRP token, major U.S. cryptocurrency exchange Coinbase seems to be getting its own share of legal saga, as the company faces a class-action lawsuit for receiving commissions gotten from the sale of XRP tokens. Coinbase Slammed With Class Action...Read More
New York-based fund manager VanEck has recently filed for registration for their upcoming VanEck Bitcoin Trust with the United States Securities Exchange Commission (SEC). According to the document filed with the federal agency, the preliminary prospectus was filed on 30 December 2020. Twitter user Kevin Rooke drew attention to the filing from the $49 billion...Read More
With XRP’s price being dragged through the mud, Ripple is on high alert and preparing for the suit. This lawsuit by SEC has sent ripples across the industry [pun intended] and people are questioning what’s next? or more precisely ‘who’s’ next? Some say it could be Link, Bitcoin, or even Ethereum, but if we are...Read More
The XRP community has been trying to find a glimmer of hope for the digital asset that has been termed a security by the US Securities and Exchange Commission [SEC]. According to the filing, an initial pretrial conference in the SEC vs Ripple case has been scheduled for 22 February 2021. According to the filing,...Read More
In the wake of the recent allegations against the firm by US SEC, Ripple issued a new statement today in which the firm called the SEC’s decision “an attack” on US crypto industry and said that the lawsuit affected countless innocent XRP retail holders. Especially those “who have no connection to Ripple,” the firm said....Read More
In the wake of the recent allegations against the firm by US SEC, Ripple issued a new statement today in which the firm called the SEC’s decision “an attack” on US crypto industry and said that the lawsuit affected countless innocent XRP retail holders. Especially those “who have no connection to Ripple,” the firm said....Read More
Click Here For AMBCrypto’s Survey – A chance to win Trezor One Major Japanese financial services company SBI Holdings published an official statement with regard to the proceedings against Ripple by the United States Securities Exchange Commission (SEC). The group said that under Japanese law, XRP is dubbed as a “cryptocurrency asset.” Last week, SEC...Read More
Blockchain tracking company WhaleAlerts identified that crypto whales moved 365.7 million XRP in total, in the last 24 hours. Overall, the XRP transaction amounted to $98,162,899. An anonymous whale made the biggest transfer of funds by moving 181 million XRP, worth about $53 million, at the time. On 23 Dec, 18:57 UTC, even Ripple participated...Read More
A day after the former chairman of the United States Securities and Exchange Commission, Jay Clayton, stepped down, the watchdog has its new chief in the face of Elad Roisman. Hester Peirce, an SEC Commissioner who’s well-known within the cryptocurrency community for her stance on a potential Bitcoin ETF, broke the news that the Commission...Read More
Following news of the legal action, which alleged that Ripple had been conducting unregistered securities offerings worth $1.3 billion, the price of XRP plummeted heavily. But things are getting worse for the cryptocurrency. The drastic fall in price was just one of XRP’s problems as several crypto trading companies have quickly moved to disassociate themselves...Read More
The regulator alleges that the company conducted a $1.3 billion unregistered securities offering and failing to provide investors with adequate disclosures about XRP. Industry leaders have been lamenting the demise of the company and some creative soul has even created a CNBC parody advising investors on how to short the asset. This is SAVAGE. CNBC’s...Read More
The United States Securities and Exchange Commission has pressed formal charges against Ripple. The watchdog is going after the company for conducting a $1.3 billion unregistered securities offering. CryptoPotato reported earlier today that the United States Securities and Exchange Commission (SEC) is preparing to sue one of the largest companies in the cryptocurrency field –...Read More
Ripple’s CEO Brad Garlinghouse announced that the company is being sued by the Securities and Exchange Commission [SEC] and highlighted that this step taken by the SEC was an “attack of crypto”. Unsurprisingly, the SEC’s lawsuit is based on the fact that Ripple is selling unregistered securities and is yet to be announced. A step back...Read More
Trading app Robinhood has agreed to pay $65 million to settle charges from United States Securities Exchange Commission (SEC). The Federal agency accused the firm of “misleading customers” about its “revenue sources” between 2015 and 2018. The charge stated: Material misrepresentations and omissions by Robinhood relating to its revenue sources, specifically its receipt of payments...Read More
Despite a somewhat tumultuous year for the crypto-market amidst the COVID-19 pandemic, the market made a strong recovery. In fact, 2020 also saw significantly positive regulatory initiatives in the United States, when compared to the previous two years. The same was recently noted by Carla Carriveau, Chief Legal Officer at CoinList, after she said, “The...Read More
The San Francisco-based payment protocol has filed a document on Friday with the US Securities and Exchange Commission (SEC). It reads that Ripple Labs has entered into an agreement with MoneyGram, which entitles Ripple to sell up to 4,000,000 shares of common stock. Ripple’s option to sell these shares will expire “upon the earliest of...Read More
William Hinman, a director of the U.S. Securities and Exchange Commission (SEC) known for his statements in favor of greater clarity for the crypto ecosystem and other ICOs and fintech, announced his intentions to leave his post in the upcoming months. Since 2017, Hinman has served as a director of the SEC’s Division of Corporation...Read More
The story of the legal battle between Kik and the SEC seems to be coming to an end. Today, the SEC filed a motion with the Southern District Court of New York to close the case with a $5 million fine. Kik was being sued for issuing and selling unregistered securities through the ICO of...Read More
Hester Peirce, the Commissioner of the US Securities and Exchange Commission (SEC) believes that the charges against BitMEX brought by the CFTC were a “loud and clear” message. In a recent podcast, the so-called ‘Crypto Mom’ also noted that a Bitcoin ETF could be beneficial to all parties but didn’t specify if such a product...Read More
The leading digital currency asset management company Grayscale Investments announced that its Ethereum Trust will report directly to the US Securities and Exchange Commission (SEC). Grayscale filed a Form 10 with the SEC a few months ago on behalf of the Ethereum Trust to become the second company product designated as a digital currency investment...Read More
For a lot of us, prison is a dark and scary place where no one wants to be… But we are not John McAfee. The software developer, tax evader, crypto-shiller, drugs user, whale-fucker, former US presidential candidate and crypto-shiller sent a statement to his followers sharing his experience in the Spanish prison after his arrest....Read More
Another week has passed, and it’s safe to say it was an intense one. First things first, the major headline is that the US Commodity and Futures Trading Commission (CFTC) charged the owner-operators of 100x Group, the parent company of BitMEX, with illegally running a derivatives exchange. Needless to say, BitMEX is one of the...Read More
The wife of the famous tech entrepreneur John McAfee weighed in on the most recent events, thanking and calling for the community’s support. John McAfee’s Arrest: Injustice Those who have been following McAfee on social media for the past few years know that he has been particularly vocal about intentionally not paying taxes. As CryptoPotato...Read More
The US Securities and Exchange Commission (SEC) has filed fraud charges against the popular cryptocurrency proponent and well-known tech entrepreneur, John McAfee. According to the documents, McAfee has taken advantage of his massive Twitter following and has “leveraged his fame to make more than $23.1million in undisclosed compensation by recommending at least seven initial coin...Read More
The importance of this current week has been fairly downplayed. Years down the line, the global payments system might look back at this particular period and suggest that this is where it all started. Let’s jog our memories on what actually happened. In two ‘un-correlated’ announcements, the People’s Bank of China-controlled finance magazine stated the importance...Read More
The Office of the Comptroller of the Currency (OCC) is turning out to be the greatest supporter of the US cryptocurrency industry. Yesterday, the banking regulator issued a letter that greenlighted national banks and federal savings associations to hold “reserves” on behalf of stablecoin issuers. The stablecoins in the discussion are fiat-collateralized, i.e., backed by...Read More
The U.S. SEC has fined Atlanta-based rapper Clifford Harris Jr, better known as T.I, along with other individuals for their involvement in two fraudulent initial coin offering (ICO) projects. T.I, Others Pay $125K in Penalty According to a press release by the U.S. Securities and Exchange Commission (SEC) on Friday (September 11, 2020), T.I, along...Read More
