XRP price has surged to $0.53, marking its highest point in the past 10 days. The fifth-largest crypto-asset had maintained a relatively stable range between $0.48 and $0.52. The latest data suggest that a cohort of addresses, dubbed the “smart money tiers,” has been accumulating since the start of October. XRP appears to be on...Read More
TL;DR BitPay now allows users to purchase tickets for Taylor Swift’s upcoming “Eras Tour Movie” concert using various cryptocurrencies, including XRP, SHIB, BTC, and ETH. To buy tickets, users should visit the AMC website, select the desired concert, and choose the crypto payment option during checkout. Increasing adoption of cryptocurrencies like XRP and SHIB may...Read More
Crypto market intelligence platform Santiment has found that XRP Ledger (XRPL), a decentralized public blockchain that enables fast, low-cost, real-time transfers of XRP, fiat currencies, and digital assets, has been seeing less whale activity in 2023 compared to the last two years. In a post on X, the crypto analytics platform said that despite declining...Read More
Three of the leading cryptocurrencies in terms of market capitalization and popularity – Bitcoin (BTC), Ripple (XRP), and Shiba Inu (SHIB) have recently achieved various milestones. In the following lines, we will pinpoint these advancements as well as shed more light on possible upcoming developments. XRP’s Milestone As CryptoPotato reported a few days back, the total accounts...Read More
Investor sentiment remained sour as digital asset investment products witnessed yet another week of extensive outflows. However, Bitcoin was still the most loved investment product according to the latest edition of CoinShares’ report. In the past week, digital asset investment products experienced outflows totaling $54 million, marking the fifth consecutive week of such withdrawals. In...Read More
Attorney John Deaton, known for his representation of XRP token holders involved in the legal battle against the US Securities Exchange Commission (SEC), has officially filed a formal notice of appearance as an Amicus Curiae in the LBRY lawsuit. This recent development follows LBRY’s filing of an appeal notice to the United States Court of...Read More
The market remains in an “apathetic” state, with digital asset funds experiencing outflows totaling $59 million last week, bringing the total outflows in this streak to $294 million. This represented 0.9% of total assets under management (AuM). Digital asset manager Coinshares attributed these movements primarily to ongoing concerns about the regulatory environment for the asset...Read More
A little-discussed memo from the Securities and Exchange Commission (SEC) from five years ago may suggest that the agency faced internal struggles in concluding whether XRP was a security, according to crypto lawyer John Deaton. This may indicate that Ripple – the company behind XRP – was not legally reckless in issuing the token years...Read More
Even as XRP encountered considerable upheaval due to escalating regulatory challenges, South Korean investors have remained unfazed. In fact, the asset has emerged as the most preferred one in their portfolios, especially those in their 20s. This is evident by new findings, which show XRP comprising 20.7% of their investments, surpassing the combined 17.5% allocation...Read More
Despite Ripple scoring a win in the ongoing lawsuit with the US Securities and Exchange Commission (SEC), some members of the community believe the legal battle caused damages for the firm and its native token. According to lawyer and founder of CryptoLaw, John Deaton, who also represents thousands of XRP holders, the SEC lawsuit affected...Read More
XRP is currently reeling under severe bearish pressure alongside other top cryptocurrencies. Over the past week, XRP was down by almost 7%, contributing to its monthly losses, which have now reached 20%. But the latest analysis suggests that the crypto-assets market depth on Gemini has rebounded. Last week, XRP’s price on Gemini experienced a temporary...Read More
Gemini confirmed it now accepts XRP deposits after days of speculation driven by a cryptic post on its verified X account. The post, a thinking face emoji, was made in response to a question by crypto journalist David Gokhstein, who wondered whether Gemini would relist XRP. In its announcement, Gemini clarified that it would initially...Read More
Despite a largely bullish court ruling in favor of Ripple last month, Morgan Creek founder Mark Yusko is no more enthusiastic about the company, nor the XRP ledger. In a Tuesday interview, the investors said that the ledger is not only “corruptible,” but that it lacks any “real adoption.” Yusko’s View On Ripple In conversation...Read More
The summer period’s lackluster trading activity is evident as digital asset investment products recorded outflows of $107 million this week. The profit-taking has gathered tremendous pace lately, with weekly trading volumes in investment products 36% below the year-to-date average. The wider on-exchange market has experienced a more significant decline, with volumes down 62% relative to...Read More
In the midst of a lackluster price movement across the wider cryptocurrency market, XRP experienced an unusual downward trend. The cryptocurrency recently became the fifth-largest crypto by market cap owing to Ripple’s partial but impressive win against the US Securities and Exchange Commission (SEC). The asset even briefly surpassed BNB as the fourth-largest last month....Read More
Crypto trading platform Bitstamp has introduced an XRP lending service offering a “permanent” 2% yield, shortly after relisting the asset for trading last month. This puts XRP on an already sizable list of coins viable for 2% APY on Bitstamp, including Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether USD (USDT). Permanent Yield On...Read More
Italian motorcycle manufacturer Ducati partnered with XRP Ledger to enter the Web3 space. The main goal is to launch its first-ever digital collectible, which is a video sequence of all the Ducati logos that have appeared on the tanks of motorbikes produced in Borgo Panigale from 1946 to the present day. The first release is...Read More
Wyoming-based Custodia Bank’s application to become a member of the Federal Reserve System was rejected earlier this year by the Kansas City Fed. But the platform has no intention of backing down. The legal dispute took a new turn after Custodia slapped three lawsuits against the regulator in three separate circuits. According to attorney John...Read More
On July 17, Gary Gensler said he was “disappointed” with the judge’s ruling that Ripple’s XRP token was not a security when it was sold to retail investors on exchanges. The ruling was celebrated as good news for the wider crypto industry and retail investors, but Gensler doesn’t agree. 🚨BREAKING: @GaryGensler addresses the @Ripple Summary...Read More
The Howey test for security relies on the buyer’s expectations to an extent. This is a major bone of contention when it comes to the 2018 class action surrounding the sale of XRP, which precedes the SEC’s lawsuit against blockchain firm Ripple. The investor class, in this case, was recently granted certification in a crypto...Read More
Rapid disinformation attacks are one of the most significant challenges in the digital ecosystem. This time, the alleged resignation of United States Securities and Exchange Commission (SEC) chair Gary Gensler took the internet by storm. The news stories ultimately turned out to be a hoax, much to the crypto community’s disappointment. But at the center...Read More
The move comes amid a massive crackdown on the digital asset industry in the United States. On June 21, Ripple stated that it had received in-principle regulatory approval to operate in Singapore. The fintech firm has been granted a Major Payment Institution License from the Monetary Authority of Singapore, the country’s central bank. Ripple CEO...Read More
Ripple announced the acquisition of Swiss-based crypto custody provider Metaco, marking the blockchain firm’s expansion across the growing institutional crypto custody market. The deal, worth $250 million, surfaces as Ripple continues to defend against the long-drawn lawsuit from the US Securities and Exchange Commission. Ripple Acquires Metaco Ripple is expected to ramp up its enterprise...Read More
XRP is one of the handful of crypto-assets that has outperformed Bitcoin in the latest market-wide rally. Traders are placing their bets on a potential victory for the blockchain firm Ripple’s multi-year legal battle against the US Securities and Exchange Commission (SEC), with a ruling expected in April. In the past two weeks alone, XRP...Read More
XRP has been defying the market-wide decline as it continued its impressive recovery for the month. The asset – that is at the center of the Ripple lawsuit brought by the US Securities and Exchange Commission (SEC) – has surged by nearly 13% over the past day alone. XRP Surges to 10-Month High According to...Read More
The Twitter account of one of the leading news channels in India – News24 – became a victim of a recent cryptocurrency scheme. Hackers breached their security to post phishing links of a fake XRP drop, urging people to click and potentially get conned. Crypto scammers have previously compromised the Twitter account of India’s Prime...Read More
Should the United States consider making XRP the reserve currency of the world and buy its entire holding from the market? Well, this speculative idea floated by Jimmy Vallee, Managing Director of Valhill Capital, in 2021 is once again doing rounds after he talked about it in a recent interview. But Ripple Lab’s CTO David...Read More
The long, drawn-out battle between fintech firm Ripple and the U.S. Securities and Exchange Commission could be coming to a conclusion, according to the company CEO. Speaking to CNBC at the World Economic Forum in Davos, Switzerland, on Jan. 18, Garlinghouse said that the judges are unlikely to rush a resolution, adding: “We’re optimistic that...Read More
This week has been rather bullish for most digital assets as the market continues to show splendid recovery after hitting its bottom on June 18th. Bitcoin price is up over 3% today, trading at $21.2k, Ethereum price managed to close in at $1.2k, BNB is up over 12% this week, trading above $240, XRP saw...Read More
As recession fears pushed stock markets and cryptocurrencies to two-year lows last week, things are looking better this Juneteenth, as a federal holiday observes the end of slavery in the United States. Stock markets are closed today, which provides an extra day for cryptocurrencies to show bullish momentum and regain some of their prices. However,...Read More
