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
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The Bitcoin market was rallying once again and had been trading at an all-time high of over $29k at the time of writing. This surge has injected life into many of the market’s altcoins....Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice XRP, a cryptocurrency that was once contending for the 2nd position of CoinMarketCap’s charts with Ethereum, has now slipped down to 4th on the rankings, a slide that might just continue in the near-term....Read More
2020 has been a year of great progress for cryptocurrencies. However, the same cannot be said for crypto-businesses, with these entities facing certain roadblocks this year. A recent example of the same would have to be the lawsuit filed by the United States Securities and Exchange Commission [SEC] against Ripple. Ripple The status of XRP,...Read More
On the back of Ripple being charged for illegal securities offerings by the SEC and XRP tanking on the price charts, it seemed understandable if any XRP bag holder was nervous about their portfolios. However, those weren’t the only concerns doing the rounds. In fact, one might argue that a more pressing concern is emerging...Read More
XRP traders circled important dates of delisting and court battles on their calendar, while on the charts XRP was set to slide further south. Polkadot broke out past the $6 level on extraordinary trading volume and reached a high of $7.7 and was likely to retrace some of the gains made. Decred had a bullish...Read More
The XRP market has seen the coin’s price fall after the news about the U.S Securities and Exchange [SEC] filing a lawsuit against Ripple and its executives for raising over $1.3 billion through an unregistered, ongoing digital asset offering. This has had a massive impact on the XRP market and the value of the crypto...Read More
Coinbase announced that it has halted XRP trading, in the aftermath 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, “ongoing” securities offering. The federal agency claimed XRP was security, in its charges. Additionally, Stephanie Avakian, director of SEC...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
It looks like the fate of XRP continues to wane as yet another exchange suspended trading of Ripple’s native crypto today. Crypto exchange Bittrex said that it has paused XRP trading, because of the US Securities and Exchange Commission accusing Ripple as well as co-founder Chris Larsen and CEO Brad Garlinghouse of allegedly raising over...Read More
Crypto tracking service Whale Alert revealed today that in 2020, co-founder and former CTO of Ripple, Jed McCaleb’s estimated total XRP holdings sales is around $1.2 billion – at $0.20 per XRP. The research team said that this would make Jed McCaleb “the fattest XRP whale” who had “the best year so far, even though...Read More
Crypto tracking service Whale Alert revealed today that in 2020, co-founder and former CTO of Ripple, Jed McCaleb’s estimated total XRP holdings sales is around $1.2 billion – at $0.20 per XRP. The research team said that this would make Jed McCaleb “the fattest XRP whale” who had “the best year so far, even though...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
XRP sank to $0.22 and has traded for most of 2020 at or under $0.3, with about 60 days only of trading above this mark. The short-term outlook for XRP was extremely bearish, although a dead cat bounce can occur. Cosmos saw rising bullish sentiment as it tested the $5.45 level of resistance once more,...Read More
Click Here For AMBCrypto’s Survey – A chance to win Trezor One Replying to a Twitter user who called Bitcoin a Ponzi scheme, Stephen Palley, a digital currency lawyer at Anderson Kill, made a strong case for the popular crypto today. The lawyer said that Bitcoin at large could not be dubbed “a Ponzi.” and...Read More
Click Here For AMBCrypto’s Survey – A chance to win Trezor One Bitstamp, OSL, Beaxy, CrossTower, and okCoin? The question of which crypto-entity would be next to de-list or suspend XRP trading has been doing the rounds a lot lately, especially since the United States’ Securities and Exchange Commission filed a lawsuit charging Ripple for...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
Since the United States’ Securities and Exchange Commission filed a lawsuit against Ripple alleging illegal securities offerings, the questions of who and when have been hanging over many in the crypto-community. After all, for an industry that has tried hard to leave the dark history of the Silk Road behind it, the need to desert...Read More
Bitcoin’s latest price rally has pushed the cryptocurrency’s value higher on the price charts, with BTC briefly climbing to $25,000 as well. However, while for a time the said rally was driven primarily by institutions, with Christmas over and the rest of the festive season coming up, one might expect institutions to leave the reins...Read More
23 December 2020, will be a day XRP holders would want to forget. The 52.92% drop during a 24-hour window indicated a catastrophic impact following news breaking regarding SEC’s decision to file a lawsuit against Ripple. Market corrections took charge the next day, and the coin managed to register a position above $0.33. While the...Read More
“In light of the recent SEC filing against Ripple Labs Inc., which alleges that XRP is a security, we are going to halt all trading and deposits of XRP for our US customers on 8 January 2021 at 9 PM UTC.” Bitstamp updated its US customers on 25 December. US customers will be able to withdraw...Read More
With so much confusion in the market regarding XRP and Ripple, there’s one lingering question among holders, “Should I buy/sell/hold XRP?” It all started with the SEC lawsuit. Ripple Vs. SEC: The Lawsuit The lawsuit filed by SEC against Ripple and its two executives – Chris Larsen and Brad Garlinghouse – is the most trending...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
News of the SEC lawsuit against Ripple has sent the price of XRP on a downward spiral, with the cryptocurrency falling by over 32% in the last 24 hours alone. Following the same, reactions were quick to come from all corners of the crypto-community, with Ripple CEO Brad Garlinghouse calling the lawsuit ‘illogical,’ claiming that...Read More
Santiment analysis found that ever since SEC announced its charges against Ripple, a number of wallets with large amounts of XRP seem to be shrinking. Santiment data indicated that wallets that hold 10 million XRP and more – worth more than $490,000 – have been on the decline. XRP whale addresses have dropped by 18,...Read More
Crypto fund manager Bitwise announced that the firm’s Bitwise 10 Crypto Index Fund has liquidated its position in XRP. Recently, US Securities and Exchange Commission accused Ripple and two of its executives that they allegedly raised over $1.3 billion through an unregistered, “ongoing” securities offering. Bitwise’s decision was a result of the SEC charges. The firm...Read More
The United States’ Securities and Exchange Commission’s legal action against Ripple and its CEO, Brad Garlinghouse, and co-founder Chris Larsen have spelled trouble for XRP. Amid falling prices and speculation in the market, prominent digital asset exchange OSL suspended all XRP payments and trading services. The tweet from OSL read: “Please note: In light of...Read More
Soon after Ripple CEO Brad Garlinghouse said that SEC was planning to sue the firm over its sale of XRP, Billionaire investor and Galaxy Digital founder Mike Novogratz took to Twitter to speak about the recent developments. On 22 December, Novogratz said that he found it strange that Jay Clayton “waited years” to sue Ripple....Read More
