Accesswire published a press release today claiming that Ripple had finished its battle with the SEC. Stuart Alderoty– General Counsel for Ripple– promptly responded by calling the story false. Accesswire has since removed the story from their site. What Did The Press Release Say? Though the original link has been taken down, Accesswire’s article was...Read More
Ripple has announced the establishment of a new fund worth $250 million to support the building of non-fungible token projects on its XRP ledger. The company promised to provide artists with the necessary support. Ripple took it to Twitter earlier on September 29th to outlined its newest endeavor, which this time will focus on the...Read More
Rosie Rios – 43rd Treasurer of the United States – recently voiced her support for XRP. Meanwhile, she implies that Bitcoin and Ethereum are merely speculative assets by comparison. Rios Backs Ripple The former treasurer tweeted her thoughts yesterday, stating that XRP has a role in facilitating cross-border payments, while the current top cryptocurrencies lack...Read More
Ripple may not be the most beloved company in the crypto-verse, but its perseverance and desire to grow despite setbacks is something to be recognized. RippleX, Ripple’s branch focused on boosting the development of technologies around the XRP Ledger, has recently announced its first wave of XRPL grants and it is embracing the NFT mania. ...Read More
The legal case between the United States Securities and Exchange Commission (SEC) and the blockchain company Ripple Labs continues to intensify and this time, the regulator has been granted access to the payment processor’s employee Stack communications. A Win for the SEC As reported by Law360, the SEC earned the discovery win after US Magistrate...Read More
Amidst an ongoing legal tussle with the securities and exchange commission, Ripple defendants have fired back with a motion to expose the XRP holdings of SEC employees, a token they have alleged is an unregistered security. RIpple’s Recent Motion On August 27th, attorney James Filan unveiled Ripple’s new motion demanding the SEC to produce documents...Read More
Just a few days after filing a motion to receive access to “obtain international discovery” of records belonging to Binance, US Magistrate Judge Sarah Netburn has approved Ripple’s request. The documents should shed some light on the company’s XRP sales made on the exchange. Through its legal team, Brad Garlinghouse, the CEO of Ripple, filed...Read More
Bitcoin has initiated another leg up, resulting in charting a new two-month high of just over $42,000. Apart from Chainlink, most alternative coins trail behind, and BTC’s market dominance has increased to well above 48%. Bitcoin Taps a 2-Month High As reported earlier this week, bitcoin went on a tear after dabbling with the $33,000...Read More
Bitcoin Bitcoin saw an impressive 20% price hike this week as it reached the $40K resistance level. The cryptocurrency penetrated above a descending wedge formation last Thursday and continued above the 20-day MA level last Friday. Since breaking the wedge, BTC surged higher inside an ascending price channel as it broke the 50-day MA level...Read More
XRP/USD – XRP Remains Inside June Falling Price Channel. Key Support Levels: $0.6, $0.556, $0.5.Key Resistance Levels: $0.7, $0.72, $0.781. XRP is down 5% this week as it struggles to break the 20-day MA near $0.7. It is also trading inside a falling price channel that was established at the beginning of June. Each time...Read More
Following another drop to around $33,000, bitcoin has bounced off and neared $35,000 once again. The alternative coins, especially some connected to the DeFi sector, have seen more substantial gains, with Uniswap rising 11% and Aave and Compound jumping by more than 20%. DeFi Coins Surge by Double-Digits After marking minor losses yesterday, most of...Read More
XRP/USD – XRP Falls Short At 20-day MA Key Support Levels: $0.6, $0.556, $0.5.Key Resistance Levels: $0.7, $0.72, $0.781. XRP has been trading inside a falling price channel since the start of June. However, the cryptocurrency bounced from the lower boundary of this price channel at the end of the month and hit $0.7 at...Read More
Following the positive weekend in terms of trading action, bitcoin has retraced by a few thousand dollars to just above $34,000. Most altcoins have also failed to continue upwards as ETH has dipped below $2,300, and BNB is close to breaking beneath $300. Bitcoin’s Trading Volume Drops as BTC Retraces Bitcoin proved most assumptions wrong...Read More
Bitcoin’s weekend struggles seem to be nowhere near as the cryptocurrency initiated another leg up and reclaimed $35,000. Most of the altcoins have charted gains as well, with Ethereum jumping above $2,300 for the first time since mid-June. Bitcoin Reconquers $35K After the volatile week in which BTC reached a multi-day high of $36,600 and...Read More
After the enhanced volatility in the past few days in which BTC displayed several multi-thousand dollar moves, the cryptocurrency has calmed around $35,000. Some altcoins have charted more significant gains, with ETH reclaiming $2,100 and DOT surging 6%. ETH Above $2,100; DOT Reconquers $16 The alternative coins mimicked BTC’s performance in the past several days...Read More
After the Saturday bloodbath in which bitcoin dipped to just over $30,000, the cryptocurrency has bounced off and recovered more than $3,000 of value. Most altcoins have also reacted well, with ETH surging to nearly $1,900, and the market cap has reclaimed $100 billion in a day. Bitcoin Spikes Above $33K As it happened during...Read More
Another weekend starts with another adverse price movement for bitcoin as the asset dropped by several thousand dollars to below $31,000. The alternative coins are also deep in red, with ETH dumping below $1,800, and the total market cap has seen $160 billion gone in a day. Bitcoin Plummets Below $31,000 It’s almost becoming a...Read More
This week was a complete rollercoaster in the cryptocurrency market. Unfortunately, things failed to turn out for the better and the majority is trading in the red. Bitcoin Bitcoin is down a steep 11.7% this week as it currently trades beneath $34,000. The cryptocurrency started the week by dropping into support at $31,185 (downside 1.618...Read More
XRP/USD – XRP Rebounds From 2019 Highs Key Support Levels: $0.6, $0.556, $0.5.Key Resistance Levels: $0.72, $0.781, $0.8. XRP is down by a sharp 23% over the week after falling beneath the 2020 highs at $0.8282 and dropping below the 200-day MA at $0.72. It continued down until support was found at $0.55 – the...Read More
No boring days in crypto as bitcoin went through a roller-coaster with a few thousand-dollar moves down and up. The alternative coins also recovered some of the losses, with the entire market cap regaining $200 billion since yesterday’s low. Bitcoin Reclaims More Than $5K It all seemed calm during the weekend when BTC stood in...Read More
Bitcoin’s price continues to lose ground, and it dropped to just over $31,000 hours ago. However, its dominance over the market has increased to a monthly high as most alternative coins have dumped by double digits. Bitcoin Dominance on the Rise Despite the Correction As CryptoPotato reported over the weekend, BTC had recovered some of...Read More
Jeff Currie – the Global Head of Commodities Research at Goldman Sachs – shared his thoughts on Bitcoin being a gold replacement. According to him, digital assets are substitutes for copper. From Gold to Copper In a recent CNBC interview, Jeff Currie warned that cryptocurrencies are risky and people should not consider them as a...Read More
Ripple has been included in CNBC’s Disruptor 50 as the #38 of most successful private companies this year —primarily due to its innovative approach towards borderless payment technology and becoming one of the largest crypto companies in the world. This year’s CNBC’s Disruptor 50 is the ninth annual list of private companies thriving amidst the...Read More
While Ripple continues with its ongoing legal battle against the SEC in the US, the payment processor has partnered with Egypt’s largest and oldest bank – the NBE. By utilizing RippleNet and the financial service provider LuLu, the National Bank of Egypt will process cross-border payments from the UAE to the African country. Ripple Brings...Read More
Ripple has stated that for the first three months of 2021, its total sales of XRP were $150.34 million, 97% higher than the $76.27 million reported for Q4, 2020. The company stated that the increase in sales figures was led by the growing demand for RippleNet’s On-Demand Liquidity or ODL service. “Ripple continued to engage...Read More
Should Ripple prevail in its ongoing legal battle against the SEC, the payment processor will join the trend of crypto-related companies going public, said the CEO of SBI Group – one of the largest shareholders in the firm. During an earnings presentation call, SBI Group’s CEO, Yoshitaka Kitao, spoke about the relationship between the entity...Read More
The Securities and Exchange Commission (SEC) has accused Ripple of “harassment” after its executives were granted access to internal documents from the regulatory body. The documents allegedly contain information about three currencies —BTC, ETH, and XRP, where the SEC classifies the three of them as “digital currencies.” Now the SEC wants to limit access to...Read More
Ripple’s CTO, David Schwartz, has been gradually offloading his bitcoin position for years and is currently left with about 2% of his entire stack. During a recent Twitter threat, he outlined the significance of taking profits while blasting the narrative that investors can’t lose money if they don’t sell during a bear market. Ripple’s CTO...Read More
The narrative that cryptocurrencies are not used as payment methods continues to be debunked, with numerous companies enabling such transactions lately. One of the largest Canadian brokers, Matrix Mortgage Global, is the latest to introduce payments with Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP), and some stablecoins. Mortgage Payments with Crypto Founded in...Read More
On April 6, Ripple Labs won discovery from the U.S. Securities and Exchange Commission concerning its internal discussions on the status of its XRP token as a security. Ripple Can Argue its Case, but It’s Not Over Yet According to Law360, U.S. Magistrate Judge Sarah Netburn granted the motion determining that SEC minutes or memos...Read More
