The votes are in, and it’s now official that the 47th US President will be the 45th one – Donald J. Trump. Now, the crypto industry will wait to see if he will follow through on his multiple promises to let it thrive and support it in various ways. One of those promises made during...Read More
Ripple’s blockchain network, XRP Ledger, has recorded significant on-chain growth over the past month. This signifies investor confidence in the network and its native token, XRP. According to a CryptoQuant QuickTake from analyst Wenry Seoul, XRP saw an increase in automated market maker (AMM) liquidity, decentralized exchange (DEX) transaction volume, and the number of new...Read More
Bitnomial has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its five commissioners, accusing the agency of overextending its jurisdiction. The company’s case disputes the SEC’s classification of XRP as a security, which the agency claims qualifies as an investment contract under the Securities Exchange Act. The Case Details The Chicago-based...Read More
On Oct. 8, ETF issuer Canary Capital filed with the US Securities and Exchange Commission for an exchange-traded product for Ripple’s XRP. It is the second filing for an XRP-based fund in a fortnight, following Bitwise’s application for the Bitwise XRP ETF trust on Sept. 30. The firm stated that the product would track XRP’s...Read More
Last week, the US Securities and Exchange Commission filed an appeal in the case against Ripple Labs. This has been one of the most highly anticipated moves, and many speculated that the watchdog would forego its right to do so because its chances of winning are slim. This is also probably the reason why XRP’s...Read More
The U.S. Securities and Exchange Commission’s (SEC) Director of Enforcement, Gurbir Grewal, has announced his resignation, effective October 11, 2024. His sudden exit comes at a critical moment for the regulator, as it is filing an appeal in its high-profile case against Ripple. Grewal Leaving as SEC Appeals Ripple Decision The departure was announced in...Read More
This week, Bitwise registered a trust entity called “XRP ETF” in Delaware. The following day, the asset manager filed an S-1 form with the US Securities and Exchange Commission, a necessary step for companies aiming to launch a new security and list it on a public stock exchange. As a result, the optimism surrounding a...Read More
Crypto asset manager Bitwise has officially filed for an XRP exchange-traded fund (ETF) in Delaware. It marks a major step in the push toward institutional-level investment in Ripple’s native cryptocurrency. Bitwise CIO Says Filing is Genuine Fox Business reporter Eleanor Terrett took to X on October 1 to break the news that Bitwise had registered...Read More
The entire cryptocurrency market has experienced a late 2024 revival since the middle of last week when the US Federal Reserve cut the interest rates in the country by 50 basis points. While BTC, ETH, and other altcoins have produced impressive gains, Ripple’s native token is trailing behind, trading mostly flat on a weekly and...Read More
The prospects of Ripple Labs filing for an initial public offering have been discussed at large throughout the past couple of years. Brad Garlinghouse, the company’s chief executive officer, spoke today at a fireside chat at Korea Blockchain Week, which is currently held in Seoul. Ripple IPO in the US? Speaking at the conference, Garlinghouse...Read More
Ripple recently announced a collaboration with Archax, the first digital asset exchange regulated by the UK’s Financial Conduct Authority (FCA). Now, RippleX, the company’s development arm, is coming up with a critical prediction concerning the XRP Ledger. Ripple Devs Seeing a “New Era” for the XRP Ledger In a recent update, RippleXDev, the development arm...Read More
The case between the US Securities and Exchange Commission and Ripple Labs moved forward after Judge Analisa Torres ruled that the company should be fined $125M in a decision that partly honored and partly discharged the SEC’s claims. Now, industry participants and experts are speculating on the odds of its outcome, which is likely to...Read More
Following a significant drop to the crucial support region of $0.43, Ripple encountered increased buying pressure and saw a substantial surge, pushing the price back above the 100 and 200-day moving averages. This recent action has left market participants uncertain about XRP’s overall direction, with the upcoming movements likely providing clarity. By Shayan The Daily...Read More
The long-awaited conclusion to the settlements phase of the trial passed with a much smaller fine than the SEC had requested. U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) decided on a sum just a little over $125 million— instead of the $2 billion fine the SEC wanted. Investors...Read More
This article represents the opinion of the author and is not to be construed as financial advice. Ripple’s XRP may be one of the most undervalued currencies in the blue-chip blockchain economy. That’s due to XRP’s legal success against the SEC and its product development. Could XRP price be gearing up for a moonshot bull...Read More
RippleX, the portal designed to empower developers in the XRP Ledger ecosystem, shared an important update today that requires action from certain users. In a post to Twitter, RippleX took the opportunity to remind people that anyone operating a node on XRPL has to upgrade to the latest version of Rippled in order to ensure...Read More
The crypto market has broadly retraced its momentary gains since the start of the week on Tuesday, though XRP has managed to retain some bullish momentum. Part of the reason is due to a major court ruling regarding the Securities and Exchange Commission (SEC)’s lawsuit against Binance, which Ripple has now leveraged in its ongoing...Read More
The ongoing case between Ripple Labs and the United States Securities and Exchange Commission is in its trial phase. And although this is technically the point of the lawsuit where it is supposed to get resolved, there’s no telling when it might actually end. That said, here’s what’s been going on lately as of June...Read More
Ripple’s XRP has been one of the cryptocurrencies that managed to maintain relative stability during the ongoing market turbulence. In fact, for the past 24 hours, it has added 0.62% to its price and remains trapped in a relatively tight range at around $0.48. XRP Trading Volume Soars Data from CoinMarketCap reveals that, at the...Read More
The ongoing legal disputes that Ripple is having with the United States Securities and Exchange Commission have been at the forefront of the cryptocurrency industry for quite a while. The case is currently in its last stage, but it’s not the only one that the company has to face. Ripple’s Legal Woes in California In...Read More
Ripple – the company behind the popular cryptocurrency XRP – has announced that it acquired an enterprise-grade regulated platform for digital assets called Standard Custody & Trust Company. According to the official announcement, the move is aimed at underscoring Ripple’s commitment to regulatory compliance. Speaking on the matter was Monica Long, Ripple President, who said:...Read More
Ripple has been making moves, transferring millions of XRP to centralized exchanges and to other wallets. The company initiated three “whale” transfers flagged by a popular service that tracks large transactions. First things first, it’s important to outline that there’s been a development in the case between Ripple and the United States Securities and Exchange...Read More
A U.S. judge has ordered Ripple Labs to provide its historical financial statements, responding to a longstanding request from the Securities and Exchange Commission (SEC), according to court documents. SEC initiated legal action against Ripple over three years ago, accusing the company of conducting unregistered sales of its XRP cryptocurrency. Ripple to Disclose Financial Records...Read More
The topic of a potential Initial Public Offering by Ripple is not a new one. It’s been a heavily-discussed possibility amongst holders. Most recently, however, Brad Garlinghouse – the CEO of the company – made it clear that taking the company public was not a top priority. However, he also said that they had been...Read More
Ripple’s Chief Technology Officer, David Schwartz, has shown his support for the proposed governance changes within the XRP Ledger Foundation (XRPLF). The move comes in response to a comprehensive proposal by XRP Ledger developer David Fuelling, aiming to enhance transparency and decentralization within the XRPL governance systems. Open Dialogue and Community Involvement In a recent...Read More
Ripple’s correction in January was a significant event because it enjoyed key support at the $0.62 level for the two months spanning November and December. Furthermore, over that time period, XRP charted a falling wedge pattern, often a technical indicator of a reversal to a bullish trend. All the major Ripple news over that time...Read More
An illuminating conversation unfolded on X this week about XRP Ledger’s smart contract features. A Ripple expert corrected some misconceptions that Ripple is not as feature-rich as its competitors. Are Ripple Use Cases Limited? If you ask Google Bard or any AI chatbot why XRP price hasn’t shown the kind of gains Bitcoin (BTC) and...Read More
The New York Times featured the Ripple Labs president in a recent special series on global consumer behavior in 2024. “We asked a global group of entrepreneurs, business leaders and academics to assess consumer behavior,” wrote the Times. Ripple President Explains Global Appeal of XRP For her part in the series, Long makes the case...Read More
Five months after Ripple’s resounding legal triumph over U.S. regulators, the company’s cryptocurrency has shed virtually all of its former gains against its digital competitors. The XRP/BTC price ratio has returned to its level from prior to July 13, after which XRP rallied against the market’s leading crypto asset by ~80% within a week. Back...Read More
Ever since a US judge ruled in July that XRP tokens are not securities, the SEC has been the underdog in its long-running feud with Ripple Labs. Meanwhile, a new development strikes a blow against the SEC’s standing with the government. The US Government Accountability Office ruled Tuesday that the Commission violated oversight rules with...Read More
