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
Following the SEC charges on Ripple and numerous cryptocurrency exchanges delisting the native token, Ripple has issued another statement to confirm its belief that this is an attack on the entire industry. XRP reacted with a brief pump, but the asset’s value continues to tumble on a daily basis. Ripple’s Latest Reaction On The SEC...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 Price Dipped more than 30% XRP price is dropping further while many of them are interested to take an entry into the XRP Army. Monday recorded nearly 40% plunge in the XRP price followed by another 35% plunge on Tuesday. Additionally, the plunge accelerated following the announcement from the Coinbase of suspending the XRP...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
XRP Price Trumble Following Delisting on Major Exchanges Without a doubt, the focus of this week’s has been the drama centered around Ripple. The asset slipped to 4th place in the global cryptocurrency market rating with the current market capitalization of $13.2 billion and an average daily trading volume of $9.5 billion. Since last week, Ripple...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
The United States has been seeing many crypto-centric businesses come under stricter regulatory scrutiny lately. This was evidenced by the fact that the Treasury Department and other agencies on Wednesday asked the aforementioned firms to tighten protections against money laundering, while on the topic of the recent question of stablecoin regulations. According to a statement...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
Will XRP Price go to Zero or Bounce Back Ripple is currently in dire straits nowadays as the SEC and the crypto market both are going negative for XRP. The SEC had sued Ripple for illegally selling 1.3 billion XRP tokens and with this news outspread in the crypto space, XRP price also touched the...Read More
The XRP price crash in the last 48 hours has pulled down major altcoins heavily. Almost all the top-10 altcoins have currently entered the consolidation phase. The heavy price plunge in XRP pushed its market value down to $12.16 Billion that is 1.92% of the total cryptocurrency market value. At press time XRP is trading...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
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
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
It’s a bearish start to the day for the majors. Failure to move back through early highs would bring support levels into play. The Fourth largest crypto asset by market capitalization, XRP price extended its losses and dropped to a two-month low. Analysts and traders believe that the XRP market might quickly dry up, causing...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
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
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
Ripple’s Chief Technology Officer [CTO], David Schwartz had announced an upgrade to the XRP Ledger [XRPL] back in November. Schwartz has now shared the first results of the major performance optimization of the ledger. Calling the results “incredibly encouraging” Ripple’s CTO spoke about combining different performance optimizations proposed by various software engineers. The CTO added...Read More
