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“# XRP chart triggers sell-off warning after price explodes by 54% in one week ” XRP price almost surged to its three-month high following a strong uptrend continuation on Aug. 14. Nevertheless, its wild weekly run-up triggered overvaluation risks, thus raising possibilities of an imminent price pullback. In detail, the XRP/USD exchange popped 11.78% higher to…
“# XRP price chart ‘double bottom’ puts next bullish target at $1 ” Ripple’s XRP token could hit $1 in the coming sessions per a classic technical chart setup. Dubbed as “double bottom,” the trend reversal indicator appears after the price bottoms out at a level, rebounds toward a higher resistance level, and then pulls back to…
“# SEC wants ‘terabytes’ of Slack communications from Ripple ” The legal battle between the United States Securities Exchange Commission (SEC and blockchain-based payments firm Ripple continues, with the regulator wanting further access to Ripple’s internal communications. The SEC filed a motion with the Southern District of New York on Monday, requesting Judge Sarah Netbrun…
“# Ripple granted access to Binance’s records in SEC securities case ” The ongoing case between fintech firm Ripple and the United States Securities and Exchange Commission took another turn this week when the company was granted access to Binance’s documents. U.S. Magistrate Judge Sarah Netburn granted Ripple CEO Brad Garlinghouse’s motion to “obtain international…
“# XRP price skyrockets by 17% as double bottom chart pattern takes shape ” XRP price swung higher on July 28 as its parent company, Ripple, entered an agreement with SBI Remit to back a remittance corridor from Japan to the Philippines. Positive news boosts XRP price The Ripple blockchain’s native cryptocurrency, also ranked as…
“# Japan to test Ripple’s ODL service for money transfers to Philippines ” Showcasing the use of cryptocurrency in monetary transfers, Ripple has become a known partner for traditional institutions that wish to revamp their cross-border remittance services. Taking this vision further ahead, Ripple announced a new partnership with Japan’s SBI Remit Co., Ltd to…
“# Visa to acquire cross-border payments fintech Currencycloud ” Visa officially announced Thursday that it signed a definitive agreement to acquire Currencycloud, a fintech platform supporting about 500 banking and technology clients across more than 180 countries. The new acquisition aims to improve Visa’s foreign exchange business and expand them to serve financial institutions, fintechs…
“# It is time for the US to create a ‘Ripple test’ for crypto ” Most crypto enthusiasts are less than pleased with the United States Securities and Exchange Commission’s past approach to crypto. This is not because legitimate businesses oppose regulation but because of the breadth, complexity and uncertainty associated with the current regulatory…
“# Judge allows Ripple to depose SEC official who decided ETH is not a security ” San-Francisco-based fintech firm Ripple has notched up another small victory in its ongoing battle with the U.S. Securities and Exchange Commission. U.S. District Court Judge Sarah Netburn has denied the SEC’s motion to suppress the deposition of the former…
“# Mintable platform raises $13M, will integrate ‘carbon neutral’ NFTs on XRP Ledger ” An oversubscribed funding round has netted the Mintable nonfungible token (NFT) minting platform and marketplace a cool $13 million. The Series A funding round for the Singapore-based startup included some big name participants including Ripple, mobile and blockchain gaming developer Animoca…