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“# Reddit rage as XRP price crashes 50% hours after hitting two-week highs ” XRP, the number four cryptocurrency by market cap, crashed nearly 50% in under two hours on Feb. 1 as a trading frenzy backfired on new investors. XRP/USD 1-hour candle chart (Bitstamp). Source: TradingView XRP traders nurse 48% losses Data from Cointelegraph…
“# XRP price gains 86% after Wall Street Bets’ crypto wing says ‘pump it’ ” XRP price underwent a strong 86% breakout in the early trading hours on Jan. 30 as the fourth-ranked cryptocurrency by market cap became the new coin of focus in the r/Wallstreetbets cryptocurrency-focused off-shoot r/Satoshistreetbets. Data from Cointelegraph Markets and TradingView…
“# Ripple demands to know why Ether isn’t a security as XRP defense gets desperate ” Ripple’s case before the Securities and Exchange Commission is threatening to have major, well, ripple effects for the industry. On Jan. 29, Ripple Labs filed its response to the SEC’s complaint. Ripple, as it has many times before, argued…
“# Mystery surrounds bizarre class-action lawsuit against Ripple over $48 loss ” The Ripple community is at a loss to explain the motivation behind a class-action lawsuit filed by Florida man Tyler Toomey against Ripple Labs and Ripple CEO Brad Garlinghouse over a $48.56 loss. In November 2020, Toomey purchased 135 XRP tokens at $0.724…
“# Florida class action lawsuit alleges Ripple violated securities laws ” Ripple Labs, a company behind the Ripple payment protocol and XRP-based products, is facing another lawsuit alleging the firm violated securities laws in the United States. According to a Jan. 25 court filing, Florida-based XRP investor Tyler Toomey has filed a civil suit against…
“# XRP price fails to ignite recovery as SEC enforcement director leaves post ” The XRP (XRP) price remained relatively unmoved on Thursday, Jan. 14, even as the broader cryptocurrency market ignited a recovery that saw over $150 billion flood back into the global market cap. Earlier this week the United States Securities and Exchange…
“# Grayscale Investments liquidates all of its XRP … while it still can ” Institutional crypto fund manager Grayscale Investments has begun the dissolution of its XRP Trust in response to the SEC’s December lawsuit alleging the XRP token is a security under U.S. law. According to an announcement published Jan. 13, Grayscale decided to…
“# GateHub to continue supporting XRP despite Ripple’s legal issues ” As Ripple faces serious legal charges over its associated token XRP, many crypto platforms have decided to drop support for the coin until things are settled. However, GateHub, a United Kingdom-based cryptocurrency gateway service, has decided to continue listing XRP. According to a Jan….
“# Bakkt has no plans to support XRP, says CEO ” Bakkt, one of the biggest cryptocurrency companies in the United States, will not support XRP as part of its further product development, according to the CEO. On Jan. 11, Bakkt CEO Gavin Michael sat down with the Axios Re:Cap podcast to discuss the mainstream adoption of…
“# XRP price must break this key resistance to regain bullish momentum ” XRP holders are still struggling around the $0.30 area while the majority of the cryptocurrency markets are euphoric with Bitcoin (BTC) price surpassing $40,000. BTC price is currently over 100% higher than the previous all-time high in 2017, while XRP’s price is still…