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“# MoneyGram distances itself from Ripple, says it doesn’t utilize RippleNet ” Global money transfer service MoneyGram has clarified the nature of its collaboration with its blockchain partner Ripple following the latter’s recent probe by the U.S. Securities and Exchange Commission. In a press statement issued on Dec. 23, MoneyGram revealed that it has never…
“# Bitwise dumps XRP investment amid SEC lawsuit against Ripple ” Bitwise Asset Management, one of the largest crypto fund managers, has fully divested from XRP amid the regulatory backlash against Ripple. In an official press release, Bitwise announced Wednesday that its position in XRP has been liquidated because its fund “does not invest in…
“# XRP price falls 24% in 24 hours as exchanges begin delisting ” XRP price fell 41% on Binance over the past three days as news of the lawsuit by the U.S. Securities and Exchange Commission (SEC)’s against Ripple became apparent. As a result, several small exchanges have already halted XRP trading. So far, three small exchanges, namely…
“# Ripple CEO Garlinghouse responds to SEC complaint against XRP ” Ripple CEO Brad Garlinghouse has responded to the latest regulatory complaint against XRP, assuring shareholders that the company will prove their case in the court. In a Dec. 22 blog post, Garlinghouse argued that the legal action against the XRP cryptocurrency brought by the…
“# Don’t expect Coin Center to stick up for XRP in the face of the SEC ” In its coming fight against the Securities and Exchange Commission, Ripple won’t see support from some of the mainstays of the crypto lobby. Jerry Brito, the executive director of Coin Center, made it clear on Tuesday that his…
“# XRP price plunges 21% in two days as SEC targets Ripple — What’s next? ” XRP price declined by 21% in two days on Coinbase from $0.5695 to $0.4491. The drop was accelerated by reports on Dec. 22 that the U.S. Securities and Exchange Commission (SEC)’s is preparing a lawsuit against Ripple. Brad…
“# SEC set to sue Ripple with XRP in the crosshairs ” Ripple will be sued by the SEC for allegedly selling unlicensed securities in the form of XRP tokens, according to Fortune. In a move reminiscent of Coinbase’s recent front-running of a New York Times expose of its alleged treatment of employees of color,…
“# XRP price still stagnant despite incoming Flare Network airdrop ” While Bitcoin (BTC) has hogged the majority of the mainstream limelight when it comes to the recent bullish action seen in the crypto market, the altcoin XRP has also surged over the past month, breaking out of a multiyear downtrend to regain some previously…
“# XRP price drops 13% since Flare Network airdrop — But the bottom may be close ” XRP is another cryptocurrency that has been doing well besides Bitcoin (BTC) in the past few months. However, its price has been slumping lately dropping below $0.50 on Dec. 14, or down nearly 15% over the past two days. On…
“# XRP price action imminent? A closer look at the market’s #3 crypto ” As the second-largest altcoin by market capitalization, XRP is hardly far from consideration during periods of significant bullish enthusiasm in the cryptocurrency market. Despite being 85% down from its January 2018 high, recent price spikes have sparked noticeable interest in XRP…