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“# XRP whales are sinking fast ” Wallets holding oversized XRP positions are plunging quickly in the wake of the United States Securities and Exchange Commission’s lawsuit against Ripple. Industry data reveals just how quickly these so-called XRP whales are sinking. Coin Metrics, a leading data provider on all things cryptocurrency and blockchain, estimated that…
“# Grayscale dumps XRP: Here’s where it’s putting the cash ” Grayscale Investments, the world’s largest cryptocurrency asset manager, announced Tuesday that it has liquidated its XRP holdings and used the remaining funds to buy up more Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC). The decision affects Grayscale’s Digital Large Cap Fund, a market-cap-weighted…
“# Litecoin briefly flips XRP as 4th largest crypto amid Ripple–SEC spat ” Litecoin (LTC) and XRP briefly traded places in market capitalization rankings over the weekend, highlighting the impact of the recent lawsuit against Ripple filed by the United States Securities and Exchange Commission. The so-called “flippening” happened early Sunday when Litecoin’s market cap…
“# Uphold will not delist XRP before court decision ” Cryptocurrency payment processor and exchange operator Uphold has formally clarified that it will not delist XRP for the time being. As part of an announcement made on Monday, Uphold stated it will not be removing XRP from its crypto offering until the lawsuit filed by…
“# XRP holders ask court to stop the SEC from calling their holdings securities ” Several investors in XRP have filed with a Rhode Island court, looking to change the course of the Securities and Exchange Commission’s case against Ripple. In response to what it calls “the most significant SEC enforcement action in modern history,”…
“# XRP enthusiasts seek to force White House’s hand on SEC suit ” As token prices plunge and Ripple prepares for court, a band of XRP enthusiasts have rallied around a petition that may force a White House statement on the recent SEC lawsuit alleging Ripple conducted an unregistered securities offering. A petition filed on…
“# Relax, Tether won’t be targeted by SEC, says Bitfinex CTO ” Paolo Ardoino, the outspoken chief technology officer of Bitfinex, took to Twitter this week to dispel concerns that Tether could be the next target of the United States Securities and Exchange Commission. In response to a tweet from CryptoQuant CEO Ki Young Ju,…
“# US exchanges are suspending or delisting XRP left and right ” Binance.US, the American branch of the global crypto exchange, and crypto-friendly asset trading service eToro are the latest platforms to suspend XRP trading in the U.S. Announcing the news on Thursday, eToro revealed that U.S. customers will not be able to trade XRP…
“# Top 10 crypto and blockchain stories of 2020 ” The COVID-19 pandemic dominated the news in 2020, affecting myriad sectors — health, economics, social justice, politics and trade, as well as the cryptocurrency and blockchain industry. As country after country locked down to halt the virus’s spread, governments seized upon stimulus payments to preserve…
“# XRP the ‘third largest collapse of all time’ says The TIE’s Josh Frank ” The XRP token’s market capitalization has fallen almost $130 billion since its all-time high in 2018, making the cryptocurrency project’s decline comparable to the collapse of major financial institutions. According to Josh Frank of crypto-focused research company The TIE, the…