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“# Grayscale reportedly dumps massive stakes in XRP, XLM ” Grayscale Investments, the world’s largest digital asset manager, has reportedly dumped a significant portion of its XRP and XLM holdings. Data from Bybt, a cryptocurrency futures trading platform, reveal that Grayscale’s XRP holdings declined by more than 9.18 million on Dec. 29, bringing its total…
“# SEC lawsuit against Ripple set for virtual pretrial conference in February ” The U.S. District Court of the Southern District of New York has fixed Feb. 22, 2021 as the date for the pretrial of the lawsuit filed by the Securities and Exchange Commission against Ripple Labs and its principal actors. According to a…
“# Bittrex joins Coinbase in delisting Ripple’s XRP following SEC lawsuit ” Cryptocurrency exchange Bittrex announced on Dec. 29 that it will be removing all XRP markets starting from Jan. 15, 2021. Trading pairs affected are BTC/XRP, ETH/XRP, USDT/XRP and USD/XRP. The announcement comes just days after fellow exchange Coinbase said that it would suspend…
“# Ripple vows to respond to SEC ‘attack’ amid exchange delistings of XRP ” With XRP plunging in value following a wave of exchange delistings and trading suspensions, Ripple Labs issued a statement Tuesday vowing to respond to the United States Securities and Exchange Commission’s allegations against the company. The statement opens with the following…
“# Coinbase announces it will suspend XRP trading as price drops another 10% ” Major cryptocurrency exchange Coinbase will suspend trading for XRP in response to the United States Securities and Exchange Commission taking legal action against Ripple. According to a blog post published today by Coinbase chief legal officer Paul Grewal, the exchange will…
“# XRP price faces a rocky road to recovery ahead of SEC’s Ripple lawsuit ” Just over a month ago on Nov. 24, XRP’s value surged to above the $0.90 mark on U.S. cryptocurrency exchange Coinbase, albeit momentarily, leading many backers to believe that the digital currency was all set to skyrocket once again, possibly…
“# SEC vs. Ripple: A predictable but undesirable development ” The U.S. Securities and Exchange Commission has not been kind to crypto in the past year. In March 2020, in the SEC v. Telegram case, the Commission won a worldwide injunction against the proposed issuance of Grams by Telegram, undoing years of innovative work even…
“# Novogratz hopes Biden admin reverses Trump’s anti-crypto stance ” The United States is in desperate need of open-minded cryptocurrency regulations from the incoming Biden administration, according to Galaxy Digital CEO Mike Novogratz. Appearing in a Thursday segment of CNBC’s Sqwuak Box, Novogratz said the Bitcoin (BTC) bull market has proven resilient to the recent…
“# Elad Roisman appointed acting chairman of SEC, according to Hester Peirce ” Elad Roisman will take over as Chairman of the United States Securities and Exchange Commission effective immediately, according to Commissioner Hester Peirce. Peirce broke the news on Twitter Thursday morning, where she congratulated Roisman for his appointment. Congratulations, Chairman Roisman! I look…
“# 3 reasons why XRP price can continue to fall after a 63% crash in four days ” XRP price dropped steeply below $0.3 on Dec. 24, hitting as low as $0.2138 on Binance. The selling pressure on XRP has intensified in the aftermath of the high-profile lawsuit filed by the United States Securities and…