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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…
“# 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…
“# A crypto New Year’s resolution: Modernize security infrastructure ” It’s safe to say that 2020 has been a banner year for the digital-asset space. Bitcoin (BTC) soared past its previous high, and many other prominent cryptocurrencies reached their highest levels since the heyday of 2017 and early 2018. Across the financial services industry, institutional…
“# 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…
“# 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…
“# 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…