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“# 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…
“# Price analysis 12/28: BTC, ETH, XRP, LTC, BCH, DOT, ADA, BNB, LINK, XLM ” Several central banks have resorted to unprecedented monetary expansion and aggressive rate cuts to support their respective economies badgered by the coronavirus pandemic. Record liquidity has resulted in sharp rallies in the S&P 500, gold, and Bitcoin (BTC), which suggests…
“# XRP price just surged 40% in a surprise relief rally — Here’s why ” XRP price spiked by 40% in the past 24 hours, recording a 52% gain at the day’s peak. Behind the surprising rally was a big short squeeze that caused massive volatility within hours. It is evident that the upsurge was…
“# 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…
“# 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…
“# Price analysis 12/23: BTC, ETH, XRP, LTC, BCH, LINK, BNB, ADA, DOT, XLM ” The current crypto bull run has been spearheaded by Bitcoin (BTC). As the United States Securities and Exchange Commission has previously hinted that Bitcoin is not a security, the regulator’s current lawsuit against Ripple is unlikely to stop the institutional…
“# 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…
“# SEC unveils suit against Ripple, calling XRP a ‘$1.3B unregistered security offering’ ” The U.S. Securities and Exchange Commission has taken legal action against Ripple as well as its CEO Brad Garlinghouse and co-founder Christian Larsen. In charges filed today in federal district court in Manhattan, the commission is alleging that the XRP token…