The United States Securities and Exchange Commission’s decision to initiate a lawsuit against Ripple (XRP) has taken a toll on the broader cryptocurrency market. Whether Ripple is a security or not has gotten debated extensively and is the primary focus of the suit. That said, the final judgment of this case will test the effectiveness […]
For its Q1 report for 2021, Ripple (XRP) has announced that it grossed a total of $150.34 million in XRP sales, a 97% increase from its Q4 2020 report of $76.27 million. The company noted that the sales boom was triggered by the growing demand for RippleNet’s On-Demand Liquidity or ODL service. The company noted […]
Although Ripple Labs recently filed for a dismissal of the ongoing lawsuit with the Securities and Exchange Commission (SEC), the cryptocurrency company still faces multiple challenges. Despite the recent ruling by Judge Sarah Netburn, which allowed for the discovery of SEC documents on Bitcoin, Ethereum, and Ripple (XRP), the securities agency may have a case […]
As the legal battle between the US Securities and Exchange Commission and Ripple Labs enters its fifth month, Ripple CEO Brad Garlinghouse, in an interview with Fox Business, noted that he has a good feeling about the progress his company has made in court. The cryptocurrency provider has succeeded in scoring some legal points against […]
The Securities and Exchange Commission (SEC) is accusing Ripple (XRP) of “harassment” shortly after its executive won a bargain to gain access to internal documents from the regulatory body. The documents contain details on Bitcoin (BTC), Ethereum (ETH), and Ripple, where the SEC classifies them as digital currencies. That said, the SEC is striving to […]
James Filan, the attorney representing Ripple Labs and two of its executives, recently tweeted that a discovery conference has been called between the US Securities and Exchange Commission (SEC) and Ripple (XRP) and could swing in favor of his clients. The conference will address the SEC’s attempts to obtain information from foreign regulators against Ripple […]
Ripple (XRP) has spiked to a new three-year high to almost $2 as Europe’s largest cryptocurrency investment firm, CoinShare, launches an XRP-focused ETP. After releasing exchange-traded products (ETP) for Bitcoin, Ethereum, and Litecoin, CoinShares has trained its focus on an XRP ETP. The Europe-based crypto investment firm revealed that the XRP ETP would get listed […]
An XRP enthusiast, Thomas Hodge, has initiated a petition on Change.org charging the SEC Chairman-designate Gary Gensler to “end the war on XRP.” Gensler is President Joe Biden’s appointee to head the US Securities and Exchange Commission following the end of Jay Clayton’s tenure as SEC Chairman. The petition narrates that: “We’re asking Gary Gensler, […]
While Bitcoin struggled to make any headway above the $60k resistance over the week, many altcoins have gained insane bullish momentum, propelling them to new highs. One such altcoin is Ripple (XRP), which posted an impressive climb above the $1 mark for the first time since 2018. The recent spike also helped the cryptocurrency reclaim […]
