US SEC Sues Ripple for Selling XRP as Unregistered Securities, XRP Tanks Over 25%
The US SEC has accused Ripple of selling $1.3 billion worth of XRP as unregistered securities during its 2013 ICO. The Ripple lawyers say that the allegations are completely baseless and XRP is not an “investment contract”.On Tuesday, December 22, the United States Securities...
SEC to Sue Ripple, CEO Garlinghouse Reveals
The US Securities and Exchange Commission (SEC) has been revealed to be on the verge of suing Ripple Labs Inc for illegal sales of securities. This put them in the same bracket as companies that suffered a similar fate like Kik Interactive Inc.“Clayton did...
XRP Attempts to Bounce Back while Bitcoin Sets New ATH Record
According to a report, the price of XRP currently has three major resistance which are 2818 SAT, 3600 SAT, and 4200 SAT.Bitcoin has finally broken a key resistance point, overtaken its previous all-time high of near $20,000 to settle in the $22,549 price point....
XRP price: Will the Flare Network airdrop trigger a rally to $1.00?
As Bitcoin (BTC) has been in the spotlight in recent months, the altcoin XRP (XRP) has been doing reasonably well in its own right. Bitcoin’s rally has been associated with institutions and Wall Street jumping on this new asset class and digital store of...
Ripple CTO says the company would burn 48 billion XRP if “majority wanted rule change”
Ripple, the distributed payment processing service and issuer of the Ripple, has received a lot of flak in the past years for using XRP to keep itself afloat while maintaining its distance from the token.For reference, Ripple sold over $32 million worth of XRP...
Ripple has sold $15M of its stock in MoneyGram
Ripple Labs has sold a huge chunk of its 2019 investment in MoneyGram.
Per a Friday night filing with the Securities and Exchange Commission on Friday night, from Nov. 27 through Dec. 4, Ripple Labs managed to sell 2,264,113 shares of MoneyGram (MGI). The tech...
This upcoming 45 billion token airdrop is one of the reasons why retail is pumping XRP
XRP has surged over 133% in the past week, and over 150% in the past month alone. But what’s driving up interest in the payments protocol? An upcoming airdrop seems to be the likely answer.Enter Flare Network and SPARK tokensFlare Network, a smart contract...
XRP is now up 200% since the start of November, at highest price since mid-2018
XRP has ripped higher over the past few days as the coin finally begins to catch up with Bitcoin and the decentralized finance (DeFi) market.Despite the fact that the coin has not seen ostensible fundamental events, it is roaring higher, pulling no punches in...
1.1m XRP stolen in phishing scam on crypto wallet Ledger lookalike
Crypto scams and attacks are on the rise once again as the broader sector breaks out of a nearly three-year-long bear market.The process is usually as follows: Scammers target sites like YouTube, Twitter, and Google searches to trap unsuspecting users and create either fake...
Ripple CTO Explains Why Financial Institutions Are Reluctant to Adopt XRP in Remittances
XRP has dropped approximately 17% while Bitcoin has rallied over 48% in the past twelve months.As notable global financial players including PayPal Holdings Inc (NASDAQ: PYPL) recently enter the crypto industry, major digital assets have significantly benefited. However, XRP, which is heavily controlled by...