Browsing:XRP

Ripple Labs is now embroiled in a $2 billion legal dispute with the Securities and Exchange Commission (SEC)
3 days ago 1 min read

Ripple (XRP) faces $2B SEC fine, vows to fight in ongoing crypto clash

Ripple Labs is now embroiled in a $2 billion legal dispute with the Securities and Exchange Commission (SEC), as stated by Ripple’s chief legal officer, Stuart Alderoty. Alderoty condemned the SEC for using deceptive strategies and accused it of attempting to frighten both Ripple and the broader industry. Ripple CEO Brad Garlinghouse expressed disapproval of the Securities and Exchange Commission’s (SEC) request for $2 billion, deeming it exorbitant. He referenced the DEBT Box case, in which Judge Robert Shelby reprimanded the SEC for engaging in fraud. The current legal dispute between the SEC and Ripple centers on the classification of

March 26 has significant importance for Ripple Labs in its legal dispute with the US SEC
4 days ago 1 min read

Ripple braces for pivotal March 26 in legal showdown with SEC

March 26 has significant importance for Ripple Labs in its legal dispute with the US Securities and Exchange Commission (SEC). The SEC has submitted its first brief on the remedies it is seeking, which is presently confidential. This document provides an overview of the sanctions and legal measures that are being sought against Ripple, marking a key milestone in an ongoing legal dispute. The court has issued an order for Ripple to disclose its financial particulars and sales contracts, which the SEC contends are crucial for deciding the appropriate course of action in the case’s remedy phase. A comprehensive schedule

Over $11 million worth of XRP
3 weeks ago 1 min read

Over $11 million worth of XRP moved from Binance to an unknown wallet

Over $11 million worth of XRP, equal to 18.91 million coins, was moved from Binance to an unknown wallet, marking a huge shift in the crypto market. This follows a similar event in which around 18.34 million XRP, worth $11.2 million, was transferred from Binance exchange to an unknown wallet. Furthermore, these large-scale trades, dubbed “whale movements,” have attracted debate and research within the bitcoin community. These significant withdrawals often indicate purposeful movements by important participants in the market, such as XRP accumulation, in which wealthy investors increase their holdings in expectation of future price gains. The timing of these

Ripple (XRP) has released around 400 million XRP tokens,
1 month ago 1 min read

Ripple releases 400 million XRP tokens, valued at around $217 million

Ripple (XRP) has released around 400 million XRP tokens, worth around $217 million, according to Whale Alert. These unexpected transactions have sparked the curiosity of the XRP community due to its unusual timing. Traditionally, Ripple, the company behind the XRP token released around 1 billion XRP tokens from its escrow wallet on the first day of each month. However, only half a billion tokens were locked in escrow in February. This in fact led to speculation about the nature of the transactions. Note that Ripple’s token unlock strategy aims to ensure transparency and predictability in its supply chain. It is

Ripple was hacked for around 213 million $XRP worth over $112.5 million, ZachXBT report
2 months ago 1 min read

Ripple was hacked for around 213 million $XRP worth over $112.5 million

Ripple, the company behind XRP crypto, just got hit by a nasty cyberattack. Hackers swiped around 213 million XRP, worth around $112.5 million at the time. The eagle-eyed sleuth @zachxbt was the first to spot the security breach, sounding the alarm bells and sending the crypto world into a frenzy. According to the report, the tokens are being laundered through various exchanges, including MEXC, Gate, Binance, Kraken, and a whole bunch more. Meanwhile, in the ongoing legal tussle between Ripple and the SEC, things are getting spicy. A legal eagle raised concerns about the SEC’s tactics, accusing them of misleading the court with shady info.

Ripple CEO Brad Garlinghouse has recently hinted at the potential adoption of XRP by the banks of the United States.
2 months ago 1 min read

Ripple CEO Hints at Potential US Bank Adoption: Key to XRP’s Success?

Ripple CEO Brad Garlinghouse recently hinted at a significant development: the potential adoption of XRP by US banks. In a video shared by blockchain influencer Ben Armstrong, a well-known voice in the industry, it was claimed that the adoption of XRP by US banks could be the “key to XRP’s success.” Ripple faced significant legal challenges for over two years after the SEC sued the platform in 2020, accusing it of conducting an unregistered digital asset securities offering that raised more than $1.3 billion. Despite Ripple’s vision for global expansion and increased XRP adoption, legal hurdles remained significant. However, a

The recent approval and launch of spot Bitcoin ETFs in the United States has had a positive ripple effect on the cryptocurrency market, particularly for XRP.
2 months ago 1 min read

XRP Sees 244% Increase in Investor Interest Following Spot Bitcoin ETF Launch

The recent approval and launch of spot Bitcoin ETFs in the US has had a positive ripple effect on the crypto market, particularly for XRP. CoinShares’ weekly data on digital asset fund inflows shows a significant increase in institutional investor interest in XRP-based investment products, fueling speculation about the approval of a spot XRP ETF shortly. The introduction of spot Bitcoin ETFs resulted in a significant increase in both price and general market sentiment for XRP, the Ripple network’s native crypto. CoinShares reported a remarkable 244% increase in weekly net inflows into XRP-based products, totaling $2.2 million. This surge in

Another Significant XRP Transfer Sparks Community Speculation
2 months ago 1 min read

Whale moves over 443.1 million XRP, worth $254.8 million, sparking community speculation

XRP has once again taken center stage with a significant transfer of 443.1 million XRP, worth $254.8 million at the current price of $0.573 per XRP. This transaction, which occurred just over an hour ago, has piqued the interest of the crypto community, resulting in widespread speculation. This latest transfer follows a much larger transaction on Sunday that involved nearly $15 billion in XRP, or approximately 25.6 billion tokens. This significant movement raised eyebrows and sparked various concerns in the crypto community. Bitfinex CEO Paolo Ardoino revealed that the Sunday transaction was an attempted attack using the “Partial Payments Exploit.”

Bitfinex CEO Paolo Ardoino revealed details about a foiled hacking attempt that targeted nearly $15 billion in XRP
2 months ago 1 min read

Hackers Tries To Steal Over $15 Billion in XRP From Bitfinex Fails

Bitfinex CEO Paolo Ardoino revealed details about a foiled hacking attempt that targeted nearly $15 billion in XRP, accounting for nearly half of the total value of XRP. According to Ardoino, hackers attempted to use an XRP Ledger network feature to move a large amount of XRP. However, the attempt failed, with the actual transaction amounting to only a few cents in XRP. The hacker’s inability to carry out the intended transactions was the cause of the failed attack. The attackers attempted to use a technique known as the “Partial Payments Exploit.” This method involves modifying the XRP Ledger’s Partial

2 months ago 1 min read

Over $147 billion worth of Ripple (XRP) coins were transferred to crypto exchanges

Whale Alert, a vigilant tracker of significant crypto transactions, raised the alarm, claiming an astronomical transfer of over $147 billion in Ripple (XRP) coins to crypto behemoths Binance and Bitfinex. But before we get into the sensational figure, let’s unpack the mystery behind this attention-grabbing headline. The reported transfer immediately raised eyebrows in the crypto community because Ripple’s (XRP) total circulating supply is set at 54 billion XRP. The numbers simply didn’t add up, necessitating a closer look at the situation. Bitfinex CEO Paolo Ardoino quickly addressed the situation, shedding light on what occurred. Bitfinex, according to Ardoino, was the

Traders Suffer $190M in 48 Hours Amid Fake SEC Tweet and Market Volatility
3 months ago 1 min read

Bitcoin Traders Lose Over $180 Million in 48 Hours Amid Price Fluctuations and Fake SEC Tweet

While the crypto community awaits the decision on a Bitcoin Spot ETF, Bitcoin traders are caught in a whirlwind of uncertainty, resulting in losses exceeding $180 million in a matter of 48 hours. This wild ride is characterized by rapid price fluctuations and the impact of a deceptive tweet, shedding light on the market’s susceptibility to manipulation. On December 9th, a phony tweet from the SEC’s X account announced the approval of a Bitcoin ETF. This misinformation set off a chain reaction that caused Bitcoin prices to wildly fluctuate, resulting in around $90 million in trading losses. This incident highlights

Whale Transfers 47 million XRP To Crypto Exchanges
3 months ago 1 min read

Whale Transfers 47 million XRP To Crypto Exchanges

Recent on-chain data shows significant whale activity in XRP transactions, including a massive transfer of around 47 million XRP tokens to crypto exchanges. As the price of XRP falls, investors and the crypto community speculate on the reasons for these large transactions. According to a detailed report, a whale made two significant transfers, transferring a total of 47 million XRP tokens to centralized exchanges (CEXs). The transactions took place as the token’s price fell. The whale initially transferred around 24,800,000 XRP tokens worth $15,463,840 to the crypto exchange Bitso. The unknown wallet address was identified as r4wf7enWPx…5XgwHh4Rzn by the on-chain