XRP - Optimisus

100 million XRP tokens valued at nearly $50 million—has been on the move.

8 months ago 2 mins read

100 Million XRP Transferred to Ripple Wallet: What’s Behind the Move?

Recently, crypto data tracker Whale Alert reported a notable transfer of XRP, a digital asset closely associated with Ripple, to a Ripple wallet. Here’s what we know: In the past 24 hours, a substantial amount of XRP—specifically, 100 million tokens valued at nearly $50 million—has been on the move. These tokens were transferred from an unidentified wallet to one linked with Ripple, the blockchain company behind XRP. While the exact motive behind this significant transfer remains shrouded in mystery, some theories have emerged. One possibility is that this transfer represents a wallet restructuring, where assets are shuffled between wallets for

Ripple blockchain payments firm is standing its ground in the ongoing legal battle with the U.S. SEC.

8 months ago 2 mins read

Ripple’s Response to SEC’s Appeal Request in XRP Lawsuit

Ripple, the San Francisco-based blockchain payments firm, is standing its ground in the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC had sought an interlocutory appeal in the case, but Ripple’s legal team is challenging this move, asserting that the regulatory body has not met the necessary requirements to file an appeal. Ripple has formally opposed the SEC’s request to appeal the ruling that cleared the company of breaking securities laws by offering XRP to retail traders through exchanges. In a recent document filed with the U.S. District Court for the Southern District of New

9 months ago 1 min read

$XRP and $LTC Drop By Over 17%

In the dynamic world of cryptocurrencies, another significant downturn has shaken the trillion-dollar market, witnessing a drop of over 6% in the past 24 hours. This latest dip has caught the attention of investors and enthusiasts alike, with leading crypto giants Bitcoin (BTC) and Ethereum (ETH) taking a hit and falling below key price levels—BTC dipping below $26,500 and ETH dropping below $1,700. Amid this market-wide decline, Ripple’s XRP and Litecoin (LTC) have emerged as the most prominent casualties, suffering the steepest double-digit losses over the last day. Both XRP and LTC have been dominating the crypto headlines since July,

XRP Price on Gemini Spikes to $50 Temporarily, Igniting Relisting Speculation

9 months ago 2 mins read

XRP Temporarily Soars to $50 on Gemini Amid Speculation of Relisting Anomaly

Crypto enthusiasts and traders were taken on a rollercoaster ride of price fluctuations as Ripple’s XRP token made a triumphant return to the Gemini crypto exchange. Within hours of its relisting, users reported witnessing unusual price behavior, sparking both intrigue and speculation within the crypto community. Shortly after Gemini’s announcement of relisting XRP for deposits and trading, astute users flocked to the platform to catch a glimpse of the token’s performance. What they encountered, however, was more than they bargained for. Screenshots flooded social media platforms, capturing moments when XRP‘s displayed price on Gemini at times surpassing the $1 mark

9 months ago 2 mins read

XRP Price Dips to Massive Whale Selling Over 100 Million Tokens

Recent actions by massive XRP whale wallets have sent shockwaves through the market, as some of the largest XRP holders have offloaded more than 100 million tokens. This substantial sell-off has exerted significant downward pressure on the XRP price, sparking a chain reaction in the cryptocurrency’s value. The behavior of cryptocurrency whales, those holding substantial amounts of tokens, often provides insights into broader market sentiment. When whales decide to liquidate portions of their holdings, it tends to trigger a domino effect, causing smaller holders to follow suit and driving prices downward. Contrarily, after witnessing substantial price surges, whales are more

9 months ago 1 min read

XRP Token Loses 3.30% of Value After Partial SEC Case Victory

Following a partial victory in the SEC case, the XRP price experienced a significant surge, climbing from $0.46 to $0.92, eliciting excitement among investors. However, after the initial wave of enthusiasm subsided, the XRP price settled around $0.6858. In recent minutes, a new development has shaken the market, leading to increased volatility in the XRP price, causing the token to suddenly lose 3.30% of its value. The recent partial victory in the SEC case boosted investor sentiment, propelling the XRP price from $0.46 to an impressive $0.92. The cryptocurrency community was abuzz with excitement over the positive outcome. However, as

The partnership between Ripple and Palau marks a step for the island nation in embracing financial innovation and new technologies.

9 months ago 1 min read

Ripple Announces Strategic Alliance with Island Nation

Ripple, the blockchain technology company, has been making significant strides in the aftermath of its important victory against the SEC in the SEC-XRP lawsuit. The latest development comes in the form of a groundbreaking partnership with Palau, an island country in the Pacific. Palau’s government has joined forces with Ripple to pilot a US dollar-backed stablecoin on the XRP Ledger. The partnership between Ripple and Palau marks a significant step for the island nation in embracing financial innovation and new technologies. As part of the commitment to drive financial access and inclusion for its citizens, Palau plans to create its

The CEO of Ripple has publicly criticized the US SEC in response to recent comments suggesting a potential appeal

9 months ago 2 mins read

Ripple CEO Brad Garlinghouse Slams SEC for ‘Regulation by Enforcement

The CEO of Ripple, Brad Garlinghouse, has publicly criticized the US Securities and Exchange Commission (SEC) in response to recent comments suggesting a potential appeal in their ongoing case against Ripple Labs. Garlinghouse’s sharp rebuke centers around the SEC’s “regulation by enforcement” approach, which he believes is detrimental to retail investors. On July 23, Brad Garlinghouse openly denounced the SEC’s “regulation by enforcement” policy, asserting that it harms retail investors. He accused the SEC of creating unnecessary chaos and referred to it as the “crypto cop” without legitimate legal authority. According to Garlinghouse, this enforcement-based approach has resulted in retail

Ripple has taken a step in its global expansion plans by applying for registration as a crypto asset firm with the UK

10 months ago 2 mins read

Ripple Labs Applies for Crypto Asset Registration in the UK

Ripple, the payment protocol, has taken a significant step in its global expansion plans by applying for registration as a crypto asset firm with the United Kingdom’s Financial Conduct Authority (FCA). Additionally, the company is seeking a payments license in Ireland, further solidifying its massive investment in the region. This move comes on the heels of a recent partial win against the United States Securities and Exchange Commission (SEC) over the classification of its XRP token as a security. As Ripple’s ambitions grow, more crypto firms are eyeing the United Kingdom for regulatory clarity and a supportive business environment, while

10 months ago 1 min read

XRP Price Skyrockets 10%, Boosting Altcoin Market While Bitcoin Dominance Wanes

In the ever-evolving world of cryptocurrencies, Ripple’s XRP continues to gain momentum, outperforming Bitcoin (BTC) and leading the pack of smaller tokens. In the past 24 hours, XRP surged by 10%, solidifying its position as one of the top cryptocurrencies by market capitalization. The recent favorable ruling in the ongoing court battle with the Securities and Exchange Commission (SEC) has played a significant role in boosting XRP’s appeal to investors. As a result, major exchanges like Coinbase, Kraken, and Bitstamp have relisted XRP, attracting renewed interest and investments in the token. While Bitcoin and Ethereum remained relatively stable during the

10 months ago 2 mins read

iTrustCapital Relists XRP Following Judge’s Ruling in Ripple-SEC Lawsuit

iTrustCapital, a prominent US-based platform specializing in cryptocurrency and precious metals trading, has announced its decision to relist XRP, the native token of the Ripple network. This move comes in response to the recent statement by the judge overseeing the ongoing lawsuit between Ripple and the Securities and Exchange Commission (SEC), ruling that the sale of XRP on exchanges does not constitute securities. After delisting the Ripple token from its platform two years ago, iTrustCapital’s relisting decision reflects the evolving regulatory landscape surrounding cryptocurrencies. In December 2020, the SEC filed a lawsuit against Ripple, accusing the company of raising over

leading exchange Coinbase has announced that it will relist XRP.

10 months ago 1 min read

Coinbase Relists XRP Following Favorable Ruling in SEC Lawsuit

In a significant development for the cryptocurrency market, leading exchange Coinbase has announced that it will relist XRP. The decision comes after a favorable ruling from U.S. District Judge Sarah Netburn, who found that the sale of XRP on exchanges does not fall under the category of security. Coinbase delisted XRP in January 2021, citing the ongoing legal battle between Ripple and the SEC. The SEC lawsuit alleges that Ripple sold XRP as an unregistered security, while Ripple argues that XRP is a currency. The ruling from Judge Netburn is a major victory for Ripple and could have implications for