XRP

Ripple faces the US SEC in court, challenging a hefty $2 billion penalty as the case nears conclusion

May 9, 2024 1 min read

The legal conflict between Ripple and the SEC approaches a critical juncture with the presentation of final arguments. Ripple suggests imposing a $10 million charge as a countermeasure to the SEC’s proposition of $2 billion in sanctions, highlighting the comparatively lesser penalties imposed on BlockFi and Genesis Global. Ripple contends that the fine imposed by the SEC is excessive and lacks proportionality with regard to settlements as opposed to judgments.

XRP and Uniswap see a sharp rise in users, signaling a growing crypto market appeal

May 4, 2024 1 min read

Over six months, XRP’s active wallets rose 7% to 5.2 million. This rise shows XRP is becoming a mainstream financial instrument for more investors. The XRP Ledger shows 59.77 billion XRP kept across various wallets, with virtually all retaining some balance, suggesting strong user holding. In one year, Uniswap’s addresses grew 140% from 3.03 million to 7.26 million. After crossing $2 trillion in trade volume in April, Uniswap strengthened its

Ripple counters SEC’s hefty $2B fine with a modest $10M proposal in a landmark case

April 23, 2024 1 min read

Ripple has defended itself against the SEC’s demand for roughly $2 billion in fines for selling its cryptocurrency, XRP, to institutional investors without registration. The corporation submitted a lengthy 186-page statement accepting the court’s decision and adjusting its business procedures appropriately. Ripple contests the SEC’s request for disgorgement, claiming that there is no proof of financial loss to investors as a result of Ripple’s conduct. The corporation argues for a

Ripple moves to sell 100 million XRP tokens on Sunday, following Iran-Israel conflict escalation news

April 14, 2024 1 min read

Ripple, the company behind XRP tokens, plans to sell 100 million tokens on Sunday in response to the recent escalation of the Iran-Israel conflict and a significant decline in the crypto market. The corporation, which regularly engages in monthly sell-offs, has been exerting a substantial influence on the price of the asset. In April, Ripple released 1 billion XRP and sent 200 million tokens to its Treasury account, designated as

Ripple’s CEO eyes a $5T crypto market by 2024, banking on regulatory clarity and Bitcoin ETFs

April 9, 2024 1 min read

Brad Garlinghouse, the CEO of Ripple, forecasts that the cryptocurrency market will reach a value of $5 trillion by 2024. He bases this prediction on the expectation of clear regulations and the introduction of Bitcoin exchange-traded funds (ETFs). The market is anticipated to expand as a result of the Bitcoin halving and the likely introduction of U.S. Bitcoin exchange-traded funds (ETFs). Garlinghouse thinks that well-defined legislation regarding crypto in the

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

March 26, 2024 1 min read

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

Ripple braces for pivotal March 26 in legal showdown with SEC

March 25, 2024 1 min read

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

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

March 8, 2024 1 min read

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

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

February 26, 2024 1 min read

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.

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

January 31, 2024 1 min read

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

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

January 22, 2024 1 min read

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

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

January 17, 2024 1 min read

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