Browsing:XRP

iTrustCapital to relist XRP
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

Binance Drops $XRP Leveraged Tokens from Listing Amid SEC Lawsuits
10 months ago 2 mins read

Binance Delists XRP Leveraged Tokens Amid SEC Lawsuits

Leading cryptocurrency exchange Binance has made the decision to delist its XRPUP and XRPDOWN leveraged tokens as of July 25 at 6 am UTC. This move comes in the wake of lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against both Binance and Ripple Labs regarding the alleged sale of unregistered securities. According to Binance’s announcement, the leveraged tokens offering users exposure to long or short positions on XRP will no longer be available on the platform after the specified date. Users are advised to redeem their tokens using the wallet function before the delisting takes effect. Binance

XRP has recently released 1 billion XRP tokens from its escrow accounts.
11 months ago 2 mins read

1 Billion XRP Tokens Unlocked from Escrow Accounts: Should You Be Concerned?

Ripple, the company behind the popular XRP cryptocurrency, has recently released 1 billion XRP tokens from its escrow accounts. This release, valued at approximately $453.7 million USD, is part of a routine process that occurs every month. While such a massive release may raise questions among investors, it is essential to understand why Ripple follows this practice and its implications for the XRP market. Why Does Ripple Release XRP from Escrow Accounts? Ripple employs escrow accounts to bring transparency and predictability to the XRP market. By locking up a substantial portion of its XRP holdings in escrow, the company ensures

XRP whales bought a staggering 360 million XRP tokens
11 months ago 1 min read

Whales buy 360 million XRP tokens worth around $170 million

Renowned crypto analyst, Ali Martinez, recently shed light on the intriguing behavior of XRP whales during a market dip. Despite XRP‘s price dropping by 12% between June 22 and June 28, these influential players seized the moment, purchasing a staggering 360 million XRP tokens, equivalent to an impressive $170 million. This significant acquisition of XRP during the dip suggests a belief in an imminent price increase, potentially attracting more investors and bolstering positive sentiment surrounding Ripple and its associated digital asset. The recent moves by XRP whales are in line with Martinez’s observations on the correlation between previous price surges

The XRP price has shown a 2% increase in the past 24 hours
11 months ago 2 mins read

Can XRP Reach $4 Before the End of 2023?

The XRP price has shown a 2% increase in the past 24 hours, reaching $0.476333, as the wider cryptocurrency market also experiences gains. This recent uptick provides some recovery for XRP holders after recent losses. However, XRP remains down 3% in the last seven days and 6.5% in the last 30 days, despite a 40% increase since the start of the year. The potential for XRP to reach new highs hinges on the outcome of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC), which is expected to conclude in the coming months. If Ripple secures a positive

the CTO of Ripple, has denied rumors that the company is planning to buy back 10 billion XRP tokens.
11 months ago 1 min read

Ripple CTO Provides Clarity on 10 Billion XRP Buyback Program

David Schwartz, the Chief Technology Officer (CTO) of Ripple, has denied rumors that the company is planning to buy back 10 billion XRP tokens. The rumored buyback, equivalent to 10% of XRP’s total supply and valued at approximately $5 billion based on current prices, had garnered attention and discussion within the cryptocurrency community. Schwartz took to Twitter to dispel the rumors, asserting that while Ripple does engage in XRP purchases, he has no knowledge of any specific buyback plans. He encouraged individuals to seek information from official sources before accepting such claims. The rumors began circulating after a questionable news

CryptoLaw Founder
11 months ago 1 min read

Ripple-SEC Lawsuit Draws in Millions of Users, Says CryptoLaw Founder, Boosting XRP Adoption

The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has led to a significant increase in the number of XRP holders, according to John Deaton, founder of CryptoLaw.US and a supporter of Ripple. Deaton argues that the regulatory scrutiny has inadvertently served as a promotional campaign for Ripple and its digital asset. With over 4 million XRP wallet addresses now in existence, Deaton suggests that many holders may still be unaware of Ripple’s role and the purpose of XRP. In a separate tweet, Deaton highlighted the fast payment processing capabilities of XRP compared to Bitcoin.

Ripple Secures Regulatory Clearance in Singapore
11 months ago 2 mins read

Ripple Receives Initial Regulatory Approval in Singapore, Expanding its Footprint in APAC

Ripple, a leading provider of enterprise blockchain and cryptocurrency solutions, has received in-principle approval from the Monetary Authority of Singapore (MAS) to provide digital payment token services and products in Singapore. This regulatory approval enables Ripple to expand the utilization of its On-Demand Liquidity (ODL) service, which relies on cryptocurrency. The ODL service offered by Ripple, which employs XRP as a bridge currency, has experienced remarkable growth worldwide throughout 2022. Singapore, acting as Ripple’s Asia-Pacific headquarters, played a vital role in facilitating this expansion. Notably, Singapore facilitated the majority of global ODL transactions in 2022. In response to this surge

Ripple CEO Brad Garlinghouse
11 months ago 2 mins read

Ripple CEO Brad Garlinghouse: Legal Battle Nears End, but Fight for Regulatory Clarity Must Persist

Ripple CEO Brad Garlinghouse has warned that although Ripple’s legal dispute with the SEC is nearing its conclusion, the industry must continue to fight for regulatory clarity. In a video published on Twitter, Garlinghouse expressed his frustration with the SEC’s actions and highlighted the recently unsealed Hinman Documents as evidence of the agency’s intentional confusion about the rules. The Hinman Documents and SEC’s Actions Garlinghouse discussed the unsealed Hinman Documents, which shed light on the SEC’s stance and actions in the Ripple lawsuit. He argued that the documents indicate the SEC knowingly created confusion and used it as a tool

The Ripple vs. SEC lawsuit,
11 months ago 2 mins read

Former SEC Director Expects Ripple Lawsuit to End Soon: XRP to $5?

The Ripple vs. SEC lawsuit, an ongoing legal battle that has captivated the crypto community for over two years, could be reaching its climax soon. Marc Fagel, a former Regional Director at the U.S. Securities and Exchange Commission (SEC), recently shared his insights, suggesting that a judgment in the case is expected within days. As anticipation builds, XRP enthusiasts are contemplating the potential impact on the XRP price, with speculations of a surge to $5. Let’s explore the details. Marc Fagel, a seasoned enforcement attorney, and former SEC Regional Director, foresees a judge’s ruling in the Ripple vs. SEC lawsuit

we will explore the factors that could potentially influence XRP's price and whether it has the potential to reach $2 again.
11 months ago 2 mins read

Does XRP have what it takes to reach $2 again?

XRP, the cryptocurrency associated with Ripple, has experienced its fair share of ups and downs in the volatile cryptocurrency market. After reaching a peak of $3.84 in early 2018, XRP’s price has faced significant fluctuations. Many XRP investors and enthusiasts are eager to know if the cryptocurrency can reclaim the $2 price level. In this article, we will explore the factors that could potentially influence XRP’s price and whether it has the potential to reach $2 again. Historical Performance of XRP To assess the possibility of XRP reaching $2 again, it is crucial to examine its historical performance. XRP experienced

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