Browsing:XRP

XRP Twitter Scam
1 year ago 1 min read

Scammers Use Hacked Twitter Account of American TV Sports Channel to Push Ripple Scam

The official Twitter account of GOL TV, an American sports channel, has been hacked and used to promote an XRP scam. XRP scams have become a common problem on social media, with scammers impersonating Ripple-affiliated entities and offering false investment opportunities. These scams often involve scammers posing as Ripple CEO Brad Garlinghouse and offering tempting investment opportunities that turn out to be too good to be true. Victims who fall for the scam find themselves with no way to recover their lost funds. Scammers are constantly evolving their tactics to stay ahead of detection efforts by digital asset exchanges, law

MoneyGram Ripple and the SEC confidential documents
1 year ago 1 min read

MoneyGram Moves to Keep Some XRP Lawsuit Filings Confidential in Ripple, SEC Case

MoneyGram has asked the U.S. District Court for the Southern District of New York to keep certain details of its summary judgment materials in the lawsuit between Ripple and the SEC confidential. The cross-border payments company stated that it wants to protect business information and employee identities. The SEC and Ripple requested a summary judgment in September. The SEC filed a lawsuit against Ripple and its executives in December 2020, alleging that the sale of XRP constituted an offering of unregistered securities worth over $1.38 billion. In February 2021, MoneyGram suspended trading on Ripple’s platform due to litigation uncertainty, ending

US SEC vs Ripple
1 year ago 1 min read

US SEC Seeks to Keep Hinman Documents Private in Ripple Case

The US Securities and Exchange Commission (SEC) has faced criticism from the cryptocurrency community after requesting that the infamous Hinman Speech documents be sealed in the Ripple Labs case. The documents refer to a speech given by former SEC Corporation Finance Division Director William Hinman at the Yahoo Finance All Markets Summit in June 2018, in which he reportedly stated that the Ethereum token, Ether, is not a security. Ripple believes the documents are important evidence in its case against the SEC. In its motion, the SEC argued that its mission outweighs the “public’s right” to access documents that have

Ripple XRP lawsuit vs SEC
1 year ago 1 min read

Crypto legal expert predicts Ripple will emerge victorious in dispute with SEC over XRP

The crypto legal specialist believes that Ripple will emerge victorious from its battle with the Securities and Exchange Commission, claiming a total victory in the XRP lawsuit. This dispute began in late 2020, when the U.S. regulator accused Ripple of selling XRP as an unregistered security. Jeremy Hogan, an attorney with 157,000 YouTube subscribers, believes that Ripple will emerge triumphant at summary judgment. He states that XRP was not traded as a security and supplies two reasons for this. The crypto legal expert states that Ripple had no legal responsibility to XRP purchasers once the sale was finished. Hogan references

XRP tokens
1 year ago 1 min read

XRP whale moves around 143 million XRP tokens

Ripple (XRP) whales showed undeterred confidence in the midst of turbulent times as 143 million XRP tokens, amounting to $55.96 million, were transferred via the network. Whale Alert reported this large transaction. Prior to this transaction, the whale tracking profile had noted various significant XRP transfers. In December 2022 alone, more than 100 million XRP was moved between wallets. Afterward, Ripple’s network growth was not able to recover, having been on a decline since 4 December, according to Santiment data. At the time of writing, it had dropped to 611. An analysis of this situation revealed that there were very

Ripple executive
1 year ago 1 min read

Ripple’s Alderoty accuses the US SEC for BlockFi’s demise

As the legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) in the United States nears its conclusion, the fintech is throwing one more punch. Regardless, Ripple’s legal counsel and chief technology officer (CTO) continue to press their case against the SEC, harshly criticizing its anti-crypto enforcement policies. Ripple’s general counsel, Stuart Alderoty, echoed the SEC’s recently released annual report, in which the agency praised itself. According to the report, the commission filed 760 enforcement actions this year, a 9% increase from the previous year. The SEC imposed a record $6.4 billion in penalties and restitution on

Eric Finnerud, the founder and CEO of Sound Alive Records
2 years ago 1 min read

The price of XRP will “Hit 5 Digits and Beyond,” says a well-known US music producer

Eric Finnerud, the founder and CEO of Sound Alive Records, also known as E. Smitty, has stated that he believes the price of XRP will “reach 5 digits and beyond,” implying that the cryptocurrency could explode in the future. E. Smitty’s prediction would result in a massive increase in the value of XRP, which is now trading at $0.45 per token after losing nearly 7% of its value in the previous seven days. Several users responded to the music producer, pointing out that the figure appears unrealistic, as for $XRP to reach five digits per token, it would have a

Securities and Exchange Commission
2 years ago 1 min read

The SEC attacks companies supporting Ripple as they fear Ripple’s ‘Gigantic Win’ in XRP Suit

In an effort to support Ripple in the protracted $1.3 billion XRP securities lawsuit, two companies, I-Remit and TapJets, attempted to file amici briefs with the court. The U.S. Securities and Exchange Commission (SEC) objected to their efforts. The movers have come under fire from the regulator for attempting to present evidence that is outside the parameters of discovery laws and the court’s prior order. The cross-border payments company I-Remit, which has its headquarters in the Philippines, asked to join the SEC vs. Ripple case last week. The case has been going on for almost two years. In addition, I-Remit

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