Is it Still Safe to HODL Ripple’s XRP Despite SEC’s Lawsuit?

The Securities Exchange Commission (SEC) of the US filed a class action targeting Ripple Labs Inc. and two of its key executives on 22 December 2020. The legal action was about the allegations of a perceived continued fraudulent trade in XRP as determined by a three-person investigation team of the SEC's Cyber Unit. The filed lawsuit alleged that the two executives raised over $1.3 billion via the continued sale of unregistered crypto assets. The two ripples, the co-founder and former…

Coinbase Faces Lawsuit Over Illegal Ripple XRP Sales

Leading US cryptocurrency exchange Coinbase is facing a lawsuit for the sales of XRP on its platform. This lawsuit comes on the back of the fallout on Ripple, the issuers of the XRP token. Coinbase Allegedly Gained Unfair Advantage over rivals. Coinbase has been accused in a class-action lawsuit of receiving commissions from illegal XRP sales. The plaintiff, Thomas Sandoval, claims that Coinbase knew that XRP was a security under US federal securities law. The lawsuit further claims that Coinbase…

Crypto.com and Coinbase To Suspend XRP Trading in January

The fallout from Ripple’s legal case with the SEC continues for the embattled blockchain platform. Popular crypto exchanges Coinbase and Crypto.com have revealed suspension of XRP trading from January for all its users. Difficulties Mounting for XRP The wave of delisting and suspending XRP trading has continued to gain momentum. Coinbase announced yesterday that it had decided to suspend the trading of XRP on its platform. According to the exchange, all trading pairs of XRP will no longer be accessible…

Bitcoin (BTC) Offers Christmas Gift, Hits New All Time High

 Today is Christmas day and Bitcoin holders have a lot to celebrate after the leading coin hit a new milestone. Bitcoin Creates New All-Time High Bitcoin continued its recent rally in the early hours of the day as it moved above the $24k mark. The leading coin fought off an initial retracement before surging past its previous resistance point of $24,200. In the process, the leading coin surpassed previous all-time highs of $24,217 towards new regions. According to data from…

SEC Sues Ripple – XRP Price Collapses And Delisting Begins

The United States Securities and Exchange Commission (SEC) has taken legal action against Ripple for selling $1.3 billion worth of unregistered securities via XRP. Consequently, the price of XRP has collapsed, and some platforms have begun to delist the cryptocurrency. SEC Goes To War With Ripple The SEC has filed a lawsuit against Ripple, its CEO Brad Garlinghouse and co-founder Chris Larsen. The latter duo is accused of having carried out unrecorded sales of securities worth $1.3 billion, via XRP.“Ripple…

Crypto Market Gains $20 Billion in 24h as BTC Soars Above $19k

The crypto market is bullish today as the leading currency Bitcoin has returned above $19k again after a slightly bearish period. As expected, the crypto market has followed suit gaining $20 billion in marketcap in the past 24 hours. Bitcoins Surges Above $19,000 Bitcoin has been volatile in the past week, experiencing different price swings as uncertainty plagued the market. Just 48 hours ago, the primary coin dipped from around $19k to as low as $17,500. The dip in price…

Great Ripple (XRP) Wallets to Safely Store Your Coins in 2021

XRP is a digital asset built for payments. The coin is the native coin on the XRP Ledger - an open-source, permissionless, decentralized blockchain technology that can settle transactions in 3-5 seconds. XRP can be transacted without a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently.  The rapid increase in the value of XRP from $0.01 to $1 within a year made it a profitable and popular cryptocurrency investment. If you are looking…

Crypto Market Loses $65 billion In 24 hours As Bitcoin Dips Below $17k

The long-awaited dump happened today, as leading coin Bitcoin suffered a major dip that crashed the market. This downward movement affected all the leading coins, with Ethereum and Ripple losing 14% and 20% in value, respectively. Bitcoin drops below $17,000 Before this latest crash, Bitcoin had entered a fairly stable phase after seven consecutive weeks of linear increase. There had been expectations from traders that the coin could hit the $20,000 mark this week, but this changed in today's early…

Ripple (XRP) Up 25% in 24 hours; Surpasses $0.50 mark

Ripple (XRP) has joined the bullish run that has engulfed the crypto market since October. The popular altcoin peaked today at $0.53, its highest price since 2019. It is also the best performing major crypto asset of the week, with a price rise of 83% during this period. Ripple Experiencing A Renaissance The recent bullish trend for Ripple has been remarkable and shows that the coin is gaining relevance among traders. Ripple began the past week, struggling within the $0.3…

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