Moneygram Sued By Investors Over Ripple (XRP) Links

The legal turmoil affecting blockchain platform Ripple (XRP) has spilled over to MoneyGram, a major partner in the payment network. The payment processing giant has been slapped with a class-action lawsuit for its association with Ripple.  MoneyGram sued over Ripple lawsuits This latest development was reported by law firm Rosen in a recent statement. The class-action lawsuit, which was submitted yesterday, accuses MoneyGram of providing misleading information to investors. It also charges the payment firm for failing to educate investors regarding…

Cardano’s (ADA) Market Cap Exceeds Ripple’s XRP For The First Time

Cardano (ADA) has experienced an extended bull run in recent months, which has led the altcoin to new milestones. The market capitalization of ADA has exceeded Ripple (XRP) for the first time and is ranked 4th on the coin rankings.  Cardano (ADA) Overtakes Ripple (XRP) Cardano (ADA) surpassed the market cap of XRP in the late hours of February 7, 2021. This was after a week in which the altcoin made significant gains in the market. ADA had enjoyed a…

Ripple And Binance.US Transact 51.4 Million XRP, Despite Delisting XRP

According to data from Whale Alert, the blockchain decacorn Ripple, along with several Binance branches transacted more than 51 million XRP. XRP's downfall started when the SEC filed a lawsuit against Ripple. Meanwhile, Ripple called the allegations unfounded and vowed to respond to them in court in the coming weeks. The San Francisco-based company has repeatedly referred to the US SEC's claim as an attack on crypto. Ripple CEO Garlinghouse claimed the agency's actions directly benefited China. $13 million in…

Exchanges Still Listing XRP Despite Ripple Lawsuit

U.S. cryptocurrency exchanges had to consider removing XRP amid a lawsuit filed by the Securities and Exchange Commission (SEC). The lawsuit is based on SEC’s claims that the crypto is unlisted fundraising security issued by Ripple Labs. Among these exchanges, Coinbase deserves a special mention. Apart from the usual considerations about XRP listing, it also wants SEC approval to issue its shares and trade with private investors. If the commission wins the case, XRP could be classified as a security,…

Polkadot Becomes fourth-largest Cryptocurrency after Displacing XRP

Polkadot (DOT) has witnessed a massive bull run in recent weeks, and now the cryptocurrency has achieved a new milestone. Polkadot has managed to surpass Ripple and is now the fourth-largest cryptocurrency based on market capitalization. DOT price explodes and hits new all-time high The last few weeks have benefited all major altcoins, but some are doing better than others.  Polkadot (DOT) is one of the few that has recorded notable progress in setting new price records in recent days.…

Crypto Market Turns Red as Bitcoin nears $35k Support Zone

 The crypto market has experienced a major dip today, with most coins currently in the red zone. This dip is emphasized by the leading currency Bitcoin, which is closing in on the $35,000 support levels. Bitcoin nears $35k The bullish run of Bitcoin has been the talk of the crypto community in recent weeks. However, this week has not been the best for the leading coin, which has failed to make significant gains. Bitcoin has hovered around $36,000 and $38,000…

SEC Director Enforcing Lawsuit Against Ripple’s XRP Resigns

Marc Berger, who served as acting Director of the Division of Enforcement at the Securities and Exchange Commission (SEC) for a short time, will conclude his tenor by the end of this month. Berger, who replaced Stephanie Avakian as an acting director of the Division after she departed from the SEC in December, will be stepping down. Mr. Berger joined the Commission as Director of the New York Regional Office in Dec 2017 before being named Deputy Director of the…

Crypto Market Dump – FCA Warns against Investing In Crypto-assets

The Financial Conduct Authority (FCA) has warned its consumers about investing in high yield investment (HYIP) crypto–assets. This comes after a major dump in the market that saw $200 billion wiped off the total crypto market cap. Cryptocurrencies Pose High Investment Risks The FCA revealed this warning in a statement released today highlighting different aspects of crypto investing. The regulator revealed that price volatility, product complexity, and high fees associated with cryptos make it a complex investment asset. It continued…

XRP Drops To Fifth on Coin Rankings As More Exchanges Delist it

Embattled cryptocurrency Ripple (XRP) faces new problems in 2021 following its legal case with the SEC. The value of XRP has plummeted in recent weeks, and the coin has now dropped to fifth on the coin rankings. XRP Facing Problems on All Fronts It is worth noting that it was only a few weeks ago that Ripple Labs received a lawsuit from the SEC. The US regulatory body had alleged that XRP is unregistered security and deemed sales of XRP…

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