Advertisement     In a notable development, XRP’s buy volume has surged by more than 235% in the past 24 hours. During the same period, XRP’s price saw a significant rise, climbing by over 18% to $0.64 by late Wednesday. Santiment analysts also reported a 23% increase in the XRP market cap, with wallets…
The long-awaited conclusion to the settlements phase of the trial passed with a much smaller fine than the SEC had requested. U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) decided on a sum just a little over $125 million— instead of the $2 billion fine the SEC wanted. Investors…
Advertisement     As part of its multi-year-long litigation with the U.S. Securities and Exchange Commission (SEC), a New York court on Wednesday ordered fintech company Ripple to pay a $125 million fine after finding in July 2023 that its institutional sales of XRP broke federal securities laws. The civil penalty is significantly less…
“Rather, the Court finds that Ripple’s willingness to push the boundaries of the Order evinces a likelihood that it will eventually (if it has not already) cross the line,” she said. “On balance, the Court finds that there is a reasonable probability of future violations, meriting the issuance of an injunction.” Source link
In a recent development that has sparked considerable outrage within the XRP Ledger (XRPL) developer community, Ripple is under fire for altering a podcast clip. The edited segment was part of Ripple’s new podcast series titled “Exploring Ripple’s New Stablecoin Ripple USD (RLUSD)”, featuring CTO David Schwartz and Ripple President Monica Long discussing the upcoming…
Advertisement     XRP has been on the right footing for the past few weeks since the eighth-largest cryptocurrency has witnessed a notable leg up. For instance, according to CoinGecko data, XRP has increased 36.9% in the past two weeks to hit $0.60. Santiment acknowledged that heightened shark and whale holdings were instrumental in…
Advertisement     XRP posted a 23% gain over the past month, making it a top gainer among the top ten largest cryptocurrencies by market capitalization. This gain comes as data from Santiment shows that large XRP holders, popularly known as whales, bought over 300M XRP tokens on July 12-15. This accumulation by institutional…
TL;DR XRP dropped from $0.66 to around $0.56, with a bearish pattern indicating a further downtrend. Some analysts remain optimistic, predicting a rebound and possible rise to an all-time high within a year. XRP Lost the Momentum Ripple’s XRP was among the best-performing cryptocurrencies at the end of last month, with its price rallying to…
Advertisement     In a groundbreaking move, San Francisco-based blockchain startup Ripple has announced the introduction of a tokenized version of US Treasury bills (T-bills) on the XRP Ledger via partnership with the tokenization platform OpenEden. XRPL grabbing a piece of this trillion-dollar tokenization pie could mean trillions of dollars flowing into the crypto…
Advertisement     Ripple is once again back in the limelight as its long-standing legal brawl with the United States Securities and Exchange Commission (SEC) nears its tail end. XRP’s monthly volatility meanwhile has dropped to its lowest level ever, transcending the zone that preceded the phenomenal 60,000% price rally which ended in early…