The US Securities and Exchange Commission’s (SEC) rigid approach is being called out by market participants, legal experts and industry insiders, all independently accusing the agency for its autocratic attitude and shortage of communication. The largest cryptocurrency trading platform in the US, Coinbase, publicly disclosed that it has been left in the dark by the…
Ex-Ripple exec Jed McCaleb dumped over $310 million in XRP this month Jed McCaleb, former CTO and co-founder of payment network Ripple (XRP) and current CEO of Stellar (XLM), has sold roughly 275 million XRP since early May as part of his daily “dumping.” The great XRP dump According to blockchain explorer XRPScan, McCaleb received…
The U.S. Securities and Exchange Commission (SEC) has refused to produce documentation regarding its “trading preclearance decisions” for XRP, BTC, and ETH. It has also refused to provide any documentation regarding the XRP holdings of its employees. Ripple requested the information as part of its ongoing trial with the SEC in order to determine its…
XRP and Chainlink (LINK) led gains among large-cap cryptocurrencies this morning as the broader market surged over the weekend, data from multiple sources shows. As such, the market gained billions of dollars—a continuation of an uptrend in place since early August. XRP jumps XRP reached a high of $1.33 at press time, gaining over 6%…
In reference to the unfolding SEC lawsuit, Ripple CEO Brad Garlinghouse doesn’t hold back in framing the case as farcical. Specifically, he referred to the upholding of impossible fair notice standards and due process. Rather ominously, he also suggests no one is safe, given that the SEC could be plotting enforcement against anyone next. “This…
The ongoing SEC vs. Ripple lawsuit sees the defendants file a motion to compel the U.S securities regulator to produce documentation regarding its “trading preclearance decisions” for XRP, Bitcoin, and Ether. As well as documents regarding the XRP holdings of SEC employees. “Defendants seek production of anonymized documents reflecting trading preclearance decisions with regard to…
Ripple Labs, the issuer of the payments token, faces scrutiny in US courts for its alleged role in misguiding investors and selling an unlicensed security. The hearing is scheduled for February 22, i.e. today, but investors are already betting on a favorable outcome. XRP pumps XRP prices have increased 20% in the past day, and…
Cardano (ADA) and Polkadot (DOT) push XRP out of the top five cryptos | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest News › Altcoins Liam Frost · February 17, 2021 at 5:58 pm UTC · 2 min read Cardano (ADA) and Polkadot (DOT) outpaced…
The price of now-embattled cryptocurrency XRP surged by up to 86%—just a day after Ripple Labs filed its response to the U.S. Securities and Exchange Commission’s (SEC) $1.3 billion lawsuit hanging over the company’s head. At press time, XRP was trading at around $0.47 per token, up 55.1% on the day. Simultaneously, the crypto’s price…
Florida resident Tyler Toomey has filed a class-action lawsuit against Ripple Labs, the blockchain-focused firm behind XRP cryptocurrency, alleging that the company violated the state’s securities laws by selling its tokens. This comes on the heels of the Securities and Exchange Commission (SEC) filing a $1.3 billion lawsuit against Ripple with similar allegations. “This is…