Ripple

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…

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.…

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…

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…

Bitcoin (BTC) price has experienced a massive rise in recent weeks, leaving altcoins in the dust. However, leading altcoin Ethereum (ETH) leads the charge, suggesting that the Altcoin season is on the way. Ether (ETH) Exceeds $1,000 and Is Approaching ATH Bitcoin has broken all its records and is now aiming for $35,000, with indicators suggesting further bullish movements. The interest of institutional investors has majorly been the driving force in the recent rise of BTC. The latter is also…

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…

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…

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…

 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…