Ripple

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…

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…

XRP is a digital asset built by Ripple Labs for cross-border payments. XRP 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 for bridging two different currencies quickly and efficiently.  The rapid increase in the value of XRP from $0.01 to $3 in 2017 made it a profitable and popular cryptocurrency investment. In 2023,…

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) 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…

San Francisco-based financial technology company Ripple is considering moving its headquarters from the United States to a crypto-friendly region, like London, CEO Brad Garlinghouse told CNBC today.  For one thing, Ripple has been facing legal battles from some investors who alleged that XRP is an illegally issued security.  With the Securities and Exchange Commission (SEC) failing to clarify the matter, Garlinghouse and his team believe leaving the country could be the next best move for the $10 billion company.  Regulation…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $368 billion. Bitcoin loses 4% over the week as a result of increasing sales. Ethereum loses more than 6% throughout the week but recovers slightly on the weekend. XRP gets back over $0.27 on the weekend after losing 10% during the week There is no stopping for the DeFi craze, which now has reached…

Ripple (XRP) is a cryptocurrency project created by Chris Larsen and Jed McCaleb under Ripple Labs. It was primarily built as a digital asset to overcome several international banking problems, cross-border payments, and sourcing liquidity. As a result, XRP has remained among the top 10 cryptocurrencies by market cap since 2017. The main target audience of XRP is banks and payment providers, where the speedy settlement time can function as a liquidity source. This allows Ripple to tap new and…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $362 billion. Bitcoin did a false jump over the $12k hedge only to drop right back to $11,600 Ethereum loses momentum and drops below $400 XRP started the week trading around $0.32 but finished slightly above $0.28 The DeFi boom attracts more attention to the crypto market as Google searches for cryptocurrency reach a…