XRP

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…

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…

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…

The crypto market is bullish today, January 1st, with the majority of the top 100 coins trading in the green. The leading coin, Bitcoin, continued its surge towards $30k as it achieved yet another milestone in the early hours of today. Bitcoin Makes New All-Time High Bitcoin's bullish run has extended to the New Year as the leading coin continued its march towards uncharted territory. After suffering a major dip a week ago, Bitcoin was able to rebound on Monday,…

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…

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…