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Binance-Peg XRP (XRP) News



SEC

SEC threatens lawsuits for XRP token holders

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If holders of the altcoin XRP interfere with the process against Ripple, then the Securities and Exchange Commission (SEC) can sue them. This is stated in the appeal of the regulator to the US judicial authorities. Recall that at the end of last year, the SEC initiated a lawsuit against Ripple,...

XRP

CoinShares launches physically backed ETP in XRP

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CoinShares has announced the launch of an ETP powered by Ripple's XRP token. Each CoinShares Physical XRP share is physically backed by 40 XRP. Initially, the ETP under the ticker XRPL will be traded on the SIX Swiss Exchange, Switzerland's largest stock exchange, and will have a base commission of...

SEC vs Ripple financial records

Judge Decided Ripple CEO's Financial Records Won't go Public

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On Friday, the court disallowed the SEC's request to publish financial statements of Ripple's execs stating it is not assured that the data would indicate wrongdoings. In March the US SEC submitted the petition for eight years of financial history from CEO Brad Garlinghouse and co-founder Chris...

Ripple discovery motion

Ripple Gets Access to SEC's Docs on Crypto Security Clarity

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According to the judge's decision announced on April 6, Ripple wins a discovery motion to access the SEC's inward papers related to crypto assets and in what case they are considered securities. The technology company together with the CEO Brad Garlinghouse and Executive Chairman Chris Larsen made...

XRP above $1

XRP Price Hits $1, The Token Ranks 4th By Market Cap

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The native token of Ripple, XRP has reached a three-year high of $1.10. At the moment the cryptocurrency trades at around $1.03 ranking fourth with a market cap of over $46.6 B. It's the first time since February 2018 that XRP crossed the $1 mark. Yesterday, April 5, the token broke its highest...

XRP goes up

XRP Surges, Breaking Its Highest Weekly Close Since May 2018

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Saturday, April 4, the price of XRP, the cryptocurrency created by Ripple Labs, reached $0.62. This is the first time since May 2018 that the token closes the week with a new high. At the moment XRP trades at above $0.7 ranking the 7th by market cap. This shows that now the token's price is more...

XRP holders as defendants

6000 Xrp Owners as Third Party Defendants During the Trial

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Holders of the XRP cryptocurrency want to take part in the lawsuit that the SEC started against Ripple. Particularly, on March 14 John Deaton of Deaton Law Firm issued a paper representing more than 6000 XRP holders who are willing to act as defendants. Managing partner of the FirmJohn Deaton owns...

SBI to offer benefits in XRP

SBI Holdings Offers Year-End Benefits in XRP

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Japanese financial services company SBI Group issued a paper to inform about a new decision of providing shareholders year-end benefit in the XRP cryptocurrency. In the notice, the firm expresses its gratitude to stockholders for their continued support and business strategy understanding....

Ripple business in Wyoming

Ripple Listed as a Wyoming Entity

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Ripple Labs, the enterprise that created the XRP crypto asset filed a new market unit in Wyoming. The state is known for its friendly approach towards the crypto industry. Caitlin Long, creator, and Chief Executive Officer of Avanti Financial Group disclosed the news on Twitter....

SBI Holdings Launches XRP lending

SBI Holdings Announced Launching XRP Lending

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Tokyo-based financial company SBI Holdings, which is also an old partner of Ripple, announced XRP lending service. The service would be launched by SBI VC Trade, the group's subsidiary. Using it, XRP holders will be able to receive interest by making deposits. The amount can vary between 1,000 to...

XRP

XRP futures market went through a cascade of liquidations

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Since January 30, when the Ripple token rate began an upward movement to levels above $ 0.7, the total volume of liquidations of long and short positions in the XRP futures market exceeded $ 1.6 billion. Over the past day, as a result of the growth and subsequent collapse of XRP, positions for $...

Kraken halts XRP

Kraken Exchange Suspends XRP for US Users

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On January 15, cryptocurrency exchange Kraken announced suspending the XRP token trading for users from the US. The termination will enter into force on January 30, at 1 a.m. UTS. The decision doesn't concern customers from other countries. The company mentioned the reason for the suspension to be...

Grayscale XRP Trust terminated

Grayscale Decided on Closing XRP Trust

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Grayscale Investments informed the users it had started the process of XRP Trust termination. The move is connected with the legal actions SEC had started against Ripple for selling unregistered security. The firm will share cash to investors after liquidating all XRP held by the stock, without...

UK Treasury XRP

The UK Treasury Sees XRP as a Non-Security

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The Treasury of the United Kingdom issued a report related to cryptocurrencies. There XRP is considered to be non-security. The script categorizes XRP, Ether, and BTC as forms of exchange. Not being either electronic money or security assets, they are not regulated. Her Majesty's Treasury cited...

XRP suspended on OKCoin and Coinbase

Coinbase and OKCoin Suspend XRP Activities

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The case of the U.S. Securities and Exchange Commission against Ripple continues to have negative impacts on the company. The number of firms terminating XRP purchases is increasing. A few days ago cryptocurrency exchange platform Bitstamp announced halting XRP purchases for an indefinite time....

Bitstamp and XRP

Bitstamp to Suspend XRP Trading for US Customers

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Luxembourg-based cryptocurrency exchange platform Bitstamp announced stopping XRP transactions for an indefinite time. The company tweeted, informing users that such a decision was made because of the SEC's lawsuit against Ripple. US customers will not be able to trade and deposit XRP from January...

XRP price surges 12.25.2020

XRP is up 50%. Did Changes in the SEC Cause This?

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On December 24, authorities announced that the US Securities and Exchange Commission has a new chairman. Elad Roisman will replace Jay Clayton. Meanwhile, XRP saw price growth. Are these two events connected? Well, Roisman considered being a possible ally for the crypto industry. The new chairman...

SEC sues Ripple

SEC Submits a Claim Against Ripple

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Today, December 23, the US Securities and Exchange Commission (SEC) officially took legal actions against Ripple Labs and its corporate executive Christian Larsen and the present CEO Brad Garlinghouse. The market authority claims that the Silicon Valley-based fintech has earned $1.3 B through...