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...
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...
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....
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...
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...
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...
US-based technology organization Ripple started its "Line of Credit" assistance to provide clients utilising On-Demand Liquidity (ODL) to the original property, thus making universal tradings with XRP token possible. The service enables a fast way to funds practising an easy credit...
Cryptocurrency exchange Bitfinex, in partnership with the Celsius Network platform, will provide its users with the opportunity to receive rewards from storing Bitcoin (BTC), Ethereum (ETH), and XRP. According to the press release, starting October 15, Bitfinex customers will be able to create and...
The money transfer service MoneyGram received $15.1 million in XRP from the fintech startup Ripple, according to the company's second-quarter report. Adjusted for mutual transactions, the amount of incentives received from the strategic partner is estimated at $6.3 million. In the first quarter,...
Fintech company Ripple has become a member of the recently created Open Payments Coalition, which launches the PayID global payment system based on simple and clear identifiers. The consortium unites more than 40 participants with a user base of over 100 million people. The founders of the project...
XRP became the second most popular crypto coin among Japanese investors, almost catching up with BTC. This is evidenced by a study of the local BitMax exchange. The trading platform polled 1,498 customers. The favorite cryptocurrency of 26% of respondents is Bitcoin, while Ripple was preferred by...
A lawsuit has been filed against Ripple and Brad Garlinghouse. They are accused of violating US securities laws. It is reported by Cointelegraph. The lawsuit has been filed by Bitcoin Manipulation Abatement LLC with the U.S. Federal District Court. According to documents, Ripple and its CEO are...
Ripple Labs and its leader, Brad Garlinghouse, have filed a lawsuit against YouTube for making video hosting an “accomplice” of repeated fraudulent XRP distributions. Ripple Labs filed a lawsuit against video hosting in the Northern District of California on April 21. Ripple Labs points to...
Salim Satir, an investor from Canada, considered himself to be affected by the deliberately false information that Bitstamp and Gatehub exchanges placed, which resulted in losses of $4.9 million. He intends to recover this amount from exchanges through the High Court of England and Wales, Law360...
Institutional-oriented custodian service Anchorage has attached support for the XRP coin of fintech startup Ripple. The inclusion of XRP support in the organization was explained by the demand from institutional coin owners who “want a safer and more convenient custodial solution.” Anchorage...
The popularity of altcoins on Twitter has fallen significantly amid bearish sentiment in the market. In particular, this is evidenced by the data of the analytical service BitinfoCharts, writes Cointelegraph. So, the number of mentions of coins like Ethereum, Litecoin, and XRP is approaching a...
On a YouTube video hosting service, was found a fake account of the head of Ripple Brad Garlinghouse, on behalf of which scammers announced the distribution of 50 million XRP tokens in exchange for users' coins. The video itself is not fake this is a February interview of Garlinghouse. However, in...
Ripple is creating a new component designed to provide the ability to create asset-backed tokens on top of the XRP registry. That was told by the technical director of the company David Schwartz. According to him, Ripple seeks to expand the capabilities of the network, including providing third...