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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...

SEC vs Ripple

XRP Owners' Appeal to Take Part in the Trial Is Granted

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On March 29, the U.S. district court of New York issued an answer to the request made by XRP holders. Judge Analisa Torres approved their appeal to be engaged in the SEC’s lawsuit against Ripple Labs as third-party defendants. As stated in the released decision, XRP holders can file their motion...

Ripple Tranglo partnership

Ripple Becomes the Owner of a 40% Stake in Tranglo

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Blockchain solutions company Ripple, which created the token XRP announced acquiring a 40% stake in Asian cross-border transfers firm Tranglo. The goal of this cooperation is to extend RippleNet’s On-Demand Liquidity (ODL) services in Asia. Tranglo and Ripple's cooperation suggests supporting the...

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 settles with Youtube

Ripple Settled the Lawsuit Filed Against YouTube Last Year

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The CEO of Ripple Labs Brad Garlinghouse tweeted today to inform the followers about the settlement of the lawsuit with Youtube. Last year, @Ripple and I sued @YouTube for failing to enforce its own policies by allowing fake accounts (impersonating my/Ripple’s verified accounts) to conduct XRP...

MoneyGram lawsuit

Rosen Law Firm Accused MoneyGram of Wrong XRP Assertions

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Major money transfer system MoneyGram encounters a lawsuit that claims it didn't inform users about XRP's class as unlisted security. The initiator of the legal proceedings was Rosen Law Firm which introduced a representative action on March 1. The suit was in the name of depositors that traded...

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....

Ripple

SEC affirms accusations upon Ripple in the amended lawsuit

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SEC has said that Ripple CEOs Brad Garlinghouse and Chris Larsen have strongly influenced the price of XRP by increasing or decreasing the sales of their coins depending on the market situation. In an amended lawsuit filed on February 18, the SEC confirmed its allegations of violating U.S....

Ripple

SEC and Ripple abandon pre-trial settlement of the claim

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The US Securities and Exchange Commission (SEC) and Ripple said that the regulator's lawsuit over the alleged unregistered sale of securities in the form of a digital asset XRP will not be settled out of court. In a letter to open the case, the parties stated that having previously discussed this...

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 $...

Michael Barr

Ripple ex-advisor may become head of US banking regulator

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Ripple ex-advisor Michael Barr may head the Office of the Comptroller of the Currency (OCC) under the Joe Biden presidency. If appointed, Barr will replace Brian Brooks, a previous chief lawyer at cryptocurrency exchange Coinbase, who worked as head of the OCC from May 2020 to January 2021. At...