The U.S. Securities and Exchange Commission (SEC) has asked a New York judge to impose a nearly $2 billion judgment against Ripple Labs, according to court filings. Source
Tag: Ripple
Garlinghouse Says SEC to Press Judge for $2B in Fines and Penalties in Ripple Case
Alderoty wrote that the company will file its response to the SEC’s motion next month, adding “As we all have seen time and time again, this is a regulator that trades in statements that are false, mischaracterized and designed to mislead … Rather than faithfully apply the law, the SEC remains bent on wanting to punish and intimidate Ripple – and the industry at large. We trust the Court will approach the remedies phase fairly.” Source
Ripple, Cardano traders excited by Fezoo’s potential, eyes presale
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ripple and Cardano traders are captivated by Fezoo’s promising prospects, turning their focus to its presale amidst a tumultuous crypto market week. The past week reminded investors and traders of the volatility of the crypto market. After Bitcoin (BTC) fell from $70,000, it is estimated that long positions amounting to more than $809 million were liquidated in the past week amid a big market correction. This correction saw Ripple…
Ripple CEO Expects SEC to Lose Against Ethereum, Mirroring XRP Lawsuit Outcome
Ripple’s chief executive believes the U.S. Securities and Exchange Commission (SEC) will be unsuccessful in classifying ether as a security, similar to how the agency lost its legal battle, for the most part, against XRP. Noting that the SEC has been “losing badly in courts” against crypto firms, the Ripple CEO stated: “At what point […] Source CryptoX Portal
Ripple pumps 5% while market is red but Green Bitcoin also soars
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Despite a downturn in the crypto market, XRP demonstrates resilience with a 5% surge, while Green Bitcoin, a new ICO crypto, gains momentum. A sea of red has swept the crypto market, but XRP has displayed outstanding resilience by pumping 5%. Meanwhile, the new ICO crypto, Green Bitcoin, is also soaring. Its presale surpassed $7.5 million today, with over $500K raised in 24 hours. XRP price pumps amid growing…
Is Ripple Behind The XRP Price Crash? Massive Selling Spree Sparks Concern
Ripple’s occasional sale of XRP tokens has always been pinpointed as one reason for XRP’s tepid price action. Once again, the crypto firm’s recent offloading of a significant amount of XRP has raised concerns about its negative effect on the crypto token. Ripple Offloads 240 Million XRP On-chain data shows that Ripple transferred a total of 240 million XRP tokens to an unknown address in two separate transactions. The first transaction occurred on March 5, when it sent 100 million XRP to the address in question. Then, on March 13,…
Ripple, Cardano, and InQubeta highlight
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the crypto market gears up, XRP, ADA, and QUBE stand out for their growth potential and innovative contributions, particularly in AI and blockchain technology. The crypto scene is filled with exciting developments. Building up to the bull market is GoDaddy’s integration with ENS, the launch of new cryptos like Starknet and Pixels, and Bitcoin (BTC) hitting $73,000—a new ATH. Massive gains are up for grabs this cycle and…
Ripple (XRP) Snaps Losing Streak Against Bitcoin (BTC) Price; Crypto Rally Expands to Litecoin (LTC), AVAX, ADA, DOT
While bitcoin had already broken record highs and some corners of the crypto space such as meme coins and artificial-intelligence (AI) tokens experienced exorbitant gains, XRP had so far been notably absent from the action. When measured against bitcoin, XRP prior to today’s move had slid to a 3-year low, TradingView data shows. Even with this afternoon’s big jump, XRP is now only up 17% year-to-date, substantially underperforming BTC’s 64% advance and the broad-market CoinDesk 20 Index 54% gain. Source
Ripple price prediction for 2024: will XRP rise?
This analysis delves into the Ripple (XRP) price prediction, offering insights into its potential growth and the factors that could shape its journey in the coming years. Recently, Ripple (XRP) has seen a significant resurgence, with a 10% rally over the past week pushing its price close to over $0.61. Over the past year, XRP has seen an impressive gain of more than 70%, from $0.35 levels in Mar. 2023 to $0.59 as of March 1. However, it still trades far below its all-time high of $3.84, achieved in Jan.…
Is Ripple Dumping Millions Of XRP? CTO Addresses Reasons Behind $34 Million Transaction
Ripple has always been subjected to claims of manipulating the price of XRP and its natural growth by selling coins. As the cryptocurrency’s largest holder, Ripple has faced constant criticism about the amount of XRP it holds, with detractors arguing it gives them too much control and influence over the price. Particularly, there’s been some drama swirling around the altcoin lately and claims that Ripple has been manipulating the market and systematically dumping its large holdings. This has come in light of a large transfer of 60 million XRP tokens…