On August 10, the price of XRP inexplicably spiked for a brief moment on the Gemini exchange. For a moment, the price of XRP reached an astounding $50 per coin before quickly crashing back down to the same level on spot markets on other exchanges. Brief Price Surge On Gemini According to various posts on…
Read more
After the Aug. 11 Bitcoin ETF decision delay, BTC’s boring price action looks set to carry on through the weekend. Bitcoin continues to frustrate investors with its tight-range consolidation, giving no clue about the possible direction of a breakout. Typically, the longer the range, the stronger the eventual breakout from it. Therefore, traders should be on…
Read more
The U.S. Securities and Exchange Commission (SEC) is not appealing District Judge Analisa Torres’ ruling that XRP is not a security, a lawyer has explained. The securities regulator is appealing “programmatic and individual sales issues,” he clarified, adding that “If the SEC wins the appeal on sales, then Ripple couldn’t use exchanges to facilitate sales.”…
Read more
Chainlink declined from a recent two-week high on Thursday, as market uncertainty rose around the latest U.S. inflation report. As consumer prices rose to a reading of 3.2% in July, traders so far seem unsure on how to process this data. XRP fell by nearly 5% today. Chainlink (LINK) Chainlink (LINK) was back in the…
Read more
On the back of Ripple’s partial win over the United States Securities and Exchange Commission (SEC), activity on the blockchain has ramped up quickly. This increase has now seen XRP beat out market leader Ethereum when it comes to the number of daily transactions carried out on the blockchain. Ripple Leading The Pack While the…
Read more
The task force is a part of the Bank of International Settlements’ Committee on Payments and Market Infrastructure. The Bank for International Settlements (BIS) recently announced a cross-border payments interoperability and extension (PIE) task force that includes blockchain-based digital payment network Ripple. On Aug. 9, BIS shared a summary of its PIE task force May…
Read more
In a meticulously detailed letter to Judge Analisa Torres of the Southern District of New York, the US Securities and Exchange Commission (SEC) has delineated its grounds for seeking an interlocutory appeal against Ripple Labs Inc. This move, which has sent ripples (pun intended) through the XRP community, focuses on the intricate legalities surrounding Ripple’s…
Read more
XRP has halted its decline by rising above the $0.60 price level. In the past 24 hours, its value increased by nearly 6%. However, XRP hasn’t yet shown significant gains on the weekly chart. The technical analysis suggests a positive trend for XRP, but there’s a chance that the coin could face more downward movement…
Read more
The U.S. Securities and Exchange Commission (SEC) has sent a letter to District Judge Analisa Torres seeking permission to file an interlocutory appeal in the SEC v. Ripple case over XRP. In addition, the securities regulator’s motion will “seek to stay the district court proceedings.” SEC Seeks to Appeal Ruling in Ripple-XRP Case The U.S.…
Read more
Aiming for a jury trial to start between April 1 and June 30, 2024, Judge Analisa Torres laid out deadlines for the SEC and Ripple defense lawyers to submit certain motions. The judge overseeing the civil case of the United States Securities and Exchange Commission (SEC) against Ripple Labs plans to schedule a jury trial…
Read more
