Ripple, the 5th-largest cryptocurrency, could be gearing up for a rally, according to some analysts weighing market risk factors. Glassnode co-founder Negentropic recently tweeted that the current volatile crypto environment may set up willing risk-takers for gains in large-cap coins, including Ripple. He cited declining risk levels similar to those
In a significant setback for the U.S. Securities and Exchange Commission (SEC) in its quest to regulate the cryptocurrency market, a federal judge has rejected the SEC’s request to appeal her recent ruling involving Ripple Labs, the company behind the XRP token. District Judge Analisa Torres ruled that the SEC
Despite recent legal victories, on-chain data suggests the perceived resurgence of XRP may be overhyped. Liquidation figures and lackluster price action indicate the disputed cryptocurrency has yet to see the hype translate into renewed bullish momentum. According to CoinGlass, around $1.35 million worth of XRP positions have been liquidated amid
Former Obama administration employee Lauren Belive has been recruited by Ripple to lead the company’s public policy and government operations in the United States. Belive will take charge of the company’s efforts in Washington and elsewhere to promote crypto-friendly regulations for both consumers and companies. Before joining SoftBank Group International
The New York Department of Financial Services (DFS) has made significant waves in the cryptocurrency world with its latest move to revamp its “greenlist” of approved cryptocurrencies. According to crypto lawyer Bill Morgan, DFS removed assets like Ripple (XRP) and Dogecoin (DOGE), while Bitcoin (BTC), Ethereum (ETH), and the PayPal
Ripple’s relentless resistance against the United States SEC continues to attract attention from the crypto community at large. The firm plans to keep moving forwards with key innovations and collaborations. Ripple is still planning to expand internationally despite the ongoing SEC pursuit and bearish market sentiments. According to David Schwartz,
CoinEx, a prominent cryptocurrency exchange, found itself in the spotlight on September 12 amidst suspicions of a security breach that potentially cost them close to a staggering $53.9 million. The incident sent shockwaves through the crypto community, as large withdrawals to an unfamiliar address raised red flags. On Tuesday, at
It’s been less than two months since the landmark SEC vs. Ripple judgment. After significantly rising post the judgment, XRP’s price has fallen back to its pre-breakout level as the token is now facing a 53% retracement after its spectacular breakthrough in July. Undoubtedly, the euphoria among XRP traders and
As part of its move to certify its interlocutory appeal in the XRP lawsuit, the U.S SEC issued a 20-page reply memorandum of law yesterday. The SEC is seeking to preserve face by appealing the inquiries asked in the lawsuit, on the grounds that it has an institutional interest in
Prominent crypto statistics provider Kaiko recently highlighted the XRP’s current trading volume of $779 million. The figure is up from $462 million trading volume in August. This last month figure is notable since it is four times more than the volume of transactions for the second cryptocurrency on the list.
