After the biggest breach of 2024 thus far—a $112 million attack on Ripple co-founder Chris Larsen’s personal wallet on January 31—cryptocurrency exchange Binance froze $4.2 million worth of XRP. Richard Teng, CEO of Binance, took to social media to announce that the exchange has blocked the exploiter’s address. He also
XRP slipped over 5% in the last few hours, violating multiple price floors as bears seized short-term control. The token also fought to hold above the psychologically important $0.51 mark. The breakdown revives downside risks, depending on whether or not crucial support bottles up selling pressure. After spiking briefly on
ZachXBT, an on-chain independent investigator reported that a huge breach at Ripple had resulted in the loss of almost 213 million XRP, which is worth about $112.5 million. Major crypto firm’s security practices came under scrutiny after the event, which was revealed on January 31, 2024, caused widespread worry among
A prominent U.S.-based cryptocurrency exchange has successfully defended its users’ transaction data privacy amidst the ongoing XRP lawsuit involving Ripple Labs and plaintiff Vladi Zakinov. According to an on-chain investigator known as Mr. Huber, the U.S. court has sided with Kraken’s argument, dismissing the request for the direct transfer of
Bold proclamations are commonplace in the cryptocurrency space, with exuberant investors declaring their allegiance to various digital assets. However, when a seasoned millionaire investor who has successfully navigated the volatile peaks and gut-wrenching plunges of this digital landscape vehemently suggests, “Sell Ripple and Buy Retik Finance (RETIK) Now,” undoubtedly piques
In the volatile world of cryptocurrency, opportunities for significant gains often come as quickly as they go. For those who may have missed out on XRP’s historic surge in the past, a new altcoin opportunity has emerged on the horizon. Meet Pandoshi (PAMBO), an altcoin priced at $0.008 in its
XRP bears have forced the token’s price into a precarious position following a punishing multi-week selloff that threatens to turn ugly. This week’s failed rally attempt marked the latest display of selling momentum, overwhelming struggling buyers near former support. The breakdown places XRP price action at the lower band of
The battle between Ripple Labs and the United States Securities and Exchange Commission continues to escalate as the regulator strongly dismissed several of the blockchain company’s assertions this week. In a court filing Tuesday, the SEC maintained that its request for additional Ripple financial documents and XRP sales contracts as
In the ongoing legal saga between Ripple Labs and the U.S. Securities and Exchange Commission, the latest development reveals Ripple’s strong opposition to the SEC’s motion seeking audited financial statements and details on post-complaint contracts. The SEC had requested information regarding the sale or transfer of XRP to “non-employee counterparties”
XRP failed in its attempt to turn the $0.57 level into support over the weekend as bears continued to apply intense downside pressure. The token has shed nearly 7% over the past week and currently trades around $0.54 following another 2% daily slump. The broader crypto retreat has engulfed XRP
