Ripple Financial News

XRP’s price performance has always been controversial, because it’s seemingly impossible to talk about the asset without bringing up the contentious SEC vs Ripple Labs lawsuit. That said, however, there are some movements taking place that investors and traders need to follow.

XRP price is looking for a platform to rest after its recent downtrend. This short-term correction is a result of the recent breakout and due to its correlation with Bitcoin. Regardless of the recent downswing, Ripple is worth taking another look as two on-chain metrics suggest a bright future ahead for the altcoin.

The Security and Exchange Commission (SEC) might be taking a different approach to winning this ever-lasting feud with fintech firm, Ripple. More of an indirect root to counter Ripple‘s action mode strategy. Herein, Ripple had filed a letter motion to compel SEC to turn over notes. Although, the SEC refused to do so, cited deliberative process privilege (DPP).

Recently, the SEC’s Gary Gensler was asked for his opinion on whether XRP is an ‘unregistered security’. While he refused to comment in-depth, he did remark that the SEC was ‘trying to do is help continue with that basic bargain’. The basic bargain being anti-fraud protection as well as full and fair disclosure to the public, from whom the money had been raised. The SEC vs. Ripple case could have huge ramifications for the crypto industry. Regarding the price movement of the token itself, the short-term outlook remained bearish.

XRP addresses that hold at least 10 million native units have returned to accumulating more in the past three months, a similar scenario that preceded a big rally for the XRP/USD and XRP/BTC pairs in late 2020.

Ripple’s court battle with the United States Securities and Exchange Commission has recently seen new developments that, according to some observers, could foreshadow an impending resolution of this massively consequential case. Feb. 17 marks the deadline for Ripple to unseal a series of 2012 documents whose contents will likely sway the opinions of both the court and the public toward either one side or another. In another plot twist, the court’s decision to treat some of the SEC’s documents as open to discovery could set a groundbreaking precedent for similar cases involving U.S. executive agencies. Here is where things stand ahead of the next round of the showdown.

The Gary Gensler-led Securities and Exchange Commission (SEC) has repeatedly aired its concerns about spot Bitcoin Exchange Traded Funds (ETFs). In fact, the Chairman believes there is a lack of infrastructure designed to prevent fraudulent and manipulative acts and practices. According to the agency, this wouldn’t serve the SEC’s intent to protect investors and public interest.

Crypto lending and interest startup BlockFi Lending LLC agreed on Monday to pay $100 million to the Securities and Exchange Commission (SEC) and 32 states to settle charges over failing to register its retail cryptocurrency lending product, BlockFi Interest Accounts.

XRP and Stellar’s XLM are both among the market’s top 40 cryptocurrencies – and rival siblings too. The link between them is technologist Jed McCaleb, who founded Ripple and then left to co-found the Stellar Development Foundation [SDF].

‘I have cities, but no houses. I have mountains, but no trees. I have water, but no fish – What am I?’

XRP price has continued to bounce back after falling by more than 70% in a correction between April 2021 and January 2022.

Analyzing the aggregate cryptocurrency market performance over the past 7 days could give investors the impression that the total market capitalization grew by a mere 4% to $2.03 trillion, but this data is heavily impacted by the top 5 coins, which happen to include two stablecoins.

Recently, Wells Fargo had stated that cryptocurrencies could be hitting an “adoption inflection point,” comparing it to the internet adoption in the 1990s. In another report, examining crypto trends for 2022, Ripple has noted,

The ever-lasting fight between the United States Securities and Exchange (SEC) and the Ripple Labs took quite a few interesting turns. Over the years, the SEC’s lawsuit against Ripple Labs made headlines that directly affected XRP‘s price.

Philippine Cryptocurrency Exchange (PDAX) raised $50 million on Thursday, Feb 10, from a Series B round led by Tiger Global management.

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Agriculture and crypto don’t seem like they have a lot in common, but the Senate Agriculture Committee’s hearing on crypto assets triggered strong reactions from crypto stakeholders across the board. While it’s hard to define whether the hearing bodes ill or not for investors, a Ripple official has shared their take on the proceedings.

However, the idea has received significant pushback, most recently from a committee of peers in the House of Lords, which last month concluded that there is no convincing case for the digital pound.Project New Era, an initiative led by The Payments Association, paywith.glass and other private industry stakeholders, and supported by Boston Consulting Group, is looking to advance the conversation with its Green Paper, which will be followed by real-world pilots looking into design questions and how to mitigate risks.The project is putting together a private consortium to carry out the pilots using dSterling, a digital settlement asset similar to a CBDC. The focus will be on testing use cases, including retail payments, cross-border transactions Tokenisation-as-a-Service, and how to service Payment Institutions and Electronic Money Issuers.The project then plans to share their data and feedback with central banks and policymakers.Tony Craddock, director general, The Payments Association, says: “The widespread adoption of CBDCs could be as important to the 21st century as the end of the gold standard was to the 20th.

To many investors and analysts, cryptocurrencies truly stepped over the line when dogecoin was launched as a «joke currency» in 2013. The digital currency is based on a popular meme about a Shiba Inu dog. While most digital currencies offer (or at least purport to offer) some benefit in terms of transaction speed, blockchain usefulness, or practical application, dogecoin appears to simply be an attempt to cash in on the popularity of cryptocurrencies.

Since late 2015, the Hyperledger Project has existed to facilitate collaboration among developing blockchains and distributed ledgers of various types. Developed by the Linux Foundation and now including dozens of members, Hyperledger aims to improve the performance of blockchain networks in order to help integrate this new technology with businesses worldwide. Now, Coindesk reports that the distributed ledger startup Ripple, the developer of the cryptocurrency of the same name, has joined the consortium. (Related: What's the Difference between Bitcoin and Ripple?)

In the cryptocurrency world, news about skyrocketing prices and valuations mostly elicits shrugs. But Ripple’s rise has raised hackles and disbelief.