XRP Financial News

Bybit, the Singapore-based cryptocurrency exchange, has announced the launch of its new debit card that will allow users to make payments and withdraw cash using their cryptocurrency holdings. The Bybit card will operate on the Mastercard network and will initially allow fiat-based transactions by debiting cryptocurrency balances when used to pay for goods and services. The new service begins with the launch of a free virtual card for online purchases, while physical debit cards are set to be available in April 2023. The card will work with Bitcoin, Ether, Tether, USD Coin, and XRP balances on user accounts. Payments made with the Bybit card will automatically convert the balances of these initial cryptocurrencies into euros or pounds, depending on the user's country of residence.

The price of XRP has risen by 1.5% in the past 24 hours, reaching $0.393371 on a day when news of Silvergate's voluntary liquidation has hurt the market as a whole.

The unending Ripple [XRP] tussle with the SEC might end in another legal proceeding, according to Scott Chamberlain. The blockchain lawyer and founder of Evernode XRPL, stood this ground while responding to a tweet about the ruling on both parties to preclude expert testimonies.

On March 7, United States Federal Reserve Chairman Jerome Powell warned that interest rates may remain higher for longer than previously anticipated. This boosted expectations of a 50 basis points rate hike in the Fed’s March meeting to about 70% from 30% a week earlier, FedWatch Tool data suggests.

Ripple CEO Brad Garlinghouse is in the news today after he tweeted about the state of the crypto-industry in the United States. According to the exec, the industry needs to rebuild trust through utility and transparency.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

The XRP price has risen by 2% in the past 24 hours, reaching $0.369805 after the cryptocurrency market barely moved overnight. 

The United States equities markets are trying to extend their recovery at the start of the new week. One of the reasons that could be boosting investor confidence is that the yield on the benchmark 10-year note has slipped further to 3.924%.

Almost half of South Korean crypto holders think Bitcoin (BTC) prices will rise this week, a survey has found.

The Ripple XRP community on Twitter has been engaged in a heated debate over a proposal to raise transaction fees on the XRP Ledger in order to boost the price of the token.

The United States Securities and Exchange Commission (SEC) regulation through “enforcement,” as opposed to “doing the work,” is not a “healthy way” to regulate an industry, and may result in the U.S being a less attractive place for crypto innovation, suggests Ripple’s CEO.

Ripple [XRP] is back in the spotlight courtesy of its recent filing regarding its lawsuit filed by the SEC. The new filing focuses heavily on Fair Notice defense, which has been part of Ripple’s argument since the beginning. But what is new this time?

Bitcoin (BTC) is leading the cryptocurrency markets lower and the matter is being exacerbated by Silvergate Banks' ongoing issues. This week the cryptocurrency-focused bank said that it needed additional time to file its annual 10-K report and warned that it may not be able to operate for another 12 months. Reacting to this news, several cryptocurrency companies announced that they were reducing or canceling their partnerships with Silvergate Bank. 

Ripple [XRP] CEO Brad Garlinghouse has revealed a timeline for the verdict of the ongoing lawsuit with the U.S Securities and Exchange Commission (SEC). In a 3 March interview with Bloomberg TV, Garlinghouse stated that he expected a decision on the controversial lawsuit this year. The lawsuit has been going on since December 2020. 

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

The XRP price has dropped by 3% in the past 24 hours, falling to $0.367287 as the market reels from concerns over the financial health of Silvergate Bank. Its current level means that it has declined by over 5% in a week and by nearly 10% in the last 30 days, although it remains 8% up since the beginning of the year.

Despite XRP breaking below a key uptrend that had been in play since the start of 2023 late last week, the bulls have managed to keep the cryptocurrency above the $0.37 level. XRP, the token that powers the XRP Ledger, a crypto-powered decentralized payments-focused blockchain built by Ripple, was last changing hands in the $0.38s, up around 3.0% from earlier weekly lows, having derived some support alongside broader cryptocurrency markets from a weaker US dollar.

Bitcoin (BTC) was marginally positive in February even though the S&P 500 index (SPX) fell by 2.61%. On the first day of March, Bitcoin has started on a positive note while the United States equities markets are struggling. This shows that Bitcoin is trying to decouple from the U.S. equities markets.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Bitcoin (BTC) and the United States equities markets are trying to start the week on a positive note but some analysts are skeptical about the short-term prospects of the markets. According to Bloomberg Intelligence senior macro strategist Mike McGlone, Bitcoin will face significant resistance at $25,000. McGlone believes that it “may be a while before buy-and-hold types gain the upper hand.”

In the ongoing Ripple lawsuit, California plaintiffs have challenged John E. Deaton, who filed a motion to allow seven non-parties to file amicus curiae in support of the defendant’s opposition to the lead plaintiff’s motion for class certification.