Ripple (XRP)

In addition to recruiting top-tier lawyers to bolster its defense, Coinbase has also filed “amicus briefs,” commonly known as friend-of-the-court briefs. In the face of intensified regulatory scrutiny within the cryptocurrency industry, Coinbase Global Inc (NASDAQ: COIN), a prominent American digital assets service provider, took a strategic legal approach to proactively influence court rulings in unrelated cases before becoming the primary target of a US crackdown. According to a recent...

Major cryptocurrencies are offering mixed returns as the crypto market remains prone to extreme bearishness amid poor macroeconomic conditions. While Bitcoin has surged over 3% in the past week, XRP has corrected by over 9% in the same period. With Ripple’s lawsuit against the SEC expected to get more clarity in the coming months, XRP investors believe that the token can show strong price movement with a positive result. However, amid uncertainty with the outcome of the court...

Analysts at American multinational financial services giant JPMorgan said in a report that the Hinman documents released last week in the Securities and Exchange Commission’s legal tussle with the blockchain payments firm Ripple would likely trigger more decentralization in the crypto realm. The research report, seen by CoinDesk, further noted that the documents provide a significant advantage for ether (ETH), the second largest crypto asset by market cap. A Boost for Ether...

In a report published June 15, JPMorgan’s analyst Nikolaos Panigirtzoglou said that SEC officials were unsure of Ethereum’s legal status in 2018. Leading American financial services company JPMorgan has highlighted the significant impact of the release of the Hinman documents on Ethereum in an ongoing court case between the United States Securities and Exchange Commission (SEC) and blockchain firm Ripple Labs. According to reports, Hinman’s documents, which include emails tied to former...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ripple price started a downside correction from the $0.5650 zone against the US dollar. The price is now trading below $0.500 and the 55 simple moving average (4 hours). There is a short-term rising channel forming with resistance near $0.500 on the 4-hour chart of the XRP/USD pair (data source from Kraken)....

Central Bank Digital Currencies (CBDCs) are slowly becoming a reality. The initial hype may have faded, but to crypto advocates’ disdain, these digitized versions of legal tenders appear to be inevitable. So far, 100 countries are reported to be exploring the concept in some form or the other. Despite not yet being rolled out full-fledged, CBDCs have managed to attract numerous narratives. Social Experiment? Project Rosalind – a central bank digital currency (CBDC) initiative...

Ripple’s price has encountered significant resistance, which threatens the continuation of its recent rally. However, there seems to be a favorable probability for the cryptocurrency to advance further in the upcoming weeks, as several nearby support levels are in place – at least from a technical analysis standpoint. Ripple Price Technical Analysis By: Edris XRP/USDT Daily Chart: XRP’s price has been unable to surpass the $0.55 level, leading to a period of trading below...

On Tuesday, June 13, the markets reacted positively to the publication of inflation data. The inflation rate in the United States increased by 0.1% in May. This inflation figure represents a 4% increase over the past 12 months, which meets the economic expectations of the Fed. But will it be enough for the Federal Reserve to slow down its aggressive monetary policy? According to the Consumer Price Index Summary report for May, published by the US Bureau of Labor Statistics, inflation...

The U.S. Securities and Exchange Commission (SEC) has released its long-awaited internal documents related to former commissioner William Hinman’s speech on digital assets in 2018.  The reveal incited fury from Ripple CEO Brad Garlinghouse, who has now accused the SEC of willingly throwing “an entire industry into chaos” by releasing the speech.  Hinman Ignored All Warnings According to now publicly available emails from the SEC, the agency warned Hinman multiple times that...

The price of Bitcoin is now experiencing some stability after heavy volatility following last week’s events in the crypto sector. The price of Bitcoin (BTC) seems to have stabilized as the world’s largest cryptocurrency by market cap recovers from recent volatility. Throughout last week, Bitcoin was unstable following regulatory issues that plagued the crypto industry and caused uncertainty and doubt. According to CoinMarketCap data, Bitcoin is trading at $26,147 after climbing less...