Tagged: xrp

Bitwise Update: Bitwise 10 Crypto Index Fund Liquidated Position in XRP

Bitwise Asset Management, a provider of crypto-asset index and beta funds, announced on Wednesday the Bitwise 10 Crypto Index Fund (OTCQX: BITW) (the Fund) has liquidated its position in XRP. Bitwise revealed that on Tuesday, December 22nd, the U.S. Securities and Exchange Commission (SEC) filed… Read More

Ripple Support: Cato Director of Financial Regulation Studies Slams Regulation by Enforcement Approach by SEC

Following the announcement of an enforcement action by the Securities and Exchange Commission (SEC) alleging Ripple engaged in the sale of unregistered securities pertaining to XRP, Ripple has countered and executives have publicly countered the claims. Meanwhile, the lawsuit has caused several digital asset exchanges… Read More

First Hong Kong Regulated Digital Asset Exchange Halts XRP Trading Following SEC Enforcement Action [U] – Other Exchanges Cancel XRP

Just last week, OSL became the first licensed digital asset trading platform in Hong Kong. It received approval by the Securities and Futures Commission (SFC) to conduct  Type 1 (dealing in securities) and Type 7 (automated trading service -ATS) regulated activities and claims to be… Read More

SEC Charges Ripple, Christian Larsen and Bradley Garlinghouse, with $1.38 Billion Sale of an Unregistered Security

The Securities and Exchange Commission (SEC) has publicly posted the complaint charging Ripple with the sale of an unregistered security. Including in the enforcement action are Christian Larsen, the company’s co-founder, executive chairman of its board, and former CEO; and Bradley Garlinghouse, the company’s current… Read More

Wells Notice: Ripple Publishes First Response to SEC’s Enforcement Action

Ripple has posted a response to a Wells Notice received by the blockchain firm. A Wells Notice is a document sent to an entity or individual giving notice of a pending enforcement action following an investigation by the securities regulator. Yesterday, it was reported that… Read More

Ripple Targeted in SEC Enforcement Action

Ripple, the creator of XRP the third-largest crypto by market cap of over $22 billion, is the target of a Securities and Exchange Commission (SEC) enforcement action. Rumors have been circulating for some time now that Ripple had received a Wells Notice – an indication… Read More

Bitcoin Reaches All-Time High but BTC Dominance Fails to Break Records as Ethereum, XRP and Altcoins Surge: Report

Last month, the digital asset markets were “on a tear” as many cryptocurrencies experienced significant gains, Binance notes in its market report. The leading digital currency exchange confirms that Bitcoin (BTC) continues to dominate global headlines as its price surged from below $14,000 on November… Read More

66% of Digital Assets Survey Respondents Say We’re in a Crypto Bull Market, with Many Investors Excited About Altcoins, DeFi for 2021

As the digital asset market approaches the end of 2020, Kraken Intelligence (part of US-based crypto exchange Kraken) has carried out its second VIP client sentiment survey for this current year. According to Kraken, the goal of the survey is to assess digital asset market… Read More

Digital Assets Market Cap Reaches 32-Month High of $582 Billion before Correcting to Below $540 Billion: Report

Binance, the world’s largest digital asset exchange, notes in its latest crypto market overview report that it hasn’t seen prices this high since December 2017 (which was during the historic bull market that led to Bitcoin surging to nearly $20,000 and Ethereum reaching a price… Read More

Crypto Derivatives Market Trading Volume Surged from $38.3B on Nov 21 to $66.9B on Nov 27, 2020 after Bitcoin Price Crash: Report

The TokenInsight team notes that once again (unsurprisingly), we all received a “big gift” from the digital asset market for Thanksgiving with Bitcoin (BTC) crashing – which came right after it surged past the $19,000 mark for the first time in around three years. The… Read More

Recent Bitcoin (BTC) Price Consolidation Might have Helped XRP Surge 80%, Ethereum (ETH) Also Up 25% in 72 Hours: Report

Bitcoin (BTC), the flagship cryptocurrency, is approaching its all-time of nearly $20,000 which it set back in December 2017 during the historic crypto market bull run. Bitcoin peaked at $18,950 this past week, and has begun to move higher toward its new year-to-date highs at… Read More

American Fintech Ripple Might Leave US and Establish Headquarters in Other Countries due to Lack of Regulatory Clarity in the US

San Francisco-based Fintech firm Ripple might consider moving its business operations to another country if US financial regulations remain unclear. Ripple has narrowed down its choices to five high-potential markets where it may establish its new headquarters. They include the UK, Switzerland, the United Arab… Read More

Ripple Launches Beta Service on RippleNet “Line of Credit”

  Ripple, a provider of enterprise blockchain solutions for payments, announced on Thursday the launched Line of Credit, a new beta service on RippleNet that allows customers using On-Demand Liquidity (ODL) to source capital on-demand to initiate cross-border payments at scale using the digital asset XRP…. Read More

Fintech Is Playing a Key Role in the Growth of a Sustainable, Global Financial System, Ripple Exec Says

Monica (Appelbe) Long, SVP of Marketing at American Fintech Ripple, says that we’re all in the midst of a global climate crisis—”one that is impossible to ignore.” Long confirms that efforts are being made by many countries to “avert the worst-case climate scenarios.” Organizations and… Read More

Cross-Border Payments are on the “Cusp of Transformation” According to Executive from Fintech Ripple

Marcus Treacher, the SVP of Customer Success at American Fintech Ripple, notes that the world’s cross-border payments market is highly fragmented. But he claims that international transactions are now being redefined by “the power of ISO standardization” and the innovative technology approach of RippleNet, which… Read More

New York Department of Financial Services Publishes Updated List for Approved Virtual Currencies for NY Businesses

The New York Department of Financial Services (NYDFS) recently noted that there are several different paths that virtual currency businesses may take to begin using or listing digital currencies like Bitcoin (BTC) and Ethereum (ETH), among many others. The NYDFS is the department of the… Read More

Global Payment Sector to Reach $2.7 Trillion in Value by 2023, with Blockchain or DLT Increasingly Being Used by Cross-Border Payment Solutions: Report

The global payment industry and ecosystem has been growing steadily. The sector is projected to be valued at $2.7 trillion by 2023. Some of the challenges faced by the payment industry include high transaction fees, inefficient cross-border transactions, poor or lack of interoperability between different… Read More

Fintech Ripple Sold Over $32 Million in XRP During Q2 2020, Only Sold $1.75 Million of the Digital Asset During Q1 2020: Report

San Francisco based Fintech firm Ripple has released its quarterly XRP Markets Report. The company notes in its report, that as an XRP holder, Ripple “believes proactive communication and transparency are part of being a responsible stakeholder.” During Q2 2020, total XRP sales were valued… Read More

CoolBitX Partners with Payment Processor BitPay to Support Cryptocurrency Purchases Directly from Hardware Wallet

Blockchain security firm CoolBitX is focused on developing the infrastructure to bridge the gap between mainstream financial institutions and the nascent crypto-asset sector. On July 30, 2020, CoolBitX revealed that it has teamed up with BitPay, the leading provider of cryptocurrency payment services. As mentioned… Read More

Expedia’s 700,000+ Accommodations May Now be Booked with Crypto Payments via Travala.com

  Expedia has revealed that it will now allow its 700,000+ accommodations to be booked with digital currency payments via Travala.com, a crypto hotel booking platform. Travala.com’s management confirmed on July 6, 2020 that the company had added Expedia’s accommodations to its crypto-powered travel platform’s… Read More

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