Ripple Files Motion Seeking Dismissal of Class-Action Lawsuit

Ripple, whose cryptocurrency XRP was the subject of a class-action lawsuit last month, has filed a motion seeking its dismissal. The class-action lawsuit was filed in Oakland, Calif., last month by Bradley Sostack from Florida. It charged Ripple with conducting an “unregistered sale of securities” and violating California’s advertising laws. Critics say XRP is an unregistered security whose price has been artificially inflated by Ripple … Continue reading Ripple Files Motion Seeking Dismissal of Class-Action Lawsuit

Fifth Lawsuit Filed Against Ripple’s XRP by Investors

Even though it is the third largest cryptocurrency by market capitalization, Ripple’s XRP token has faced criticism from within and outside the crypto community. Observers have also construed the SEC’s silence on XRP’s status as a negative, meaning that classification as a security could crash its high valuation by saddling it with extra costs and disclosures for compliance. Another one was filed this month. The … Continue reading Fifth Lawsuit Filed Against Ripple’s XRP by Investors

Ripple Sends Letter Asking for Regulatory Clarity Regarding Cryptocurrencies To US Congress

Ripple has asked the US Congress for greater regulatory clarity about cryptocurrencies in a letter published Sunday on blogging platform Medium. In their letter, the company claims that without a clear regulatory framework, there is a risk to the innovation, jobs, and tax revenue that blockchain technology can create overseas. What Ripple Wants Ripple’s letter is essentially a plea for a partnership with regulators. While … Continue reading Ripple Sends Letter Asking for Regulatory Clarity Regarding Cryptocurrencies To US Congress

Why Did The Price For Ripple’s XRP Jump Over The Weekend?

For most of this year, the price for Ripple’s XRP has trended downward. Towards the end of 2018’s first week, XRP price reached a high of $3.54 and a market cap of $137 billion. But its price cratered soon after in the swoon that enveloped cryptocurrency markets as media reports and crypto experts questioned XRP’s utility within the Ripple ecosystem. Until last week, XRP’s price … Continue reading Why Did The Price For Ripple’s XRP Jump Over The Weekend?

Prices For Bitcoin And The Top 10 Cryptocurrencies Are All In The Red For This Year

It took some time but it finally happened. The top 10 cryptocurrencies have all shed their gains from last year. Cardano, which rallied towards the end of last year, is the biggest loser, having lost 73% of its value since the start of this year. With losses of 70.3% and 63.6% each, Ripple and Bitcoin Cash are not far behind. NEO held out against market … Continue reading Prices For Bitcoin And The Top 10 Cryptocurrencies Are All In The Red For This Year

Analyzing Monthly Returns For Cryptocurrency Prices In 2017

Yesterday I wrote a post about San Francisco-based investment firm Bitwise Asset Management’s first research report about cryptocurrencies for Investopedia. The report, which is a case for diversification of holdings within the cryptocurrency ecosystem, tracked monthly returns for the top 10 cryptocurrency holdings in their HOLD10 index in the last year. Given the tumultuous volatility of cryptocurrency markets, it is not surprising that there was … Continue reading Analyzing Monthly Returns For Cryptocurrency Prices In 2017