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… Read More Ripple Files Motion Seeking Dismissal of Class-Action Lawsuit
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… Read More Fifth Lawsuit Filed Against Ripple’s XRP by Investors
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… Read More Ripple Sends Letter Asking for Regulatory Clarity Regarding Cryptocurrencies To US Congress
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… Read More Why Did The Price For Ripple’s XRP Jump Over The Weekend?
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… Read More Prices For Bitcoin And The Top 10 Cryptocurrencies Are All In The Red For This Year
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… Read More Analyzing Monthly Returns For Cryptocurrency Prices In 2017