Tag: securities and exchange commission

Quick take: MagicPoopCannon believes Biden's picks for the US Treasury, SEC and OCC will provide the regulatory clarity needed in the United States regarding digital assets Magic is optimistic that both Ripple and XRP will benefit from such clarity US Treasury Nominee, Dr. Janet Yellen, recently clarified her comments regarding digital assets Dr. Yellen pointed out that cryptocurrencies can be used to improve...

Ever since the lawsuit back in December 2020, XRP prices fell from their high of USD 0.75 all the way back to their initial consolidated price of USD 0.17 as investors feared what the future holds for Ripple company. What happened to the price of XRP and how is the price reacting to cryptocurrency market news?...

Unlike the U.S., Japan considers XRP to be a cryptocurrency, not a security.

Gary Gensler has taught courses about blockchain at MIT.

Clients residing outside the U.S. will be unaffected.

Quick take: Grayscale announced the dissolution of its XRP trust All cash proceeds will be distributed to the XRP Trust shareholders XRP is rather stable at the $0.28 - $0.30 price area Its number 4 spot in terms of market cap, could be under threat from Polkadot (DOT) Grayscale Investments has announced that it will be commencing the dissolution of its XRP Trust...

Summary: The number of new XRP account activations has hit a one year high of 9,100 per day This is despite crypto exchanges suspending the trading of XRP due to the Ripple lawsuit XRP has reclaimed the $0.30 price area as support as well as the number 4 spot on Coinmarketcap The number of new XRP account activations per day has reached a...

Data and traders reveal the source of XRP's recent price rally could be Asia.

After the big SEC lawsuit that slammed...

Quick take: Stellar (XLM) is now ranked 9th on Coinmarketcap with Chainlink in the 10th position Stellar (XLM) initially fell to $0.11 after news broke of the SEC suing Ripple The digital asset has since set a two-year high of $0.418 due to news of Ukraine using the Stellar network to issue its own digital currency Altcoins have been in the green this...

Summary: Bitcoin's dominance tested 73% on January 3rd This level was last seen in September of 2019 and is a crucial resistance area If Bitcoin pushes above this level, altseason will be postponed Conversely, if Bitcoin corrects and fails to break the 73% dominance, alts might just thrive The King of Crypto, Bitcoin (BTC), has just set a new all-time high value of...

Summary: A member of the XRP community has filed a petition with the White House requesting the SEC lawsuit to be halted The petition cites that FinCEN already declared XRP a currency Furthermore, the SEC lawsuit against Ripple has caused massive damages to XRP holders Such financial damage is in contrast to the SEC's mandate to protect retail investors The XRP army has...

Chainlink (LINK) is the largest DeFi project by market capitalization, but that’s not about it. The decentralized data oracles protocol also secures value of billions of dollars in DeFi protocols. It does so by ensuring that those protocols receive timely updates of accurate data, which are key in ensuring their proper and effective functioning....

Quick take: XRP trading will be halted next month on Bittrex, eToro US and Binance.US The exact dates on each exchange are January 15th, January 3rd and January 13th All three crypto exchanges cite the ongoing lawsuit by the SEC against Ripple Other exchanges to suspend trading of XRP include Coinbase, OKCoin, Bitstamp, B2C2 with the list growing daily The remittance coin of...

So far, the SEC has considered many applications for bitcoin-based ETFs and rejected them all.

Ripple is too dependent on XRP, and the falling token prices are making the chances of its survival narrow.

Ever since the SEC lawsuit that hit Ripple company, XRP's price began falling and wiped out all gains made throughout the crypto bull run post-COVID-19. This event created fear...

The announcement came hours after Coinbase and OKCoin took similar actions.

Summary: Coinbase will suspend trading of XRP on January 19th However, XRP wallets will be available for deposits and withdrawal XRP holders will still be eligible for their Flare Networks airdrop of Spark Tokens (FLR) Coinbase suspending rather than delisting hints the exchange will wait out the lawsuit A few hours ago, the crypto exchange of Coinbase announced that it would suspend XRP...

The project was fined $250,000 for securities law violations.