• Ripple downplays Coinbase delisting
    Regulation,  Ripple,  XRP

    Ripple downplays seriousness of Coinbase XRP delisting

    Promising to aggressively fight off the SEC, Ripple argued that because most XRP is traded outside the U.S., exchange suspensions won’t impact it too seriously

    A day after leading U.S. cryptocurrency exchange Coinbase announced it will suspend trading in XRP following a Securities and Exchange Commission lawsuit against Ripple, the international payments firm downplayed the importance of the leading U.S. cryptocurrency exchange’s action.

  • Coinbase suspends trading in XRP
    Regulation,  Ripple,  XRP

    Coinbase to suspend trading in XRP, citing SEC lawsuit against Ripple

    One of the leading American cryptocurrency exchanges, Coinbase’s actions come in the wake of and SEC lawsuit accusing Ripple of selling illegal securities

    The action comes in the wake of the U.S. Securities and Exchange Commission’s Dec. 22 lawsuit against Ripple, the international payments company closely associated with XRP. The SEC claims that XRP is a security and Ripple’s ongoing sale of some 14.6 billion XRP worth $1.38 billion was an illegal unregistered securities sale. Ripple has denied this, and has said it intends to fight the lawsuit vigorously.

  • Ripple sees solidarity and departures
    Regulation,  Ripple,  XRP

    Lawsuit looming, Ripple sees solidarity and departures

    As the impact of the Securities and Exchange Commission’s lawsuit hits some supporters are taking off, some are backing away, and some are offering support

    While Ripple has offered an aggressive response, promising to fight the enforcement action it calls “an assault on the entire American cryptocurrency industry and an assault on American innovation”—companies working with Ripple and XRP have had very different responses.

  • markets report bitcoin price
    Bitcoin,  Markets Report,  XRP

    Markets Report: Bitcoin calms at $23,000 as XRP losses hit 50%

    The aftermath of an SEC lawsuit claiming that XRP is a security which Ripple illegally sold to the tune of $1.3 billion could have hit Bitcoin sentiment much harder, the largest cryptocurrency’s supporters say

    Bitcoin rejected volatility on December 24 after a fraught trading period courtesy of the $1.3 billion Ripple lawsuit. The pair had ranged throughout the $23,000-$24,000 zone on Wednesday, as mixed signals over the knock-on effects of regulatory attention on Ripple and XRP served to spook sentiment.