XRP Bulls Hopeful of Another Move Toward $0.56 Local High as Crypto Markets Take a Bullish Turn
June 23 (Cointime) - XRP has seen recent price gains but buying pressure remains subdued. Bitcoin climbed past $30k and the ETF buzz saw crypto markets take a bullish turn. XRP has breached a zone of resistance at the $0.5 mark and the USDT Dominance has fallen.
Ripple’s Release of SEC Emails Fails To Impress Legal Experts in Billion-Dollar Lawsuit
June 22 (Cointime) - Ripple has released emails that the SEC wanted to keep confidential, revealing former SEC Director William Hinman's preparation for a 2018 speech on cryptocurrencies. However, legal experts have expressed skepticism about the significance of the emails.
Ripple Gains Payments License in Singapore, XRP Price Climbs 3%
June 22 (Cointime) - Ripple has received in-principle approval for its Major Payments Institution License application from the Monetary Authority of Singapore (MAS), allowing the company to offer regulated digital payment token products and services in the city-state.
Galaxy Digital CEO Mike Novogratz Denies Insider Trading Allegations in Response to XRP Community Member's Claims
June 21 (Cointime) - Mike Novogratz, CEO of Galaxy Digital, has confirmed that he has been an investor in Ripple since its inception and has not sold his shares in the past decade. This statement was made in response to allegations from a prominent member of the XRP community that Novogratz had insider knowledge of SEC regulations.
Coinbase Launches Legal Offensive Against SEC Months Before Lawsuit
June 21 (Cointime) - Coinbase, which is currently being sued by the SEC over the classification of XRP as a security, had already launched a legal offensive by filing amicus briefs in two other crypto-related lawsuits brought by the regulator.
Ripple CTO Reacts to Recent Ruling in Coinbase vs. SEC Lawsuit
June 21 (Cointime) - Ripple CTO David Schwartz has commented on the recent ruling in the Coinbase vs. SEC lawsuit, which saw Third Circuit Judge Cheryl Ann Krause order the SEC to update the court on their progress towards getting a staff recommendation by October 11, 2023.
Genfinity Offers Chance to Win $100 in XRP Ahead of Chainfinity Event
June 21 (Cointime) - Genfinity, a digital media educational resource focused on web3, is offering users the chance to win $100 worth of XRP as part of preparations for its upcoming Chainfinity event. The giveaway is sponsored by SpendTheBits, an XRPL-based payment platform for Bitcoin and other crypto assets.
XRP Emerges as Leading Platform for Central Bank Digital Currencies, According to IMF Report
June 20 (Cointime) - According to a report by the IMF, XRP is emerging as the leading platform for Central Bank Digital Currencies (CBDCs). The report explores three models for CBDC platforms, with XRP's design as a private settlement asset and marketplace providing compelling advantages.
Top Crypto Author Defends XRP Against Bitcoin Maxi’s Criticism, Counters Zombie Coin Accusations
June 20 (Cointime) - Panos Mekras engaged in a Twitter argument with a Bitcoin maximalist who criticized XRP for being centralized and irrelevant. Mekras defended XRP's legitimacy and adoption, pointing to its extensive use in various projects and the decentralized nature of its public blockchains.
Cryptocurrency Lawyer Argues XRP Secondary Market Transactions Are Not Securities Based on Existing Case Law
June 20 (Cointime) - According to cryptocurrency advocate and lawyer John Deaton, XRP secondary market transactions do not qualify as securities. Deaton's statement was in response to a tweet by former SEC director Marc Fagel, who suggested that the question of whether secondary market transactions require Howey analysis is still open.
XRP Price Continues to Decline as Bitcoin and Ethereum Experience Bullish Trends
June 20 (Cointime) - XRP's price is still down by 2.1% despite bullish trends in Bitcoin and Ethereum. Ripple CEO Brad Garlinghouse is advocating for regulatory clarity in the US and criticizing the SEC's enforcement approach. XRP investors are hoping for a recovery, but the lower ascending trendline must be defended if declines continue.
Ripple General Counsel Reminds SEC Officials of Impartiality Obligations Under the Law
June 20 (Cointime) - Ripple's General Counsel, Stuart Alderoty, reminded SEC officials of their obligation to act impartially under the law, citing 5 CFR 2635.101(b)(14). This section requires federal employees, including SEC staff, to avoid any actions that create the appearance of violating the law or ethical standards.
XRP Sees Increased Demand and Inflows Despite Short-Term Sell Pressure and Legal Battle Uncertainty
June 20 (Cointime) - XRP saw increased demand as investors turned to altcoins, with over $1 million added to XRP positions. This was reflected in XRP's price action, which saw an 8.8% upside to $0.49.
Warning to XRP Community: Beware of Phishing Scam Targeting Token Allocation Program
June 19 (Cointime) - Jacob Canfield, a blockchain educator and advocate, has warned the XRP community about a fraudulent token allocation program scam that targets XRP owners through phishing emails. The emails, with the subject "the allocation program," claim to be from Ripple but are actually intended to drain users' XRP.
XRP Whales Accumulate Coins, Indicating Possible Price Rally to $0.60
June 19 (Cointime) - Despite the recent resurgence in the crypto market, Ripple (XRP) has struggled to surpass the $0.50 resistance level. However, on-chain data suggests that the next price rally could establish a slightly higher support level. XRP whales holding 10 million to 100 million coins have been buying up the cryptocurrency, indicating an imminent price gain. The growth in XRP's underlying network demand could lead to a potential target of $0.60 for the bullish whales, but a drop below $0.45 could invalidate this prediction.
Ripple Invests in Blockchain Founders Fund To Accelerate Blockchain Adoption
June 19 (Cointime) - Ripple has made a strategic investment in Blockchain Founders Fund (BFF), an early-stage venture capital fund based in Singapore that focuses on top-tier Web3 startups globally. The funding will be used by BFF to support high-potential early-stage companies that are building the infrastructure and products that can streamline the transition to a decentralized future. The support from Ripple will also help BFF invest in a range of companies with strong founders and compelling growth potential.
Indonesia Includes XRP in List of 501 Tradable Cryptocurrencies, Signaling Positive Step Towards Crypto Adoption
June 19 (Cointime) - Indonesia has added XRP to its list of 501 tradable cryptocurrencies, indicating a positive move towards crypto adoption and potential use as a means of payment. The government's recently released regulatory document, titled "Supervisory Body Regulation Commodity Futures Trading Number 4 of 2023," includes an amendment to the existing Trade Controlling Agency Regulations Commodity Futures Number 11 of 2022.
XRP Records 9.1% Gains in 48 Hours, $467.40k Worth of Short Positions Liquidated
June 19 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. XRP has gained 9.1% in the past 48 hours and $467.40k worth of short positions have been liquidated.
Ripple CEO Brad Garlinghouse expresses concern over SEC lawsuit and its impact on the crypto industry
June 18 (Cointime) - Ripple CEO Brad Garlinghouse has expressed concerns that the company's legal battle with the SEC could have wider implications for the cryptocurrency industry. Garlinghouse has called for clear regulatory guidelines, stating that the need for them is critical. He has also accused the SEC of purposely generating confusion around regulations and using it to enforce their authority. Garlinghouse believes that the SEC's actions could stifle innovation and the growth of the cryptocurrency industry in the US.
Ripple CEO warns crypto industry fight for clarity "has to continue" as Ripple vs SEC case nears end
June 18 (Cointime) - Brad Garlinghouse, CEO of Ripple, has stated that the conclusion of Ripple's case against the SEC is just the beginning of the fight for clarity in the crypto industry. He believes that the unsealing of the Hinman documents, which pertain to a 2018 speech about Ethereum not being a security, shows that the SEC knowingly created confusion about the rules and used that confusion through enforcement. Garlinghouse argues that the SEC acted in bad faith and that the timing of the lawsuit being filed just days before Christmas was a "grinch-like touch." He further explains that the documents show that senior officials at the SEC couldn't agree on the law and that only Congress has the power to create new laws.
