XRP Lawyer Recalls Gary Gensler Video On ‘Crypto’ Panic Among Banks
Attorney John Deaton, who represents over 76,000 XRP token holders in the ongoing Ripple lawsuit against the SEC, shared a video from 2018 wherein US investor Tim Draper is seen saying to SEC Chair Gary Gensler that the banks were in panic about the rise of cryptocurrency market.
Biggest Movers: ADA Surges to 7-Month High, as XRP Extends Recent Gains
Cardano rose to its highest level in seven-months on April 14, as cryptocurrency markets remained bullish. The global crypto market cap rose by as much as 2.25% on Friday, with bitcoin moving above $31,000. Xrp was another notable gainer, as the token hit a two-week high.
Ripple Launches Liquidity Hub, Now Live for Businesses
Ripple has launched its Liquidity Hub solution, which offers businesses access to liquidity for a variety of digital assets, drawn from a wide range of top exchanges, market makers, and over-the-counter desks worldwide. The service uses advanced technology to find the best rates for digital assets and allows businesses to access liquidity without needing to keep a lot of capital on hand. Ripple's new service also gives corporations access to a big network of payout channels all over the world, which makes it easier and faster to carry out operations like managing digital currency transactions and keeping track of funds. However, the platform's announcement did not explicitly reference XRP, leading to questions from the XRP community as to whether it will be leveraged by the Liquidity Hub solution.
Twitter and eToro Partnership Can be Big for Ripple and XRP, Here’s why
XRP and Ripple might benefit from Twitter’s collaboration with eToro.
XRP Leading Top Altcoins Rally; Ripple Case Verdict Out Soon?
The global digital asset market is on a surge as investors’ sentiment turns positive after U.S. consumer price jumped less than expected in March. This signaled that the Fed is likely to stop hiking rates after a possible rise in May. Amid the recent surge, Ripple’s native token, XRP price emerged as the leading gainer among the top altcoins.
SEC Argues Recent Court Case Weakens Ripple Labs’ ‘Fair Notice’ Defense
The United States Securities and Exchange Commission (SEC) has claimed that a recent court judgment weakens a key defense made by Ripple Labs in its ongoing legal battle with the regulator. In an April 11 letter to U.S. District Judge Analisa Torres, the SEC highlighted the judge’s opinion in a separate enforcement action it won against investment advisory firm Commonwealth Equity Services. The SEC argued that the longstanding Supreme Court precedent which gave rise to the Howey test provides Ripple Labs with fair notice as to what a security is, just as the precedent referred to in the Commonwealth case had. Ripple’s argument that the SEC had failed to provide it with fair notice before suing it for committing securities fraud in December 2020 is regarded as one of its key defenses. Legal experts such as John E Deaton believe Ripple Lab’s best chance lies in convincing the judge that XRP is not a security based on the Howey test.
$XRP Price Could Surge by 47% If It Secures Key Level, Says Popular Crypto Analyst
The cryptocurrency market has experienced significant growth over the last few days, with the price of the flagship cryptocurrency surpassing $30,000 for the first time in 10 months amid the rally. The price of $XRP, it seems, could be due for more upside in the near future.
467 Million XRP Moved As SEC Files Fresh Motion
XRP's price has been boosted by recent minor legal wins against the US Securities and Exchange Commission (SEC), with the cryptocurrency up around 50% on a year-to-date basis. More than 467 million XRP (approx. worth $235 million) have been moved in multiple transactions over the past 24 hours, according to data from WhaleAlert. The biggest transaction recorded was the movement of 177 million XRP (approx. worth $91.7 million) to an unknown wallet, while whales bought around 83 million XRP tokens (approx. worth $43 million) in multiple transactions.
Coinbase Begins FLR Token Airdrop in Approved Jurisdictions
Coinbase has announced the distribution of Flare token airdrop to eligible users with simple and advanced trades in every approved jurisdiction. The FLR outbound transfers will be unavailable to users until the processing is completed, and the earned funds will be distributed to the Coinbase user account. The token was initially introduced to customers who held XRP in their accounts before December 12, 2020. To be eligible for the airdrop, users must have owned an XRP balance on Coinbase Exchange, Coinbase Pro, or Coinbase.com as of December 12, 2020, and users from Japan or New York are ineligible. The airdrop amount will be based on the XRP balance users had on Coinbase, with a distribution rate of 1.0073 FLR per 1 XRP x 0.15. Coinbase is not charging any fees for the airdrop, and users can trade their FLR after the distribution is completed. Even deactivated accounts can access the airdrop by creating a new account or contacting the Coinbase support team.
