XRP Lawyer Calls SEC an “Innovation Killing Cesspool of Corruption”
John Deaton, XRP holders’ lawyer in <a href="https://coingape.com/xrp-lawsuit-ripple-sec-seeks-deadline-whales-move-143-million-xrp/" target="_blank">the Ripple lawsuit</a> mentioned that he doesn’t argue with the people who say that Ripple helped to create a secondary market by giving the token to people. He added that he doesn’t challenge them as most of the projects have done the same.
This Week XRP Whales Moved Millions of Tokens to Exchanges and Unknown Wallets
During the past 30 days, the crypto asset xrp has gained more than 17% in value against the U.S. dollar. Meanwhile, the crypto community has been noticing significant xrp whale movements during the past week as one whale moved 143,000,000 xrp worth more than $55 million on Dec. 9, and another whale moved 40,000,000 xrp worth more than $15 million from the exchange Bitso to an unknown wallet.
XRP Lawsuit: Ripple, SEC Seeks Deadline; Whales Move 143 Million XRP
Ripple and the US SEC asked the district court to set a deadline of January 4, 2023, for sealing portions related to the briefs. If not then waive any objections to the court’s ruling on the parties’ sealing application.
Alert: Phishing Ripple Website Sending Binance-Themed Emails Targeting XRP Holders
Ripple CTO David Schwartz cautioned that a website claiming to belong to Ripple with the top-level domain (TLD) “.org .ph” is a scam website. In addition, the Ripple executive shared a screenshot of an email he identified as fraudulent, which is likely linked to the scam website, as is typical with phishing scams.
OKX Launches Flexible Staking for XRP, Shiba Inu (SHIB), and Dogecoin (DOGE)
To meet users’ demand, OKX crypto exchange enabled the flexible staking feature for five top digital assets including XRP, Shiba Inu (SHIB), and Dogecoin (DOGE).
Top US Lawyers Believes the SEC Won’t Win Ripple Executives in XRP Lawsuit
Sasha Hodder, the founder of Hodder Law Firm <a href="https://twitter.com/sashahodler/status/1600336414494715905" target="_blank">disclosed</a> the fine both defendants would pay to the SEC if they lose the case. According to her, Christian Larsen and Brad Garlinghouse would have to pay $450 million and $150 million respectively as disgorgement fines.
Jim Cramer Hits XRP Again, Calls It A “Giant Con”
The CNBC Mad Money host has taken a swipe at Ripple’s native coin XRP at a time when investors anticipate a price rally from the ruling on the Ripple v SEC case.
Ripple Moves 50M XRP; Whales 160M+ Tokens As Price Slumps
A few hours following Ripple’s transfer of 50M XRP, over 110M tokens were moved by whales in under three hours.
Over 4 Billion XRP Sent Out of Bittrex Exchange by Anon Whales
Data from the popular crypto tracking platform, Whale Alert showed that exactly 4,124,254,650 XRP coins were sent out of Bittrex to different cold wallets by anonymous whales on Wednesday. Noteworthy is that the huge XRP withdrawal from the popular centralized exchange was executed in nine transactions.
XRP Sheds Almost $5 Billion From Its Market Cap in a Month Despite Positive Ripple Lawsuit News
<a href="https://finbold.com/cryptocurrency/xrp/">XRP</a> has recorded phases of high price volatility in recent weeks as the token’s community monitors the progress of the ongoing cases between the Securities Exchange Commission (<a href="https://finbold.com/topic/sec/">SEC</a>) and <a href="https://finbold.com/topic/ripple/">Ripple</a>.
