While the countries are actively working on developing crypto regulations, XRP has faced its third class-action lawsuit for securities fraud.
The third securities fraud lawsuit has been filed against Ripple in California by the lead plaintiff David Oconer who is a private XRP investor.
Ripple Labs, Brad Garlinghouse, its chief executive officer, and XRP II LLC, a money service business unit of Ripple Labs are named as defendants.
Ripple Labs Inc. and the company’s CEO are accused of having conflated their token with its proprietary Ripple technology and of getting illegal benefits from price growth all the time.
According to the lawsuit, due to the way how XRP cryptocurrency is managed and distributed by Ripple Labs, it should be classified as a security.
The U. S. Securities and Exchange Commission (SEC) is once again taking action against a co-founder of the PlexCoin cryptocurrency project, having previously sued him over securities violations and fraud in 2017.
With crypto scams running rampant across the globe, Human Trust Protocol, aka Hub, is joining hands with Civic, a blockchain identification service provider, to verify users via know-your-client (KYC) data gathered from the Civic secure identity platform (SIP).
The cryptocurrency market has continued its bearish performance this week, with over $50 billion wiped out from the market in the last 24 hours. The total cryptocurrency market cap dropped from $2. 92 trillion on Thursday and now stands at $2.
The cryptocurrency’s market price action remains choppy ahead of crucial inflation data in the United States. Bitcoin briefly dropped below $86k on Wednesday, but is now heading towards the $87k level.
Digital Wealth Partners launched an Arch-powered XRP algo strategy for qualified IRAs, giving wealthy investors tax-advantaged, professionally managed XRP exposure at Anchorage. Digital Wealth Partners (DWP), a U.
The Nasdaq-listed firm VivoPower (VVPR) is expanding its digital asset treasury strategy linked to Ripple’s XRP token through a joint venture aimed at acquiring hundreds [...]
XRP’s spot ETFs are sucking in roughly $50 million a day in fresh capital, hitting nearly $1 billion in inflows in under four weeks, the fastest adoption pace since Ethereum ETFs launched. Yet the token itself has cratered 11% over the past ten days and sits near $1.
XRP, the native cryptocurrency of the Ripple ecosystem, is down by less than 1% over the last 24 hours, recovering from a significant drop on Tuesday. The dump saw XRP retest the $1. 85, but it is now trading at $1.
