Category: XRP

First Mover: XRP Plunges 20% as Traders Assess SEC’s Ripple Suit

The SEC’s suit against Ripple has triggered a steep sell-off in price for the payments token XRP. Meanwhile, prices for Chainlink’s token have increased sevenfold this year, most among CoinDesk 20.

December 23, 2020
XRP Token Plunges Nearly 40% Following the Announcement of SEC Charges Against Ripple

Ripple’s XRP has lost almost 40% of its value after the token price dropped from $0.51 on December 21 to $0.31 at the time of writing. The token’s plunge appears to be the result of legal proceedings initiated against Ripple by the US Securities and Exchange Commission (SEC). At the time of writing, the fourth-ranked…

December 23, 2020
XRP price falls 24% in 24 hours as exchanges begin delisting

Several exchanges have already halted XRP trading after the SEC’s lawsuit against Ripple was revealed.

December 23, 2020
Ripple CEO Garlinghouse responds to SEC complaint against XRP

Ripple CEO assures shareholders and the industry that the company will win the case brought by the the United States SEC.

December 23, 2020
MoneyGram Takes Wait-and-See Approach as SEC Sues Partner Ripple

“MoneyGram will continue to monitor the situation” following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk.

December 22, 2020
Market Wrap: Bitcoin Recovers to Nearly $24K; Ether Rides Bitcoin’s ‘Coattails’

Bitcoin recovers from Monday’s small-scale market sell-off to nearly $24,000, and ether follows bitcoin’s positive trend.

December 22, 2020
SEC unveils suit against Ripple, calling XRP a ‘$1.3B unregistered securities offering’

The commission is alleging Garlinghouse, Larsen and Ripple have participated in an “unregistered, ongoing digital asset securities offering” to investors since 2013.

December 22, 2020
An SEC Victory in Ripple Case Would Render XRP ‘Untradeable,’ Market Pros Say

Already, CrossTower, a small exchange that opened in June, has delisted the cryptocurrency.

December 22, 2020
Don’t expect Coin Center to stick up for XRP in the face of the SEC

The D.C.-based think tank doesn’t view XRP in the same light as Bitcoin or Ethereum.

December 22, 2020
First Mover: What People Said About Bitcoin in 2020 (Both Good and Bad)

A lot of people said a lot of things, both good and bad, about bitcoin in 2020, as the 11-year-old cryptocurrency defied doubters with a tripling in price.

December 22, 2020