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XRP is surging today due to the arrival of a key deadline in a legal case brought by the Securities and ExchangeCommission ( SEC ) against Ripple Labs -- the company that created the cryptocurrency. The cryptocurrency was up 12.6% over the previous 24 hours of trading as of 11:30 a.m.
Securities and ExchangeCommission (SEC) and Ripple Labs, the creator of XRP (CRYPTO: XRP). based crypto exchange Coinbase (NASDAQ: COIN) traded nearly 18% higher as of 2:52 p.m. In late 2020, the SEC sued Ripple for raising $1.3 securities laws. securities laws. Shares of the large U.S.-based
ET after Ripple scored a big victory in court when a federal judge ruled that XRP is not "necessarily" a security. Securities and ExchangeCommission (SEC) sued Ripple several years ago, claiming the company sold XRP tokens without registering them with the SEC, which violated securities laws because XRP is in fact a security.
The Securities and ExchangeCommission (SEC) filed a lawsuit against the Ripple Labs organization in December 2020, throwing a spanner in its growth plans. crypto exchanges had frozen their clients' Ripple balances and halted trading of the token. Soon, all the U.S. But the bumps have evened out over time.
Its purpose is to move money across international borders with low fees, fast transactions, and unbreakable security. They also tend to come with unfavorable exchange rates, keeping more money in the payment processors' pockets. The courts have sided with Ripple, and the SEC might not file an appeal of that verdict.
Securities and ExchangeCommission (SEC) launched a lawsuit against Ripple Labs and some of its top executives in December 2020. billion of cash investments by creating a new security, which wasn't registered with the SEC as you would a new stock, bond, or convertible debt papers. billion today.
Securities and ExchangeCommission (SEC) lawsuit over the past four years. It says its blockchain can process real-time gross payments, remittance transfers, and currency exchange transactions at a faster rate with much lower fees. XRP's price jumped earlier this month after Ripple finally settled its SEC lawsuit.
The bulls had originally expected XRP to gain more traction as more companies routed their gross payments, remittances, and foreign exchange transactions through Ripple's blockchain. Ripple claimed its ledger could provide its customers with secure, instant, and "nearly free global financial transactions of any size with no chargebacks."
The differences between XRP and other cryptocurrencies XRP is the native cryptocurrency of Ripple, a blockchain ledger which is used as a cheaper, faster, and more secure alternative to the widely used SWIFT (Society for Worldwide Interbank Financial Telecommunication) protocol for money transfers. To make matters worse, the U.S.
For the past few years, Ripple has been dealing with back-and-forth with the Securities and ExchangeCommission (SEC), which first sued Ripple in December 2020, claiming XRP should be regulated as a security. It also means that XRP can only be traded on regulated exchanges.
The crypto market experienced an avalanche this week, as the Securities and ExchangeCommission's (SEC) long-running lawsuit against Ripple (CRYPTO: XRP) finally reached an end. How did the SEC's lawsuit against Ripple Labs work out? District Judge Analisa Torres issued a ruling firmly in Ripple's favor.
Many cryptocurrencies plunged in 2022 as rising rates, the collapses of high-profile exchanges and tokens, and regulatory threats drove investors toward safer investments. Securities and ExchangeCommission (SEC) approved the first 11 spot price exchange-traded funds ( ETFs ) for Bitcoin this January.
SEC settlement The one catalyst that seems most likely is some form of settlement with the Securities and ExchangeCommission (SEC) this year in an ongoing lawsuit involving Ripple , the company behind the XRP crypto token. The SEC is adamant that XRP is a security, not a cryptocurrency.
Solana (CRYPTO: SOL) has taken investors on a wild ride since its first block was created on March 16, 2020. Securities and ExchangeCommission (SEC) recently cleared the way for the first spot price Ether ETFs to file their public listings. The cryptocurrency launched at $0.95 Image source: Getty Images.
Consider what happened during the previous altcoin season, which lined up nicely with the start of the previous Bitcoin halving cycle in May 2020. The approval of spot Ethereum ETFs The other big factor would be SEC approval of new spot Ethereum exchange-traded funds (ETFs) similar to the new spot Bitcoin ETFs.
What happened The crypto market was on fire on Thursday afternoon after a judge ruled that Ripple (CRYPTO: XRP) is not a security (in most cases). So what The judge's ruling concluded that Ripple was a security when it was sold to institutional investors, who they said were speculating on an asset that they would then sell.
In 2012, a start-up called Opencoin launched the Ripple payment-protocol network for handling real-time gross payment settlements, currency exchanges, and remittance payments for financial institutions. It boldly claimed Ripple could enable "secure, instantly, and nearly free global financial transactions of any size with no chargebacks."
That entire process makes it similar to a digital version of precious metal, so it's the only cryptocurrency that can be officially classified as a commodity instead of a security by the U.S. Securities and ExchangeCommission ( SEC ). Besides energy efficiency, PoS tokens have two key advantages over PoW tokens.
XRP Let's start off with XRP (formerly known as Ripple ), which has been riding high this year, largely on the strength of a favorable ruling in its long-running legal battle with the Securities and ExchangeCommission. securities laws. Yes, it faces potential SEC regulatory risk. Image source: Getty Images.
The SEC vs. Ripple story so far Let's start with a quick synopsis. The Securities and ExchangeCommission (SEC) launched a lawsuit against Ripple Labs and a few key executive (including CEO Brad Garlinghouse) in December 2020. Image source: Getty Images.
trillion was sent by corporations across borders in 2020, according to consulting firm Oliver Wyman. A major red flag is Ripple's ongoing battle with the Securities and ExchangeCommission (SEC). The SEC is seeking $2 billion in penalties and fines from Ripple. The market for this is truly huge, as $23.5
Arguably, it was not until 2020, when blockchain upstart Solana (CRYPTO: SOL) appeared, that Ethereum saw its first legitimate rival. The SEC and regulatory risk Finally, there's the pesky little matter of the Securities and ExchangeCommission (SEC). And, as such, it had an incredible first-mover advantage.
Securities and ExchangeCommission (SEC) since December 2020, this token disconnected from broader price trends in the crypto market for a while, but is back to mirroring the price changes of Bitcoin (CRYPTO: BTC) rather closely in the long term. Next, Bitcoin halved its rewards again on May 11, 2020.
But then came a long, bitter, and confusing court battle with the Securities and ExchangeCommission (SEC) that started in December 2020, and it's been downhill ever since. The SEC was looking for more than $2 billion in fines and penalties, so XRP investors have been spinning this as a victory for Ripple.
Reliance on a single catalyst XRP is reliant on a single catalyst right now: resolution of its long-running court case with the Securities and ExchangeCommission (SEC). But then, when the SEC announced that it might appeal the ruling, XRP promptly gave back all of its gains within a month. If not XRP, then what?
Securities and ExchangeCommission announced that it charged BlackRock – the largest money manager in the world, with nearly $10 trillion in assets – for failing to properly disclose to its customers $75 million of investments it made in the entertainment industry. The story itself is fit for a Hollywood blockbuster.
Buoyed by news of a positive court ruling in its long-running lawsuit with the Securities and ExchangeCommission, XRP skyrocketed in price from $0.48 The SEC has since said it plans to appeal the court ruling, and the legal process now looks like it's far from being over. But not so fast. Image source: Getty Images.
Now that the initial euphoria around the new spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) has started to fade, it's time to move on to the next major catalyst for Bitcoin : the halving event in April. So it didn't come as much of a surprise when the SEC finally approved the spot Bitcoin ETFs on Jan.
Shares of Serve Robotics (NASDAQ: SERV) , an autonomous sidewalk delivery company, soared 187% on Friday after artificial intelligence (AI) chip leader Nvidia disclosed via a filing with the Securities and ExchangeCommission (SEC) that it owns a 10% stake in the relatively new public company. million shares outstanding.
The Securities and ExchangeCommission (SEC) sued the Ripple Labs organization just before the holidays in 2020, arguing that Ripple and its leaders made $1.3 billion by offering an unregistered digital security. If the legal outcome is unfavorable, it would almost certainly damage Ripple's price.
Meet an exchange-traded fund (ETF) that is heavily invested in Nvidia and -- believe it or not -- offers an ultra-high yield of 8%. JPMorgan Chase launched the fund in May 2020 to give investors monthly distributions, exposure to equity markets, and relatively low volatility. Actually, yes. Image source: Getty Images.
Due to its blazing fast speeds and lower transaction costs, Solana has been considered a potential "Ethereum killer" ever since it launched back in 2020. But the bigger story seems to be the hype over a spot Ethereum exchange-traded fund (ETF). And, yes, Solana had a major network outage in February that rattled investors.
Dogecoin was launched as a parody of Bitcoin (CRYPTO: BTC) in 2013, and Shiba Inu was created to poke fun at Dogecoin in 2020. Its blockchain also hosts ShibaDEX, a cross-chain decentralized exchange (DEX) which acts as an official cryptocurrency wallet for its own tokens. Second, the U.S.
Securities and ExchangeCommission (SEC) recently approved the initial filings for the first spot price Ether ETFs. In 2022, it launched ShibaDEX, a cross-chain decentralized exchange (DEX) which served as an official crypto wallet for its own tokens. Its price soared to an all-time high of $0.000086 on Oct.
The elephant in the courtroom Above all else, Ripple investors keep a close eye on the lawsuit launched by the Securities and ExchangeCommission (SEC) three years ago. The final verdict of the SEC lawsuit will be game-changing. Is the token more properly known as XRP setting up for a rocket launch?
Moreover, the approvals of the first spot price exchange-traded funds (ETFs) for Bitcoin and Ether , Ripple 's victory against the U.S. Securities and ExchangeCommission (SEC), and Bitcoin's halving in April all brought more bulls back to this segment of the market. AST has a market cap of $5.2
His company is one of the world's largest holders of Bitcoin, thanks to a Bitcoin accumulation strategy launched back in August 2020. For one, the SEC might decide that it will never approve a spot Bitcoin ETF. 30, MicroStrategy held 174,530 Bitcoins acquired at an average price of $30,252. What could possibly go wrong?
The easiest place to see this dynamic at work is with the imminent approval of the first-ever spot Bitcoin exchange-traded fund (ETF) for the U.S. As soon as BlackRock , the largest asset manager in the world, filed its spot Bitcoin ETF application with the Securities and ExchangeCommission (SEC) back in June, the floodgates seemed to open.
Tom Lee, managing partner and Head of Research at Fundstrat Global Advisors, believes the combination of recently approved spot Bitcoin exchange-traded funds (ETFs), the recent halving of Bitcoin block subsidies, and the eventual easing of monetary policy (lower interest rates) could push Bitcoin to $150,000 by 2025 and $500,000 by 2029.
Image source: Getty Images The Securities and ExchangeCommission (SEC) voted last week to change the regulations governing money market funds. In March 2020, money market funds experienced significant outflows due to the emergence of the COVID-19 pandemic. Why is the SEC making these changes?
Every quarter, institutional money managers with at least $100 million invested in the markets are required to file a form 13F with the Securities and ExchangeCommission (SEC). With such an enormous portfolio, this particular exchange-traded fund only comprises about 0.30% of the entire Citadel fund.
Today, however, XRP is trading for under $1 and is still mired in an ongoing lawsuit with the Securities and ExchangeCommission (SEC). To some extent, I'm chalking it up to the Bitcoin exchange-traded fund (ETF) hype. Unlike XRP, it doesn't have an SEC case hanging over its head.
From fiscal 2020 to fiscal 2024 (which ended in June 2024), Supermicro's revenue grew at a compound annual growth rate (CAGR) of 45% as its adjusted earnings per share ( EPS ) rose at a CAGR of 68%. in fiscal 2020 to 14.2% Securities and ExchangeCommission (SEC). in fiscal 2024.
The first spot Bitcoin ETF The first major event is the arrival of a spot Bitcoin exchange-traded fund (ETF) for the U.S. The good news is that Securities and ExchangeCommission (SEC) approval of the first spot Bitcoin ETF could come as soon as Jan. Let's take a look.
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