XRP Investors Take Legal Action After Ripple Charges

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For almost all conventional cryptocurrencies available on the market, 2020 was a great year. For most, 2021 looks very promising, but this is not the case with XRP.

The Securities and Exchange Commission (SEC) has officially accused Ripple Labs and two of its executives of selling more than $1 billion in unregistered securities. Now, former investors are suing the SEC. It appears that XRP holders do not approve of the token being labeled as a security by the SEC. As such, they are taking the government to court because of the damages they declare XRP a security cause them.

What does the petition involve?

XRP investors who filed this petition claim that the SEC is not doing its best to protect U.S. investors. These investors argue in the first point that declaring XRP a security is actually a disservice to the interests of investors. This result is the

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XRP Hangs While SEC Officially Files Charges Against Ripple

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XRP ( XRP-USD ), the third largest cryptocurrency in the world, lost nearly a third of its value on Wednesday, when investors responded to official accusations from the United States Securities and Exchange Commission (SEC) alleging that the token is an unlicensed bond.

The SEC filed lawsuits on Tuesday against U.S. company Ripple, whose founders created XRP. Two Ripple executives also face charges.

The SEC alleged that Ripple and its executives sold unlicensed securities, violating the rights of investors in the lawsuit. The watchdog said the group had illegally raised $1.3bn (£968m) since 2013 by selling XRP tokens without SEC authorization.

Read the entire story at: finance.yahoo.com.

Ripple Is Dealing With A Multibillion-Dollar Market With XRP Digital Assets

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Ripple is addressing a multi-trillion dollar payment market with its XRP digital asset, the company's head of global institutional markets said recently. Breanne Madigan believes that the usefulness of XRP in this market provides a driver for value creation.

In an interview with The American financial magazine Barron's, Madigan investigated why XRP will yield great value in the long run, the case of investing in Bitcoin and the investment strategy she believes can bring the best returns to investors.

For new players, Madigan encouraged them to intensely study some individual cryptocurrencies before investing. They should seek to understand the usefulness of these cryptocurrencies and their central value proposition. In addition, they should analyze the problem that these currencies are solving and the total market addressable. Ripple's XRP is an excellent example of a cryptocurrency that is solving a real-world problem, she told the outlet.

Read the full story at: crypto-news-flash.com.

Ethereum, Ripple’s XRP And Chainlink Are Defeating Bitcoin – These Smaller Cryptocurrencies Too

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Bitcoin has had an incredible 2020, more than doubling in price since the beginning of the year - with some predicting it will continue to rise. The price of bitcoin has recently skyrocketed to its highest record in 2017, but has failed to break the psychological barrier of $20,000 per bitcoin.

Now, after bitcoin's recovery helped catapult cryptocurrencies back into the headlines, investors are eyeing the sky-high returns of so-called smaller "alternative currencies" - including ethereum, Ripple's XRP and chain link.

These massive rallies are overshadowed by the returns recorded by a handful of other smaller cryptocurrencies. Yearn.finance, used by interest-like investors to move funds through the DeFi ecosystem, rose an astounding 2,600% last year alone.

Read the full story at: forbes.com.

Japanese Investment Firm Tests Ripple Use In The Foreign Exchange Market

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A major Japanese investment giant, SBI Holdings, and crypto startup FXcoin Ltd have begun testing Ripple's use of crypto XRP in the settlement of corporate credits and debts.

The cryptocurrency is leading the experiment, which involves Japanese investment and trading giant, Sumitomo Corporation, in the settlement of credits and debts to other companies of the Sumitomo Group with XRP.

Sumitomo Corporation will also "make a future transaction with [FXcoin] to protect the XPR price movement and sell XRP to [FXcoin] on a specific date", according to the cryptocurrency's press release, FXcoin.

Read the full story at: nairametrics.com.

Ripple Is Selling 33% Of Its Property On MoneyGram

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The world's emerging financial steamroller, Ripple, recently disclosed that it is selling about 33% of its stake in MoneyGram. It is the first sale of these shares since Ripple invested in the popularly known U.S. remittance company in 2019.

Data retrieved from Ripple's filing with the U.S. Securities and Exchange Commission revealed that Ripple owns 8.6% of the outstanding shares in Moneygram or 6.22 million shares, including a warrant to purchase an additional 5.95 million shares for a total equity position of 12.2 million shares or 17% of MoneyGram outstanding shares.

Ripple announced that it will sell about 4 million shares, approximately 33.3% of its entire stake. Following this sale, the fintech company will still hold at least 3.22 million shares or 4.44% of MoneyGram.

Read the full story at: nairametrics.com.

Ripple Adds Bank Of America To The Payment Network

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Ripple, on its newly updated website, revealed that one of the leading U.S. banks, Bank of America, is now in its RippleNet payment network, known for its global payment network of leading banks and financial institutions and archrival swift network.

The fast-growing fintech company offered information about its growing support to leading financial companies using its payment network.

RippleNet uses cutting-edge blockchain technology to streamline payment services that help reduce costs. It should also be added that On-Demand Liquidity (ODL), Ripple's XRP-based cross-border payment product, is available in the US, Mexico, Europe, Philippines and Australia.

Read the full story at: nairametrics.com.

Ripple Moves To Bring XRP Reason To The World Of Central Bank Digital Currencies

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Considering the latest list of jobs, Ripple, an international payment company based in San Francisco, is moving to bring the XRP Ledger into the world of digital currencies from the Central Bank (CBDCs).
Ripple's job listings have served in the past as a means of knowing the next line of action for the growth and expansion of its business worldwide.

Following a new list of jobs published on Greenhouse.io, Ripple, the blockchain payment giant, is looking to hire a senior director of central bank engagements.

The employment list points out that the central bank's senior contract director to be hired will focus on developing strategies to integrate the payment firm's products with the oncoming CBDC market and look for ways to convince banks to leverage the XRP Ledger in their operations.

Read the full story at heraldsheets.com.

Ripple CEO (XRP): That’s Why Companies Turn To Bitcoin

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Ripple CEO Brad Garlinghouse was a guest on Frank Chaparro's podcast called The Scoop on November 13. Declaring his ideas about Ripple and XRP, Garlinghouse said the point Ripple reached in 2020 made him very happy. However, according to Garlinghouse, it is necessary to clarify the regulations on cryptocurrencies in the US so that there is always "more" and this happens.


Garlinghouse, who began his statements this year with the prediction that they will not have growth as they predicted as a company, said the point reached in 2020 still satisfies him. Saying that 2020 was a difficult year, the CEO said Ripple exceeded expectations one way or another.

Read the full story at: somagnews.com.

Unknown identity transferred 89,999,980 XRP to Coinbase

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The fourth most valuable crypto by market value - XRP, has experienced huge transactions in its market recently due to the bias that large investors are eagerly rushing to have a share in the supposedly devalued crypto compared to bitcoin and Ethereum.

Whale Alert data revealed an unknown identity transferred 89,999,980 XRP worth $22,515,762 from an unknown wallet to Coinbase.

Read the full story on the website: nairametrics.com.