XRP Is A Security Archives - Page 6 of 6

Crypto Market Teeters at Critical Stage as Renowned Lawyer Teases Imminent Shift

11Jul

By OLAJIDE SAMUELNo Comments

XRP News

Crypto Market Teeters at Critical Stage as Renowned Lawyer Teases Imminent Shift

In a recent development, John Deaton, the founder of CryptoLaw and a prominent lawyer advocating for XRP holders in the Ripple-SEC lawsuit, has shared his insights on the current state of the crypto market. While acknowledging that he is not an expert in market timing or financial advice, Deaton has cautioned crypto traders to exercise caution as the market appears to be in a critical stage. Read Also: Akai Token Burns Over 800 Million Shiba Inu (SHIB) Tokens, Sparking Surge in Burn Rate https://twitter.com/JohnEDeaton1/status/1678586805015199745 Deaton hints at the uncertainty of the Market’s trajectory In the crypto market. Deaton suggested that the crypto market is likely to continue ranging for a few more weeks, despite investors' optimistic outlook due to positive developments...

New York Fed’s Digital Dollar Test Reveals Potential Role for XRP and Wholesale Payments Improvement

8Jul

By OLAJIDE SAMUELNo Comments

XRP News

New York Fed’s Digital Dollar Test Reveals Potential Role for XRP and Wholesale Payments Improvement

In a recent video released by Digital Perspectives, a prominent YouTube channel, the extensive testing conducted by the New York Federal Reserve on the digital dollar has been brought to light. The presenter highlighted the potential involvement of XRP, among other similar platforms, in the experiment, sparking discussions about the role of XRP in the future of digital currency. Read Also: Terraport Relaunches DeFi Platform After Recovery from Hack The role of XRP explained The test, which spanned over 12 weeks, took place on a private blockchain network that required permission to participate. While the specific private network used was not disclosed, the presenter suggested the potential utilization of the XRP Ledger or other similar platforms in the experiment. Notably, the test sh...

XRP Price Targets and Growth Potential Outlined by Prominent Influencers and Analysts

6Jul

By OLAJIDE SAMUELNo Comments

XRP News

XRP Price Targets and Growth Potential Outlined by Prominent Influencers and Analysts

In a recent series of tweets, well-known influencer Crypto Assets Guy provided a set of price targets for XRP, emphasizing the importance of maintaining realistic expectations within the XRP community. Crypto Assets Guy outlined several milestones and events that could potentially drive the price surge of XRP in the future. Crypto Assets Guy Predicts XRP Price to $3.50 According to Crypto Assets Guy, the first significant price target for XRP is $3.50, which could be reached following a settlement announcement. This suggests that the resolution of ongoing legal issues surrounding Ripple could have a positive impact on the price of XRP. The influencer then mentioned that the relisting of XRP on US exchanges could further propel the price to $5. Read Also: Binance Welcomes Verge (XVG) a...

XRP Burn Rate Skyrockets, Crypto Analyst Predicts $100 per XRP

5Jul

By OLAJIDE SAMUELNo Comments

XRP News

XRP Burn Rate Skyrockets, Crypto Analyst Predicts $100 per XRP

In a recent series of tweets, prominent crypto analyst and influencer 24HRSCRYPTO has sent shockwaves through the XRP community by revealing a staggering increase in the daily burn rate of XRP. This surge in burning activity has led the analyst to boldly predict that XRP could surge to $100 per token shortly. Just 30 days ago, the total supply of XRP stood at 99,988,863,851, but it has now dropped to 99,988,616,835, indicating a reduction of 247,016 XRP. This translates to an approximate burn rate of 8,233 XRP per day. The burn rate has displayed consistency over the past month, hinting at a potential upward trend. Read Also: Attorney John Deaton Reiterates XRP's Non-Security Status, Draws Comparisons to GRAM Token https://twitter.com/24hrscrypto1/status/1676363256057974784 Analy...

Attorney John Deaton Reiterates XRP’s Non-Security Status, Draws Comparisons to GRAM Token

4Jul

By OLAJIDE SAMUELNo Comments

XRP News

Attorney John Deaton Reiterates XRP’s Non-Security Status, Draws Comparisons to GRAM Token

In a recent Twitter thread, Attorney John Deaton, Managing Partner at Deaton Law Firm, emphasized XRP's Non-Security Status. Deaton, a prominent crypto advocate, expressed confidence that Judge Analisa Torres would address the issue of XRP secondary sales and the token's classification in the ongoing SEC vs Ripple case. This assertion follows Deaton's earlier comment suggesting that the judge would discuss these aspects. Read Also: BONE Surpasses ETH and BTC, Attracting Attention from Seasoned Crypto Enthusiast Eric Cryptoman https://twitter.com/JohnEDeaton1/status/1675913360469110792 Deaton fights continuously on XRP's Non-Security Status Deaton disagreed with other experienced lawyers who believed that Judge Torres would avoid commenting on the token itself. According to Deaton, ...

Analyst Egrag Forecasts Potential XRP Breakout Between July and December, Triggering Speculation of a $15 Rally

1Jul

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XRP News

Analyst Egrag Forecasts Potential XRP Breakout Between July and December, Triggering Speculation of a $15 Rally

Renowned analyst and chartist Egrag has recently provided an intriguing update on the projected timeframe for a potential breakout of XRP, the digital asset associated with Ripple. In his latest analysis, Egrag suggests that XRP may experience a significant rally between July and December, with a focus on the narrow window of September to November. Read Also: Austin Hilton, CEO of The Redhill Group, Highlights Significant Developments in Shiba Inu (SHIB) Ecosystem and Anticipated Shibarium Launch https://twitter.com/egragcrypto/status/1674309446753722368 Analyst Egrag Predicts based on his former June prediction. Egrag's analysis builds upon his previous post on June 2, where he introduced the concept of the XRP Bent Fork and forecasted a possible rally to $15. The analyst's meticu...

Binance Announces Listing of XRP and Eight Other Coin-Margined Quarterly Contracts on Futures Platform

27Jun

By OLAJIDE SAMUELNo Comments

XRP News

Binance Announces Listing of XRP and Eight Other Coin-Margined Quarterly Contracts on Futures Platform

Binance, the world's leading cryptocurrency exchange by trade volume, has recently unveiled the addition of new Coin-Margined Quarterly Contracts for XRP and eight other digital assets on its Futures platform. In an official press release and subsequent tweet, Binance highlighted the availability of these contracts and their unique features for traders. Read Also: AAVE Price Surges by 27% in 5 Hours Amidst Whales' $13.2M Accumulation https://twitter.com/BinanceFutures/status/1673550382268813312 XRP Coin-Margined Quarterly Contracts Gives an opportunity for users to leverage XRP The Coin-Margined Quarterly Contracts provide an opportunity for users to leverage XRP and speculate on its price movements over a specific period. Unlike Perpetual Futures Contracts, these contracts are set...

Garlinghouse Slams Critics Of XRP, Accusing Them Of Being Ignorant Of Security Laws.

10May

By OLAJIDE SAMUELNo Comments

XRP News

Garlinghouse Slams Critics Of XRP, Accusing Them Of Being Ignorant Of Security Laws.

Ripple CEO Brad Garlinghouse has come to the defence of XRP, the digital currency that his company is closely associated with, against allegations that it is a security. In a recent conversation with entrepreneur Jason Calacanis, Garlinghouse slammed critics of XRP and accused them of being ignorant of security laws. https://twitter.com/bgarlinghouse/status/1655991719387594770 Garlinghouse Slams XRP Critics Calacanis had suggested that XRP was a security, which would subject it to regulation by the Securities and Exchange Commission (SEC) in the US. However, Garlinghouse strongly disagreed with this assessment, arguing that there is no framework in the US to register digital assets such as XRP. Read Also: Terra Classic (LUNC) Proposes To Upgrade Its Network to Version 2.0.1 Garl...

XRP Community Unveils New Evidence For SEC Dishonest In Its Claims In The Ongoing Lawsuits

24Apr

By OLAJIDE SAMUELNo Comments

Uncategorized

XRP Community Unveils New Evidence For SEC Dishonest In Its Claims In The Ongoing Lawsuits

A member of the XRP community has shared new evidence that they believe shows the Securities and Exchange Commission (SEC) was dishonest in its claims in the ongoing Ripple lawsuit. The lawsuit centres on whether XRP, a cryptocurrency created by Ripple, is security and should have been registered with the SEC. The new evidence was shared by the XRP community member on social media and suggests that the SEC was aware of the legal status of XRP as far back as 2012, contradicting its claims that it was unclear whether XRP was security until much later. The evidence consists of emails between SEC officials and third-party individuals discussing XRP's legal status. Read Also: Concerning Terraport Hack, Terra Classic To Lock Up $2 Million Worth Of Funds Community of XRP Shows Evidence Tha...

Ripple Says SEC Has No Legal Proof To Qualify XRP As A Security

21Oct

By OLAJIDE SAMUELNo Comments

Ripple News

Ripple Says SEC Has No Legal Proof To Qualify XRP As A Security

In a recent update, Ripple has filed an opposition against the SEC’s summary judgement motion, saying SEC has no legal proof to call XRP security. Ripple noted that SEC wants to use its summary judgement motion in the ongoing lawsuit to aid its journey to an area of no jurisdiction. It is surprising that till now, there is no legal proof from the SEC that make the XRP a security as noted by Ripple. Ripple further added that SEC’s summary judgment motion did not point to any “investment contract” issued and sold by Ripple. Read Also: Brad Garlinghouse Discovers The Cunning Act Of SEC In Handling Over The Hinman Document, He Says "Don't Believe Them": Here's Why Per Ripple’s comment; “The theories that the SEC does advance are insufficient to prove its case and are internally i...