Ripple’s Victory, A Win For Coinbase, JPMorgan Says
Ripple, the company behind XRP, prevailed in its legal battle against the United States Securities and Exchange Commission (SEC) in the past week, causing the cryptocurrency industry to experience a surge of enthusiasm. The SEC had filed a lawsuit against Ripple, accusing the payments and technology company of selling security-like XRP tokens to investors. Judge […]
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Following the Ripple partial victory over the SEC back in early July, the XRP price grew rapidly and climbed double-digits to secure a new yearly high. However, this has turned out to be short-lived as less than two months later, the cryptocurrency has once again succumbed to the bears. This has wiped out its gains […]
Investment banks JPMorgan and Goldman Sachs have initiated coverage of the Coinbase Global stock. JPMorgan gives Coinbase an overweight rating with a 60% upside potential while Goldman Sachs begins with a buy rating. JPMorgan, Goldman Sachs Now Covering Coinbase Stock A couple of major investment banks initiated coverage of the Coinbase Global stock (NASDAQ: COIN) this week. At the time of writing the price of COIN Is $233.99. JPMorgan initiated coverage of Coinbase on Tuesday with an overweight rating largely due to the company’s key position in the growing cryptocurrency space,....
The XRP community has drawn attention to old X posts by Ripple’s CTO Emeritus, David Schwartz, suggesting that Coinbase may have refused to list XRP on purpose. Schwartz had also suggested that the exchange asked Ripple for money before it could list the altcoin. Ripple’s CTO Emeritus X Posts Reveal Coinbase XRP Listing Saga Crypto […]
According to Sal Gilbertie, CEO of Teucrium, Ripple could be closer to the kind of regulated bank that many in finance do not expect. Related Reading: JPMorgan Backlash Explodes: Bitcoin Supporters Push Hard For Boycott He told listeners that a clear US regulatory framework and a formal banking license for Ripple would be the real […]
Crypto pundit X Finance Bull has drawn attention to Ripple’s new whitepaper, which highlights plans to use XRP for its prime brokerage offering. Ripple also recently announced plans to offer its institutional clients access to XRP derivatives on Coinbase Derivatives. XRP’s Role In Ripple’s New Digital Prime Broker Model In an X post, X Finance […]