Ripple (XRP) Price Picks Up As SEC Legal Showdown Drags On
Ripple (XRP) rallied to $0.439217 Friday from $0.377384 on Thursday in the face of an ongoing Securities and Exchange Commission lawsuit following the comments of William Hinman, former SEC Corporate Finance director. Suggested Reading | Crypto Analyst Predicts 1 Altcoin Will Fall Down Hard – Is It Cardano? Ether are not securities, Hinman said. (Bitrates.com) William Hinman: Ether Not a Security A judge has granted the request of SEC to file a reply concerning the case against Ripple Lab. The case was ignited by the speech of Hinman, stating that Ethereum is not a security. Emails....
Related News
Cardano (ADA) price looks bullish as it does a U-turn on Monday following negative economic spikes from China getting crypto traders all worried. In addition, many major corporations are exiting Russia, including McDonald’s. All of these factors contribute to heightened risk sentiment making it entirely difficult for major cryptocurrencies to elevate in price than usual. This could also mean bad news for ADA; risking a 32% correction. The negative sentiment has been growing enormously which also signal a downward trend in the next quarters. As of this writing, the crypto is trading at....
As new details of the Ripple vs. SEC lawsuit emerged, the price of XRP felt sluggish in the last week. As of this writing, the price of XRP fluctuates at $0.32903, a 7.80 percent decrease from its latest high of $0.35874 on September 7. This price decrease is not surprising given the magnitude of the ongoing court showdown between Ripple and the SEC. Multiple exchanges have delisted the currency since 2021, further depressing its value. There has been $1.2 billion worth of XRP traded in the last 24 hours. Trading started at $0.3439 for the XRP/USD pair on Saturday, reaching a high of....
When Solana’s price hit new lows near $54, the total value locked (TVL) for the token also declined to a historical low. According to data from Defi Llama, the token’s TVL has been on a steady decline since November 2021. In that month, it reached an all-time high of $15 billion but then lost momentum and went down to $4.34 billion. Solana’s TVL continued to plummet in the third week of May due to bearish trends within this market that have seen declining interest from investors. Related Reading | Ripple (XRP) Price Picks Up As SEC Legal Showdown Drags On With its price....
The legal showdown between Ripple and the United States Securities and Exchange Commission (SEC) has had several twists and turns in the past few weeks. In the latest development, both parties filed a joint brief schedule for remedies discovery and briefing on Thursday, November 9. As expected, this step has sparked different reactions from various […]
Investment expert and seasoned author Linda P. Jones recently weighed in on the ongoing legal showdown between Ripple and the United States Securities and Exchange Commission. The financial analyst provided an insight into what will likely go down if the payment company and the SEC meet at the negotiation table. Talks of a potential settlement […]