Showing posts with label xrp. Show all posts
Showing posts with label xrp. Show all posts

Ripple Team MOCKS The SEC Following Another Legal Win "This is not a settlement - This is a surrender by the SEC"...

SEC vs Ripple

The SEC's legal battle against Ripple involved coming after them on 2 fronts - first was their claim the company illegally profited by selling an unlicensed security (XRP Tokens) violating the Securities Act of 1933. The second targeted the company's co-founders Christian Larsen and Bradley Garlinghouse, saying they were the ones who made the decisions at the company, so they were charged with "aiding and abettting”.

Today, the SEC's targeting of Larsen and Garlinghouse has officially come to an end as District Judge Analisa Torres announced that the US securities regulator notified the court that it would not continue in the case and has issued a “voluntary dismissal”.

Ripple's lead lawyer Stuart Alderoty shared the news first saying;

"The SEC made a serious mistake going after Brad & Chris personally – and now, they’ve capitulated, dismissing all charges against our executives. This is not a settlement. This is a surrender by the SEC.

That’s 3 consecutive wins for Ripple including the July 13 decision ruling that as a matter of law XRP is NOT a security, the Oct 3 decision denying the SEC’s bid for an interlocutory appeal, and now this." on X.

Current CEO Brad Garlinghouse responded saying;

"In all seriousness, Chris and I (in a case involving no claims of fraud or misrepresentations) were targeted by the SEC in a ruthless attempt to personally ruin us and the company so many have worked hard to build for over a decade.

The SEC repeatedly kept its eye off the ball while secretly meeting with the likes of SBF – failing again and again to protect US consumers & businesses. How many millions of taxpayer $ were wasted?! Feels good to finally be vindicated."

FTX a Massive Blemish On An Already Troubled SEC...

The SEC's 'crack down' on crypto has targeted companies like Coinbase, Binance and Ripple - but where are the investors accusing these companies of wrongdoing? Who did Coinbase, Binance, or Ripple scam? You would think reddit and other crypto related forums would be full of these complaints, but when searching for terms that should lead to them, nothing is found.

While the SEC was busy targeting these companies, FTX was actively misusing users funds and behaving suspiciously fearless of being caught.  Ironically, it was one of the people under SEC investigation who brought the FTX issue to light - Binance CEO 'CZ'.

This means if CZ had not exposed Sam Bankman-Fried, FTX would still be freely spending their users funds, while their top 2 competitors faced SEC harassment - suspicious to say the least.

It makes you wonder - could SEC deliberately be hiding corruption by appearing ignorant and disorganized? 

The Strangest Contradiction...

The most alarming and confusing factor in the SEC's current actions has to be the fact that the SEC evaluated Coinbase just a couple years ago, when they approved the company to go public and sale shares of their stock.  This process involves a deep evaluation of the business, and obviously, if a business's main source of income was unlawful, they would not have been approved.

But they were approved. Coinbase even passed a phase where the SEC asked questions about any parts of the business they wanted clarification on, Coinbase answered them, and they were approved. 

Nothing has changed since Coinbase was worthy of SEC approval. There's no new leadership at the SEC since they deemed Coinbase's business legitimate just two years ago, Coinbase isn't offering anything now that they were not then. But seemingly out of nowhere, suddenly Coinbase is operating outside of the law. 

So SEC saying;  just because they approved a company seeking approval to go public and sell share shares on the stock market, it does not mean that company is legitimate - no one has been able to make sense of why the SEC is now undermining themselves in such an extreme way.

Next For Ripple...

While the charges against company founders are dropped, the case against the company itself is still considered ongoing.  While the SEC lost on their first attempt, the last statement from them was that they are appealing that decision.

But some say dropping the charges against the founders is a sign they may do the same with the charges against the company - because if the company is guilty, those running it would be as well - it would be odd to drop one and not the other.

Author: Mark Pippen
London Newsroom
GlobalCryptoPress | Breaking Crypto News

Can You Spare $100? 3 Game-Changing Cryptos To Invest In...


Seesaw token SSW

To get started in crypto, you don't necessarily need a lot of money. While investing in stocks has historically been catered towards wealthier people with financial understanding, crypto has emerged as the accessible alternative for everyone. 

The terminology and charts utilised by the crypto market can easily put off a newcomer, but the truth is, nobody can predict which crypto will explode. Meme coins continue to surprise people with explosive gains until this day.

Thus, a $100 initial investment could help lay the groundwork for massive long-term gains. Let's look at why Ethereum (ETH), Ripple (XRP) and Seesaw Protocol (SSW) appear to be long-term winners. 

Ethereum (ETH)

Ethereum (ETH) is the second-largest public crypto, with a market cap of $345 billion, accounting for nearly 20% of the entire crypto market. The Merge, a platform upgrade that could make running the blockchain more environmentally friendly and sustainable, is being worked on by the platform's developers to keep its dominant position.

Ethereum (ETH), as you may be aware, has fallen behind newer blockchains. Consider Solana (SOL), which can process 50,000 transactions per second versus Ethereum's (ETH) meagre 15.

This discrepancy is due in large part to Ethereum's (ETH) proof-of-work (PoW) block validation mechanism, which requires miners to solve computational problems in order to verify transactions. This is a time-consuming process that uses real-world resources. These problems will be addressed in a future update.

Ethereum's (ETH) main blockchain will merge with a parallel network known as the beacon chain and transition to a full proof-of-stake (PoS) system, where miners verify transactions using existing coins rather than solving puzzles, according to its developers. This change could result in a 99.95% reduction in Ethereum's (ETH) total energy consumption, as well as the possibility of future improvements aimed at speed and scalability.

The Merge's release date is unknown, but the developers say it could be a few months after June.

Ripple (XRP)

Do you want crypto with real-world application? Ripple (XRP) is where to look. Despite ongoing legal uncertainty, the well-defined niche and impressive technical capabilities of this finance-focused blockchain position it for long-term success in the competitive crypto industry.

While almost all cryptos can store and transmit value, Ripple (XRP) goes above and beyond by optimising its design for this purpose. Transactions are quick and inexpensive, taking three to five seconds to complete for a fee of 0.0001 XRP tokens (each XRP is currently worth $0.65).

Ripple Labs, the blockchain's creator, also offers RippleNet, an enterprise-level payment solution that allows large companies to move money across borders using Ripple's (XRP) native token, XRP, as well as other traditional currencies. So far, the protocol has a number of high-profile partners, including Santander, a Spanish multinational bank, and American Express, a global payments giant.

The real-world utility of Ripple (XRP) has piqued the interest of US regulators, who are investigating whether the blockchain's creators broke security laws when they launched it. Nobody knows how this situation will turn out, but investors should keep in mind that Ripple's (XRP) developer is distinct from the XRP tokens you buy or sell on exchanges.

Seesaw Protocol (SSW)

Before its launch, Seesaw Protocol (SSW) had a hugely successful presale, with its price increasing by an incredible 8000%. Seesaw Protocol (SSW) started at $0.005, but its popularity quickly grew, and the token's presale ended at around $0.40, much to the delight of its holders.

Seesaw Protocol (SSW) has generated a lot of buzz due to its transformative goals, which have contributed to its skyrocketing presale price. According to its White Paper, Seesaw Protocol (SSW) aims to connect other blockchains, including Binance Smart Chain (BNB), Polygon (MATIC), and Ethereum (ETH), allowing users to use whichever blockchain network they prefer.

Following the launch of PancakeSwap, holders can expect the multi-chain bridge and swap, cross-chain deployment across Ethereum (ETH) and Polygon (MATIC), and the UniSwap launch later this year. 

Find out more about Seesaw Protocol (SSW) here:






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Ripple's Small Victory In Court May Lead To A Huge Victory Soon, As Their Battle Against The SEC Continues...

 Ripple SEC Lawsuit

The SEC says Ripple's $1.8 billion raised during it's ICO was raised illegally - and they want Ripple to give it back.

Ripple asks - why us, why now? As they compare their token with Bitcoin and Ethereum, which have already received the green light when the SEC publicly stated they are not a security.

Here's where it gets confusing...

The SEC argued that Ripple is indeed a security, as it was pre-mined and distributed among its executives before being publicly launched, while bitcoin and Ethereum were not.

Except...Ethereum was. They held an ICO, and sold pre-mined coins to investors during it.

Now, the SEC will be forced to release internal documents giving insight into how they decided to clear Bitcoin and Etherum...

Ripple took the SEC to court in order to find out how they decided in Ethereum's favor - and won.

The SEC has to release internal documents showing their methods of deciding what is and isn't a security, and once those documents are in hand, Ripple's lawyers believe they can use the SEC's prior decisions against them by saying if Ethereum isn't a security, neither are they.

The lawyers of Ripple Labs Inc. argue that for 8 years the SEC has not raised its voice in this regard, so now they must clarify what has led them to sue the executives of this company. Faced with this allegation, the SEC had recently responded that it was not its responsibility to notify in advance regarding potential infractions of the law.

Either way, today is a small win for Ripple that they hope will lead to a huge win around the corner. 


Author: Mark Pippen
London News Desk 
Breaking Crypto News

Ripple Changing Focus? Latest Project Aims To Provide Solutions To Government's Launching Official Digital Currencies...

Ripple and CBDC's

The Central Bank Digital Currency (CBDC) is currently in the process of research and development at many financial institutions around the world, and is the subject of debate among global financial transactions and local governments as each makes its own decisions.

Completely separate from the cryptocurrency market, Ripple is now developing new solutions for traditional banks launching CBDC's and has announced that it has implemented a pilot program with privacy locks that may be useful in this market.

Perhaps Ripple is trying to secure their future, if challenges that their XRP token was launched illegally don't go their way.

XRP's Tech To Be Used...

Although with a new purpose, they're pitching the same tech XRP transactions currently use, stating:

"Transactions on the CBDC Private Ledger are verified by the same consensus protocol used by the XRP Ledger, which is far less energy intensive, and therefore less expensive and 61,000 times more efficient than public blockchains that leverage proof-of-work.

In addition to leveraging the XRP Ledger technology, the CBDC Private Ledger is also supported by RippleNet technologies, and the Interledger suite of protocols to enable ultra-high throughput use-cases such as micro-payments."

No Longer A Matter Of  "If" But "When"...

CBDC's will become commonplace, that much is obvious. The US is in early stages of developing theirs, and even smaller countries such as Lithuania and the Bahamas have announced their digital currencies.

However, currently all eyes are on China preparing to launch their "digital yuan".

Author: Justin Derbek
New York News Desk
Breaking Crypto News

Ripple's XRP Token Drops Another Position On The Top 10, as Market Cap Losses Pass $13 BILLION In 30 Days...

ripple xrp price sec lawsuit

Ripple maintains a negative trend that has led to a loss of almost half of its price in the last 30 days, a disaster caused by a US Securities and Exchange Commission (SEC) lawsuit against the company that issues XRP.

There were a couple days with decent gains, but that just seemed to trigger new rounds of selloffs as worried investors who wish they got out earlier saw this as their chance to get out.

But generally speaking, the token has been declining since December when the public learned that the SEC was suing the company and its co-founders for selling XRP, which the government is considering an unregistered security.

Now as of today XRP has lost fourth place to Polkadot (DOT), whose market capitalization has exceeded $ 15 billion.

The day the news broke, the price of XRP was $0.48.

Today at the time of publishing, XRP is selling for $0.27

Their $25 Billion market cap now all the way down to $12 Billion.

But What If...

What if Ripple beats the lawsuit? Or better, it gets dropped as the new administration appoints new heads to the SEC and Justice Department.

Ripple has openly said they're even willing to settle right now.

Let's play devils advocate - imagine if someone were to stock up on XRP when it hits bottom, and then they win their lawsuit - you can bet that coin is going to shoot up like crazy and they're going to be pretty happy with their investment.

Of course, if the SEC takes this all the way and they lose in court, XRP will be worthless as the company would likely be finished. 


Author: Justin Derbek
New York News Desk

Ripple CEO On CNBC TV Discussing How They Plan To Disrupt Global Payment Infrastructure...

Ripple says it is modernizing the global payments infrastructure and is making the task of sending money around the world as easy, fast and inexpensive as sending an email. It claims to have over 300 financial services customers globally and has signed partnership deals with American Express and Santander.

Last June it announced a partnership with MoneyGram, one of the world’s largest money-transfer companies. The partnership uses Ripple’s On-Demand Liquidity, or ODL, technology to enable money to be sent from one currency and instantly settled in the destination currency. Today MoneyGram moves 10% of its transaction volume between the U.S. and Mexico through ODL.

Brad Garlinghouse, Ripple CEO explains on CNBC.

Video courtesy of CNBC

Ripple's XRP Quietly Preparing For a Comeback? Raw Data Gives Us A Glimpse Of Surprising, Large Growth...

There's been a huge spike in activity - a whopping 80% rise just throughout September, of transfers originating in the US or Europe, with destinations in Mexico and the Philippines, using Ripple's On Demand Liquidity service, ODL, formerly known as xRapid.

Who are these new users? Immigrant workers, sending funds home.

An independent analyst monitored the flow of XRP and recorded movement in exchanges who installed ODL. Among them are the Mexican exchange house Bitso, based in the Philippines, the American Bittrex, and Bitstamp based in Europe.

A quick glance at CoinMarketCap's data shows $1.5 million XRP had been traded paired with the Mexican Peso just in the last 24hrs before publishing this article.

That means October is currently on-pace to beat out September, which had $18.9 million in remittances to Mexico and the Philippines, which as mentioned, was 80% more than in August.

So how are these immigrant workers discovering XRP, and why are they choosing it over alternative cryptocurrences?


The deal made back in June has been put into effect - Ripple agreed to taking a $50 million stake in MoneyGram, and MoneyGram agreed to begin using XRP for cross-border payments, which is what's happening now.

Another important factor to consider - many feared working wth Ripple, worried the SEC would classify XRP as an unlicenced security.

But between Coinbase listing it, and Moneygram implementing it - these fears seem to have largely vanished.

With these obstacles removed - another big rally for XRP may be imminent. As long as there isn't any new, negative surprises around the corner - I can't imagine a scenario where these recent developments don't lead to some strong gains.

Author: Adam Lee 
Asia News Desk

Ripple Executives Deliver Letter To US Congress, Sharing Their Love Of Central Banks and Government...

It's a blend of some very valid points, reasonable requests, and cringe-worthy lines of hardcore sucking up. Brad Garlinghouse, CEO of Ripple and Chris Larsen, Executive Chairman, sent a letter to the US Congress with the hope lawmakers will take their words into account as cryptocurrency continues to be a hot topic on Capitol Hill.

Featuring gems like "For centuries, governments have been well suited for the job because paramount to the acceptance of any currency is trust." the Ripple leaders perfectly captured the thoughts of us all - when you hear the words 'government' and 'money'- you too likely think 'trust...right?

Also worthy of admiration - the role central banks play, letting them know that they "don’t take for granted the vital role of central banks in issuing currencies and setting monetary policy in concert with the complex dynamics of economies around the world."

Thankfully it's not all like this, as they do a good job pointing out that cryptocurrency comes with some advantages as well; "Without a doubt, blockchain and digital currencies will engender greater financial inclusion and economic growth not unlike the internet’s historic impact. As it did with the internet, the U.S. has the chance to lead the way, nurturing this economic opportunity while continuing to protect privacy and stability."

Along with a point we've emphasized countless times in our reporting as we watched the next generation of tech innovations leave the US, out of fear of potential future regulation, and confusion over current guidelines - "We urge you to support regulation that does not disadvantage U.S. companies using these technologies to innovate responsibly" they added.

You can read their full letter here.

Author: Justin Derbek
New York News Desk

After years of hurling insults and slander at Coinbase, Ripple fans celebrate victory! A look back on how it all went down...

It's official - the 'XRP Army' has won the war - CoinBase has decided to list their favorite token! While everyone is best friends now, 48hrs ago it was a different story... seriously, about as different as a story can be.

Anyone who's in crypto, and on Twitter, has undoubtedly been subjected to seeing every Tweet posted by, or related to Coinbase or their leadership, get totally taken over by the 'XRP Community'  aka 'XRP Army' as they absolutely ripped Coinbase apart.

It became so bad, i'm somewhat shocked Coinbase added them, and now we finally know the trick to get a coin listed - verbally assault them daily on social media.

While the XRP community celebrates their official listing on Coinbase - I thought it would be fun to look back at all the good times!

If you're part of a project with a token and dream about one day being listed on Coinbase - take notes, this is how it's done...

What else is there to say? It worked!

So... good job?

Author: Oliver Redding
Seattle News Desk

Death threats, police, FBI, and accusations of manipulation follow claim that XRP is $6+ billion overvalued - and there's MORE to this story...

The spark that lit this fire happened earlier this week when research firm 'Messari' came out with a report on why they believe Ripple's XRP token is greatly overvalued - by up to 46% meaning "Ripple’s $XRP market cap is likely overstated by $6.1 billion".

Others have covered that and the initial reaction from Ripple/XRP fans calling it all lies.

But that's not the whole story - there's several important factors to take into account to truly understand how things reached the level of intensity we're at today. The other reports i've seen this week we're all missing crucial parts of the story.

Before diving in I must add - I neither own any XRP, or have a grudge against Ripple.  I understand how Ripple's involvement with the big banks turn some people off to it.  I also think expecting the banking industry to sit back and simply watch cryptocurrency grow is unrealistic. If Ripple wasn't working with them, someone else would be. So i'm literally neutral, making me qualified to cover all this fairly.

So let's begin - at the actual beginning.

Grudges between the two sides goes way back:

Ryan Selkis is the founder of Messari, the firm that made this week's claims against Ripple.

But the hate between Ryan Selkis and Ripple fans goes way back, long before this report.

Ryan shared his opinions on Ripple over a year ago, calling XRP "a sham". On his personal blog, he wrote an entry called "I See You, $XRP" where he explained his stance at length.

From then on he was among the 'most hated' by Ripple's community, with leaders like Tiffany Hayden labeling him a 'liar'.

But that just seemed to motivate Ryan more, he explains it:

"The XRP community is irredeemably awful"  their hate for him is actually "a badge of honor."

Then this week's research report calling XRP overvalued was released:

Knowing the long-standing animosity between the two sides, the response was fairly predictable.

Ripple's supporters argue that it would be impossible for a company founded by someone who takes pride in being hated by them, to conduct honest unbiased research.

But those supporting Ryan say he has such a nasty history with Ripple fans because he's long known 'the truth' - and they just hate hearing it.

Which now brings us to the last 72hrs:

Following the release of the report from Messari, Ryan claims he's been on the receiving end of threats and harassment, saying:

"Someone just called me from a Nashville number and recited my wife’s birthday to me. Then hung up.[Ripple's CEO] these are the type of animals you and your fucking company enable."

He then demanded the company's leaders step in and tell their fans to back off:

"I want [Ripple executives] to denounce any $xrp community threats against my family. I’m going to the fbi and local police after THREE calls. Ensuring our family doesn’t get swatted.  I’m not going home until it’s publicly stated."

Where things stand today:

As you can see there's an established history of each side responding to the other by stepping up their attacks.  Keeping that tradition - things have gotten even worse.

The Ripple community maintains their stance that he's a liar, and now adds that he's even lying about the threats made to him. As one member who goes by 'Cryptocrusader' says:

"Can this lying sack of shit prove anything that exits his pie hole. Selkis makes a living telling lies
Don't you think he would go to the FBI first instead of tweeting about it? Ryan is a worthless piece of shit."

Now Ryan out for more blood than ever, and he's hoping someone inside of Ripple will help him throw his next punch - he's looking for leakers:

"If you’re a current or former partner, investor, customer, employee of Ripple and you want to share anonymous tips regarding the company’s XRP sales, marketing or general business practices, you can do so with our team.  Off the record:"

My thoughts so far:

The data showing Ripple is overvalued may be totally true - but it's tainted by the history of Ryan acting like a man-child on Twitter and openly saying he loves doing things that make Ripple's community hate him, and the fact he's the research company's founder.

A researcher who stands by their findings should simply keep pointing to those findings - demanding them to be disproven.  When you're right, winning the argument really is that simple.  Everything else is a step in the wrong direction, and he's walked a mile.

Likewise, Ripple's community may have valid points to dispute the report - but those are tainted as well, by them resorting to personal attacks, and if true, making threats. 

There's also a disturbingly high number of accounts with anonymous ownership among Ripple's supporters . To Ryan's credit, he's willing to make his claims under his own name, while Ripple's community appears be made up mostly of people using 'screen names' - they won't face consequences for being wrong, they can just move on with a new name.

In closing, because of this I cannot imagine either side being the one to settle this. The only solution would be a neutral, 3rd party of qualified researchers reviewing all of the claims made so far and sharing their findings.

Author: Ross Davis
E-Mail: Twitter:@RossFM
San Francisco News Desk

Biggest loser in 2018's first quarter: Ripple.

With the first quarter of 2018 coming to an end, every cryptocurrency felt some major pain.

But it wasn't Bitcoin to suffer the most - Ripple's token XRP took the harshest hit among the top cryptocurrencies - down a massive 77 percent!

Now before the Ripple haters out there start laughing and saying "I told you so!" - this isn't even Ripple's worst performing quarter, in 2014 when they took an even bigger dive, down 94% before -shooting back up beyond all expectations.

Author: Ross Davis
San Francisco News Desk