XRP

XRP is a digital asset and cryptocurrency that was created by Ripple Labs Inc., a technology company specializing in the real-time gross settlement system, currency exchange, and remittance network. XRP operates on an open-source and peer-to-peer decentralized platform that allows for a seamless transfer of money in any form, be it USD, Yen, litecoin, or bitcoin. XRP is often used by Ripple's payment ecosystem, RippleNet, and is increasingly adopted by banks and payment networks as settlement infrastructure technology. As a bridge currency, XRP also provides liquidity for instant cross-border transactions.


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Legal Expert Reacts to SEC Gearing Up to Appeal XRP Ruling in Case Against Ripple

Michael Selig, counsel at law firm Willkie Farr & Gallagher LLP, dives into the intricacies of the SEC planning to file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP, according to a court filing on Wednesday. A federal judge ruled last month that while Ripple's direct sales of XRP to institutional investors violated securities law, its programmatic sales to retail investors through exchanges did not.

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Judge Denies Terraform Labs' Motion to Dismiss SEC Lawsuit, Rejecting Ripple Ruling Precedent

Stablecoin issuer Terraform Labs' motion to dismiss a lawsuit from the U.S. Securities and Exchange Commission (SEC) was denied by a federal judge on Monday. The judge also said he rejected the use of a ruling from Judge Analisa Torres who ruled that Ripple did not violate securities law in selling XRP to retail investors through an exchange intermediary. CoinDesk's global policy and regulation managing editor Nikhilesh De shares the latest developments.

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Ripple Exec on Palau Stablecoin Trial on XRP Ledger, SEC Case Ruling

Ripple vice president of central bank engagements and CBDCs James Wallis joins "First Mover" to discuss his insights into the country of Palau leveraging Ripple's CBDC platform and starting a stablecoin trial on the XRP Ledger. Wallis also weighs in on Ripple Labs scoring a partial win against the SEC earlier this month after a judge ruled the sale of Ripple's XRP tokens on exchanges and through algorithms did not constitute investment contracts.

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Crypto Industry Implications of Ripple-SEC Court Ruling Are Unclear: Bank of America

Bank of America (BAC) said in a research report Friday Ripple’s XRP offerings are unique, and the wider applications of the court’s ruling for the crypto industry are difficult to determine. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details.

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Mercados

Bitcoin fica abaixo de US$ 30 mil enquanto investidores observam a próxima decisão da taxa do Fed e a expiração das opções de BTC

A decisão do banco central dos EUA sobre a taxa de juros na próxima semana e o vencimento das opções de Bitcoin dificilmente movimentarão os Mercados, que estão estagnados há semanas.

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XRP Moving Above 'Cloud' Resistance Is Bullish Precedent for Bitcoin: Analyst

A technical analyst says the surge in XRP has set a bullish precedent for market leader bitcoin (BTC) with a move above key price resistance that has opened doors for a sustained rally. Fairlead's Katie Stockton notes XRP's breakout above the Ichimoku cloud is a good example for bitcoin. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Closer Look at XRP, Bitcoin Performance; Web3 Funding from Venture Capital Funds Slumps

Host Angie Lau breaks down the latest crypto market movements, with a focus on XRP after Ripple's partial win in its legal battle against the U.S. Securities and Exchange Commissioner (SEC). Plus, the latest in Web3 developments as venture funding in the space slows down. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."

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XRP, XLM Climb as Bitcoin Holds Above $30K

XRP registered its best performance since August 2021 last week, seeing a 60% surge following Ripple's partial win in its legal battle against the U.S. Securities and Exchange Commissioner (SEC). StockCharts.com Senior Technical Analyst Julius de Kempenaer discusses the rally, bitcoin price analysis, and why he's watching Polkadot (DOT).

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XRP Futures Notch Open Interest Record High for 2023: CoinGlass

Open interest on XRP-tracked futures climbed over $1.1 billion dollars in the last 24 hours and set a record high for the year, according to CoinGlass data. Higher open interest is a sign of increased bets on an asset and suggests an inflow of new money into a financial market. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."

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Coinbase Looks Like the 'Only Adult Left in the Room': Analyst

John Todaro, senior research analyst at Needham & Company, discusses why a court ruling that Ripple’s XRP token should not be considered a security if sold via an exchange or through programmatic sales is actually a positive for Coinbase. Todaro also explains why Coinbase "looks like really the only adult left in the room in crypto, so to speak, at the exchange level" and why Coinbase is the "de facto large remaining player." 

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