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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.
Barclays Joins Wall Street Analysts Calling XRP Ruling Positive for Coinbase
Wall Street banks including J.P. Morgan also saw the ruling as a positive outcome for the crypto exchange.
Could the Ripple Ruling Spell the End of Regulation by Enforcement?
A long-awaited district judge’s ruling that some XRP token sales were not investment contracts will likely eventually lead to a bipartisan regulatory framework that is more favorable to the pro-crypto crowd in Congress, writes John Rizzo.
XRP Rallies 50% in Last Week After Ripple's Partial Win; Binance Reportedly Cuts Workforce
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest crypto stories, including a new report from the Wall Street Journal that the global crypto exchange Binance has laid off over 1,000 employees in recent weeks. Bail for Alex Mashinsky, the former CEO of Celsius, has been set at $40 million dollars after he was arrested. And, a slew of crypto exchanges start listing XRP for trading.
Bitcoin Tumbles Below $30K, Crypto Prices Buckle After Altcoin Frenzy on XRP Ruling
Ripple's XRP was down 25% from its highest levels on Thursday.
Ripple's Legal Win Means It's Time for Crypto to Stand Up to the SEC
The company's partial victory in court is a watershed moment for the crypto regulatory fight, ConsenSys Director of Global Regulatory Matters Bill Hughes argues.
What Ripple’s Partial XRP Win Means for Other Crypto Firms Fighting SEC
Coinbase and Binance have a new precedent to cite in court – if the decision survives potential appeal. That’s no sure thing, lawyers said.
XRP Short Traders Notch Highest Losses This Year After Ripple's Partial Win
A landmark court ruling drove XRP prices to nearly double in the past 24 hours before receding, with XRP shorts losing the most money so far this year. Coinglass data shows XRP-tracked futures traders racked up a total of $58 million in losses as a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."
Ripple’s XRP Ruling a ‘Milestone Win’ for Crypto Industry, Says JMP Securities
The fight for regulatory clarity isn’t over yet, however, as the SEC will likely appeal the decision and continue to pursue similar cases in the future, analysts wrote.
XRP Trading Volume Surges 1,351% as Major Crypto Exchanges Embrace the Token
The spike in trading activity came after a partial win in a lawsuit against the SEC.
