Law Firm Sues MoneyGram Over Ripple Partnership

Key Takeaways New York-based Rosen Law has filed a class-action lawsuit on behalf of MoneyGram International investors. The lawsuit alleges investors suffered losses as MoneyGram did not caution investors regarding its business ties with Ripple MoneyGram recently halted the partnership with Ripple over the SEC lawsuit which may decrease its revenue. Share this article A New York-based law firm, Rosen Law, has filed a class-action suit against MoneyGram for failing to protect investors from its business partnership with Ripple. Ripple SEC Saga Continues Rosen Law said it filed a class-action…

Ripple (XRP) Rallies 20%, Why Dips Could Be Attractive

Ripple remained stable above $0.5000 and rallied above $0.6000 against the US Dollar. XRP price tested $0.6500 and it is likely to continue higher in the near term. Ripple started a fresh increase above the $0.5500 and $0.6000 resistance levels against the US dollar. The price is now trading well above $0.5800 and the 100 simple moving average (4-hours). There was a break above a crucial contracting triangle with resistance near $0.5480 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair is trading nicely above…

Ripple now registered as a Wyoming business

Blockchain-based payments firm Ripple Labs has now registered a business in Wyoming. According to records from the Wyoming Secretary of State, Ripple Markets WY LLC’s status as a local business is listed as “active” after an initial filing in February 2020. As a limited liability company in Wyoming, Ripple’s registered agent will be based in Cheyenne. “More crypto companies are realizing Wyoming is a better domicile than Delaware due to our crypto-friendly laws,” said Caitlin Long on Twitter. Long is the CEO of digital bank Avanti Bank & Trust and…

An SEC Ripple Effect Leaves XRP Sliding the the Crypto Top 10

XRP is unsurprisingly lagging behind the rest of the incredibly bullish crypto market and altcoin space. The SEC’s charges against Ripple executives asserting that the token itself is an unregistered security have harmed any chance of upward momentum. It has also caused the altcoin to sink further and further down the ranks of the top ten crypto assets by market cap, less so because of sellers dumping XRP, but because other coins are flying so high and leaving Ripple behind. Here’s what the current top ten looks like and how…

Ripple (XRP) Trimming Gains, Why It Could Decline Heavily

Ripple failed to stay above $0.5550 and declined over 10% against the US Dollar. XRP price could accelerate lower if it fails to stay above the 100 SMA (H4) and $0.4850. Ripple started a fresh decline after it struggled to clear the $0.6500 resistance against the US dollar. The price is now trading well below $0.5500 and it is testing the 100 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.5300 on the 4-hours chart of the XRP/USD pair (data source…

Settlement not in the cards in SEC vs. Ripple case

The changing of the guard at the United States Securities and Exchange Commission seems to have affected any possible pretrial settlement in the SEC’s case against Ripple. This conclusion was part of a joint discovery letter filed on Monday before Judge Analisa Torres of the U.S. District Court for the Southern District of New York. Commenting on the prospects of a pretrial settlement, the letter reads: “Counsel for the parties have met and conferred and, having previously discussed settlement, do not believe there is a prospect for settlement at this…

Cardano Now Fourth Biggest Crypto, Overtaking Ripple

Key Takeaways Cardano surged 92% last week, hitting a market cap of $21 billion. It’s now the fourth biggest cryptocurrency, behind Bitcoin, Ethereum, and Tether. Alongside Polkadot, Cardano is one of Ethereum’s biggest competitors. Share this article A bullish week for Cardano has pushed its market cap to $21 billion, making it the fourth-largest cryptocurrency.  Green Candles for Cardano  Cardano’s ADA currency rallied over 90% last week, briefly hitting a high of $0.70 Sunday. It’s now trading at $0.66, which puts its market cap at $21.1 billion.  Source: TradingView It’s…

XRP Retains Popularity Despite SEC Lawsuit, According to Ripple Report

Key Takeaways Ripple published its latest XRP Markets Report for Q4 2020, surprising many with its contents. In the report, Ripple boasted higher XRP sales to clients for ODL product. Ripple determined that total XRP volume was up about four times in Q4 compared to the previous quarter. Share this article According to Ripple, the company enjoyed a 400% increase in XRP trading volumes and onboarded a record number of clients for its On-Demand Liquidity (ODL) service. Ripple Boosts Volume, Adds New Clients Blockchain payments company Ripple has published its…

Japanese Financial Giant Launches XRP Lending Service Amid Ripple Lawsuit

Share this article SBI VC Trade, a subsidiary of the Japanese financial firm SBI Holdings, announced that it would begin accepting XRP for its cryptocurrency lending service. SBI Launches 0.1% Interest on XRP Under the VC Trade Lending service, customers can deposit their XRP and earn an annual interest of 0.1%. The firm said the minimum and lending quantity is 1,000 (~$390) and 100,000 XRP (~$39,000). SBI Holdings first launched its lending service in November 2020 with Bitcoin and indicated it would add XRP and ETH later. Given a small interest…