Category: SEC lawsuit

UK Investment Firm Aims to Block Ripple From Leveraging Liquid Assets, Jed McCaleb Dumps 28.6 Million XRP

UK Investment Firm Aims to Block Ripple From Leveraging Liquid Assets, Jed McCaleb Dumps 28.6 Million XRP

Court documents show that the company, Tetragon Financial Group, has filed a lawsuit against Ripple after the firm was charged by the U.S. Securities and Exchange Commission. The court filing indicates that Tetragon and Ripple allegedly made an agreement, and the SEC case deeming XRP as an unregistered security should allow them to get funds […]

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Grayscale Investments Terminates XRP Trust Citing Impact of SEC Lawsuit Against Ripple

Grayscale Investments Terminates XRP Trust Citing Impact of SEC Lawsuit Against Ripple

Grayscale Investments is shutting down its Grayscale XRP Trust and liquidating its XRP holdings in order to distribute cash proceeds to the trust’s shareholders. The firm cited difficulty in converting XRP into U.S. dollars following the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple. Grayscale Axes XRP Trust Grayscale Investments announced […]

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XRP Lawsuit: Blockchain.com Becomes Latest Platform to Delist XRP

Blockchain.com, a popular blockchain explorer as well as a crypto wallet has joined the growing list of platforms delisting XRP trading services in the wake of the SEC lawsuit against Ripple and two of its executives. The blockchain explorer cum crypto wallet service provider notified its customers about halting XRP trading services via its official […]

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Grayscale Didn’t Dump XRP, Instead They Bought Another 12 Million More on New Year

Grayscale dumping XRP was the headline of most of the media publications based on data from Bybt, however, a company spokesperson refuted all such claims. A quick look at the Grayscale Investment Holding now clarifies that no significant amount of XRP was liquidated in the past 7 days, however, earlier the chart did show mass […]

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Okcoin and Coinbase to Halt XRP Trading Due to the US SEC Lawsuit Against Ripple

Okcoin and Coinbase to Halt XRP Trading Due to the US SEC Lawsuit Against Ripple

Two major cryptocurrency exchanges joined the XRP trading suspension campaign in the wake of the U.S. Securities and Exchange Commission (SEC) lawsuit filed against Ripple Labs on December 22, 2020. Two Major Crypto Exchanges to Suspend XRP Trading in January 2021 The last week of 2020 started with the announcement of Okcoin, one of the […]

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US Regulator Sues Crypto Hedge Fund Founder — $25 Million in Digital Assets to Be Frozen

US Regulator Sues Crypto Hedge Fund Founder — $25 Million in Digital Assets to Be Frozen

The U.S. Securities and Exchange Commission has filed a lawsuit against a cryptocurrency hedge fund founder for fraud. The regulator is seeking an emergency order freezing $25 million in digital assets held by a crypto hedge fund he controls. Crypto Hedge Fund Founder Sued in the US The U.S. Securities and Exchange Commission (SEC) has […]

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Crypto Platforms Start XRP Delisting, Are Crypto Exchange SECs Next Target?

The SEC lawsuit against Ripple has created a domino effect for the crypto company as well as the XRP token. SEC is suing Ripple and two of its executives including current CEO Brad Garlinghouse for $1.3 billion in sales in unregistered Security. The court filing by the SEC suggests that it considers XRP security rather […]

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Breaking: Fidelity Backed OSL Suspends XRP Trading and Payment Services

OSL, a Fidelity backed leading digital asset platforms in Asia has suspended all XRP payments and trading services immediately after SEC formally filed a lawsuit against Ripple and two of its executives for the sale of $1.3 billion worth of unregistered security. Ripple, the parent company responsible for managing XRPs supply had yesterday revealed that […]

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Vitalik Buterin Fires Shot at XRP For Calling Bitcoin & Ethereum “Chinese-controlled”

Ripple today revealed that they are under SEC scrutiny and might face a lawsuit owing to the sale of unregulated securities of XRP token. Ripple is among the top cryptocurrency companies that manage the “distribution supply of XRP” and offers banks cross-border remittance service using the XRP ledger. Ripple has adamantly maintained throughout that XRP […]

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