Whales Shift 500 Million XRP
It looks like major crypto whales are not affected by the recent price movement or pending outcome of the XRP lawsuit. As per the data provided by WhaleAlert, over 540 million XRP (approx worth $216 million) have been moved in the last 24 hours. The largest transaction recorded by the tracker has been of moving 205 million XRP (approx worth $81.7 million) to an unknown wallet.
Crypto Community With 77% Historical Accuracy Sets XRP Price for February 28, 2023
As the week started on a less bullish note for most assets on the cryptocurrency market and the prolonged legal battle between Ripple and the United States Securities and Exchange Commission (SEC) is waiting for its conclusion, the community has projected the possible price of XRP by the end of the month.
XRP Lawyer Deaton Files Amicus To Join Another Ripple Lawsuit
The U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple Labs is not the only battle the company is currently fighting. In fact, there is a court case that has been under trial for a longer period of time: The class action lawsuit filed by XRP investors against Ripple Labs and CEO Brad Garlinghouse, which has been pending since November 2018.
Ripple’s CTO Confirms ‘Never Happening’ Proposal As XRP Momentum Slides
A section of the Ripple [XRP] community has long hoped for approval for the token’s buyback proposal since 2021. But all that desire may now be a pipe dream as the project’s Chief Technology Officer (CTO) put a nail to the coffin.
Binance and Others Move 507M XRP as Token Faces Opposition at $0.42
XRP whales have moved over 507 million tokens in the past 24 hours as the asset faces fierce resistance at the $0.42 zone amid a lack of updates on the legal tussle between Ripple and the U.S. SEC.
Ripple General Counsel Trolls SEC Case, Compares It to Spy Balloon Shot Down by US Military
Alderoty expresses confidence in Ripple’s defense.
XRP Buyback Proposal Looks Like a Scam, Says Ripple CTO
The controversial proposal has resurfaced again, dominating discussions within the XRP community.Ripple’s chief technology officer, David Schwartz, has offered his opinion on the controversial XRP buyback proposal, saying it looks like a scam.The Ripple executive made this known in a tweet yesterday. It came in response to an XRP community member who requested his thoughts on the controversial proposal.
Ripple Bought $8.4 Billion XRP Since SEC Lawsuit To Sustain Token Price
The latest reveals that Ripple has been a major buyer of XRP in the secondary markets. The company expects to continue to undertake even higher XRP purchases as its On-Demand Liquidity (ODL) service continues to gain global prominence.
Why Pro-Ripple Lawyer Says XRP Can’t Be Classed as a Security Even if It Was Sold as One
U.S. Attorney John Deaton has explained in-depth why the XRP cryptocurrency cannot be classified as a security even if blockchain payments company Ripple sold it to the public as an investment contract.
Ripple Purchases $8.4B XRP From Secondary Markets Since SEC Lawsuit
Despite XRP’s lower price, Ripple has continued to commit billions of dollars to purchase the cryptocurrency asset from the secondary market. According to data shared by Blockworks, Ripple Labs has spent nearly 75% of the revenue generated from the sale of XRP on buying the tokens back from secondary markets.
Deaton Distances Himself From XRP Buyback Proposal
Attorney John E. Deaton has made it clear that he has no involvement with Jimmy Vallee’s XRP buyback proposal, asserting that he will not accept money for his efforts in the Ripple and LBRY cases.
Ripple’s On-Demand Liquidity Soars to Record Highs As XRP Army Eager to Receive Verdict on SEC Lawsuit
Approximately $18 billion worth of transactions were processed through Ripple’s On-demand-Liquidity in 2022, making up for 60% of the nearly $30 billion in volume transacted on the network since RippleNet was launched.
LBRY Calls On Coinbase to Relist XRP in Line with Latest Verdict: Details
The second ruling in the LBRY Credits (LBC) lawsuit from the New Hampshire district court Judge further portrays that XRP and other altcoins are not securities as contended by the United States Securities and Exchange Commission (SEC).
Calls for Coinbase to Relist XRP Surges As Exchange Wins Major Legal Battle
XRP community continues to call on Coinbase to relist XRP.
Ripple Locks 600M XRP in Escrow, as Whales Move 612M XRP
According to data from Whale Alert, a cryptocurrency whale tracking service, Ripple locked 600M XRP tokens worth $246.6M in its escrow wallet. It bears mentioning that Ripple first moved the funds from two of its wallets to the escrow wallet before locking them in escrow.
Ripple Partner Novatti Procures Merchant Acquiring License in New Zealand
Through the license, Novatti could offer its PayxCrypto solution to merchants once it’s fully developed.
Crypto 2023: A Focus on Real-World Utility
So, what does 2023 hold for crypto and blockchain? In a word: utility. This was the watchword of nearly every Ripple executive that weighed in with predictions for the year.
XRPL Labs Developing Hooks Sidechain with XRP as Native Currency
Developers believe Hooks will soon be ready for real-life applications.
Ripple Sold $226M Worth of XRP in Q4 2022, Latest Quarterly Report Reveals
Ripple bought back more XRP in Q4 2022 than in Q3 leading to reduced XRP sales net of purchases.
Whales Moves 405M+ XRP in Two Transactions Amid Price Dip
XRP whale accumulation has resumed following a relatively quiet weekend, as two different whale addresses transferred over 405M tokens within 15 hours, with one of them activated just today. This resumption in whale activity comes up at a time when the asset has slipped below the $0.42 level and is struggling to retain its position above $0.40.
