XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. 

It's built for enterprise use on a global scale and helps power cost-efficient cross-border payments.

Quick Take The SEC has sued Ripple and two executives alleging that XRP is a security Since then, several exchanges, market makers, OTC desks and payment processors have announced their plans to either fully delist XRP or only limit activity to non-U.S. customers Some exchanges (FTX, OKEx, Liquid, Huobi) are way less reliant on XRP volume than others (Bitstamp, Bitbank, Bitso) More delistings are coming in the next few weeks

Looking at the effect of potential XRP delistings on exchanges

Swiss crypto asset manager 21Shares, formerly known as Amun, has removed XRP from its exchange-traded products (ETPs). The post Crypto asset manager 21Shares removes XRP from its ETP products appeared first on The Block.

Crypto asset manager 21Shares removes XRP from its ETP products

Cardano creator Charles Hoskinson is weighing in on the U.S. Securities and Exchange Commission's (SEC) case against Ripple and the agency's assertion that XRP is an unregistered security. In a series of ask-me-anything (AMA) videos, Hoskinson says part of the problem with regulating crypto assets is that tokens are dynamic and hard to categorize. “The […] The post Cardano Creator Says XRP Is Not a Security, but Its Distribution May Be Problematic appeared first on The Daily Hodl.

Cardano Creator Says XRP Is Not a Security, but Its Distribution May Be Problematic

The London-based trading firm is the latest to stop dealing with XRP.

B2C2 Stops XRP Trading With US Clients: Reports

A popular analyst says he's spotted a telling correlation between a pair of crypto assets and XRP. Former Adaptive Capital partner Willy Woo says it's clear that Chainlink (LINK) and Cardano (ADA) tracked XRP's epic crash last week at a higher correlation than any other cryptocurrencies. According to Woo, the price movements suggest that traders […] The post Analyst Says Two Crypto Assets Closely Correlated With XRP, Showing Traders Fear Future Regulatory Action appeared first on The Daily Hodl.

Analyst Says Two Crypto Assets Closely Correlated With XRP, Showing Traders Fear Future Regulatory Action

The crypto community is extremely curious about what will happen to Ripple Labs and the token asset XRP, after the U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against Ripple and two executives. On December 25, the large cryptocurrency exchange Bitstamp announced delisting XRP for U.S. customers, and a former SEC Commissioner thinks […] The post Ripple Lawsuit Could Invoke Billions in Losses to ‘Innocent Third-Parties,' Says Former SEC Commissioner appeared first on Bitcoin News.

Ripple Lawsuit Could Invoke Billions in Losses to ‘Innocent Third-Parties,' Says Former SEC Commissioner

Four crypto exchanges are suspending support for XRP. In light of the U.S. Securities and Exchange Commission's (SEC) impending lawsuit against Ripple, some crypto exchanges have either halted trading for XRP and/or dropped the asset from their platform entirely. The first to officially change their policies toward XRP are Bitstamp, OSL, Beaxy Exchange and CrossTower. […] The post 4 Crypto Platforms Drop Support for XRP As Coinbase Reportedly Explores Its Options appeared first on The Daily Hodl.

4 Crypto Platforms Drop Support for XRP As Coinbase Reportedly Explores Its Options

Non-U.S. clients can still trade the token but need to pre-fund all short trades, the report said.

B2C2 Becomes Latest Crypto Market-Maker to Stop XRP Trading: Report

In the wake of the Securities and Exchange Commission's lawsuit against Ripple, crypto market making firm B2C2 halted the trade of XRP with U.S.-based counterparties on Friday, The Block has learned.  The post Crypto market maker B2C2 halts XRP trading with US counterparties appeared first on The Block.

Crypto market maker B2C2 halts XRP trading with US counterparties

Bitstamp is the first major exchange to announce that it is dropping XRP.

XRP's Price Sinks Even Lower After Bitstamp Delists Coin for US Users

This week the Securities and Exchange Commission filed charges against Ripple for operating a unregistered securities offering. They also issued a statement on the custody of digital asset securities by broker-dealers. These actions are two sides of the same coin.

SEC Files Action Against Ripple And Two Senior Executives; SEC Issues Comment For Digital-Asset Securities Custody By Special Purpose Broker-Dealers

Ripple general counsel Stu Alderoty says there is a single legal question at the center of the charges the U.S. Securities and Exchange Commission (SEC) has filed against the San Francisco payments company. Earlier this week, the SEC officially filed a lawsuit alleging that XRP was an unregistered security upon its launch and remains a […] The post Ripple Lawyer Says There's One Legal Question at Center of XRP Lawsuit appeared first on The Daily Hodl.

Ripple Lawyer Says There's One Legal Question at Center of XRP Lawsuit

Bitcoin

The price of bitcoin and a myriad of digital currencies have seen some significant gains on Christmas day. Bitcoin touched another all-time price high at $24,662 per coin, while many other crypto assets rebounded from the previous day's slump. On December 25, 2020, bitcoin (BTC) touched an all-time high (ATH) at $24,662 per coin after […] The post Crypto Markets Rebound, BTC Taps Another All-Time High, Bitstamp Drops XRP for US Customers appeared first on Bitcoin News.

Crypto Markets Rebound, BTC Taps Another All-Time High, Bitstamp Drops XRP for US Customers

Cryptocurrency exchange Bitstamp said it's halting XRP trading and deposits for all U.S. customers on Jan. 8, 2021, because of the U.S. Securities and Exchange Commission's recent filing, alleging XRP is a security. This story is developing and will be updated.

Bitstamp to Halt XRP Trading, Deposits in US Due to SEC Lawsuit

Bitstamp will begin halting trading and deposits for XRP, the cryptocurrency exchange announced on Friday. “In light of the SEC's recent filing alleging XRP is a security, we are going to halt XRP trading and deposits for all US customers on January 8, 2021,” the exchange tweeted. In a blog post, Bitstamp stated that it […] The post Bitstamp to halt trading of XRP appeared first on The Block.

Bitstamp to halt trading of XRP

One of the world's biggest remittance companies issued a statement addressing the recent turmoil between Ripple and the U.S. Securities and Exchange Commission (SEC) due to a lawsuit filed by the regulator against the crypto company. Moneygram Distances Itself From Ripple in the Midst of the US SEC Lawsuit According to the official statement, Moneygram […] The post Moneygram Distances Itself From the Ripple Turmoil With the US SEC appeared first on Bitcoin News.

Moneygram Distances Itself From the Ripple Turmoil With the US SEC

The price of XRP is rising amid news that Elad Roisman will take over as Chairman of the U.S. Securities and Exchange Comission. Commissioner Hester Peirce broke the announcement on Christmas Eve via Twitter. Congratulations, Chairman Roisman! I look forward to your leadership of the SEC. — Hester Peirce (@HesterPeirce) December 24, 2020 Roisman is […] The post XRP Price Rises 24% After New Acting Chairman Named at SEC appeared first on The Daily Hodl.

XRP Price Rises 24% After New Acting Chairman Named at SEC

With XRP's sell-off, bitcoin's dominance increases. However, the derivatives market hints at more volatility ahead for the world's leading cryptocurrency.

Market Wrap: Bitcoin Stays in Tight Range but Gains Dominance as XRP Crumbles

The cross border payments company says it isn't aware of any impact to its commercial agreement with Ripple.

MoneyGram Issues Statement on SEC Action Against Ripple

Over $1.5 billion in XRP futures have been liquidated since the start of November.

XRP Liquidations Soar as SEC Lawsuit, Token Airdrop Whipsaw Markets

The alt coin industry is seeing a mass downward trend after the SEC's announced action against Ripple, but some coins are still rising.

Crypto's Altcoin Prices Collapse After SEC Sues Ripple over XRP

Ripple and R3 were previously embroiled in litigation over an agreement that gave R3 the right to purchase XRP.

SEC Papers Show Settlement Between Ripple and R3 Was Over $240 Million

Crypto analyst Michaël van de Poppe is assessing XRP's price action in the aftermath of the U.S. Securities and Exchange Commission's actions against the payments company Ripple. Since the SEC filed its lawsuit alleging Ripple has sold unregistered securities, XRP has dropped dramatically. With the overall crypto market witnessing a 6% correction in the last […] The post What's Next for XRP? Top Crypto Strategist Michaël van de Poppe Analyzes Rapid Drop in Price appeared first on The Daily Hodl.

What's Next for XRP? Top Crypto Strategist Michaël van de Poppe Analyzes Rapid Drop in Price

The price of XRP has been in a tailspin since news broke that the Securities and Exchange Commission would sue Ripple for conducting an initial coin offering of the digital asset.  In the wake of the suit, which Ripple has described as an affront to the entire cryptocurrency market, a number of firms have begun […] The post Former SEC Commissioner says Ripple lawsuit will cause ‘multi-billion dollar losses to innocent third parties' appeared first on The Block.

Former SEC Commissioner says Ripple lawsuit will cause ‘multi-billion dollar losses to innocent third parties'

Simplex's partners are no longer accepting $XRP transactions with the Simplex integration. The post Simplex bars XRP transactions in wake of SEC's Ripple lawsuit appeared first on The Block.

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