Facebook’s idea to rebrand its Libra stablecoin project to “Diem” may not be as smooth sailing as what the corporate firm had in mind. Why Facebook may be sued It turns out that Diem has already been taken up as a name, and it belongs to a budding fintech firm based in Europe. Founder of … Continue reading Facebook's Rebranding of Libra Stablecoin to Diem May Face Copyright Infringement Lawsuit
As the cryptocurrency market enters a period of high volatility, a major cryptocurrency platform, Crypto.com will now leverage Amazon Web Services, Inc (AWS) cloud provider to provide enhanced scalability and security for its 5 million users. Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), today announced that Crypto.com, the world’s first cryptocurrency platform … Continue reading Crypto.com Leverages Amazon's AWS Cloud To Enhance Scalability and Security
The United States Securities and Exchange Commission’s (SEC) lawsuit against Ripple may be enough to force major exchanges, particularly Coinbase to delist the XRP token while the “unregistered securities” case remains unresolved—which would ultimately send the crypto’s price falling to new lows before the parties even enter a courtroom. Before Ripple Labs co-founder and CEO … Continue reading Coinbase Will Likely Delist XRP Token as SEC Files Lawsuit Against Ripple
Cryptocurrency exchanges in India have expressed shock by the recent announcement of the US lawsuit against Ripple Labs Inc. The US Securities and Exchange Commission (SEC)’s suit against Ripple blockchain company has caused a decline of XRP’s price. However, India’s crypto exchanges have shunned restricting their trading on the cryptocurrency, but they are keenly monitoring … Continue reading XRP Price Slumps as SEC’s Ripple Lawsuit Worries India’s Crypto Exchanges
While Ripple CEO Brad Garlinghouse has remained defiant in the face of the SEC’s lawsuit, the XRP token continues to lose value with multiple exchange de-listings and today a halt to trading on major US exchange Coinbase. Can the XRP price ever recover? XRP holders were in a state of jubilation as the token’s price … Continue reading Can XRP Token Price Ever Recover from SEC Lawsuit Against Ripple?
With the Securities and Exchange Commission (SEC)’s lawsuit hanging over Ripple, Crypto.com has announced that it will delist XRP, effective on January 19, 2021. Crypto.com’s decision echoes that of many other platforms and crypto exchanges in the industry, such as Coinbase and OKCoin. The list of exchanges to delist XRP is growing as many have backed out … Continue reading Ripple Addresses “Unproven Allegations” from SEC Lawsuit as Crypto.com Shuns XRP
The official pre-trial court date for the US Securities and Exchange Commission (SEC) ’s lawsuit against Ripple for the sale of XRP tokens has been set. The trial opposing the SEC and Ripple over the sale of XRP tokens will begin on February 22, 2021, and will be hosted via video call. As it is … Continue reading Ripple’s First Court Date for SEC Lawsuit of XRP Tokens Set for February 2021
Ripple’s CEO Brad Garlinghouse demystified certain aspects pertaining to the Securities and Exchange Commission (SEC)’s lawsuit. While Ripple’s team has been relatively quiet lately, Garlinghouse explained that its regulatory counsel had actually been hard at work in addressing SEC’s allegations. Currently, the court date for Ripple’s pretrial with the Commission is set for February 22, … Continue reading Ripple CEO Hints that XRP Operations Will Be Fine Despite SEC Lawsuit and Previous Failure to Settle
The SEC’s Director of the Division of Enforcement will conclude his tenor by the end of this month. Marc P. Berger, who replaced Stephanie Avakian as an acting director of the division for a short period of time after she departed from the SEC in December, will be stepping down. Berger played a key role … Continue reading Who will Lead the Lawsuit against Ripple XRP? SEC Enforcement Director Steps Down
Institutional-grade digital asset firm Grayscale has announced it will dissolve its XRP Trust as the United States Securities and Exchange Commission (SEC) pursues its lawsuit against Ripple—accused of selling unregistered securities. The move comes just days after Grayscale announced the liquidation of XRP positions from its from is Digital Large Cap Fund. In a press … Continue reading Grayscale Will Dissolve XRP Trust In Reaction to SEC Lawsuit Against Ripple