#1 Source for BlockChain News

Category archive

Ripple lawsuit

Ripple Lawsuit | Ripple Labs Hit with Yet Another Lawsuit

Ripple is no stranger to being slapped with lawsuits. Based on yesterday’s announcement, it appears a fourth Ripple lawsuit is underway as well.

Why? And is the coin suffering on the market because of it?

Ripple Lawsuit #4

On Wednesday, Rosen Law Firm announced that it is investigating Ripple Labs.

Similar to the other lawsuits, the New York-based firm announced that it is looking into whether Ripple violated federal securities laws, specifically in connection with its sale of XRP coins.

Moreover, Rosen Law Firm disclosed that it is preparing a class action lawsuit, one that will recover the losses suffered by those who bought XRP tokens.

What Does Ripple Have to Say?

So far, no one from Ripple Labs has commented on the latest Ripple lawsuit from Rosen Law Firm.

However, CEO Brad Garlinghouse has made it clear—multiple times, in fact—that XRP is different from Ripple, the company. He even said a few months ago that if Ripple Labs were to shut down, the XRP ledger would still be operating. Knowing that, some may wonder about the grounds of these investigations.

Ripple Price Today

Despite the coin being in the green Thursday, some are claiming that XRP is en-route to experience more declines.

At press time, XRP is selling for $0.342692, which puts the coin up 1.49% in the past twenty-four hours.

Ripple lawsuit
Source: CoinMarketCap

XRP Lawsuits: A Summer Timeline

  • May 5th: Taylor-Copeland law files a class action suit against Ripple Labs;
  • June 5th: Robbins Arroyo files a class action suit against Ripple Labs;
  • June 11th: Vladi Zakinov files a suit against Ripple Labs and CEO Brad Garlinghouse.

The Takeaway

What do you think of the latest XRP lawsuit? Do you think Ripple Labs violated federal securities laws? Or, do you agree with Garlinghouse? That Ripple, the company, and XRP are not connected? Thus there is no need to file a suit against the company?

>> Crypto Daily News: Microsoft Runs Ethereum Tech and OKEx Bitcoin Futures Trouble

Featured Image: Twitter

If You Liked This Article Click To Share

http://platform.twitter.com/widgets.js
!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Independent Reserve Trades Ripple | XRP Support Added

Independent Reserve trades Ripple: Cryptocurrencies elicit positive and negative reactions. Investors love them for their innovation and ability to make cash quickly. Without crypto exchanges supporting their growth, however, certain currencies would have gone under, mostly due to suspicion and speculation.

Take Ripple (XRP), for instance. Over time, XRP has become a fan favorite, and yet, large institutions remain skeptical (i.e., Coinbase and the SEC).

All but one, that is. Alone among these institutions, Sydney-based crypto exchange Independent Reserve is a clear exception.

Independent Reserve Trades Ripple

On Wednesday, in the wake of the latest Ripple lawsuit, word surfaced that Independent Reserve will add support for XRP later this week.

This is big for two reasons. First, XRP has been denied support from certain crypto exchanges, due to it being unclear whether the coin is a security or not.

Second, Independent Reserve is Australia’s very first regulated crypto exchange. By supporting XRP, the third-largest currency by market cap, Independent Reserve is likely going to see a few benefits.

Ripple Trading Details

Independent Reserve first published the news yesterday, but it didn’t really attract attention until Wednesday morning.

In the post, the Australian crypto exchange noted the following details:

– Independent Reserve will enable support for Ripple (XRP) on Saturday, July 7th.

– Retail investors will be able to trade via its exchange

– Institutional clients will be able to trade through over-the-counter-trading

Ripple Stock Price: XRP Daily Chart

So, did the Ripple trading news have an impact on XRP? Or was it the news of the latest Ripple lawsuit that took precedence?

Well, it looks like the former won this battle.

At press time, Ripple (XRP) is selling for $0.49. This means the coin is up 0.01% in the past twenty-four hours. It’s very likely this could change as the trading day progresses.

Independent Reserve trades Ripple
Source: CoinMarketCap

The Takeaway

How do you feel about Ripple trading on Independent Reserve?

Let us know in the comments below.

>> The European Union is Urging Regulators Not to Ban Cryptocurrencies

Featured Image: Twitter

If You Liked This Article Click To Share

http://platform.twitter.com/widgets.js
!function(f,b,e,v,n,t,s)if(f.fbq)return;n=f.fbq=function()n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments);if(!f._fbq)f._fbq=n;
n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)(window,
document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘894368744004449’);
fbq(‘init’, ‘447469122301599’);
fbq(‘init’, ‘1763072463990516’);
fbq(‘track’, ‘PageView’);

(function(d, s, id)
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “http://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.6”;
fjs.parentNode.insertBefore(js, fjs);
(document, ‘script’, ‘facebook-jssdk’));

Go to Top
%d bloggers like this: