The SEC alleges that Ripple executives misled investors and manipulated the XRP coin price by creating an “information vacuum.”
Founded in 2012 as OpenCoin, Ripple Labs is the software company developing the XRP cryptocurrency and distributed ledger technology alongside a suite of payment protocols for streamlined cross-border settlement for financial institutions.
XRP functions as the bridge currency underlying Ripple’s liquidity and exchange product, xRapid, which provides financial institutions a medium for global value transfer between various fiat currencies.
XRP Ledger is the open-source DLT that provides cryptographically secure, verifiable settlement of the XRP currency. XRP Ledger is not part of Ripple’s suite of proprietary software products, as it is accessible and open to all.
At Cointelegraph, we are chronicling the progress of Ripple Labs (and XRP) as it competes with cryptocurrency protocols and traditional fintech platforms alike.
What started with the unexpected closure of an investment platform may have ramifications for U.S. DeFi projects say critics.11019
Another exchange has chosen to steer clear of XRP while the SEC's pursuit of Ripple Labs continues.40028
Both parties are currently not considering terms for a pretrial settlement.49087
A second usurping of XRP by Polkadot leaves it perilously close to exiting the top five cryptocurrencies by market cap.28607
DeFi tokens take center stage as top lending protocols AAVE, Maker and Compound establish new all-time highs.24117
After launching its crypto lending service in late 2020, SBI has now added support for XRP.17638
Bitcoin price is trading in a tight range, which is allowing multiple altcoins to push higher.71919
These key metrics show there's more to the recent Dogecoin and XRP pumps than just short-seller liquidations.45237
The latest target of Reddit traders provides plenty of volatility — and losses — as XRP sees a burst of volatility on Monday.59779
XRP price rallied 86% as members of a Reddit-based investing group shifted their focus from Dogecoin.186631
Ripple has filed a Freedom of Information Act request with the SEC which targets documents pertaining to Ethereum co-founders37893
Bitcoin’s surprise rally to $38,500 lifted sentiment across the market but the temporary boost appears to be losing steam.50876
Despite filing fees of more than $400, a Ripple investor has launched legal action over a $48 loss. What's going on?24080
Bitcoin's dip below $30,000 triggered a sell-off in altcoins and dip-buying traders might not have enough momentum to cause a relief rally.41356