“A U.S. federal court decision has potentially reignited Ripple’s token XRP. Gemini, a leading cryptocurrency exchange, is now considering relisting Ripple’s token. The court’s move clarifies that the sale of this cryptocurrency isn’t equivalent to investment contracts, shaping future perspectives on cryptocurrencies. This verdict resulted in a 60% surge in XRP’s value.”
Search Results for: XRP-Token
Sudden Surge in XRP Value: Windfall or a Momentary Ripple in the Crypto Ocean?
“The price of XRP surged 28% in a span of 90 minutes after a New York Court ruling stated the selling of XRP on exchanges doesn’t fall under ‘investment contracts’. This led to XRP reaching high of 64.7 cents, a level not seen since May 2022. The ruling has triggered mixed reactions, introducing both a surge in demand and percolating uncertainties for the future of XRP.”
Major Financial Firms Enter Crypto Market: Boon or Bane for Decentralization and Innovation?
The crypto market experiences a long-term ripple effect as major financial firms like BlackRock, Invesco, Fidelity Investments, WisdomTree, and Valkyrie Funds enter the digital assets market. Skeptics worry their involvement could increase regulation, potentially hindering innovation and the decentralized spirit valued in the crypto community.
Massive XRP Unlock: Ripple’s Expanding Ecosystem or Market Manipulation Risk?
A staggering 500 million XRP, equivalent to $234.8 million, were unlocked from escrow today, causing […]