Ripple Labs has made a significant move by buying back $285 million worth of shares from early investors and employees, as per two informed sources who spoke to Reuters. This strategic investment, which is a tender offer, has set the company’s valuation at a staggering $11.3 billion. Crunchbase’s data reveals that since 2015, Ripple has
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The US Securities and Exchange Commission (SEC) is in a delicate position following a “compromising” event involving its X (formerly Twitter) account, which has Ripple executives demanding answers. The account posted a false announcement stating that all spot Bitcoin ETF applications had been approved by the regulatory body, escalating concerns and demands for transparency. Ripple
Ethereum, the second-largest crypto by market capitalization, is currently exhibiting signs of a bullish breakout, as observed by two prominent analysts in the crypto space. According to World Of Charts, Ethereum shows consolidation within a bullish pennant pattern. This technical formation typically suggests continuing an upward trend in Ethereum’s case. According to the analyst, if
Ripple CEO Brad Garlinghouse unleashed a deepfake-fueled volley across the digital landscape this week, aiming his sights at social media platforms and regulators for their sluggish response to a surge in sophisticated XRP-linked scams. The company’s ire stems from a recent deepfake video featuring an unnervingly realistic AI-imposter Garlinghouse promising airdrops and doubling investors’ XRP
Ethereum (ETH) is currently at a crossroads that could define its trajectory in the coming weeks. Renowned crypto analyst Michaël van de Poppe has shared a notably bullish perspective, highlighting Ethereum’s approach to its 2022 low as a potential springboard for a breakout. In his analysis, Van de Poppe underscores the importance of Ethereum’s current
Despite ETHBTC trending lower in favor of Bitcoin (BTC), there is a chance that the second most valuable cryptocurrency will recover in the months ahead. Taking to X in support of Ethereum (ETH), a crypto analyst, Mckenna, said a favorable combination of protocol-related and regulatory factors may support ETH, plugging the bleed versus BTC and sparking
Pro-XRP legal expert Fred Rispoli has commented on how things have been too quiet in the long-running legal battle between the Securities and Exchange Commission (SEC) and Ripple. He also offered his thoughts on why that may be so and the possible outcomes in the case as an end draws closer. All Seems Calm As
Ripple Labs has joined the Digital Euro Conference 2024 (#DEC24) as a gold sponsor, according to an announcement via X (formerly Twitter) by the Digital Euro Association (DEA). The DEA expressed enthusiasm for Ripple’s involvement, stating, “We are happy to have Ripple on board as a gold sponsor for the Digital Euro Conference (#DEC24)! Join
Ripple CEO Brad Garlinghouse has shown support for pro-XRP lawyer John Deaton, who could well be running for a political post soon enough. This comes as there have been calls from members of the XRP community urging the legal expert to run for a particular senatorial seat. Garlinghouse In Support Of Deaton Running For Office
So far, Ethereum appears to be showing signs of an impending bullish run, according to Crypto Tony, a renowned analyst in the crypto space. Crypto Tony suggests that Ethereum’s journey to bullish momentum could commence if it successfully maintains its position above the crucial level of $2,130. Fortunately, the asset trades above this price level
January 11 has been set as the day for the court hearing in the case between Ripple and a class of XRP investors in what has been a long-running legal battle. The outcome of the case is of huge significance as another precedent could be laid for the crypto industry and its stakeholders. Why This
Celsius Network, the bankrupt cryptocurrency lending company, is gearing up to unstake approximately $465 million worth of Ethereum (ETH) as part of its efforts to compensate creditors. This development follows the company’s bankruptcy filing in July 2022, leaving creditors in a prolonged 18-month wait for financial recompense. Celsius’s decision to unstake a substantial amount of
The total value locked (TVL) on Ethereum layer-2 networks recently hit a new all-time high in January, a testament to the continued adoption of Ethereum. Layer 2 networks sit on top of the Ethereum blockchain and help scale it by processing transactions off-chain before sending data back to the main blockchain. According to data from
The ongoing legal battle between Ripple Labs Inc. and a group of XRP investors led by Vladi Zakinov is set to reach a pivotal moment on January 11, 2024, as both parties prepare for a significant court hearing. This date, highlighted by the XRP community and closely monitored by the cryptocurrency sector, marks a crucial
On-chain data shows the largest of the Ethereum whales have continued to buy more recently as their supply sets another new all-time high. Largest Ethereum Wallets Have Been Rapidly Accumulating According to data from the on-chain analytics firm Santiment, the largest non-exchange Ethereum wallets have continued to show some rapid accumulation recently. The relevant indicator
In a move to redefine international financial transactions in the IT services sector, Ripple has set its sights on the burgeoning $1.5 trillion industry. In its latest publication, “Accelerating Global Payments for Your IT Services Business,” the company explains how Ripple Payments can revolutionize the way IT service providers handle cross-border payments. Outdated Global Payment
An analyst has explained that $3,830 and $5,100 could be the next major targets for Ethereum based on an on-chain pricing model. Ethereum MVRV Pricing Bands Have Next Targets At $3,830 And $5,100 In a new post on X, analyst Ali talked about the next key targets for Ethereum based on the “MVRV Pricing Bands.”
An analyst has explained that Ethereum could be set to see a further rally based on on-chain data. Here’s the level ETH may end up surpassing. Ethereum Has No Significant On-Chain Resistance Ahead In a new post on X, analyst Ali has discussed how Ethereum’s support and resistance levels are looking like based on on-chain
Leading crypto solutions provider, Ripple has provided insights into the potential end date for its XRP unlocks, shedding light on the company’s XRP escrow releases in the coming months. XRP Escrow Release Timeline Global crypto payments provider Ripple has recently released its 2023 XRP Markets Q3 report. According to the report, the XRP tokens that
Despite concerns over network congestion and high gas fees, Ethereum remains bullish in the long term, according to borovik.eth–a partner at Rollbit, who posted on X on December 26. The key factors driving the positive outlook are pointing to Ethereum’s developer ecosystem, its role in the broader blockchain ecosystem, and the launch of numerous Layer-2 solutions
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