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0.4547+0.0078 (+1.74%)
As of 04:09AM UTC. Market open.

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  • D
    D J D
    Stock market tanked, bitcoin and crypto market down, xrp and xlm up. Decoupled from everything else.
  • E
    A U.S. District Judge has rejected the Securities and Exchange Commission's (SEC) attempts to shield documents related to a 2018 speech on cryptocurrencies from former Division of Corporation Finance Director Bill Hinman in its ongoing case with blockchain firm Ripple.

    The commission had appealed a prior judge's decision for it to hand over the materials as part of its legal case with the crypto payments company.

    The two have been locked in a legal battle since the SEC brought its case against Ripple in 2020, alleging the sale of its XRP token constituted an unregistered securities offering. Since then, much of the case has centered on internal documents relating to Hinman's speech, which sought to create regulatory wiggle room for some digital tokens to be exempted from securities registrations.

    Ripple has continued to request the emails and memos related to the speech, and Magistrate Judge Sarah Netburn has repeatedly sided with Ripple, denying the SEC's requests for reconsideration in February and April. In July, the SEC once again objected, kicking the issue to District Judge Analisa Torres. Torres overruled the objection today, directing the SEC to comply with the orders and produce the documents.
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    The SEC has sought to avoid handing over internal communications on the speech in the discovery process, employing what Netburn characterized as conflicting arguments. Initially, the SEC claimed Hinman's speech consisted of personal views on crypto rather than agency-wide policy. Later, it attempted to shield the documents by claiming they were part of his SEC duties and therefore protected under a statute that provides privacy for internal deliberations for crafting policy or reaching decisions.

    In the previous opinion on the matter, Netburn said the SEC was attempting to have it both ways, saying the conflicting arguments suggested "that the SEC is adopting its litigation to further its desired goal, and not out of a faithful allegiance to the law."
  • D
    Judge overrules and orders SEC to turn over Hinman documents in the #Ripple case.
  • A
    Don’t sell ! Know what you hold!
  • D
    Drop Bear
  • D
    Drop Bear
    Test of $0.60 before the end of this weekend.
  • A
    Can’t waiting for this case to end!
  • A
    Is XRP traded on Binance?
  • A
  • N
    No way those Hinman emails see the light of day. I smell a settlement coming soon.
  • J
    hey bashers.. sit down, this is just getting started.. 🤔😁
  • r
    I don't think you understand the quote, what they mean is that if they bought every bitcoin for a quarter and then did nothing with them for 10 years, they would likely struggle to re-sell them for anything. Bitcoins value is derived from peoples minds, if no one is using it, it will not increase in value over time. Their is zero intrinsic value to it, and it is not a productive asset. If you asked them would you buy 1Million bitcoin for a quarter, they would say yes.
  • E
    Judge Torres Modifies Joint Proposed Calendar to End Ripple vs. SEC Lawsuit Before Christmas

    SEC Vs. Ripple Case to End this Year
    Attorney James K. Filan, a former U.S. prosecutor, shared a “pleasant surprise” in response to the Joint Schedule order letter written by the SEC and Ripple.

    While it looked certain that the lawsuit was destined to drag on into 2023, Judge Torres has ruled that motions for the judgement summary must be fully briefed by November 15th, 2022.

    Responding to the news, Jeremy Hogan, a Hogan & Hogan law firm partner, opined that Judge Torres “wants the Ripple v. SEC case over before Christmas.”
  • B
    Added this afternoon. Timed that one perfect
  • E
    Tokens worth around $130.2 million in XRP, almost 270M XRP have been transmitted from several cryptocurrency exchanges to many unknown addresses in the past 24 hours, according to data from Whale Alert. The largest ever buy was on the Bitso crypto market for 54.1 million XRP. Approximately $27.5 million worth of XRP coins were purchased by Whale all at once.
  • C
    This coin is best for long term hold, only way I’m selling short term is if we get above 4.50$
  • E
    Former Ripple Executive to Head Australian CBDC Trial

    On Monday, the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre (DFCRC) unveiled the pilot project’s (eAUD) white paper for the central bank digital currency. Coincidentally, Dilip Rao, a former executive of Ripple, is now in charge of the CBDC trial.

    Just as the summary judgement in SEC v. Ripple draws closer, the XRP price saw a tremendous spike. Within a week, the price surged by more than 40 percent, fueled by a daily trading volume increase of more than $6 billion.

    A white paper titled “Australian CBDC Pilot for Digital Finance Innovation” was published on September 26 by the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC).

    XRPL Use Cases Likely
    The RBA and DFCRC will test the eAUD CBDC in order to learn more about its potential uses and the technical, legal, and regulatory framework that surrounds it. Participants may also ask to put their use case to the test in the pilot project and show its usefulness.

    On December 31st, at least 12 use cases will be chosen for further investigation as per the DFCRC. It is expected that all participants in the use cases would be properly licensed and registered. In addition, use case pilots will start on January 1 with a final report due on June 30 of next year. It’s important to note that participants are responsible for paying their own way during the pilot.

    Interestingly, Dilip Rao, a former executive of Ripple, is now the programme director of the CBDC initiative and is overseeing the pilot research. From 2014 to 2019, Rao helped pave the way for the financial sector to embrace Ripple’s XRPL. The eAUD will be built on a permissioned, private Ethereum network, although XRPL use cases are more likely.
  • D
    XRP soars 23% opening at 0.69
  • D
    Drop Bear
    Are you in .... Ripplers ??
  • G
    GEGR  Pink Diamond 14 Co's
    Are YOU LOADING UP on the red XRP.... To EARN GREEN $$.. Future GAIN$...>>> $$$.. ??