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The U.S. Securities and Exchange Commission (SEC) and Ripple have agreed to a “dismissal with prejudice,” potentially averting an upcoming trial. The U.S. Securities and Exchange Commission (SEC) has informed the U.S. District Court for the Southern District of New York that the parties in its ongoing case against Ripple have agreed upon a “dismissal with prejudice.” This implies that there will be no need for the previously scheduled trial. However, the announcement does not mean that the SEC’s civil case against Ripple, initiated in 2020, has been dropped altogether. The exact nature and outcome of this dismissal remain to be seen. Both parties will discuss the appropriate remedies for Ripple’s alleged Section 5 violations regarding its Institutional Sales of XRP. They have until Nov. 9, 2023, to agree upon a briefing schedule, or they will seek a plan from the court. Today was an even better day. Ripple: 3 SEC: 0 In all seriousness, Chris and...

Blockchain startup Ripple covered the losses of Fortress Trust clients as part of its purchase agreement. Fortress said the losses were caused by a “third-party vendor whose cloud tools were compromised”, according to The Block. “Luckily, Ripple was in a position to act quickly to step in and make customers whole, and there have been no breaches to Fortress technology or systems. Fortress notified customers immediately of the incident when it happened — as they mentioned in their tweets.” A spokesperson for Ripple However, the amount of assets lost due to the security incident was not specified. According to a Ripple spokesperson, the firm cannot comment on specific wallets or clients. Now Ripple plans to continue investing in Fortress and its FortressPay services, which will now use Ripple’s payment technology. Crypto.news contacted Ripple for comment but has not yet received any statement yet. You might also like: Legal specialist gives new insight ...

In a recent significant development, a US judge handed down a ruling that determined Ripple ’s XRP should not be classified as a security, bringing an end to the legal dispute between XRP and the SEC. As a result of this pivotal decision, the price of XRP experienced a remarkable surge in the market. The victory was considered monumental for Ripple , as the prolonged lawsuit came to an end. XRP’s price has not been quite as high as compared to other altcoins. XRP is trading at $0.533177, with a 1.9% spike in value over the past 24 hours. XRP is down by 15.2% over the last 7 days and 31% in the last 30 days. Here is our Price Prediction for Ripple XRP for August end. Ripple price prediction for August end 2023 Cryptocurrency experts at Changelly have given their Price Prediction of Ripple XRP for August end. According to the analysts, XRP is forecast to reach a minimum of $0.505 and a maximum of $0.696. The average price of XRP is expected to be $0.601. Also read:...

Also Read: Ripple CEO Alleges SEC Chair Incorrectly Labels Tokens As Securities advertisement Judge Torres To address Overreach In XRP Lawsuit? Attorney John Deaton, Amicus curiae in the US SEC vs Ripple lawsuit mentioned that there are several instances of corrupt judges and political affiliations in history. However, this might not be the situation in the XRP lawsuit as he knows how District Judge Analisa Torres got selected. He added that she was less political than most of the federal judge. XRP holders’ lawyer hinted that government overreach and the commission’s conduct might offend the judge to a certain point that she decides to comment on it. Despite the motives involved by former SEC director Hinmans and the US SEC, Judge Torres is expected to apply the law the way she sees it. Misconduct In Ripple Case? It is important to note that there is no such motion presented to throw out the XRP lawsuit due to mis conduct . There are many...

Also Read: Ripple Counsel Withdraws From Case; US SEC To Gain Upper Hand? advertisement Hinman Docs Is The Key In Ripple Lawsuit? Speaking at the event, Ripple CEO stated that in terms of where things stand today in the legal battle against the US SEC, he is confident of receiving a judgment this year. He added this might happen in weeks and not even months. Garlinghouse highlighted the recent court ruling where the judge declined the US SEC’s motion to redact certain information from the infamous Hinman Ethereum Speech. As Coingape reported, the court believes that the speech memos are Judicial documents and should go in public. However, the global crypto industry will have to wait to gain access to the Hinman speech docs as U.S. SEC and Ripple in a joint request asked the court for one week extension. The controversial speech linked memos are expected to be released on June 13th, 2023. Read More XRP News Here… Recom...

Deaton believes Hinman’s docs will be made public despite recent settlement rumors.  CryptoLaw founder attorney John E. Deaton has joined XRP community members to comment on the joint request filed by the SEC and Ripple regarding the filing of public, redacted versions of summary judgment materials and accompanying exhibits, including the drafts of William Hinman’s 2018 speech.  For context, the parties  filed a joint letter yesterday asking for a one-week extension to enable them to file public, redacted versions of the cross-motion for summary judgment and other exhibits like Hinman’s documents.  Although the request covers the cross-motion for summary judgment, XRP community members were more concerned about the drafts of Hinman’s speech.  Defense lawyer and former federal prosecutor James K. Filan previously  disclosed  that Hinman’s docs would be released publicly on June 6, 2023. However, the request for an extension has now shifted the deadline to June 13, 2023...

Also Read: Why Didn’t Ripple Register XRP With US SEC? Brad Garlinghouse Replies advertisement XRP Price Set To Dump? As per the data, Around 140 million XRP (approx worth $60 million) have been moved by the crypto whales in multiple transactions over the last 24 hours. However, the biggest transaction recorded by the tracker has been of moving 50 million XRP tokens. A wallet address named Ripple moved $21.4 million worth of XRP to an unknown wallet. The tracker caught whales dumping 89 million XRP tokens (approx worth $38 million) in multiple transactions over the past 24 hours. The biggest dump transaction recorded has been of moving 31 million XRP tokens (approx worth $13.1 million) to Bitstamp crypto exchange. However, 59 million XRP tokens (approx worth $25 million) have been moved to the exchange in order dump. Read More XRP News Here… Also Read: Is XRP Lawsuit Ruling Key For Coinbase Against US SEC? Trending ...

The Securities and Exchange Commission [SEC] and Ripple ’s dispute have gone through several stages. The cryptocurrency community is speculating about the case’s outcome as it approaches its conclusion. The case has been ongoing for more than two years, and the conflict seems interminable. The ongoing legal dispute also had an impact on XRP’s price and discouraged retail investors. XRP’s price has not been quite as high as compared to other altcoins. XRP is trading at $0.3785 with a 3.35% drop in value over the past 24 hours. Also read: Shiba Inu: Burn Rate Drops as Prices Plummet XRP is down by 8.4% over the last 30 days and is 90% down from its all-time high of $3.84. Here is our Price Prediction for Ripple for March 2023. Source: CoinMarketCap Ripple price prediction for March 2023 Cryptocurrency experts at Changelly predicted the price of Ripple for March 2023. According to the analysts, XRP is forecast to reach a minimum of $0.39996 and a maximum of $0.43995...

Security vs. not a security has always been an ongoing debate in the crypto ecosystem. With the multi-billion dollar crypto market growing, investors have been waiting on how various financial regulatory agencies will regulate it. In fact, at the heart of SEC’s lawsuit against Ripple, the matter of dispute remains to be the same. The agency filed a lawsuit against the blockchain payments firm back in December 2020. They argued that its native XRP tokens fell under the “ security ” category and not the “currency” category. On Tuesday, Gene Hoffman, the CCO of blockchain project Chia took to Twitter to state that PoW assets like Bitcoin, Litecoin, and Dogecoin are not sec urities, while the likes of Ethereum, XRP, Solana , and Cardano are. he explicitly tweeted, “BTC, LTC, DOGE, XCH not securities. ETH, XRP, FTT, SOL, AVAX, ADA always have been.” In fact, a couple of days back, when Ethereum founder Vitalik Buterin opined on what he...

XRP had a brief rally on Sunday after jumping from $0.37 to $0.39 but failed to breach its resistance levels of $0.40. The crypto is retracting in price on Monday despite experiencing a brief rally last week falling back to $0.37. XRP is mostly trading sideways in December to the days leading up to the final stages of the Ripple Vs SEC lawsuit. If the case goes in favor of Ripple , XRP could get a boost in the indices and breach $0.50 in no time. However, it is unconfirmed that the final judgment will be passed this month making XRP remain on the back foot. Also Read: Shiba Inu: AI Predicts SHIB Price For December 31, 2022 Source: Coingecko.com Will XRP Beach $0.50 in December? Source: Pixabay A string of events is holding XRP back despite performing better than leading cryptos in the last 30 days. The three most important things that are keeping XRP from rallying are: High inflation Ripple Vs SEC Whale movements Also Read: Jim Cramer Advises Investors to Sell their Cr...