This comes days after the court ruled over the filed petition of Ryan over Ripple Labs Inc. on August 10th 2018. Edward Snowden’s Charity Auction of ‘Stay Free’ NFT Sold for Nearly $5.5 Million, It’s Time for Ethereum: Two Ether ETF Approved by Canadian Securities Regulators, Band Protocol Integrated on Google Cloud to Enhance Financial Time Series Analysis, Miami-Dade County Task Force Is Looking at Ways for Residence to Pay Taxes Using Crypto. But, Garlinghouse’s March 9 statement reveals that Ripple has ended the lawsuit against YouTube for the social media company’s alleged complicity in a spate of phony XRP giveaway scams. The height is 0.27 which puts the pair en route to $0.8 in the upcoming sessions. The cryptocurrency space was hit with a bombshell on December 21 st when news broke that the SEC would be suing Ripple, the company behind XRP. This means that every time you visit this website you will need to enable or disable cookies again. Keeping this cookie enabled helps us to improve our website. A growing list of crypto platforms are rescinding support for XRP as Ripple prepares for a legal battle with the U.S. Securities and Exchange Commission (SEC). In 2019, MoneyGram announced a partnership with Ripple to use its digital asset, XRP, to expand Money Gram’scross-border payment process. We are writing to update our community that per the SEC's newly filed lawsuit … Representing the plaintiff in question was James Taylor-Copeland as their counsel, while the defendants were represented by their respective counsel, Peter Morrison. XRP Coin Investor Lawsuit Update: Case Dropped Against Ripple Labs, Inc. to Get Trending Crypto News & Bitcoin Market Updates, E-mail is already registered on the site. October 4, 2020 Delia Ripple 0. Indeed, Ripple is a survivor even though they still have two more lawsuits to worry about. XRP forms a bull flag now with the traders interpreting it as a bullish continuation pattern which occurs a short pause following the sharp price move higher. Boston-based cryptocurrency money manager Sarson Funds has dropped XRP from all of its products, according to a recently posted investment update.. This website uses cookies so that we can provide you with the best user experience possible. 26 crypto exchanges so far have dropped support for XRP after the SEC lawsuit which we reported about in our Ripple news before. While XRP did fall from $0.56 to $0.18 in the days after the SEC’s filing, the cryptocurrency’s price hit $0.61 over the weekend, about where the price was before the lawsuit hit. Plaintiff has not been offered and is not receiving any consideration for dismissing the Action.”. The XRP/USD pair dropped to $0.44 and the move downwards took cues from the latest two … Earlier this week, Ryan voluntarily dropped the case against Ripple Labs, Inc. for reasons unknown as the case was dismissed by the U.S. District Court of California. If you disable this cookie, we will not be able to save your preferences. However, the price of XRP remains in a downward spiral despite the encouraging news on its affiliate parent firm. In spite of the ongoing lawsuit between Ripple and the SEC, the price of XRP … Ripple Lawsuit: Fraud allegations dropped, Brad Garlinghouse still not out of the woods Published by leonidas on October 3, 2020 October 3, 2020 The blockchain and crypto industry has been eagerly watching the lawsuits against Ripple, claiming the company and its executives sold unregistered securities (XRP) and committed fraud. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. XRP/USD should technically try to break above the Flag’s upper trendline in order to continue the uptrend. #bitcoin. The XRP/USD pair dropped to $0.44 and the move downwards took cues from the latest two fundamentals. Required fields are marked *. At least one digital-asset trading platform has moved to delist XRP … Since then, the price of XRP (on Bexplus) has dropped more than 65%. The U.S. District Court for the Northern District of California has ruled to dismiss two fraud allegations against Ripple, but gives the green light to proceed on the suit regarding Ripple’s violations of the California Corporations Code.. Source Santiment. The reports that Ryan Coffery, the plaintiff, had taken back the filed lawsuit against Ripple Labs, Inc. will come as win to the Ripple community and investors as well. The final statement from the court read, “Having read the papers filed by the parties and carefully considered their arguments and the relevant legal authority, and good cause appearing, the court hereby DENIES plaintiff’s motion.”. This dropped to below 7 th place after the case.. Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates, Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects. The price of XRP plunged again Wednesday after the U.S. Securities and Exchange Commission filed a lawsuit alleging that Ripple, a blockchain company … Ripple Success: Two Fraud Allegations Dropped; XRP Lawsuit Continues. Bitcoin Exchange Guide is a hyperactive hybrid of heavy-handed cryptocurrency content curation creators from christened community contributors who focus on delivering today's bitcoin news, crypto-asset user guides, and latest blockchain updates. Your email address will not be published. Contact us, we are human too. The SEC filed a lawsuit for a total of $ 1.3 billion, and many cryptocurrency exchanges subsequently delisted or stopped trading XRP. Update: First Lawsuit Against Ripple (XRP) Dropped. The U.S. District Court for the Northern District of California has ruled to dismiss two fraud allegations against Ripple, but gives the green light to proceed on the suit regarding Ripple’s violations of the California Corporations Code. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Fresh reports suggest that the U.S. Securities and Exchange Commission (SEC) is looking to slap a massive lawsuit on Ripple. And no matter how small or big the case seems, Ripple Labs, Inc. will appreciate the verdict compared to a different outcome of the verdict. E-mail is already registered on the site. The growing list of crypto platforms that are stopping their support for XRP seems to expand even further. XRP scams lawsuit with YouTube is dropped by Ripple...YouTube ignored warnings about XRP giveaway scams...There is a lot of Crypto Scams on Social Media News Rating & Review We are using cookies to give you the best experience on our website. (It’s currently $0.51) Of course, XRP was on fire before the lawsuit dropped, and since then has fallen to the No. The plaintiff (Ryan) further demanded compensation for the losses faced in his investments in XRP and damages from the investment. P. 41(a)(1)(A)(i), named-plaintiff Ryan Coffey (“plaintiff”), by and through his counsel, voluntarily dismisses without prejudice the above-captioned action (the “Action”). If another move like this happens, the pair could grow by about the same height of the flagpole that formed before the flag itself. On August 1st 2018, Ryan filed a remand on the defendant. Remittance giant MoneyGram is walking a tightrope after investors lashed out and filed a class-action lawsuit accusing the firm of making false statements about its use of the digital asset XRP.. Update: The XRP Investor Drops The Lawsuit Case against Ripple Labs, Inc. Ripple Inc. has survived yet another lawsuit. Many cryptocurrency exchanges, such as Coinbase and Kraken, are involved in this move. ADVERTISEMENT Ripple’s XRP dropped on the lawsuit news by 13% during the early European Session as we reported previously in the Ripple XRP price news. The traders saw this as their cue to dump their XRP holdings while correcting lower from the year to date top of $0.79, as the analytics company Santiment wrote: “As news broke about Ripple expecting to be sued by the SEC, social volume for XRP understandably exploded for crypto‘s #3 market cap asset. This notice of dismissal is being filed with the Court before service by Defendant of either an answer or a motion for summary judgment. 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