Ripple's ongoing legal war with the U.S. Securities and Exchange Commission (SEC) has reached a new chapter, sending ripples across the cryptocurrency market. On October 2, 2024, the SEC officially filed an appeal to challenge a pivotal ruling in the high-profile case, causing XRP, Ripple's native cryptocurrency, to plunge by 12%.

Gurbir Grewal's departure, coinciding with the Ripple appeal, has raised speculation about internal tensions and the agency's crypto strategy.

Is XRP's recent drop of over 14% linked to the SEC's latest actions in the Ripple lawsuit?

Peter Brandt, a commodity and foreign exchange trader, has triggered the XRP community with his new price prediction for the Ripple-associated coin. This comes amidst the ongoing case with the United States Securities Securities and Exchange Commission (SEC) and the recent price dip.

XRP experienced a flash crash Thursday, dropping by around 15% just hours after news broke that the U.S. Securities and Exchange Commission (SEC) filed a notice of appeal against Judge Analisa Torres' August ruling in the landmark Ripple lawsuit.

Yesterday, Wednesday, the United States Securities and Exchange Commission (SEC) formally extended the XRP lawsuit against Ripple by filing a Notice of Appeal regarding Judge Torres's ruling. Following this news, the price of XRP plunged by more than 10%.

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It appears that Ripple's native token is poised for a massive price crash as whales and institutions continue to offload their holdings. Over the past seven days, Binance, the world's largest crypto exchange, has seen a significant dump of XRP tokens by whales and institutions, according to the on-chain analytics firm CryptoQuant.

Ripple has launched its end-to-end payments solution in Brazil, partnering with Mercado Bitcoin to enhance cross-border transactions using blockchain technology.

The SEC vs. Ripple Labs lawsuit took a somewhat unexpected turn, breathing new life in the case just before an important deadline.

The U.S. Securities and Exchange Commission (SEC) is filing a notice of appeal against 2023's landmark ruling that the sales of the crypto asset XRP only qualify as securities when sold to institutional investors.

Ripple announced its expansion on October 1, highlighting the importance of DFSA's “in-principle approval.” This approval allows Ripple to deliver its “enterprise-grade” digital asset infrastructure from the DIFC.

On Wednesday, October 2, the United States Securities and Exchange Commission (SEC) took a formal step in extending the XRP lawsuit with Ripple by filing a Notice of Appeal of Judge Torres's ruling.

The Ripple SEC case has been one of the high-profile and long-running legal battles in the crypto sector. In the latest development, the US SEC has filed for a Notice of Appeal in the ongoing battle, just ahead of the deadline, indicating an extended period for the legal battle to be over.

The SEC has officially appealed its case against Ripple following a historical ruling on Aug. 7, in which Ripple was ordered to pay a $125 million civil penalty, although the regulator was asking for $2 billion. The motive is that the district court's decision goes against long-standing Supreme Court precedents and established securities laws.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The cryptocurrency market exhibits a bearish stance, with the Fear & Greed Index signaling fear at 36 as Bitcoin threatens potential declines beneath $60,000. Meanwhile, various developments attracted the attention of crypto enthusiasts as bears flexed their muscles over the past day.

Ripple has partnered with Mercado Bitcoin, the largest crypto exchange in Latin America, to enhance cross-border payments in Brazil using its end-to-end payments solution that leverages blockchain technology, per an Oct. 3 statement. Mercado Bitcoin will be the first client in Brazil to adopt Ripple's payment system to streamline treasury operations between Brazil and Portugal.

The SEC has officially submitted an appeal against Ripple to the U.S. Court of Appeals for the Second Circuit, challenging the August 7, 2024 ruling. Ripple CEO Brad Garlinghouse criticized the SEC for harming its credibility and prolonging the battle instead of protecting investors.

Crypto prices struggled as tensions escalated in the Middle East.

Cowboy Crypto, in a latest X post, has shared a little review of SEC officials who are involved in the SEC vs Ripple case. He has asked to pay attention to all the Congressmen/Congresswomen who have not said a word about this appeal of government overreach and blatant corruption.

The Bitwise XRP ETF filing has gone live on the US Securities and Exchange Commission (SEC) website. This application, which is a first of its kind, will offer institutional investors an avenue to gain exposure to XRP if approved.

Hold your horses, the battle between the Securities and Exchange Commission and Ripple isn't quite over yet.

Ripple and Mercado Bitcoin launch a new payment system in Brazil, enhancing cross-border transactions and simplifying currency exchanges. The post Ripple and Mercado Bitcoin initiate cross-border payment service in Brazil appeared first on Crypto Briefing.

Peter Brandt, one of the most highly reputed commodity traders, has predicted that the price of the Ripple-affiliated XRP cryptocurrency is going to plunge to zero against Bitcoin.

After a major setback, the blockchain payments network Ripple teamed up with Mercado Bitcoin, one of the largest cryptocurrency exchanges in Latin America to launch cross-border payment using cryptocurrency. The main objective of this significant development is to enable Brazil to utilize Ripple's end-to-end payment solution.

Most of the coins remain under sellers' pressure, according to CoinMarketCap.

Ripple has partnered with Mercado Bitcoin to introduce Ripple Payments to enhance their funding operations with Portugal.

XRP, the native token of Ripple, experienced a significant decline of over 12% on Thursday, dropping to 51 cents per coin, following the US Securities and Exchange Commission's (SEC) announcement to appeal a pivotal court ruling.

Ripple, a leading digital asset infrastructure provider, has partnered with Brazil's largest crypto exchange, Mercado Bitcoin, cracking the newest possible blockade by the US Government. The SEC, on October 2, filed a notice of appeal in the lawsuit with an aim to reverse a decision rendered by Judge Analisa Torres.

Ripple will launch crypto-based payments across Brazil. The announcement was made on the company's website on October 3rd.

Ripple has announced that its payments solution is now available in Brazil, which follows digital asset infrastructure provider's partnership with crypto exchange Mercado Bitcoin. According to a Ripple announcement on Oct.

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The U.S. Securities and Exchange Commission (SEC) ‘s 7-year-long case against Ripple could drag on after the agency filed a notice of appeal against Judge Analisa Torres' August ruling in the landmark XRP lawsuit.

While the crisis in the Middle East might be the primary reason behind the current Bitcoin (BTC) and general market slip, XRP's drawdown was compounded by the latest U.S. SEC move. The market regulator stunned the community on Oct. 2 when it filed a Notice of Appeal to contest XRP's sale status.

Blockchain firm Ripple said it's prepared to continue its legal battle against the Securities and Exchange Commission. Ripple CEO Brad Garlinghouse made the pronouncement on social platform X Wednesday evening (Oct. 2), hours after the SEC said it was appealing a ruling in its case against the company.

Web3 interoperability platform Axelar has launched the Mobius Development Stack (MDS) on its mainnet, describing it as “the first-and-only holistic interoperability platform.”

Mercado Bitcoin, one of the largest crypto exchanges in Latin America and a partner of Mastercard, is working with Ripple on crypto-enabled international payments.

The situation has started to get worrisome for XRP as selling pressure is increasing. The XRP price is also significantly down today as bears have taken control of the market.

Ripple has officially launched Ripple Payments in Brazil, partnering with Mercado Bitcoin, the largest cryptocurrency exchange in Latin America, to streamline cross-border payments. Ripple, founded in 2012, is a provider of digital asset infrastructure focused on improving financial transactions globally.

APT shines amid overall index losses, climbing 10.8%.

Ripple's latest escrow activity has once again captured attention, but it wasn't enough to shield XRP from the broader market downturn. On October 1, 2024, Ripple re-locked 800 million XRP into escrow shortly after unlocking 1 billion tokens as part of its monthly routine.

XRP, the cryptocurrency associated with Ripple Labs, is experiencing a notable decline in price today, dropping approximately 12.75% in the last 24 hours to reach a monthly low of $0.511 on October 3, 2024. Several factors contribute to this downturn, including a significant legal challenge from the U.S. Securities and Exchange Commission (SEC) and escalating geopolitical tensions in the Middle East.

Whale transactions over $1 million hit a six-month high on October 1, suggesting accumulation following XRP ETF buzz.

The XRP price has plummeted by 11% in 24 hours, with its drop to $0.5219 coming after the SEC filed a notice of appeal in its long-running legal battle with Ripple.

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Ripple has launched its payment solution in Brazil, allowing crypto exchange Mercado Bitcoin to use the tech first.