XRP, the seventh largest cryptocurrency by market capitalization, has seen an increase in trading volumes, skyrocketing by 58% in the last 24 hours. This spike coincides with a broader sell-off in the cryptocurrency market, which saw a staggering $377 million in liquidations.
Tether (USDT) has recently experienced sustained capital inflows, with the stablecoin hitting historic market cap levels. While such a trend is historically positive for the crypto market, analysis suggests that this momentum may not be ideal for Bitcoin (BTC).
As Tether faces renewed regulatory scrutiny, Bitcoin's future is hanging in the balance.
Bitcoin and other major cryptocurrencies encountered sharp price swings following a controversial report on Tether, which occurred amid escalating tensions in the Middle East.
XRP has recently witnessed a surge in blockchain activity, marked by a significant rise in the number of active sending addresses, according to latest data. This increase in active addresses comes amid the asset's continuous struggle to register any significant rally in price.
XRP price has crashed nearly 27% since forming a local top on September 29, 2024, at $0.664. With crypto markets sliding lower due to the Tether FUD and escalation of the Israel-Iran conflict, Ripple will also continue its descent.
XRP may soon join that list if it can replicate the stunning performance of Binance Coin (BNB) from 2020 to 2021. As the market undergoes a bullish phase, XRP, once hindered by legal challenges, now stands poised for a potential rebound.
Bitcoin dipped to $65,521 from a high of $68,722, reflecting a 5% loss influenced by Tether's scrutiny. Currently, Bitcoin has bounced back to $67K amid ongoing volatility.
Bitcoin (BTC) maintains its position above $67,000 despite a brief dip to the $65,000 range in the past 24 hours and is currently trading in the $67,000 level. Major altcoins such as Ethereum, Solana, and Ripple have experienced declines over the past 24 hours.
The crypto giant Ripple is intensifying its legal battle against the SEC by filing an appeal that could redefine the regulation of digital assets in the United States. This new phase of the conflict comes as the company challenges the classification of some of its XRP sales as unregistered securities.
US district court judge issued orders on multiple motions in the In re Ripple Labs Inc Litigation. The orders present further clarity in the lawsuit as plaintiffs alleged securities law violations by payment firm Ripple Labs.
Ripple has submitted its civil appeal pre-argument statement, commonly referred to as Form C.
Tether's CEO, Paolo Ardoino, refuted claims by the Wall Street Journal that US federal authorities are investigating the company for potential money laundering.
Tether, the largest stablecoin by market cap, is under investigation by federal prosecutors in Manhattan for potential money laundering and sanction violations. Tether denounced the report as unverified speculation. However, the crypto market data indicates that rumors regarding the probe against the stablecoin have heavily impacted the entire crypto market.
Cryptocurrencies declined after the WSJ Tether report announced investigations against the company due to its ties to sanctioned individuals.
Crypto rout sends XRP below $0.50. Ripple's cross-appeal fuels legal debate as SEC delays draw investor criticism.
The broader crypto market crashed with the Bitcoin (BTC) price dropping 2% taking a dip to the support levels of $65,500 again. Following Israel's attack on Iran's military targets, the altcoins are seeing even greater pullback with Ethereum, BNB, SOL, and XRP falling by 3-6% each.
Ripple CEO Brad Garlinghouse believes that there will be advancements in cryptocurrency regulation following the U.S. presidential election. Speaking at the Crypto Investor Day, Garlinghouse addressed a cross-appeal filed last night that seeks clarification on whether an investment contract under the Securities Act must be explicitly defined.
This inquiry is being spearheaded by the US Attorney's office in Manhattan. Tether is being investigated by the US Treasury Department for possible sanctions.
Tether investigation by U.S. authorities, including the DOJ and Treasury, is underway into USDT transactions used by sanctioned groups like Hamas and Russian arms dealers.
Cryptocurrency company Tether condemned a report from The Wall Street Journal (WSJ) posted Friday (Oct. 25) that said federal agencies are investigating the company for possible violations of sanctions and anti-money laundering (AML) rules. The WSJ report cited unnamed sources.
Ripple has filed a cross-appeal against the SEC, with its legal chief insisting that XRP's non-security status remains untouchable due to strict court review limits.
Ripple Labs is at a pivotal juncture as it continues to battle the U.S. Securities and Exchange Commission (SEC) over the status of its cryptocurrency, XRP. The case has garnered significant attention not only due to its implications for Ripple but also for the broader cryptocurrency market, as it could influence regulatory practices moving forward.
A potential golden cross, which has historically signaled large price increases for assets, is what Shiba Inu is slowly approaching right now. The golden cross formation has been progressively approaching reality as SHIB has been gaining momentum in recent weeks.
Recent claims have circulated suggesting that the SEC is bound by Local Rule (L.R.) 25.1 to submit a Form D and pay a docketing fee of $505 within 14 days of initiating their civil appeal.
The cryptocurrency market is experiencing heightened pressure as bearish sentiments gain traction, particularly affecting assets like Shiba Inu (SHIB), XRP, and Bitcoin (BTC). Each of these cryptocurrencies is approaching critical support levels that could determine their short-term trajectories.
Ripple (XRP) price has dropped by 11.09% over the last 30 days, and current indicators suggest further caution. The Relative Strength Index (RSI) is at 38.93, indicating a downtrend but not yet signaling oversold conditions.
A new statue depicting Bitcoin's anonymous creator Satoshi Nakamoto has just been unveiled in Switzerland. Earlier this morning at the 3rd Annual Lugano Plan B forum in Switzerland, the Plan B Initiative, a collaboration between Tether and the city of Lugano, revealed a statue honoring the faceless BTC creator.
Crypto markets erased $5B of their value within an hour on the news of a possible renewed Tether investigation on anti money-laundering practices. The market recovered soon after the initial shock.
Dogecoin insider Mishaboar has sent an open letter to the community with advise to shun stablecoins like USDT, USDC and even PYUSD. According to him, holding these assets are “inherently risky” and can harm holders.
Ripple CEO Brad Garlinghouse has expressed concerns about the potential consequences for the crypto industry if the U.S. Securities and Exchange Commission (SEC) succeeds in its recent appeal. Speaking about the cross-appeal filed by Ripple, Garlinghouse highlighted the issue of whether an “investment contract” under the Securities Act requires an explicit agreement.
According to a Friday report, the United States Justice Department has launched a criminal investigation into stablecoin issuer Tether. The probe is reportedly meant to determine whether the company violated anti-money laundering rules and sanctions.
Tether CEO Paolo Ardoino has denied allegations that the company is facing an investigation by the U.S government. This comes in response to a Wall Street Journal report on an alleged probe by U.S. authorities into Tether's involvement in sanction violations and anti-money laundering (AML) breaches.
Ripple's CEO, Brad Garlinghouse, revealed that he has been de-banked by Citigroup Inc., a bank he's been associated with for 25 years. This shocking disclosure came during a recent discussion at DC Fintech Week, where Garlinghouse emphasized the broader implications of regulatory pressures on individuals and companies in the cryptocurrency space.
“Old noise” may be a new name for FUD, as Tether defends itself from a report in The Wall Street Journal about US government investigations.
In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US. The inquiry, reportedly led by prosecutors from the Manhattan US Attorney's Office, is said to focus on whether Tether's stablecoin, USDT, has been used by third parties to finance illegal activities such as drug trafficking, terrorism, and hacking, or to launder the proceeds from these activities.
As the need for energy-efficient, low-cost, and fast payments increases, XRP Ledger is witnessing growing demand.
Crypto prices fluctuated heavily over the week as Bitcoin price swung to above $69K and back under $65K before regaining some ground to trade above $67K on Friday evening. Most altcoins swung sharply too, with meme coins seeing huge gains before paring them.
XRP price has been subdued in recent weeks due to the SEC's appeal. But seeing that it has been here before, is there a way back up?
U.S. federal authorities are currently examining stablecoin issuer Tether (CRYPTO: USDT) for potential infractions of U.S. sanctions and anti-money-laundering regulations, according to a report. What Happened: This inquiry, conducted by the Manhattan U.S. Attorney's Office, is investigating possible misuse of Tether's stablecoin in activities like drug trafficking, terrorism financing, and laundering proceeds from these illicit actions, The Wall Street Journal reported.
U.S. authorities are scrutinizing Tether for potential breaches of anti-money-laundering laws and sanctions, according to sources cited by The Wall Street Journal (WSJ) in a report written by Angus Berwick, Vivian Salama, and Ben Foldy and published earlier today.
Tether CEO Paolo Ardoino denied reports about the firm being under investigation in the US. Ardoino's clarification comes after a Wall Street Journal report claimed that federal prosecutors in Manhattan are allegedly investigating the stablecoin issuer.
Stablecoin issuer Tether has denied a report claiming that the company is being investigated by the U.S. government.
Cryptocurrency company Tether is currently under federal investigation for possible sanctions and anti-money laundering (AML) violations, according to the Wall Street Journal.
In the United States, issuers are seeking to register ETFs for Solana and XRP ahead of the November presidential elections.
CNBC's Eamon Javers joins 'Power Lunch' to discuss reports that crytopcurrency Tether being. probed by DOJ over possible violations of sanctions and laundering rules.
Tether CEO Paolo Ardoino denied reports of lawmakers investigating the major cryptocurrency company over potential violations of anti-money-laundering and sanctions laws.