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.

The integration of Axelar's MDS by major blockchains could significantly enhance web3's interoperability, fostering a more connected ecosystem. The post Sui, XRP Ledger, EigenLayer set to integrate Axelar's new Mobius Development Stack appeared first on Crypto Briefing.

Mercado Bitcoin plans to offer its corporate and retail customers support for international payments, allowing users to transact with Brazilian Reais.

TL;DR Bitwise's Strategic Pivot: Bitwise Asset Management has filed for an XRP ETP (Exchange-Traded Product) instead of an ETF, aiming for smoother regulatory approval. Market Reactions: The filing led to a surge in XRP transaction volume and whale activity, indicating strong interest from traders and institutional investors.

As is now known, 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, which was a lot less than the $2 billion the regulator was asking for. The motive is that the district court's decision goes against long-standing Supreme Court precedents and established securities laws.

The 2024 U.S. presidential election looms, discussions about its impact on the cryptocurrency market have taken center stage. Among the voices weighing in is Eric Balchunas, a notable analyst at Bloomberg.

Days before the deadline, the SEC filed an appeal against the court ruling that declared XRP as not a security, reigniting its legal battle with Ripple Labs just after the departure of its Enforcement Director, Gurbir Grewal.

The US Securities and Exchange Commission has filed a notice of appeal against Ripple Labs, the creator of the Ripple XRP cryptocurrency. The appeal, filed in the Southern District of New York, suggests the long-runnin, high-profile dispute between Ripple and the US securities watchdog had not been put to bed yet.

We turned to the AI platform ChatGPT to try to understand the forecast for XRP (Ripple) in the month of October.

After the United States Securities and Exchange Commission (SEC) reignited the legal fight against blockchain company Ripple over its sales of XRP (XRP) with an appeal to a key ruling, many are wondering about the token's future and artificial intelligence (AI) algorithms are not optimistic.

As the U.S. Securities and Exchange Commission (SEC) officially appeals the Ripple case, the XRP community is now focused on a series of crucial dates that could shape the outcome of this long-standing legal battle.

XRP price has noted a sharp decline today, declining more than 15%, after a recent breakout attempt. This price slump has sparked discussions in the digital assets space, especially amid a downturn momentum noted in the broader crypto market.

Bitwise has registered with the Delaware Division of Corporations for the establishment of a new entity called “Bitwise XRP ETF.”

Ripple CEO Brad Garlinghouse did not mince words in a recent post about the SEC's continued pursuit of its lawsuit against Ripple. Garlinghouse expressed deep frustration with the SEC, particularly its Chair Gary Gensler, stating that if the agency were rational, they would have dropped the case long ago.

XRP plunges 12.75% as the SEC's Ripple lawsuit appeal and rising Middle East tensions spark uncertainty, leading to a one-month low of $0.511.

XRP (XRP) shed double digits as Bitcoin struggled near $61k, with crypto a sea of red heading into the US trading session. This comes as investors react to geopolitical events in the Middle East and news of US Securities and Exchange Commission (SEC)'s move to appeal a court ruling in the Ripple case.

Ripple may have abandoned its price rally after the U.S. Securities and Exchange Commission (SEC) filed an appeal against the recent court ruling ordering the company to pay a $125 million fine. This move has re-ignited discussions about XRP's future, coinciding with Bitwise Asset Management filing for an XRP ETF in Delaware.

Ripple vows to fight the SEC appeal for as long as necessary. Ripple's legal team is evaluating a potential cross-appeal.

Could XRP's price surge to over $6 if history repeats?

Asset management firm Bitwise filed Form S-1 for XRP ETP with the U.S. Securities and Exchange Commission (SEC) on October 2nd. The filing indicates that once approved, the proposed fund will hold XRP on its own.

Bitwise XRP ETF filing amid Ripple SEC lawsuit was a major development today since the future of XRP remains uncertain

XRP, the Ripple-affiliated cryptocurrency, has logged a significant uptick in whale activity, according to data provided by cryptocurrency analytics platform Santiment.

A recent surge could fuel a breakout for XRP, but traders should still remain cautious.

Although the prolonged courtroom standoff between blockchain company Ripple and the United States Securities and Exchange Commission (SEC) may be over, the regulator does not seem keen on giving up just yet, and it has recently appealed the key ruling in the case.

XRP's price crashed hard toward $0.5 after the SEC's appeal.

The SEC has appealed a court ruling favoring Ripple Labs in their ongoing legal battle over XRP's status as a security, causing the cryptocurrency's price to drop while Ripple vows to continue fighting and considers a cross-appeal.

Ripple's XRP token has experienced a sharp decline, losing over 10% of its value in the past 24 hours. The price drop follows the United States Securities and Exchange Commission's (SEC) filing of a notice of appeal on October 2, challenging the previous judgment in favor of Ripple.

The U.S. Securities and Exchange Commission (SEC) has moved to challenge the court's ruling in its ongoing case against Ripple Labs, according to a report by Nikhikesh De for CoinDesk.

Ripple's Chief Legal Officer, Stuart Alderoty, criticized the SEC's appeal, calling it an extension of the agency's “litigation warfare”.

Unlike last year, this time the SEC has decided to appeal, and Ripple in fact admits that it expected it.

Ripple Labs will fight the United States Securities and Exchange Commission's appeal of the court ruling that determined retail XRP sales were not in violation of securities laws. In an Oct.

The ongoing Ripple-SEC legal battle took another turn as the U.S. Securities and Exchange Commission (SEC) officially announced its appeal of a federal judge's ruling against the agency. The appeal comes just two months after Judge Analisa Torres issued her final judgment in the SEC's four-year-old case against Ripple.

The US Securities and Exchange Commission (SEC) has opted to appeal a crucial court ruling that categorizes XRP tokens as non-security. This appeal had a direct impact on the price of XRP tokens.

The U.S. Securities and Exchange Commission (SEC) filed a notice of appeal against the historic ruling by Judge Analisa Torres in the Ripple case.