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XRPUSD

Ripple / US Dollar

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Digital Currency

Cryptocurrency Ripple / US Dollar

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The Securities and Exchange Commission (SEC) has filed for an interlocutory appeal, seeking an immediate review of a federal judge’s ruling that XRP isn't a security when sold to the general public. The SEC argues that this ruling could have significant implications for ongoing legal proceedings, including those involving Coinbase Global Inc (NASDAQ:COIN) and Binance. The defense argues that the SEC hasn't substantiated the necessary burden to stretch the Howey test to encompass all of Ripple's XRP distributions.

Portfolio Pulse from AJ Fabino

August 18, 2023 | 8:22 pm

Exactly Protocol, a decentralized credit market operating on the Optimism network, suffered a loss of over $12 million due to a bridge exploit. The exploit involved attackers funding a contract on the Ethereum network, transferring deposits to Optimism, and then bridging the stolen funds back to Ethereum. The breach coincided with a slump in the broader digital currency sector, with assets like Ripple, Litecoin, and Bitcoin Cash experiencing sharp drops.

Portfolio Pulse from Murtuza Merchant

August 18, 2023 | 7:40 pm

The National Futures Association (NFA) has approved Coinbase Global Inc (NASDAQ:COIN) as a Futures Commission Merchant (FCM), leading to speculation about the Securities and Exchange Commission's (SEC) stance on digital assets. Major financial institutions like BlackRock (NYSE:BLK) and Fidelity are applying for spot BTC ETFs, validating Bitcoin and the broader industry. The SEC's approach, seen as regulating by enforcement, has raised concerns about a potential exodus of digital asset innovators to markets with clearer regulatory frameworks.

Portfolio Pulse from Murtuza Merchant

August 18, 2023 | 3:23 pm

Mastercard has launched its CBDC Partner Program, with Ripple and Consensys among the key participants. Other partners include Fluency, Idemia, Consult Hyperion, Fireblocks, and Giesecke+Devrient. The initiative aims to promote payment interoperability in the digital economy. However, Mastercard acknowledges that CBDC adoption faces challenges such as public unfamiliarity and recent controversies in the crypto sector.

Portfolio Pulse from Murtuza Merchant

August 18, 2023 | 1:05 pm

Cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Solana (SOL), Dogecoin (DOGE), Shiba Unu (SHIB), and Shibarium governance tokens (BONE, LEASH) experienced a downturn following the Federal Reserve's signal of a potential rate hike. The Fed's July meeting minutes indicated concerns about 'upside risks' to inflation, leading to the steepest rise in the primary interest rate in over two decades.

Portfolio Pulse from Murtuza Merchant

August 17, 2023 | 5:21 pm

XRP's price has decreased by 3.66% over the past 24 hours to $0.60, continuing its downward trend over the past week of -8.0%. The trading volume for the coin has climbed 25.0% over the past week, while the overall circulating supply of the coin has decreased 0.08% to 52.84 billion. The current market cap ranking for XRP is #5 at $31.66 billion.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 7:00 pm

Ohio Congressman Warren Davidson has expressed strong opposition to Central Bank Digital Currencies (CBDCs), emphasizing the potential risks they pose to the digital asset ecosystem. He criticized current CBDC models for being centrally managed and reliant on digital IDs, contrasting sharply with decentralized finance (DeFi). Davidson named the Federal Reserve, Ripple (CRYPTO: XRP), and Consensys among those actively participating in CBDC projects. He is in the process of drafting legislation that would criminalize the design, development, testing, and establishment of a Central Bank Digital Currency.

Portfolio Pulse from Murtuza Merchant

August 16, 2023 | 3:58 pm

The Bank for International Settlements (BIS) has launched a new initiative, the Payments Interoperability and Extension (PIE) task force, to improve cross-border transactions. Blockchain-powered payment platform Ripple (CRYPTO: XRP) will participate in the task force, alongside other major entities like Mastercard Inc (NYSE:MA). The task force aims to enhance accessibility to payment systems, extend their operational hours, and establish connections among various payment systems.

Portfolio Pulse from Murtuza Merchant

August 10, 2023 | 7:03 pm

XRP's price has increased by 3.86% over the past 24 hours to $0.64, despite a 9.0% loss over the past week. The trading volume for the coin has decreased by 21.0% over the past week, while the circulating supply has risen by 0.06%. The current market cap ranking for XRP is #5 at $33.58 billion.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 7:00 pm

Galaxy Digital Holdings CEO, Mike Novogratz, predicts that the approval of Bitcoin ETFs by the SEC is imminent, possibly within the next 4-6 months. He cites insights from BlackRock and Invesco, and highlights recent developments such as BlackRock's filing for an ETF and the positive stance of its CEO towards Bitcoin. Novogratz also mentions the potential of AI and the resilience of the crypto community. He notes the importance of stablecoins and their potential to disrupt traditional banking systems, citing PayPal's recent move to issue a stablecoin.

Portfolio Pulse from Murtuza Merchant

August 08, 2023 | 7:00 pm

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