The potential approval of a Bitcoin ETF by the U.S. SEC would be a boost to the crypto markets, but not to the extent of last year’s rally. What will the price action be until then? Let’s look at the charts
from Cointelegraph.com News https://ift.tt/2mIYvbc Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 25
The potential approval of a Bitcoin ETF by the U.S. SEC would be a boost to the crypto markets, but not to the extent of last year’s rally. What will the price action be until then? Let’s look at the charts
from Cointelegraph.com News https://ift.tt/2mIYvbc Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 25
Most major coins have gained significantly over the past few days, but are we out of the woods yet? Let’s look at the charts to see whether we have hit a bottom or it’s just a dead cat bounce
from Cointelegraph.com News https://ift.tt/2LplxC4 Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 20
What cryptocurrencies have bottomed out? See the latest price analysis to find out
from Cointelegraph.com News https://ift.tt/2JtSgkA Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 16
As some retail investors are leaving crypto, large institutional players are moving in, as they see value around the current price levels. Do the charts support their sentiment?
from Cointelegraph.com News https://ift.tt/2uvzUu8 Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 13
As analysts Todd Colvin and Bart Smith point out $5,000 as an important price point for “sophisticated” investors to get into Bitcoin, let’s take a look at the charts and see where the markets are going
from Cointelegraph.com News https://ift.tt/2Jg91zB Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 11
Even despite pressure from China and India – which comprise 35 percent of the global population – cryptocurrencies are bouncing off their lows. Which coins are confirming a bottom? Let’s check the charts
from Cointelegraph.com News https://ift.tt/2zo7k3q Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, NEO: Price Analysis, July 09
Fundstrat’s Tom Lee has doubled down on his $25,000 target for Bitcoin by year end of 2018. Is that really possible from the technical analysis point of view? Let’s look at the charts
from Cointelegraph.com News https://ift.tt/2tXRR4Y Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, NEO: Price Analysis, July 06
A third lawsuit, alleging securities fraud, was filed last week against Ripple Labs Inc, XRPII LLC, and its CEO Bradley Glaringhouse. In 28 pages, the class action suit attempts to make the case XRP is a security: issued, maintained, and supported by Ripple in clear violation of US regulatory laws. Ripple has worked extremely hard to distance itself from its cryptocurrency, XRP, in hopes of avoiding just this scenario.
Also read: Troll Slayer: Derek Magill Defends Peer-to-Peer Electronic Cash Against Defamation
Managing partner of Robbins Arroyo LLP, Brian J. Robbins, filed a class action lawsuit against Ripple Labs Inc, XRPII LLC, and CEO Bradley Glaringhouse on behalf of San Diego college senior David Oconer. Signed by fax late June of this year in the San Mateo, California Superior Court, its more than two dozen pages set about making the case Ripple is in clear violation of the Howey Test.
Mr. Oconer, through his legal team, stresses how Ripple fought to manipulate the XRP price, including placing tens of millions XRP tokens into a kind of escrow, creating an arbitrary scarcity. It was also a way to signal to worried longer term investors the company would not dump the lot all at once. Indeed, XRP mooned to many hundreds of percent, the suit alleges, as a result of such moves.
It’s the third such lawsuit filed against the company since early May of this year. A common theme between each suit is the claim XRP is a security as defined under US regulatory statute – which insist Ripple Labs is the token’s puppet master indistinguishable from XRP itself. The Oconer version leans heavy on making a case for a Howey Test violation. Ripple isn’t taking any of the suits lightly, hiring two former US Securities and Exchange Commission heavies, Andrew Ceresney and Mary Jo White, as lead counsel.
XRP has long been held in a controversial light due in part to its origin story. While leading cryptos were to be mined on chain, ripples appeared ex nihilo with more than 60 percent still held by its parent company. If deemed a security, the company would be most likely ordered to cease all trading, and it’s not unusual to presume holders would be given the chance at refunds. Violations of securities law, what’s more, can also be prosecuted criminally, though those in the know believe it will not get to that stage.
Will these lawsuits hurt Ripple? Let us know in the comments section below.
Images via the Pixabay, Twitter.
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The post Ripple, CEO Face Another Securities Fraud Lawsuit appeared first on Bitcoin News.
from Bitcoin News https://ift.tt/2KMzp8U Ripple, CEO Face Another Securities Fraud Lawsuit
The crypto markets have rebounded somewhat, with a long-term Summer rally is still not very likely. But what to expect in the short term? Check out our price analysis
from Cointelegraph.com News https://ift.tt/2KAc6Qw Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRX: Price Analysis, July 04