Members of the XRP Army — supporters of the XRP token — have started an online movement to pressure crypto exchanges to relist the digital asset amid Ripple facing a lawsuit from the United States Securities and Exchange Commission, or SEC. According to Twitter user MackAttackXRP, the hashtag "RelistXRP" was trending in The Netherlands earlier today, with some users reporting the social media movement was gaining traction in Australia, the United States and the United Kingdom. Twitter data showed more than 35,000 tweets with the hashtag in the Netherlands, more than 30,000 tweets in the U.S. and roughly 24,000 in …

On Dec. 22, 2020, the United States Securities and Exchange Commission filed a complaint against Ripple Labs. The complaint essentially alleged that Ripple had engaged in a multi-year, sustained practice of illegally selling unregistered, non-exempt securities in the form of its XRP tokens. This complaint, having been filed on the last day of former SEC Chairman Jay Clayton’s tenure at the commission, led to a considerable volume of public commentary, as is not unusual for SEC litigation against major players in the crypto space. What is unusual about SEC versus Ripple is the reaction from a sizable segment of XRP …

A report by Deutsche Bank Research said that Bitcoin (BTC) has become “too important to ignore” and may attract regulation by the end of 2021. Deutsche Bank analysts expect Bitcoin to reach a turning point in about “two or three years” when it will be clear whether Bitcoin will evolve into an asset class or not. In the short term, the report forecast Bitcoin to “remain ultra volatile.” A different report by Bank of America provided some insight into the possible reasons for Bitcoin’s volatility. Bank of America analysts estimated that Bitcoin price may rise by one percent when there …

Ripple has appointed a former Uber executive to lead its expansion into the Southeast Asia region, the firm announced on March 18. Brooks Entwistle joins Ripple after serving as Uber’s chief business officer, leading the firm’s growth and navigating regulatory issues throughout the Asia Pacific. The new managing director of Ripple’s Southeast Asia wing had previously spent two decades at Goldman Sachs, operating as partner and chairman in the same geographic region. Ripple’s determination to push ahead with its Asian expansion of RippleNet despite an ongoing lawsuit with the U.S Securities and Exchange Commission is unsurprising. Ripple Labs CEO Brad …

Retired pro skateboarding icon Tony Hawk is the latest celebrity riding the NFT boom, announcing the imminent release of a tokenized video depicting his final ever 540-degree ollie via Ethernity Chain. This will be the last time fans will be able to see Hawk perform the trick, after landing his first one 32 years ago in 1989. Now 52, Hawk became one of the world’s top skateboarders at 16 years old and is renowned for completing the first ever 900-degree spin at the 1999 X-Games. He also holds a place in many people’s hearts for the highly successful Tony Hawk’s …

Cardano (ADA) has had an impressive start to the year as it broke through the psychological $1 barrier and made an all-time high at $1.50. The impressive 590% year-to-date gain took place as the network transformed into a multi-asset network, similar to Ethereum, and this could bode well for Cardano's future. The rally's final leg seems to be related to the Coinbase Pro listing, announced on March 16, and this resulted in a renewed push to $1.47 on March 18. As Cardano's price increased, so did its spot trading volume and on-chain transfers, which surpassed Litecoin (LTC). The increased interest …

Institutional investors have continued to pump money into cryptocurrency investment products in Q1 of this year, according to a report by CoinShares. The inflows of $4.2 billion in the first quarter have broken the previous record of $3.9 billion made in the fourth quarter of 2020. NYDIG CEO Robby Gutmann recently told listeners of the “On the Brink” podcast to brace for a slew of announcements by the firm’s strategic partners. Gutmann said the announcements could bring new levels of “Bitcoin adoption, Bitcoin availability, Bitcoin products and services within the existing traditional financial landscape.” While new products and services that …

XRP tokenholders' attempts to insert themselves as third-party defendants in the United States Securities and Exchange Commission’s case against Ripple may have come to an end. U.S. District Judge Analisa Torres has denied a motion filed over the weekend on behalf of more than 6,000 XRP holders. The motion to intervene argued that the interests of tokenholders — in this case, the XRP Army — were not being adequately represented in the lawsuit against Ripple and its executives. John Deaton of Deaton Law Firm first filed the motion on Sunday, later claiming on the firm’s website that XRP holders had …

The 2017 Bitcoin (BTC) bull run was led by retail traders, long-term crypto believers and Bitcoin whales. However, the tide turned in 2020 as institutional investors became the catalyst for the latest crypto bull run. However, data compiled by JPMorgan Chase shows that retail traders have made a strong comeback in the first quarter of this year. JPMorgan analysts used data from Square and Paypal to determine that retail investors bought 187,426 BTC for Q1 2021, which is more than the institutional purchase of 172,684 BTC during the same period. While this data may not be bulletproof, it gives a …

XRP tokenholders have attempted to insert themselves as third-party defendants in the United States Securities and Exchange Commission’s lawsuit against Ripple Labs. A motion to intervene was filed by John Deaton of Deaton Law Firm on Sunday on behalf of over 6,000 XRP holders. Deaton, himself an XRP holder, argued that the interests of tokenholders were not being adequately represented in the securities lawsuit against Ripple Labs and its executives. Deaton’s argument builds upon the refutation of any securities violations by Ripple Labs. Specifically, if XRP is not a security — as Ripple executives Bradley Garlinghouse and Christian Larsen claim …

Bitcoin (BTC) missed hitting a new all-time high on March 11 by just a whisker as Oracle Corporation denied rumors that it had purchased about 72,000 Bitcoin. This suggests that traders could be looking for signs of greater institutional adoption to boost Bitcoin’s price further. One of the main factors that may have kept several institutional investors at bay is the lack of regulatory clarity but this could be on the verge of changing. In a recent interview on the Thinking Crypto podcast, Hester Peirce, a commissioner at the United States Securities and Exchange Commission, said that Gary Gensler’s nomination …

Morningstar, a financial information services subsidiary of Japanese financial giant SBI Group, will continue its XRP shareholder benefits program. According to an official announcement Friday, Morningstar has approved year-end shareholder benefits in the form of XRP. The new dividend payout option comes as part of the company’s year-end reward program to thank its shareholders for their continued support in addition to interim shareholder benefits. Under the program, Morningstar will provide XRP rewards of 2,500 Japanese yen ($23) units per 100 shares owned by shareholders as of March 31, 2021. The exact amount of XRP offered to shareholders will be determined …