• Home
  • Ripple
  • XRP
  • Contact Us
XRP News
No Result
View All Result
XRP News
No Result
View All Result

XRP Price Increases to $0.89852 Amidst Lawsuit Filed by US SEC

Gaurav Roy by Gaurav Roy
August 12, 2021
Home News
Share on FacebookShare on Twitter

California, USA – Ripple’s XRP price trades at $0.89852, increasing 10.08% despite the lawsuit filed by US SEC. The trade range of $0.84927 to $0.89852.

XRP continues to boost by 10.08%, leaving the price at $0.89852. The increase is the biggest percentage gain in a day since July 28. With a movement of the price, it pushed the market capitalization of this digital asset to $41.60441B, which is 2.19% of the total digital asset market capitalization.

This crypto’s value boosted in the past week, gaining 26.29% with a trading range of $0.7024 to $0.8985. Despite the gains of this cryptocurrency, its price is down 72.69% from an all-time high price of $3.29, which was on January 4, 2018.

On the other hand, the US SEC or Security Exchange Commission wants Ripple’s communication with employees in their Slack account. As per SEC, Slack communication will expose the wrongdoing of the company on all XRP-related transactions.

SEC submitted its request on August 9 to Sarah Netburn, a Magistrate Judge, and in a letter, Jorge Tenreiro, the attorney of SEC, complained that a huge Slack data were missing from Ripple.

XRP Price Increases to 0.89852 Amidst Lawsuit Filed by US SEC
Federal Law prohibits Slack to disclose information to SEC without consent.

As per SEC, Ripple didn’t gather and evaluate the messages of 33 people, yet the company agreed to search and share these with others. These are multi-party instant messages, chat messages, and direct messages shared on public channels, which all employees can access.

According to SEC, getting these messages is important as these can serve as evidence. Ripple didn’t disclose direct messages about XRP, and it argued that collecting data for the said custodians might be disproportionate to the lawsuit’s needs.

The Federal law banned Slack from giving access to the corporate Slack account of Ripple without any consent from the company. Despite the request of the SEC for consent, Ripple refused to provide.

gaurav roy xrp news | XRP & Ripple News
Gaurav Roy
Gaurav Roy

Gaurav Roy

Gaurav is an expert when it comes to Cryptocurrency, writing for some of the biggest Cryptocurrency websites out there.

Next Post
XRP Hits Its $1-Target Price From $0.90 – SEC Continues Case With Ripple

XRP Hits Its $1-Target Price From $0.90 – SEC Continues Case With Ripple

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

  • XRP Price Maintains Rally Hopes as DOGE Breaks Down March 6, 2025
  • XRP price to $18K? — One crypto ‘research’ group says it’s possible March 6, 2025
  • Research Group Predicts XRP at $18K—Too Good to Be True? March 6, 2025
  • Blockchain Investigator Finds 2.7B XRP in Dormant Wallets—Tied to Ripple Co-Founder? March 6, 2025
  • XRP Price Watch: XRP Holds Steady, But Is a Big Move Coming? March 6, 2025

Chat with our XRP expert!

XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

Unmatched Transaction Speed

One of the most compelling attributes of XRP is its unparalleled transaction speed. In a world where traditional banking can take days to process cross-border payments, XRP offers a stark contrast with its ability to settle transactions in mere seconds. This efficiency is a game-changer for both individuals and businesses, ensuring that funds are transferred quickly and seamlessly around the globe.

Low Transaction Costs

Another significant advantage of XRP is its incredibly low transaction fees. Compared to other major cryptocurrencies and traditional banking methods, XRP stands out for its cost-effectiveness. This feature makes it an attractive option for micropayments and regular international transfers, offering a more affordable solution for everyday transactions.

Scalability and Sustainability

Scalability is a critical factor in the cryptocurrency world, and XRP excels in this aspect. Designed to handle a large volume of transactions without compromising speed or cost, XRP is well-equipped to meet the demands of a growing digital economy. Additionally, its consensus protocol is less energy-intensive than the traditional proof-of-work used by many cryptocurrencies, making XRP a more environmentally sustainable choice.

Broadening Financial Access

XRP is not just a tool for efficient transactions; it’s a catalyst for financial inclusion. By simplifying and reducing the cost of cross-border payments, XRP has the potential to open up global markets to individuals and businesses who previously found these transactions prohibitively expensive or complex. This democratization of financial services is a cornerstone of XRP’s vision.

The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

  • Home
  • Ripple
  • XRP
  • Contact Us

2023, XRPNews.com

No Result
View All Result
  • Contact Us
  • HTML Sitemap

2023, XRPNews.com