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Showing posts with the label sec lawsuit

XRP Went From $0.01 to $3.40 Last Bull Run: How High Can It Go Next?

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During the 2017-2018 bull run, Ripple’s native token XRP went from $0.01 to an all-time high of $3.40. The massive spike occurred in just a year’s time generating phenomenal returns to early investors. Traders who rode the bull run back then made stellar profits and life-changing gains in a short period. However, lightning struck the leading altcoin as the SEC filed a lawsuit against Ripple claiming it to be a security. Also Read: Shiba Inu: The Price SHIB Must Reach to Make $1,000 Turn to $1 Million It’s been more than seven years since Ripple’s XRP failed to climb above the $3.40 mark despite repeated attempts. It went to a high of $1.65 in May 2021 bull run and plummeted to the $0.3 level in 2022. After Trump reclaimed the White House in November, the Ripple’s native token reached $2.5 attracting heavy bullish sentiments. XRP also touched a yearly high of $3.28 in 2025 ahead of Trump’s inauguration coming close to breaching its ATH. It failed to cl...

Ripple Announces UAE Partnership as XRP Looks to Rebound

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In what could be a massive month for the company, Ripple announced a major partnership in the United Arab Emirates (UAE) as XRP looks to start a rebound. Indeed, the company issued a press release unveiling a partnership with the Dubai International Financial Centre (DIFC). The release stated that the collaboration will “accelerate blockchain and digital asset innovation in the UAE.” Moreover, it could be the start of good news for the firm in August. Its years-long lawsuit with the US Securities and Exchange Commission (SEC) is rumored to end in the coming months. Source – PYMNTS Also Read: Ripple: Can $1000 Worth of XRP Become $1 Million in 10 Years? Ripple Unviels UAE Partnership, Can XRP Get a Much-Needed Boost? 2024 was always poised to be a huge year for Ripple. Yet, that hasn’t come to fruition yet. Although XRP had performed well throughout July, Monday’s crypto crash forced the token to take a step back. However, some good news has arrived, with th...

Australia's Major Bank To Decline Payments To Crypto Exchanges

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This comes as a result of lawsuits faced by two major global cryptocurrency exchanges – Binance and Coinbase from the United States the Securities and Exchange Commission (SEC). advertisement Moreover, this move comes after another prominent Australian bank, Westpac, prohibited its customers from engaging in transactions with Binance . According to statement released by the Commonwealth Bank on June 8, it would decline or impose a 24-hour hold on “certain payments to cryptocurrency exchanges.” Reporting from @jessicasier @FinancialReview that @CommBank have banned AUD transfers to “high-risk” crypto exchanges & limited transactions with others to $10k per month, with a 24 hr delay. $700k per day leaves CBA as scammed money heading to crypto. Banks & the crypto industry… Recommended Articles Crypto Presale Projects For 202...