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XRP - Ripple (in the pond)

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Yeah everything is shadowing btc, here is a chart xrp vs btc similar look with eth

Lets hope the hedge funds and bankers don't do a pump and dump on it

Crypto to me is a higher stake gamble with gold being the insurance once/if crypto pops... the banks never liked crypto because its not controllable/manipulative to their tastes so I am a bit sceptical things will run up smoothly. Time will tell I might up my holding in xrp by a small step. Still im 90% gold 10% crypto
 

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Crypto to me is buy a bunch of sht coins and what for the bitcoin tide to raise all boats.
I've still got xrp from last time, bought a bunch of nothing coins the last crash.

All I have to do now is remember where I put all the details to access them.
 
moXJO said:
Crypto to me is buy a bunch of sht coins and what for the bitcoin tide to raise all boats.
I've still got xrp from last time, bought a bunch of nothing coins the last crash.

All I have to do now is remember where I put all the details to access them.
Click to expand...
What= wait.
I hate auto-correct
 
Wow.
I do feel sorry for new holders.

Hopefully it bounces back, but really, it has just returned to trend.
Has definitely landed.

The knife catcher in me tells me to stay clear, however, that doesn't mean there can't be clear signs of opportunity.
Not advice, just a chart.

Screenshot_20201224-080014.png
 
At the risk of X promoting.....

NOV have a bit of a stake in Ripple transactions mainly Sth East Asia / Australia....


Dec 7 (Reuters) - Novatti Group Ltd (NOV) :

  • SIGNS PARTNERSHIP WITH RIPPLE TO TARGET RAPIDLY GROWING SOUTH-EAST ASIA REGION
  • PARTNERSHIP WILL INITIALLY TARGET CROSS-BORDER TRANSACTIONS BETWEEN AUSTRALIA AND SOUTH-EAST ASIA REGION
  • PLANS UNDERWAY TO EXPAND PARTNERSHIP TO SEE CO PROCESS RIPPLE'S BROADER CROSS-BORDER PAYMENTS INTO AUSTRALIA
Income won't be huge .....but it all helps ...... ..Ripple +ve or -ve ...all good for NOV.
 
Sorry, l thought l had posted this already


SEC Ripple

https://www.sec.gov/news/press-release/2020-338


SEC Charges Ripple and Two Executives with Conducting $1.3 Billion Unregistered Securities Offering​


FOR IMMEDIATE RELEASE​
​
2020-338​
​
Washington D.C., Dec. 22, 2020 —​
​
The Securities and Exchange Commission announced today that it has filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered, ongoing digital asset securities offering.​
According to the SEC's complaint, Ripple; Christian Larsen, the company's co-founder, executive chairman of its board, and former CEO; and Bradley Garlinghouse, the company's current CEO, raised capital to finance the company's business. The complaint alleges that Ripple raised funds, beginning in 2013, through the sale of digital assets known as XRP in an unregistered securities offering to investors in the U.S. and worldwide. Ripple also allegedly distributed billions of XRP in exchange for non-cash consideration, such as labor and market-making services. According to the complaint, in addition to structuring and promoting the XRP sales used to finance the company's business, Larsen and Garlinghouse also effected personal unregistered sales of XRP totaling approximately $600 million. The complaint alleges that the defendants failed to register their offers and sales of XRP or satisfy any exemption from registration, in violation of the registration provisions of the federal securities laws.​
​
"Issuers seeking the benefits of a public offering, including access to retail investors, broad distribution and a secondary trading market, must comply with the federal securities laws that require registration of offerings unless an exemption from registration applies," said Stephanie Avakian, Director of the SEC's Enforcement Division. "We allege that Ripple, Larsen, and Garlinghouse failed to register their ongoing offer and sale of billions of XRP to retail investors, which deprived potential purchasers of adequate disclosures about XRP and Ripple's business and other important long-standing protections that are fundamental to our robust public market system."​
​
"The registration requirements are designed to ensure that potential investors – including, importantly, retail investors – receive important information about an issuer's business operations and financial condition," said Marc P. Berger, Deputy Director of the SEC's Enforcement Division. "Here, we allege that Ripple and its executives failed over a period of years to satisfy these core investor protection provisions, and as a result investors lacked information to which they were entitled."​
​
The SEC's complaint, filed today in federal district court in Manhattan, charges defendants with violating the registration provisions of the Securities Act of 1933, and seeks injunctive relief, disgorgement with prejudgment interest, and civil penalties.​
The SEC's investigation was conducted by Daphna A. Waxman, Jon A. Daniels, and John O. Enright of the SEC's Cyber Unit. The case is being supervised by Kristina Littman, Chief of the SEC Enforcement Division's Cyber Unit. The SEC's litigation will be conducted by Jorge G. Tenreiro, Dugan Bliss, Ms. Waxman, and Mr. Daniels, and supervised by Preethi Krishnamurthy.​



Ripple Delisting continues.

Bitstamp and now this...


XRP Delisting Continues: B2C2, Simplex, and More Are Out​


As the US Securities and Exchange Commission filed a lawsuit against Ripple and its two executives, more and more cryptocurrency companies are suspending their services with XRP. B2C2, a major crypto market-maker, became the latest to halt XRP trading with its US counterparties.​
​
According to a report by The Block, B2C2 USA, which was formed last year, halted its trading with the digital token of the legally troubled company last Thursday.​
​
The US unit of the market-maker took the harsh step after warning its clients about “further actions regarding trading in XRP products” in a memo circulated last week.​
​
It is to be noted that the non-US clients of B2C2 can still trade XRP but after pre-funding all short positions.​
​
B2C2 was fully acquired by Japan’s SBI Holdings earlier this month. The Japanese conglomerate already had a minority stake in the UK-based crypto company after a $30 million investment in July.​
​

 
Chance to double/triple your money or lose the lot?

Do we have any details on how long this legal action will take?
 
Dark1975 said:
Xrp looking at a good price point to enter based on the 24hr time frames, based on all the incoming information based on xrp ( inc sec case) can't see any more bad news incoming
Click to expand...
Be nice if brad gave an update instead of not saying much about the upcoming hearing.
Japan found that xrp was not a security so there is that.

@joelkatz was quiet on his twitter. In fact they have all gone to smoke.
 
moXJO said:
Xrp just got interesting again:

  • A group of XRP investors has filed a petition seeking a writ of mandamus in the SEC vs. Ripple case.
  • The group seeks an amendment of the SEC’s complaint against Ripple so that their XRP holdings aren’t considered securities.
Good read:
https://www.theblockcrypto.com/post...-petition-writ-of-mandamus-sec-vs-ripple-case
Click to expand...
Well XRP isn't a Security, And Jay clayton who filed this case to SEC actioned this on his last day of tenture ,
Can't see anything more than a multiple fines for the two the executives @ XRP .
Still @ a good entry point
 
Dark1975 said:
Well XRP isn't a Security, And Jay clayton who filed this case to SEC actioned this on his last day of tenture ,
Can't see anything more than a multiple fines for the two the executives @ XRP .
Still @ a good entry point
Click to expand...
Trump exits in 16 or so days so it might heat up then if the case gets dropped then.
 
Possible break out ?
Forming a upward consolidating triangle in the 1hr time frame
 

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