Ripple Ripe for 17% Dump After Key Supports Give Way

Ripple is having an awful 2019 despite unyielding support from the so-called “XRP army.” One widely-followed trader sees more pain for the third-largest cryptocurrency. There might be an opportunity for a relief rally, but ripple remains in a downtrend unless it prints a reversal structure. Ripple is down by over 36 percent this year. No […]

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What’s Next in the Securities Case Against Ripple Over XRP

The Takeaway: Monday is the deadline for an XRP holder to file a response to Ripple’s motion to dismiss his suit against the company. That motion largely sidestepped the plaintiff’s argument that Ripple sold XRP as an unregistered security, instead contesting the case on procedural and evidentiary grounds. The suit is unlikely to settle the […]

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Crypto Sleuthing Firm Elliptic Raises $23 Million in Fundraise Led by SBI

Blockchain forensics firm Elliptic has raised $23 million in a Series B funding round led by Tokyo-based financial institution SBI Holdings. Announced Wednesday, the funding will help drive Elliptic’s Asia expansion, which includes a recently opened Singapore office and one in Japan that will open this week. Tomoyuki Nii, executive officer for overseas investment at […]

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