Latest news with #RippleLabs
Yahoo
9 hours ago
- Business
- Yahoo
Investors Mobilize to ‘Free Linqto' Amid Concerns of Mismanagement
Investment Platform's Users' Accounts Have Been Frozen Since February LAS VEGAS, May 31, 2025 (GLOBE NEWSWIRE) -- Concerned customers of the investment platform Linqto have joined together to demand answers from the tech company's new management, which has suspended operations and frozen users' accounts since February of this year. 'The recent actions taken by Linqto's new management raise serious questions,' said Rob Cunningham, founder of newly formed consumer advocacy group Free Linqto and longtime Linqto customer. 'Users' accounts have been frozen since February 27, the company's operating reserves have been drained, and the platform has effectively ceased normal operations,' Cunningham continued. 'At best, this is the result of a series of misguided and bad decisions; at worst, it represents an intentional effort to drive the platform into insolvency.' Renowned blockchain and AI visionary Steven Nerayoff, Esq. LL.M has joined the effort, lending both strategic guidance and legal firepower to the growing movement. 'When platforms mishandle investor trust, it's not just bad business — it undermines the future of decentralized finance,' Nerayoff said. Linqto is an investment platform that provides retail investors access to the private equity market. More than 11,000 Linqto customers collectively hold approximately 3% equity in Ripple Labs — a global blockchain leader founded by early architects of the XRP Ledger and active in advancing blockchain innovation since 2012.'Linqto is an amazing company that has democratized the private equity market,' noted Cunningham. 'We created Free Linqto to ensure the platform's long-term health and continued success. We would welcome the opportunity to work with new management to protect Linqto and its more than 14,000 customers, however we are examining all our options. We welcome other customers of the company to join us. For more information and to register, go to CONTACT: Contact: Rob Cunningham freelinqto@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
22-05-2025
- Business
- Finextra
Is XRP (Ripple) the Next Big Crypto Windfall?: By Priyanka Rao
The past few months of 2025 have been a wild ride for cryptocurrency investors. The year began in full swing, with Bitcoin and Solana hitting new all-time highs ($109,000 and $298.85, respectively) as early as January 2025. And the surprises didn't stop there. Ripple's XRP, a longstanding cryptocurrency designed to facilitate fast, secure, and low-cost cross-border payments, has finally started gaining some traction. After years of price stagnation and regulatory uncertainty, XRP has surged by 120% in Q1 2025. So, is it time to diversify your investment portfolio with XRP before the next wave hits? A Shift in Investor Sentiments XRP is still 38% below its all-time high of $3.84, achieved in January 2018. However, its market price has increased by 200% over the last six months. Much of this is due to a more positive regulatory environment and recent legal developments in the crypto space. In March 2025, the US government announced it would establish a National Crypto Reserve to manage and secure cryptocurrencies acquired through legal proceedings rather than liquidating them. This would reduce forced selling, stabilize the market, and subtly recognize digital assets as long-term holdings. XRP also received a significant boost when the SEC dropped its appeal in the high-profile case against Ripple Labs. A previous court ruling determined that XRP is not a security when sold on public exchanges to retail investors. This is a big win for XRP as it removes a major regulatory hurdle to mainstream adoption. While Ripple may still face penalties for institutional sales, the broader question 'Is XRP positioned for mainstream adoption and long-term growth?' has been answered, and that's a big deal. All this has improved sentiments around XRP and is encouraging both retail and institutional investors to get back into the asset as it continues to gain real-world use cases. XRP Market Price Forecast Currently, XRP's market cap ranks #4 in the entire crypto ecosystem. Its market supply stands at 58,622,147,738, which is 59% of its total supply of 100 billion coins. Despite XRP's price declining by 8% in the past seven days at the time of writing, experts remain bullish on the medium to long term. Many see this short-term dip as a correction rather than a bearish reversal, especially with the broader positive trends around Ripple and the growing adoption of XRP in global payments. The legal clarity from recent US court decisions and Ripple's growing list of partner financial institutions using its ODL service continues to support the long-term value proposition. Also, the newly introduced XRP futures and growing integration into fintech platforms and digital ecosystems are increasing institutional and consumer interest. These developments increase XRP's utility and create potential demand surges that can impact its market price over time. If you're a crypto investor looking beyond short-term volatility and focusing on fundamentals, XRP is still a good contender. After all, unlike Bitcoin, which is mainly seen as digital gold and a store of value, XRP has real-world applications involving bridging the gap between traditional finance and the blockchain future. Ripple XRP's Path to Mainstream Adoption When Arthur Britto, David Schwartz, and Jed McCaleb launched XRP in 2012, they envisioned a technology that drives innovation across the rigid traditional financial sector. Today, XRP serves as the bridge between different currencies, offering real-time (3-5 seconds), low-cost ($0.0002 per transaction), and environmentally sustainable transfers without any central intermediaries. As evidence of this cryptocurrency's efficiency, its use cases have gone mainstream. From facilitating fast cross-border payments between major banks and digital platforms to allowing microtransactions in emerging digital economies, XRP is now a part of the fintech landscape. More specifically, it has grown in popularity among crypto gamers. New online sweepstakes casinos are among the top gaming platforms that support XRP transactions. This setup is ideal for players who enjoy casino-style titles in a social environment. They can save their precious coins and use them only when purchasing sweep coins—a currency used to participate in games that offer a chance to win real rewards. Otherwise, you can use gold coins and still enjoy your favorite casino-inspired titles at no extra cost. As Ripple XRP's use cases continue to grow, XRP is quickly moving from a niche crypto to a foundation of modern financial infrastructure. And with XRP futures going live in May 2025, the asset is entering a new phase of maturity that signals broader institutional interest and market legitimacy. Always Exercise Caution Before Investing During the short time cryptocurrencies have been in existence, one thing remains true – the crypto market is highly volatile. That means there is no guarantee the XRP market price will be higher in the next few years. That's why investors should approach the crypto market with caution. So, even if XRP hits a 240% increase and its price jumps to $7.50 over the next twelve years, it's unlikely to be a smooth upward trajectory. Investors should expect significant price swings and be ready to weather periods of high volatility.
Yahoo
14-05-2025
- Business
- Yahoo
SEC issues warning as fear drives fresh market rally
The U.S. Securities and Exchange Commission (SEC) advised investors to "Say NO GO to FOMO" in a post on X, which is part of a renewed effort in response to potential over-exuberance among retail traders with the crypto markets heating back up. The SEC's post, which was made on May 13, brings attention to digital assets and meme stocks. The SEC's message is not just a fun one, but contains a more serious message — where investors are cautioned to not be influenced by trends, influencers, or viral hype when making investment decisions. 'Just because your favorite influencer or celebrity is endorsing something doesn't mean it's the right investment for you,' the SEC posted on its educational site, The agency reiterated the importance of having a well-diversified portfolio, not following trends in the short-term, and building a respectable long-term prospect instead of simply pursuing speculative highs. The SEC maintained a very definitive approach to crypto under what was then Chair Gary Gensler. The SEC reprimanded Ripple Labs, sued Coinbase, organized for multiple tokens to be labeled as unregistered securities, and many other notable events. With Paul Atkins in charge, the tone has changed. Atkins has communicated openness to digital assets, a clear regulatory framework, and even more means not previously available to do so. The recent FOMO warning also shows the agency still wants investors to exercise caution. As per Kraken's price feeds, Bitcoin is trading at $104,676, up 2.6% in the last 24 hours and 10.3% over the past week. Ethereum has surged 8.7% daily, now priced at $2,674.25. The global crypto market cap stands at $3.52 trillion, marking a 1.6% increase.
Arabian Post
13-05-2025
- Business
- Arabian Post
Ripple's Legal Triumph Reshapes Crypto Regulatory Landscape
Ripple Labs has reached a landmark settlement with the U.S. Securities and Exchange Commission , concluding a protracted legal battle that has significantly influenced the cryptocurrency sector. The agreement entails Ripple paying a reduced fine of $50 million, down from the initially imposed $125 million, without admitting any wrongdoing. This settlement, pending approval from the SEC and the presiding judge, marks a pivotal moment in the ongoing discourse surrounding digital asset regulation. The SEC's lawsuit, initiated in December 2020, accused Ripple of raising over $1.3 billion through unregistered securities offerings by selling its XRP token. A critical development occurred in July 2023 when U.S. District Judge Analisa Torres ruled that while XRP sales to institutional investors violated securities laws, XRP sales on public exchanges did not constitute securities transactions. This nuanced decision provided a partial victory for Ripple and set a precedent for how digital assets might be classified in the future. The resolution of this case has had immediate market implications. XRP's price surged by approximately 14%, reaching highs of $2.59, reflecting renewed investor confidence. The token's market capitalization also saw a significant increase, positioning XRP as the third-largest cryptocurrency by market value. This market response underscores the broader industry's anticipation for regulatory clarity and the potential for increased institutional adoption. The settlement aligns with a broader shift in the SEC's approach to cryptocurrency regulation under the current administration. The agency has recently dropped several high-profile cases against major crypto exchanges, signaling a move towards a more collaborative regulatory framework. President Donald Trump's administration has expressed support for the crypto industry, with initiatives such as the establishment of a government crypto reserve that includes XRP and the nomination of Paul Atkins, known for his pro-crypto stance, to chair the SEC. Ripple's legal victory also opens the door for potential advancements in the cryptocurrency market infrastructure. Analysts suggest that the favorable outcome could pave the way for the approval of an XRP-based exchange-traded fund , further legitimizing the asset class and providing investors with more accessible investment vehicles. Additionally, the classification of XRP as a commodity rather than a security could lead to less stringent oversight and encourage broader adoption. Arabian Post – Crypto News Network
Axios
12-05-2025
- Business
- Axios
Behind the scenes: Ballard back in West Wing
Florida-based lobbyist Brian Ballard is no longer in the White House dog house, after scoring a Friday sit-down with President Trump and his chief of staff. Why it matters: Ballard, a longtime Trump fundraiser and adviser who once lobbied for the Trump Organization, earned the ire of the White House after his firm circumvented the regular channels for lobbying on behalf of a cryptocurrency client. A Ballard Partners associate persuaded Trump at a fundraiser to issue a March 2 Truth Social post that benefited the company Ripple Labs, a Ballard client. Trump's post blindsided the White House's crypto czar, David Sacks, who promptly complained. The intrigue: Several Trump allies struck back Thursday via a brutal Politico story that detailed the controversy and said Ballard was frozen out. That would be close to a death sentence for a firm whose substantial Washington presence is tied in great part to his access to the president and senior administration officials — including Chief of Staff Susie Wiles, who worked for Ballard years ago. So Ballard cut short a European vacation and scored a meeting with Trump and Wiles. Inside the room:"They had a good conversation," said an administration source familiar with the "very cordial" meeting. "The president spoke his piece. Brian spoke his, and apologized." "There's a reset. It's back." The big picture: The underlying story provides a rare behind-the-scenes glimpse of the way power flows around Trump — and shows just how difficult it is for Trump's staff to keep special interests at bay. "Ballard's not a pariah, at least not anymore," said a second source familiar with the meeting. "You don't get a 30-minute meeting with the president and Susie and not have clout."
