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Finance

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Why Individuals Receiving SSI Will Obtain Dual Payments in December

December 2, 2023 Aklimson Phangcho 0

As we approach the dawn of 2024, the Social Security Administration (SSA) has unveiled several noteworthy adjustments that will impact beneficiaries. From early payments to […]

XRP Price Explodes Over 70% as Judge Rules In Favor of Ripple in SEC Case XRP, the native cryptocurrency of the Ripple network, has surged by more than 70% in the past 24 hours, reaching its highest level since May. The price spike came after a U.S. judge denied the Securities and Exchange Commission's (SEC) request to access Ripple's legal communications. What is the SEC's lawsuit against Ripple? The SEC filed a lawsuit against Ripple and its executives in December 2020, alleging that they sold $1.3 billion worth of XRP as unregistered securities. Ripple has argued that XRP is not a security, but a digital asset that is used for cross-border payments and remittances. The company also claimed that the SEC did not provide fair notice to the market about its regulatory status. How did the judge rule in favor of Ripple? On June 30, U.S. Magistrate Judge Sarah Netburn denied the SEC's motion to compel Ripple to produce documents related to its legal advice on XRP. The judge ruled that Ripple's communications with its lawyers are protected by attorney-client privilege, and that the SEC failed to show a "substantial need" to access them. The judge also noted that the SEC's request was "overly broad" and "disproportionate". What does this mean for XRP and the crypto market? The judge's ruling is seen as a major victory for Ripple and a setback for the SEC, as it could weaken the agency's case against the company. The ruling also boosted the confidence of XRP investors, who have been waiting for a resolution of the legal dispute. XRP's price jumped from around $0.6 to over $1 in a matter of hours, making it one of the best-performing cryptocurrencies in the market. The rally also lifted other altcoins, such as Stellar, Cardano, and Dogecoin. What are the next steps in the lawsuit? The lawsuit is still ongoing, and both parties are expected to continue their discovery process until August 31. The SEC has also filed a motion to extend the deadline for fact discovery by 60 days, citing the complexity of the case and the need for more time to review documents. Ripple has opposed this motion, arguing that it would cause further harm to its business and customers. The judge has not yet ruled on this motion. Conclusion XRP's price has exploded over 70% as a U.S. judge ruled in favor of Ripple in its lawsuit with the SEC. The ruling denied the SEC's request to access Ripple's legal communications, which are protected by attorney-client privilege. The ruling is seen as a major win for Ripple and a boost for XRP investors, who have been waiting for a positive outcome of the case. The lawsuit is still ongoing, and both parties are expected to continue their discovery process until August 31.

XRP remains outside Ripple’s Liquidity Club even after 5 months? Here’s how Ripple CTO reacts

December 2, 2023 Najuk Priya 0

Ripple has expanded its Liquidity Hub program to include stablecoins USDT and USDC products, especially for institutional investors. However, it became embroiled in a slew […]

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XRP Supporters Protest Binance’s XRPL Network Suspension

December 1, 2023 William Ross 0

According to a report from Bloomberg, the XRP army is rallying after Binance temporarily froze XRPL network access. The freeze was reportedly implemented in response […]

XRP Skyrockets 26% Following New York Judge’s Ruling in SEC Lawsuit

XRP Price Suppression: Expert Believes XRP Is Being Purposely Suppressed

December 1, 2023 William Ross 0

Jerry Hall, a pro-XRP crypto YouTuber, believes that the price of XRP has been suppressed for years. Hall’s belief stems from his observation of Ripple’s […]

Cristiano Ronaldo

Cristiano Ronaldo Sued for $1 Billion Over Allegedly Deceptive Binance NFT Promotion

December 1, 2023 William Ross 0

Cristiano Ronaldo has been hit with a $1 billion class-action lawsuit alleging that he misled investors into purchasing Binance NFTs. The lawsuit was filed in […]

Massive 29 million XRP transaction to Bitstamp signals price decline

Ripple and SEC To Meet to Discuss Potential Settlement in Landmark Legal Battle

December 1, 2023 William Ross 0

In a highly anticipated move, Ripple Labs and the United States Securities and Exchange Commission (SEC) are set to meet today, December 1, 2023, to […]

Landmark IRS Victory Sets Stage for Increased Hedge-Fund Manager Taxes

Landmark IRS Victory Sets Stage for Increased Hedge-Fund Manager Taxes

December 1, 2023 Shrabani Sarkar 0

The Internal Revenue Service scored a significant win over the hedge-fund and asset-management industries this week in a case that could bring higher taxes for […]

Social Security Payments Paused Nov 29: Unveiling the Brief Disruption

Social Security Payments Paused On this date: Unveiling the Brief Disruption

November 30, 2023 Shrabani Sarkar 0

Wednesday is an important day for the Social Security Administration (SSA), when payments are usually delivered to those receiving Social Security benefits. This is the […]

Ripple's XRP Services

Ripple’s Metaco Acquisition: A Bullish Sign for XRP

November 30, 2023 William Ross 0

HSBC’s choice of Metaco as custody tech partner seen as a sign of things to come The news that Metaco, the Swiss digital assets custody […]

Binance Records Net Inflow of $1.2B in 24 Hours

DoJ Inquiry Puts Binance’s Thailand Expansion at Risk

November 30, 2023 William Ross 0

Binance, the world’s largest cryptocurrency exchange, is facing increased regulatory scrutiny in Thailand, casting doubt over the future of its operations in the country. The […]

UK Offers Crypto Tax Amnesty to Incentivize Disclosure

UK Offers Crypto Tax Amnesty to Incentivize Disclosure

November 30, 2023 William Ross 0

The UK’s tax authority, Her Majesty’s Revenue and Customs (HMRC), has announced a crypto tax amnesty program to bring crypto holders into the tax fold. […]

US Debt Soars Amid Falling 401(k) Balances: Expert Insights

US Debt Soars Amid Falling 401(k) Balances: Expert Insights

November 30, 2023 Shrabani Sarkar 0

Americans are raiding their retirement accounts to make ends meet and that’s going to cost them big time down the road. Partial withdrawals soared last […]

Emergency Loans and Bad Credit Lending Options in Sri Lanka with LoanPlus

Getting a Loan With Bad Credit? Tips and Options With LoanPlus

November 29, 2023 William Ross 0

Understand your current CRIB credit report status and compare specialized lenders like LoanPlus when trying to qualify for personal loans or quick payday loans in Sri Lanka with a negative record.

Managing multiple loans or one loan with unfavourable repayment conditions can hinder your journey to financial freedom. If you find yourself wanting to streamline your repayment process and negotiate better terms for yourself, you may have come across two potential solutions: loan consolidation and loan refinancing. They represent distinct strategies with different objectives, requirements, and outcomes, and borrowers should understand their differences, benefits, and considerations before applying for either one.

Loan consolidation vs. Loan refinancing – what is the difference?

November 29, 2023 William Ross 0

Managing multiple loans or one loan with unfavorable repayment conditions can hinder your journey to financial freedom. If you want to streamline your repayment process […]

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Bitcoin Price Surges Past $38,000 as SEC Delays BTC ETF Decision

November 29, 2023 William Ross 0

Bitcoin price skyrocketed to $38,000 on November 29, 2023, as the Securities and Exchange Commission (SEC) delayed its decision on a proposed Bitcoin exchange-traded fund […]

Stimulus 2023: Ann Arbor City Council Introduces Guaranteed Income Program

$1,800 Social Security Payments: When and How to Get Yours in December 2023

November 29, 2023 Emma Grace 0

The Social Security Administration will send out the last Social Security and SSI benefits of the year in December. The Social Security Administration (SSA) is […]

Effects of PAN Card on CIBIL Credit Score

Effects of PAN Card on CIBIL Credit Score

November 29, 2023 Priyanka Pandey 0

The credit score is a pivotal factor in your financial life, impacting your eligibility to secure loans, credit cards, and favourable rates of interest. In […]

Sensetime Stock Tumbles Amidst Revenue Inflation Allegations by Short Seller

Chinese AI Firm SenseTime Accused of Inflating Revenue, Shares Take a Tumble

November 28, 2023 Shrabani Sarkar 0

Shares of SenseTime fell as much as 9.7% on Tuesday after U.S. short seller Grizzly Research alleged the Chinese artificial intelligence firm inflated its revenue. […]

SouthState Bank to Pay $2.65 Million for Illegal Overdraft Fees

SouthState Bank to Pay $2.65 Million for Illegal Overdraft Fees

November 28, 2023 William Johnson 0

CenterState Bank, now known as SouthState Bank, has agreed to pay $2.65 million to settle a class action lawsuit alleging that the bank illegally charged […]

Ripple's IPO Uncertain Amidst SEC Scrutiny

Ripple’s IPO Could Be Delayed Due to Regulatory Hurdles

November 28, 2023 William Johnson 0

According to a new report from Ripple Labs, Ripple, the payments company behind the XRP cryptocurrency, is facing the possibility of a delayed IPO due […]

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