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Ripple’s XRP token has had quite a bullish year. The asset breached the $3 mark in January of this year for the first time in seven years. The asset’s price has since fallen to the mid-$2 levels. XRP seems to be making another journey to the $3 mark. The asset’s price has risen 3.4% in the daily charts, 21.1% in the weekly charts, 14.7% in the 14-day charts, 21.3% over the previous month, and 410.1% since May 2024. Also Read: US Blocks Global Use of Huawei AI Chips in Brutal Crackdown: Nvidia Stock Set to Soar Source: CoinGecko Crypto Market Makes Big Moves Source: Watcher Guru The crypto market has been experiencing quite a surge over the last few days. Bitcoin (BTC) tested the $105,000 level but has fallen to the $103,000 price point. BTC’s climb to above $100,000 may have led to a boost in investor confidence. XRP and other assets are likely following BTC’s bullish trajectory. Also Read: BlackRock Seizes $22.8B Panama Ports in Quiet Power Move The bullis...

Ripple Labs donated $4.9 million to Donald Trump’s January inauguration, just three months before the Securities and Exchange Commission (SEC) began pausing lawsuit appeals and reducing fines against the crypto firm. The details of Ripple’s donation — the second largest after the $5 million handed over by poultry producer Pilgrim’s Pride — were made public on Sunday as part of a filing submitted to the Federal Election Commission. According to a list compiled by publisher Fortune, crypto firms and leaders were responsible for $18 million of the inauguration’s $239 million in donations. Crypto exchange Coinbase and investment firm Galaxy Digital donated $1 million each, while more modest gifts came from Yuga Labs and Consensys, which both donated $100,000 . SEC wants to settle with Ripple, drops Helium case Read more: Bank of America lobbies to dethrone Tether and Circle Earlier this month, the SEC and Ripple filed to pause the regulator...

Investors who bought the token that “Hawk Tuah” meme star Haliey Welch launched earlier this month are taking legal action against the people behind the project. The price of Welch’s Solana (SOL)-based memecoin HAWK surged shortly after it went live earlier this month, but the token lost more than 95% of its value a few hours later, leading to accusations of a pump-and-dump scheme. A pump-and-dump scheme is a fraudulent practice in crypto that involves artificially inflating the price of a low-value token through hype and misrepresentation. Once the price of the coin goes up, those behind the scheme sell their holdings at a high price, crashing the price of the token. In a post on social media platform X, New York-based Burwick Law says it just filed a federal lawsuit on behalf of investors who bought the HAWK token. “This case involves claims related to investor protections under federal law and the HAWK TUAH memecoin HAWK launched on December 4, 2024.” A...

Elon Musk’s X (formerly Twitter) is launching a lawsuit against streaming service Twitch, alleging their advertisers conspired to boycott the social platform. X first filed the complaint in August against members of the Global Alliance of Responsible Media. The Musk-owned social platform has added Twitch as a defendant in the lawsuit, accusing advertisers of colluding to withhold ad spend. Twitch is owned by Amazon (AMZN). https://twitter.com/WatcherGuru/status/1858920730571731396 The addition of Twitch as a defendant to the suit indicates that X has no plans to de-escalate its legal fight against boycotting advertisers. This battle has been ongoing between X and advertisers since this past summer in court. The original complaint from Musk’s X accuses members of the Global Alliance of Responsible Media, a now-discontinued initiative that was led by advertising trade body the World Federation of Advertisers, of illegally colluding to “collectively withhold billions of d...

Your guide: How High Will XRP go after Lawsuit? The performance of the XRP token over the past several years has been much shaped by the continuous legal conflict between the United States Securities and Exchange Commission (SEC) and Ripple Labs, the firm behind the coin. Investors and the larger crypto community are intently observing as Ripple has lately earned a string of partial successes against the SEC to see how this may affect the future path of XRP. So, if you’ve ever wondered, “How High Will XRP go after Lawsuit?” you’re in luck. Today, we’ll cover this and more. Keep reading to find out more. Also read: BRICS to Unveil De-Dollarization Roadmap at 2024 Summit? XRP’s Tumultuous Price History XRP’s path has been one of amazing highs, sharp declines, and protracted slowdowns. Launched in 2013, the token experienced minimal notable price activity until the 2017 bull run. But important events like Ripple’s 2018 xRapid product introduc...

Swan Bitcoin has filed a lawsuit against Proton Management, a bitcoin mining firm made up of former Swan consultants, claiming that these executives “hatched and executed a ‘rain and hellfire’ plan to steal Swan’s” mining business.  Specifically, the suit alleges that several consultants who were a part of Swan’s Bitcoin mining operation allegedly planned to misappropriate Swan’s intellectual property to operate a “copycat company” that was also funded by Tether. The lawsuit includes an email that appears to show a discussion about how best to execute the exit and says, “Tether needs to send default notice.” Screenshot from the lawsuit . The Timeline According to the lawsuit, in June 2023, Swan Bitcoin CEO Cory Klippsten learned of a bitcoin mine in Australia that was trying to raise funding. He apparently discussed this opportunity with Giancarlo Devasini, the CFO of both Bitfinex and Tether, and the two agreed to ...

Alex Mashinsky, the founder and former CEO of Celsius Network, a centralized crypto lender that folded in 2022, has been directed by a Manhattan state court judge to  respond  to a lawsuit initiated by New York Attorney General Letitia James. The lawsuit alleges civil fraud, claiming that Mashinsky misled investors by portraying Celsius Network as a safe banking alternative while withholding its risks and significant investment losses. Judge Margaret Chan, overseeing the case, found evidence suggesting a link between Mashinsky’s actions and the financial losses suffered by investors.  James contends that Mashinsky misrepresented Celsius Network’s financial stability and investment safety and harmed investors.  You might also like: Former Celsius CEO Mashinsky to be released on $40m bail Specifically, the lawsuit asserts that Mashinsky’s false claims about the lender’s financial health and investment security played a role in the financial lo...

A former Illinois judge has been ordered to cough up $1.2 million after allegedly stealing over $380,000 from a WW2 veteran who entrusted her to manage his finances — instead, she pocketed the cash and spent it on Crypto currency, according to the state. 95-year-old Oscar Wilkerson Jr. served as a pilot for the Tuskegee Airmen regiment, America’s first all-black aviation combat unit. After his military service during WW2, the veteran reportedly worked at radio stations in Chicago . In November 2020, Wilkerson was moved to an elderly home. When his health declined, a friend was granted power of attorney. Wilkerson’s niece on his late wife’s side, County Judge Patricia Martin, was asked to help manage Wilkerson’s finances; she agreed to maintain his bank accounts and pension pots for his own benefit. Martin was a judge in Cook County’s juvenile court for 24 years. However, she retired just one month after she agreed to help Wilkerson. Lawsuit al...