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Is this what's been pumping XRP ?     

US Court Dismisses Claims Against XRP: Report Shows Ripple Paid Moneygram $15.1M in Q2

The Northern California District Court finds that claims against Ripple Labs and its token made by two investors cannot be proven.

The legal dispute, which began in May 2018, pitted Ripple Labs including CEO Brad Garlinghouse and disgruntled investors.

According to a report, the discontented investors wanted the court to determine whether the “native token XRP is, or is not a security by legal definition.”

The investors insist that “Ripple should have made a formal application to the U.S. Securities Exchange Commission (SEC) for their cryptocurrency XRP to become a security.”

Ripple is “adamant of the latter” and has maintained it is innocent of any legal wrong-doing throughout the proceedings.

According to court findings published online by Law360, the court made the following verdict:

The court found that the lead plaintiff failed to provide the necessary evidence in the courtroom to support multiple claims regarding XRP’s non-security status, Brad Garlinghouse’s personal holdings and monetary intentions, XRP’s sale strategy, as well as the company’s software products.

The court file concludes that “all of these accusations were ‘purported misstatements.’”

The Northern California District Court also said the plaintiff “failed to offer the factual allegations needed to show that Ripple and Mr. Garlinghouse’s statements were false when made”.

For its part, Ripple’s legal team had argued that all outstanding fraud claims were “unsupported leaps of logic.” In June 2019, Ripple’s legal team applied for a court dismissal of the claims.

In an unrelated matter, Moneygram reports it received $8.8 million net benefits from Ripple. The global remittance agency says the market development fees, which totaled $15.1 million is “partially offset by related transaction and trading expenses of $6.3 million.”

In its 2019 annual report, Moneygram defines the market development fees as the compensation for providing liquidity to Ripple’s On-Demand Liquidity (ODL) network

Ripple, which completed the acquisition of a stake in Moneygram in 2019, has so far paid Moneygram $43 million to provide liquidity for its ODL network.

 

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The whole market was pumping, not just XRP. If anything, it was the approval for bank custodianship. 

I'm with you on this one, XRP has outstripped BTC over the past week and is showing signs that the run isn't over. Plenty of trade over the wekend too when weekends are generally weak on buyers. Peopl

XRP lagged behind other cryptos for a long time. XRP's market cap used to be higher than ETH's. ETH's market cap is now three times XRP's. The money is finally rotating to our favor now. There doesn't

4 hours ago, 3GO3D said:

Is this what's been pumping XRP ?     

US Court Dismisses Claims Against XRP: Report Shows Ripple Paid Moneygram $15.1M in Q2

The Northern California District Court finds that claims against Ripple Labs and its token made by two investors cannot be proven.

The legal dispute, which began in May 2018, pitted Ripple Labs including CEO Brad Garlinghouse and disgruntled investors.

According to a report, the discontented investors wanted the court to determine whether the “native token XRP is, or is not a security by legal definition.”

The investors insist that “Ripple should have made a formal application to the U.S. Securities Exchange Commission (SEC) for their cryptocurrency XRP to become a security.”

Ripple is “adamant of the latter” and has maintained it is innocent of any legal wrong-doing throughout the proceedings.

According to court findings published online by Law360, the court made the following verdict:

The court found that the lead plaintiff failed to provide the necessary evidence in the courtroom to support multiple claims regarding XRP’s non-security status, Brad Garlinghouse’s personal holdings and monetary intentions, XRP’s sale strategy, as well as the company’s software products.

The court file concludes that “all of these accusations were ‘purported misstatements.’”

The Northern California District Court also said the plaintiff “failed to offer the factual allegations needed to show that Ripple and Mr. Garlinghouse’s statements were false when made”.

For its part, Ripple’s legal team had argued that all outstanding fraud claims were “unsupported leaps of logic.” In June 2019, Ripple’s legal team applied for a court dismissal of the claims.

In an unrelated matter, Moneygram reports it received $8.8 million net benefits from Ripple. The global remittance agency says the market development fees, which totaled $15.1 million is “partially offset by related transaction and trading expenses of $6.3 million.”

In its 2019 annual report, Moneygram defines the market development fees as the compensation for providing liquidity to Ripple’s On-Demand Liquidity (ODL) network

Ripple, which completed the acquisition of a stake in Moneygram in 2019, has so far paid Moneygram $43 million to provide liquidity for its ODL network.

 

It's not the news. The bitcoin got pumped and now some of the gains are transfered to alts

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21 hours ago, ringer2 said:

The whole market was pumping, not just XRP. If anything, it was the approval for bank custodianship. 

But there seems to be more than that. Over the past few days we've seen XRP rising by something like 65% (!) while BTC gained around 12% over the same period. That's too much of a difference to me to bring it down to sentiments in the market.

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I'm with you on this one, XRP has outstripped BTC over the past week and is showing signs that the run isn't over. Plenty of trade over the wekend too when weekends are generally weak on buyers. People are searching for a " Safe haven " for their wealth, Gold & Silver have performed really well since the Covid nightmare arrived and the BTC has attracted new money. But the Big news is the rise in Crypto adoption as people lose faith in the Fiat Currencies. Due diligence now points to XRP eventually being the leader of the pack.

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33 minutes ago, Gamblord said:

It's bitcoin. XRP pumped last as usual. I expect more of the same. Bitcoin will hit 20k before XRP can dream of $3 again.

Bitcoin went from roughly $ 9k to $ 11k over the last 2 weeks. That's nice, but still a long way from the + 60%  or more as we're seeing with XRP right now.

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damn, it did it 

these days I just watch for the juicy BTC pairs. like the XTZBTC pair is sitting below a level it hasn't spent much time under since february, looks like it's ready to cycle back up to the top of the trading range...

Just like XRP just did breaking above that 2200 line. I think XRP will make a last gasp for 3k sats and then chill for a few days. when it's ready to break 3k though there's very little resistance until 4k

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13 hours ago, 3GO3D said:

I'm with you on this one, XRP has outstripped BTC over the past week and is showing signs that the run isn't over. Plenty of trade over the wekend too when weekends are generally weak on buyers. People are searching for a " Safe haven " for their wealth, Gold & Silver have performed really well since the Covid nightmare arrived and the BTC has attracted new money. But the Big news is the rise in Crypto adoption as people lose faith in the Fiat Currencies. Due diligence now points to XRP eventually being the leader of the pack.

Wait, you think people perceive XRP as a “safe haven”? 😵😂

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On 8/3/2020 at 2:43 PM, DucPeter said:

 

There always seems to be a lag. I need to do some proper numerical analysis but the pattern I see it.

1. Whales get tether printed to pump up the BTC price

2. Rather than sell out direct from BTC, which will bring the price down too quickly they convert to Alts, that pumps up the Alt price without hitting the dollar price of BTC.

3. With any luck that gets some new money into both BTC and Alts. They they start selling their BTC and Alts

Sometimes the "new money" that comes in (which the whales need to cash out) seems to stick, like it has with Ether the last few months.

 

 

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On 8/4/2020 at 4:07 AM, ringer2 said:

Wait, you think people perceive XRP as a “safe haven”? 😵😂

Time will answer that one...   Best advice is to have a diverse portfolio if you need a " Safe Haven " of any sort for any reason.  Before the opportunity to gamble on Crypto came along I'd had 15 yrs stacking silver when everyone thought it a stupid investment. Went in heavy on Gold just before the Coronavirus Crisis @ $1500 an ounce.  Sometimes it pays off to play the long game, others the short one...  Imho  Xrp is a long one... but it's time will come. 

Feel Better Get Well Soon GIF by reactionseditor

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