Ripple is under fire, being slapped with a class action suit. The plaintiff claims ripple is an infinite ICO and that it uses misleading promotions.
People need to take responsibility for their investments.
The NYSE is talking about developing a cryptocurrency exchange of their own, not simply a bitcoin futures market. This could open the doors to a mountain of fiat investment. Capital injected from an exchange like theirs could take the market into the multi trillions.
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Null and void
People need to take responsibility for their investments.
People really should, they should first go through each and everything before investing in anything.
Capital injected from an exchange like theirs could take the market into the multi trillions.
I hope this comes true.
Yeah that is so true...
I was about to make a mistake....
Guess CK saved me...
I have prior knowledge but I have never paid close attention to Ripple.
Ripple is a real shame and it is the 3rd coin on the market cap
As I have read, it is seemingly like a security. The way it commenced; The coin is already available and mined and is just been given out as rewards for bringing new users. This closely looks like MLM marketing that works on the referral system.
Oh thanks for this mews i was almost at the verge of i.vesting my money in Ripple...thanks for the news CONNORKENNY ....
surely gonna invest mlre in HODL...
Oh, so it's like that! Thanks for the news, man.
Well... mountain of the fiat investment sounds great, is it!? :)
I won in the steem giveaway! No way, thanks man! I didn't expect that at all!!))
Yeah, I also observed that. Thanks for the detailed video. :)
Law firm Taylor-Copeland law has filed a class action suit against Ripple Labs for the sale of unregistered securities, according to the official complaint filed yesterday, May 3. The lawsuit targets Ripple, its subsidiary XRP II, and Ripple CEO Brad Garlinghouse, alleging that Ripple’s sale of XRP tokens is a violation of U.S. securities laws.
According to the complaint, the plaintiff, an individual named Ryan Coffey, purchased 650 XRP on Jan. 5 and sold it on Jan. 18 of this year for USDT, which he then exchanged for USD, sustaining a loss of around 32 percent, or $551.89.
One of the points in the body of the lawsuit is that the plaintiff did not expect to lose money on his investment due to the promotional practices of Ripple Labs, i.e. retweeting favorable article about XRP and attendendance by Garlinghouse at crypto conferences:
So basicly a thick dickhead sold out his investment when the market was in a dip and is now trying to blame everyone but himself for loosing money. Like stock market investments never go wrong? Pathetic really! Would be nice if the plaintiff got sentenced for wasting the courts time!
informative
keep it up
highly appreciated
Nice just uploaded a video about this NYSE news aswell! Super Big news people are understimating it!.
The best way to recover rights is
Judicial proceedings
But we must prove the truth until we succeed in
Yeah well it seems like some bad news for Ripple. But I never really followed the coin because it's centralized and someone owns it. Meaning it's the same as putting your money into a bank account. It can get frozen any time by authorities.
As for the NYSE news, it sounds like some really positive news and that would definitely boost the prices up, because I'm pretty sure there would me a lot of investments after this.
The cat is out of the bag and what we all knew from the beginning just became public knowledge, bankers are scammy and Ripple is run by bankers so you better connect the dots.
This is going to be fun to follow and I can't wait to see all ripple poster boys and girls defending their shitty centralized coin.
About ripple look what i think about it
And that NYSE talk about support blockchain technology opening an exchange is too much positive for this market. Regards
It certainly could. R3 has some advantages that give it a potentially easier path to victory though.
Let me explain.
The disputed contract states R3 has the option has to purchase 5 billion XRP tokens for 0.0085.
Ripple is portraying the deal as a partnership gone bad with R3 not living up to the commitments required to exercise the option.
So R3 has clearer language on its side with Ripple needing to prove its claims regarding the vaguer terms around the commitments related to the partnership agreement.
So Ripple has a chance of winning. But it appears the burden of proof is on them so they have more of an uphill climb in making their case.
If R3 would win. It is certain is the price impact will be negative. The only question is the size.
If R3 looks to liquidate immediately. The price impact will be more severe.
If R3 looks to maximize the value of their stake and liquidate at a slower pace the impact could be relatively moderate.
I almost upvoted this, but it didn't sound right. Please respect original material.
Your source: https://steemit.com/ripple/@slmiller79/hidden-risk-factor-for-your-ripple-investment
I have never liked Ripple and always thought it was a big scam and a big bank centralized crypto currency that honestly just didn't have a place for the vision cryptocurrency has always had. It is not even decentralized
Huh. I thought Ripple was super cheap, rot got booze that bums drink...
Even so, from this post, I think that I'd rather have $10 worth of the cheap, rot gut Ripple booze, than I would the Ripple crypto.
They way Ripple owner is making money :p this was going to happen,
Hey bro i have heard someone saying that someone just invested huge amount IN EOs? that's the reason of ETh dip.
impressive!!
happy investing
I’m going balls deep on Ripple
wow superb cryptocurrency post,keep it up
i just watched your video ,,dear @investing
its so another great update of cryptocurrency,,its ripple review
its so great news,,from now i will investing money in ripple...its so fentastic path of invest..
...its ripple which seems to getting integrated with Banks ..and also other Financial content,,i agreed with you @investing
Misleading and misinformation could lead to lost of investment and the act of misleading promotions is not to be taken lightly in my opinion.
Thanks for the detailed video. You’re much appreciated
It can not be lost in ripple work. Well, I'll work with other cryptocurrencies. Thanks for the information @investing if it is not for your publication I do not know: /
i am the last winner ,,i am so lucky ..thanks @investing for choose me
i all time follow your crypto analysis,,its so effective
i just watched full video of ripple analysis..Ripple has been designed for used dint of
banks,,
and also companies that for money transportation.,,really another great update of crypto analysis
NYSE's initiative will be a great help and will provide ease to traders! Liked and commented on YouTube!
At last the rat is all in action.
Thanks for the update buddy ;)
Just completed watching your video.
it was so informative,
I never knew that Ripple ICo is still open.
XRP fan's, price has adjusted to our technical reversal. Looking at the D1, upside appears towards $1.23-$1.37. Keep an eye on those levels.
The next technical reversal is the breakdown of price on the 07/01/18.
Let's go $XRP!
RIP RIPPLE!! :D
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The newly appointed governor of South Korea’s Financial Supervisory Service (FSS) said that he sees “some positive aspects” to cryptocurrencies in a press conference today, May 6. The governor also said the FSS will be working on crypto regulatory “issues” in collaboration with other regulators, local news outlet The Korea Times reports.
Yoon Suk-heun, who will officially begin work on May 8, said that better crypto regulation “would produce” the kind of secure financial system that makes crypto-related products more accessible.
After South Korea banned anonymous trading on domestic crypto exchanges in December of this year, rumors circulated that an all-out crypto ban in the country was imminent, a claim denied by South Korea’s Finance Minister in January.
Yoon did not answer a question about how the FSS will deal with domestic crypto exchanges, instead replying that “there are a lot of issues that need to be addressed and reviewed. We can figure them out but gradually.”
After the non-anonymous trading ban was introduced – which also banned non-resident foreigners and South Korean citizens under 18 from trading – the “daily transactions of cryptocurrencies plummeted to around 400 billion won from 4 trillion won before the financial regulators implement the new regulation," VP of South Korean crypto exchange Bithumb Lee Jeong-ah told The Korean Times.
A spokesperson from South Korean crypto exchange UpBit told The Korean Times that they “don’t oppose regulations,” continuing:
“But you can't entirely kill the markets by simply imposing regulations. What the new FSS chief should think about is how the regulators should provide remedies to help crypto trading and blockchain technology get better.”
Blockchain developer Ripple Labs Inc. lost its shot at a home-court advantage in a dispute with rival R3 Holdco over ownership of cryptocurrency XRP that was once worth more than $16 billion.
A New York court will probably be the sole decider after a San Francisco state appeals court denied Ripple’s bid to fast-track an appeal of an order quashing a lawsuit against R3. San Francisco-based Ripple has argued that it would face "irreparable injury" if it has to battle on R3’s home turf in Manhattan
Okay took me some time to watch the whole video. ......
I think Bytecoin is mooning because of the Binance listing toady morning.
Ripple is going to moon again - Lawsuit or no lawsuit. BTC, ETH and XRP being the top 3 currencies are going to face more heat than any other crypto. Although I do have to agree that remnants of centralization in the XRP project do have several disadvantage.
Sure.
Is the plaintiff an investor too?
Wow. I'm sure nothing would come out of the suit.
Ripple isn't truly decentralized currency.
we have to keep calm...
interesting show today. It is amazing how one "little" guy can cause such a stink and make headlines that can effect prices. I'm also wondering if we need to have some bitcoin for when the money rushes in or will we be fine in just steem and eos. I like the income on steem and hadn't really thought I needed bitcoin anymore.
I like your videos and a chance to win steem thanks.
Oops.
Its a mistake...........
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STOPIt's sad news
thanks for the update
So sad
i thinks it's overcome as soon as possible
thanks for the update
the problem with crypto now is big players are getting in
nice video i watch your video on youtube great work and effort from you dear @investing
The U.S. Securities and Exchange Commission said in July that companies which raise money through the sale of digital assets must adhere to federal securities laws. The SEC has also subpoenaed firms and individuals behind coin offerings it believes might be breaking the law, a person with direct knowledge of the matter said earlier this year. An SEC spokesman declined to comment on the agency’s view of XRP at the time.
“XRP is a security,” the plaintiff said. “Defendants themselves have recognized that XRP investors have a reasonable expectation of profit, and publicly touted XRP’s price performance on numerous occasions.”
I saw your video on YouTube its about RIPPLE its really informative.
I saw your video on YouTube i was waiting your post on steemit thanks for sharing us about RIPPLE coin..
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