Jed McCaleb, former Ripple CTO, received 408,123,659 XRPs, valued at the time of the transaction about US$420,345,540 as part of a legal agreement he has with his ex-company.
Revolut issued a notice informing it’s users that XRP, once the third-biggest cryptocurrency by market value, could become useless.
Bybt recently estimated that Grayscale had withdrawn XRP from its investment funds. The move came a day after the United States Securities and Exchange Commission (SEC) filed against Ripple, and as a result, Grayscale has decided to focus more on Bitcoin.
Ripple legal troubles seem to be rising each day. As per the Block report on Dec 28, 21Shares, a Swiss-based asset manager, is delisting XRP from its exchange-traded products (ETP) in line with the firm’s index rules and on recent event’s of Ripple.
Some exchanges dropped XRP from their listings or even suspended trading the asset, after US Securities and Exchange Commission (SEC) filling a suit against the two XRP’s executives.