News View Non-AMP

BREAKING: Major News Coming For Ripple & XRP, Hints Former Director!

Published by
Qadir AK

In a cryptic Twitter post, former Ripple director Sean McBride has set the XRP community abuzz with hints of imminent “big” news from Ripple. The excitement is palpable, but skepticism looms large, given the history of unfulfilled promises by major companies that pledged to integrate Ripple’s technology, only to fall short.

Will this announcement be different? Or is this just for hype? Here’s the truth.

The Ripple Hype Rollercoaster

Sean McBride’s announcement triggers mixed reactions within the community. Past letdowns, such as Western Union’s unsuccessful experiments with Ripple’s technology and MoneyGram’s severed ties post-SEC charges, cast a shadow over the optimism surrounding McBride’s proclamation.

These instances have left XRP enthusiasts wary, questioning the credibility of promises and announcements in the volatile crypto sphere.

Also Read: XRPL Under Scrutiny: Will New SEC Rules Cripple the AMM Launch?

Ripple in the Headlines

Simultaneously, Ripple is embroiled in a legal tussle with the U.S. Securities and Exchange Commission (SEC), taking a new turn after a recent pivotal court ruling. The company is now seeking a one-week extension to disclose financial records, a request aligned with its efforts to comply with the SEC’s demands. Ripple aims to shift the deadline from February 12, 2024, to February 20, 2024, citing the need for additional time to gather and produce the extensive documentation required.

The SEC’s approval of this extension adds an intriguing layer to the legal saga, emphasizing the complexity of the ongoing dispute and its potential implications for Ripple’s future.

XRP: Security or Not?

Amidst these challenges, the classification of XRP as a security remains a central point of contention in the SEC-Ripple legal showdown. The outcome of this classification will undoubtedly have far-reaching consequences for Ripple, XRP, and the broader cryptocurrency ecosystem.

This Might Interest You: Ripple News: XRP Price Poised 400x Rally If This 2017 Pattern Repeats

Ripple Concerns Post-Hack

Complicating matters further, a recent hacking incident involving the disappearance of over 200 million XRP tokens from a co-founder’s wallet has raised alarms about security vulnerabilities in the cryptocurrency market.

This incident underscores the challenges and risks inherent in the rapidly evolving crypto landscape, prompting renewed discussions about the need for enhanced security measures.

Stay tuned with Coinpedia as the “big news” unfolds. We promise to bring you the latest developments as they happen – fresh, unbiased, as it is!

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

DeFi Development Announces Plans to Raise $100M to Buy More Solana: What Next for SOL Price?

Solana (SOL) price has signaled a possible further correction after being rejected above $160 earlier…

July 2, 2025

U.S. SEC Approves First Solana, XRP, and Cardano ETF: Is the Altcoin Summer Next?

The altcoin market has followed Bitcoin (BTC) in midterm weakness, amid historical demand from institutional…

July 2, 2025

Which Meme Coin Triumphs in 2025? Dogecoin, PEPE or Neo Pepe Coin ($NEOP) For Best Crypto

Pepe's Resilient Rebound Over recent days, Pepe Coin (PEPE) has captured renewed attention from traders…

July 1, 2025

BBB Warns of AI Voice Scams Just as Graphite Network Launches Phonebook MVP That Offers a Web3 Fix

On June 25th, 2025, the Better Business Bureau (BBB) issued an urgent alert about a…

July 1, 2025

Elon Musk’s xAI Bags $10 Billion While Trump Fires Shots on Social Media

Elon Musk’s AI startup xAI has raised a massive $10 billion in new funding, giving…

July 1, 2025

Best Crypto to Buy This Summer, Ethereum (ETH) Runs Hot, But This $0.03 Token Looks Sharper With 2x Upside

With Ethereum (ETH) heating up again in early summer activity, large-cap investors are doubling down…

July 1, 2025