Ripple

With the Bear market facing the crypto industry, several investors are asking themselves the crucial question of whether Ripple (XRP) is a security or not. The magnitude of the bear market could even increase more and more if SEC makes a decision on whether or not the second largest digital currency is regarded a security.

Bitcoin (BTC), the flagship crypto by volume fell to $4,480 on Tuesday, November 20, while Ripple (XRP), Ethereum (ETH) and Bitcoin Cash (BCH) also dropped to annual lows of $0.450, $132 and $206 respectively.

Ripple Labs, based in San Francisco, has now consolidated its lawsuits that are still ongoing into one tractable federal action. This effort has been dubbed "tactical brilliance" and "slick" by Jake Chervinsky, Securities litigation attorney, Kobre & Kim. It now meets all the necessary requirements that are specified under the U.S. Class Action Fairness Act (CAFA).

While the Technical Charts are showing a downward trajectory of Bitcoin (BTC), the flagship crypto, other digital currencies such as Ripple (XRP) are holding well to a noteworthy extent.

South Korean local police conducted a serious operation that led to five hackers being arrested and put behind bars on Thursday November 8, 2018 for illegally installing malicious cryptocurrency mining malware on over 6,000 active computers (PCs) with the aim of stealing cryptos such as Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC) and others. The Korean government together with the police and other authorities pay allegiance to protect people and their property.

The cryptocurrency market valuation is most likely  to strike $1 trillion this very year, the market cap of digital currency appears to just rise by a small margin. Although some of the cryptocurrencies are cumulatively declining, the market cap appears to soar year-on-year. As the 10 year anniversary of BTC whitepaper was celebrated, many cryptocurrencies like Bitcoin,  Ethereum, Ripple, Litecoin, Bitcoin Cash and others observed the event with intense green trading period.

Following weak momentum that had surrounded several digital currencies, indications of a market correction were observed on November 1. Candlesticks were green on Thursday this week for most leading digital currencies. This is a big boost to crypto traders and investors although the whole bearish trend hasn't slackened. Some of the cryptos with the most prudent momentum increase are Ripple (XRP) with 2.22% and Bitcoin (BTC) with 0.9% on hourly charts.

While at the SBI Financial Results briefing, Yoshitaka Kitao, CEO of SBI Group, proclaimed that the company has already started discussions to develop a project for R3 which uses Ripple more widely.

Ripple (XRP) officially released this year's third quarter (Q3) markets report. The report indicated how XRP is flourishing as a firm and how they currently see the digital currency market.