Investing.com– Bitcoin price rose slightly on Thursday as broader market volatility kept traders largely averse towards cryptocurrencies, although XRP rose sharply after issues Labs was ordered to pay a fraction of penalties sought by the SEC.
climbed 1% to $57,969.0 by 09:03 ET (13:03 GMT). While the token did recover from lows of around $49,000 hit earlier this week, it still remained shy of levels seen before a crippling rout on Monday.
XRP surges as Ripple ordered to pay $125 mln fine to SEC
rose over 18% to $0.61 after Ripple Labs, the issuer of the token, was ordered to pay $125 million in fines to the Securities and Exchange Commission.
District Jude Analisa Torres, of the Southern District of New York, levied the fine on Ripple after finding that Ripple violated securities law in its institutional sales of XRP.
Ripple was also slapped with an injunction to register any further…
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