XRP Undergoes Ledger Upgrade and Faces SEC Discrepancies Amid Hoax Filing

By: Eliza Bennet

The XRP community saw mixed news as, on one hand, the cryptocurrency's ledger underwent a significant upgrade, with new functionalities and improvements introduced. On the other, XRP faced substantial fluctuations due to a hoax trust filing involving BlackRock that spiked the currency's price and raised concerns with the U.S. Securities Exchange Commission (SEC).

The latest upgrade to the XRP ledger brought four new changes and proposed four amendments. These introduced APIV2 with enhanced functionalities and focused on improving transaction per second performance and stability, the introduction of a new RPC method for applications to connect to networks, and other changes including bug fixes and rewritten codes for better readability and efficiency. (source)

A false BlackRock XRP trust filing resulted in a sharp rise and fall of XRP's price. The incident, though not expected to impact the SEC's decision regarding spot Bitcoin ETFs, was seen as strengthening the commission's previously stated concerns about market manipulation in the crypto industry. (source)