Ripple has filed a motion seeking dismissal of the suit ahead of the trial in federal court in Manhattan. The blockchain firm contended that the crypto-asset at the center of the ongoing legal battle – XRP – cannot be considered a security. In a recent filing over the weekend, Ripple argued that there was no...Read More
The Ripple vs SEC dispute began in December 2020 and is continuing to date, with no hopes of a resolution anytime soon. Recently, both the US Securities and Exchange Commission and Ripple defendants filed joint proposals in regard to the XRP lawsuit’s summary judgment. We finally have a new update! The Chamber of Digital Commerce...Read More
After Ava Labs, Ripple’s Brad Garlinghouse denied allegations, while Kyle Roche claimed that the stint was a deliberate scheme to intoxicate and exploit him. Crypto Leaks, which happens to be an online publication exposing corruption and fraud in the crypto ecosystem, made some astonishing claims about Ava Labs forming a secret pact with Kyle Roche,...Read More
While Ripple execs claim that the company has been unfairly treated by the SEC, Ethereum frontman Vitalik Buterin hasn’t been exactly silent either. In a fresh jibe, the latter accused the former of throwing Ethereum under the bus as “China-controlled.” The latest feud also started with a discussion of new regulatory changes in Canada with...Read More
Japan’s SBI Remit will use RippleNet Technology to enable instant money transfers between Japan and Thailand. The new partnership also brings Thailand’s Siam Commercial Bank (SCB) on board, Ripple said in a PR on Tuesday. Japan-Thai Remittance Service As part of the arrangement, both SBI Remit and SCB will use Ripple’s enterprise blockchain solution RippleNet to process...Read More
The US Securities and Exchange Commission (SEC) suffered a major setback as Magistrate Judge Sarah Netburn granted Ripple’s appeal to serve subpoenas and authenticate videos of public remarks made by the regulatory agency’s officials. The payment giant is set to serve two subpoenas to at least seven SEC officials. The Judge presiding over the high-profile...Read More
The blockchain company – Ripple – announced that it had a successful second quarter of 2022 since it inked numerous strategic partnerships and expanded the use of its On-Demand Liquidity (ODL). Moreover, the firm sold $408.9 million worth of XRP compared to the $273.27 million in Q1. Ripple’s Progress in Q2 The entity’s quarterly XRP...Read More
The litigation between the US Securities and Exchange Commission (SEC) and the San Francisco-based blockchain company Ripple took a new turn. The regulator’s motion to revoke the amici curiae status granted to XRP holders was dismissed by Federal District Judge Analisa Torres. According to the defense lawyer James K. Filan, the motion to prevent attorney...Read More
The blockchain company – Ripple – teamed up with the Singaporean fintech firm – FOMO Pay, aiming to boost its cross-border treasury flows. Ripple’s Latest Partnership As a digital payment system for monetary transactions, one of Ripple’s goals is to leverage crypto and provide cross-border settlements. Its On-Demand Liquidity (ODL) is meant to enable quick...Read More
Jed McCaleb, the co-founder of Ripple, completed his last transfer of 1.1 million XRP (worth over $394k) on July 17. The former exec has been dumping his XRP holdings for almost eight years. The execution of his last transfer marked the end of a billion-dollar dumping spree that began in 2014 after he left Ripple...Read More
According to a research conducted by the blockchain firm Ripple, residents of Latin America are the most inclined toward the digital asset industry. 50% of the surveyed think the sector will cause a significant impact on the financial system, while 74% prefer to transact with businesses that accept cryptocurrencies. Europeans, on the other hand, are...Read More
In the ongoing US Securities Exchange Commission (SEC) vs. Ripple Labs case, Magistrate Judge Sarah Netburn, on July 12, dismissed the agency’s appeal for the protection of William Hinman’s speech from disclosure. “This argument was previously raised secondarily, with the SEC primarily asserting the deliberative process privilege. The SEC’s motion is DENIED,” she said. The court...Read More
San Francisco-based enterprise blockchain provider Ripple has launched a central bank digital currency hackathon with a total prize pool of $197,000 to promote the development of solutions for retail CBDCs, financial inclusion, and interoperability. Ripple Launches CBDC Contest The event, dubbed CBDC Innovate, will allow developers to build applications that run on Ripple’s decentralized, open-source...Read More
The lawsuit filed by the SEC in December 2020, alleging that Ripple Labs Inc, Brad Garlinghouse, and Chris Larsen illegally used XRP as unregistered security to raise $1.3 billion, continues to be delayed to such an extent that The CEO of Ripple is threatening with the possibility of leaving the country in the event that...Read More
Yesterday was one of the worst days in the history of crypto; prices crashed harder, crypto companies cut jobs, the Fed hinted at hiking rates, Binance halted BTC withdrawals, and Celsius suspended multiple services. These events on the same day left many investors in psychological turmoil. Ripple CEO Urges Crypto Investors to Stay Strong While...Read More
Novatti Group has announced the integration of its stablecoin AUDC into Ripple’s XRP Ledger. The company said it will benefit from faster and low-cost transactions on XRPL. AUDC will also be integrated into Novatti’s existing suite of payment solutions. It will potentially create a low-cost domestic and cross-border payment system, including stablecoin-linked payment cards, the...Read More
The blockchain company – Ripple – joined forces with the Berlin-based cryptocurrency payment provider – Lunu – to allow luxury retailers to accept digital assets as a means of settlement. Customers can pay their bills this way, both in-store and online employing Ripple’s Liquidity Hub. Crypto as a Payment Method Following the collaboration, British and...Read More
Transparency is a “critical” value in the crypto industry, Ripple CEO Brad Garlinghouse has pointed out. Speaking to Fox Business news, the executive said operations clarity has become even more important with the recent “meltdown” of the UST stablecoin. On May 9, UST de-pegged from the dollar, bringing down the whole Terra (LUNA) ecosystem with...Read More
A crucial milestone in the US Securities and Exchange Commission’s (SEC) continuing litigation with payments startup Ripple Labs for reportedly issuing XRP as an unregistered securities has been highlighted by a crypto legal expert. John Deaton, an attorney and XRP advocate, has requested to represent 67,000 XRP investors in a letter. The move follows the...Read More
Blockchain company Ripple has allocated $100 million to accelerate carbon removal activity and aid in modernizing such markets with the help of investments in innovative carbon removal firms and sustainable financial tech platforms. According to the official press release, Ripple also plans to create a “portfolio of additive, long-term, nature and science-based carbon credits, back...Read More
Ripple has announced a partnership with Lithuania’s FINCI to provide retail remittances and B2B payments through RippleNet’s On-Demand Liquidity (ODL). Thanks to this partnership, FINCI’s customers can make seamless payments between Europe and Mexico, a PR from Ripple said. Ripple-FINCI Partnership FINCI is an online cross-border money transfer provider, while RippleNet’s ODL provides crypto-enabled international...Read More
In recent days, the US Court of Federal Reserve ordered the Securities and Exchange Commission to submit the email drafts of the commission’s former director William Hinman. The SEC had also claimed that these documents are being protected by DPP but was denied by the court. Now, the latest update in the ongoing Ripple vs...Read More
Chris Larsen – angel investor and co-founder of Ripple – is funding an environmental campaign to change Bitcoin’s code. Using his funds, a consortium of environmental groups will run ads across major newspapers to convince miners, software developers, and others to drop the network’s ‘proof of work’ consensus mechanism. Explaining Proof of Work To be...Read More
Individual defendants file an objection to the SEC’s request for an extension of the deadline. Ripple and the individual defendants file their response advocating the court’s stance on Hinman’s documents and Estabrook notes. The folks from the cryptosphere are now elated, as the business sports an impeccable run on the charts. Wherefore, the market cap...Read More
Ripple’s Director of Developer Relations – Matt Hamilton – announced his departure due to personal issues. On the other hand, the blockchain firm appointed Michael Warren as the newest member of its Board of Directors. The American has previously served as Senior Advisor in the White House during the Obama administration. Hiring Former White House...Read More
The folks from the global crypto market are anxious about, how the week will unfold. As major announcements remain in opposition of the industry. Meanwhile the XRP army holds anxiety around the price action of XRP. A number of indicators hint at the call of the bears. Which could open up a possible plunge in...Read More
The XRP Ledger Foundation, the independent non-profit entity behind the development of the XRP Ledger, has announced the launch of the initial phase of the Token Assessment Framework. It comes following a collaboration with Grant Thornton Baltic, a business advisory service provider. XRPL Foundation’s New Token Assessment Framework According to the official blog post, the...Read More
The crypto town has awaken to a bright sunny morning, as the industry’s biggest lawsuit comes across a major win. Ripple in its legal brawl is seeing its efforts bearing fruits, following its hardships. Whilst the defendants move to strike an impermissible rebuttal report. Advertisement The court denies the SEC’s motion to strike Ripple’s fair...Read More
The crypto industry is awaiting a major bullish impetus, which could help the industry revive from fragile sentiments. The quest for a bull run could possibly materialize following an end to the industry’s long-standing torment. The pursuit could also transpire following a justification in Ripple vs SEC lawsuit. Advertisement The legal brawl between the U.S...Read More
Cryptocurrency has played a major role in the geopolitical tensions between Russia and Ukraine. While the latter is receiving bitcoin donations from across the world, there are concerns that Russia could use digital assets to mitigate growing sanctions. Russia Faces Global Sanctions These concerns come off the back of recent strict economic sanctions imposed on...Read More
