In September, a Seattle startup lab of white hat hackers sent proof to a senior writer at WIRED Magazine that they could crack the IronKey S200 thumb drive containing 7002 Bitcoins. But former Ripple CTO Stefan Thomas incredibly refused an offer by the Seattle startup, named Unciphered, to access the USB drive for him. Fmr....Read More
Published on the official Twitter of Ripple’s development team, the firm announced an update to the XRP Ledger that will introduce a couple of new features, pending validation from community. The specification is numbered 1.12.0, and it merges the XLS-30 Automated Market Maker and the XLS-39 Clawback spec to the network. Let’s dive in. The...Read More
The ongoing case between Ripple Labs and the US Securities and Exchange Commission continues to be among the most heavily-discussed topics in the industry. Most recently, presiding Judge Analisa Torres approved a notice of appearance for an Investment Banker Declarant, but what does this mean? Approving Notice of Appearance Judge Analisa Torres has recently approved...Read More
Filings for spot Bitcoin exchange-traded funds have been pushed around for years with no success in the US so far. The Securities and Exchange Commission remains reluctant. Ideas for ETH ETFs have also been floating around but XRP? That’s something new, but apparently, there’s some sort of interest in it. The primary reason why cryptocurrency...Read More
The native token of Ripple – XRP – has briefly skyrocketed to $50 on the popular cryptocurrency exchange Gemini hours after the latter allowed deposits with the asset. The development seemed to be a short-lived glitch as the coin quickly retraced to its current level of approximately $0.63. Several screenshots revealed that XRP spiked to...Read More
Gemini confirmed it now accepts XRP deposits after days of speculation driven by a cryptic post on its verified X account. The post, a thinking face emoji, was made in response to a question by crypto journalist David Gokhstein, who wondered whether Gemini would relist XRP. In its announcement, Gemini clarified that it would initially...Read More
On August 8, prominent lawyer and cryptocurrency enthusiast John Deaton took to Twitter to share his insights on the surprising corollary between regulatory clarity for XRP and ETH’s stagnant performance despite PayPal’s recent stablecoin announcement. Deaton highlighted the growing influence of Bitcoin (BTC) on the overall crypto market, overshadowing even seemingly significant events for altcoins....Read More
Pro-XRP lawyer John Deaton has said he’s willing to wager on the outcome of the U.S. Securities and Exchange Commission’s appeal against a recent ruling that determined Ripple’s XRP token is not a security under certain circumstances. Deaton, the founder, and host of CryptoLaw, remarked in a post on X (formerly Twitter) while supporting the...Read More
America’s largest cryptocurrency exchange Coinbase has submitted a motion to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The motion, filed with the U.S. District Court for the Southern District of New York, argues that crypto assets are neither investment contracts nor securities and so fall outside the SEC’s delegated authority as...Read More
In the midst of a lackluster price movement across the wider cryptocurrency market, XRP experienced an unusual downward trend. The cryptocurrency recently became the fifth-largest crypto by market cap owing to Ripple’s partial but impressive win against the US Securities and Exchange Commission (SEC). The asset even briefly surpassed BNB as the fourth-largest last month....Read More
The legal war between the United States Securities and Exchange Commission and Ripple Labs appears to be far from over. While the latter managed a partial win following a recent court ruling, the Commission doesn’t seem to be backing down just yet. According to a recent report by Bloomberg, the United States Securities and Exchange...Read More
Stablecoins and central bank digital currencies (CBDCs) have been an ongoing point of discussion for a while now. Ripple – the company behind one of the world’s largest cryptocurrencies, XRP – has entered into a new partnership aimed at fostering support for both. According to a recent blog post, Ripple partnered with a company called ...Read More
The legal clash between Ripple and the US Securities and Exchange Commission has turned into a cornerstone case for the entire cryptocurrency industry. According to many, it may have serious implications for future lawsuits, regardless of how it ends. Most recently, Judge Analisa Torres ruled that secondary sales of XRP didn’t constitute investment contracts –...Read More
Ripple’s XRP has undoubtedly been the hottest story throughout the past few weeks. T he legal battle between the company and the US Securities and Exchange Commission culminated last week when US Judge Analisa Torres ruled that secondary sales of XRP didn’t constitute investment contracts. [embedded content] Expectedly, XRP exploded by over 70% and is...Read More
LBRY Inc – the firm that’s responsible for developing the LBRY Protocol – announced that it will be closing shop. This comes after it received a final judgment in the case against the US Securities and Exchange Commission (SEC) earlier this week. LBRY lost the case. The judge sided with the Commission and ruled that...Read More
It’s no surprise that XRP investors are expecting a ruling in the case between Ripple and the United States Securities and Exchange Commission. According to a recent report from Kaiko, they are already positioning themselves, which is reflected in the increased trading volume. Kaiko reports that XRP ranks third in trading volume as investors are...Read More
The case between the United States Securities and Exchange Commission and Ripple is one that the entire cryptocurrency community is looking at. The outcome of the lawsuit is likely to determine whether XRP is a security – a decision that might have considerable implications for the rest of the industry. Ripple v. SEC Case: When...Read More
Max Keiser has once again come out with a comment on the ongoing case between the United States Securities and Exchange Commission and Ripple – the company behind XRP. The Bitcoin permabull thinks Ripple will lose, but the reason is not what many might think. Max Keiser is a well-known proponent of Bitcoin – one...Read More
The lawsuit between Ripple and the United States Securities and Exchange Commission has taken center stage once again as the agency continues with its predatory approach. Earlier this month, the Commission filed a lawsuit against Coinbase for dealing with unregistered securities, calling out a number of coins for being securities. Interestingly enough, this list didn’t...Read More
The case between Ripple and the United States Securities and Exchange Commission rages on. We’ve recently explored how the lawsuit could affect the entire crypto industry, talking to legal experts with interesting commentary on the matter. With that said, let’s have a look at some of the most recent developments as of today – June...Read More
There’s been a rumor circling cryptocurrency-oriented social media circles throughout the past couple of days, that Ripple is planning to buy back 10 billion XRP tokens, currently worth just shy of $5 billion. The first to question the rumors was John Deaton, a lawyer representing thousands of XRP holders, who said he doesn’t believe it...Read More
One of the leading crypto-oriented asset managers catering predominantly to institutional clients, CoinShares, has reported a total of $199 million of weekly inflows. This is the largest the number has been since July 2022, correcting 50% of the previous 9 consecutive weeks of outflows. The report outlines that Bitcoin has been the one that benefitted...Read More
Stuart Alderoty, the Chief Lego Officer at Ripple, has taken to Twitter to praise the “workable” framework that the Monetary Authority of Singapore has built. His comments come amid regulatory turmoil in the US as Ripple, Coinbase, Binance, and other crypto-related companies are facing lawsuits against the country’s Securities and Exchange Commission. Stuart Alderoty praised...Read More
The move comes amid a massive crackdown on the digital asset industry in the United States. On June 21, Ripple stated that it had received in-principle regulatory approval to operate in Singapore. The fintech firm has been granted a Major Payment Institution License from the Monetary Authority of Singapore, the country’s central bank. Ripple CEO...Read More
The case between the US Securities and Exchange Commission (SEC) and Ripple is raging on, pending a ruling which some estimate to be coming relatively soon. That said, John Deaton, a lawyer representing thousands of XRP holders, has recently reviewed and agreed on a Twitter thread that criticizes the position of the SEC. Although that’s...Read More
Ripple’s XRP is one of the most popular cryptocurrencies, and the legal battle with the United States Securities and Exchange Commission has put it under the spotlight even more, if that’s possible. The case in point was brought up a few years ago, when the SEC alleged that Ripple conducted an unregistered sale of securities,...Read More
Ripple’s Chief Legal Officer has put out some public comments via his Twitter account days after a judge officially unsealed the sought-after Hinman Speech to the public. Stuart Alderoty, the Chief Legal Officer of Ripple, has put out some comments which seem related to the case between the SEC and Ripple on his Twitter account....Read More
It seems that the case between the United States Securities and Exchange Commission (SEC) might soon be headed for trial. The former Director of the SEC’s San Francisco Office, Marc Fagel, speculated on the matter on Twitter, saying that he thinks a ruling might be coming in a few days. Will the SEC Settle With...Read More
The US Securities and Exchange Commission has filed a lawsuit against Coinbase – in what seems to be the latest turn of events. The motion comes a day after the SEC also filed against Binance. The two cryptocurrency heavyweights are under some serious fire, but a closer look into the lawsuit against Coinbase reveals some...Read More
Despite the fact that the larger part of the cryptocurrency market is mostly covered in red, one prominent altcoin seems to stand out. Ripple’s XRP price is soaring in the past few days, and it shows no signs of slowing down. The coin is up around 12% on the weekly and has conquered an important...Read More
