Brad Garlinghouse, the CEO of financial technology company Ripple Labs, has disclosed that the crypto solutions provider and developer of the Ripple payment protocol would welcome a spot exchange-traded fund (ETF) for the network’s native token, XRP. Ripple to Welcome Spot XRP ETF Speaking on his thoughts about the current state of the crypto industry...Read More
Ripple CEO Brad Garlinghouse has expressed his validation of the United States Securities and Exchange Commission’s decision to authorize financial institutions to offer investors spot Bitcoin exchange-traded fund (ETF) products. In a recent interview with FOX Business, the Ripple boss noted that the approval from the financial regulator is a step closer to bringing cryptocurrencies...Read More
Ripple CEO Brad Garlinghouse disclosed to CNBC that the company had been actively exploring markets outside the United States for its much-anticipated initial public offering (IPO). Garlinghouse attributed this strategic move to what he described as a “hostile” regulatory environment in the U.S. Nevertheless, the company has currently halted any intentions of pursuing an IPO....Read More
In a landmark decision, the U.S. Securities and Exchange Commission (SEC) has cleared Ripple’s CEO, Brad Garlinghouse, and Executive Chairman, Chris Larsen, of all ‘baseless’ allegations in a long-standing securities violation case. This development marks a significant victory for Ripple after enduring nearly three years of intense regulatory scrutiny. The SEC’s decision to dismiss charges...Read More
Blockchain firm Ripple has canceled its plans of an outright acquisition of Fortress Trust, a development that marks a significant U-turn from the former’s previous intention to purchase the company roughly three weeks earlier. However, Ripple plans to keep supporting Fortress while stating that it will continue to be an investor in Fortress Trust’s parent...Read More
Ripple seems determined to push the legal battle with the US Securities and Exchange Commission (SEC) into a decisive victory in its favor. As such, the company recently hired a renowned lawyer who could help in that mission. Ripple Welcomes Rahul Mukhi James K. Filan – a defense lawyer and formal federal prosecutor – took...Read More
Ripple intends to increase its headcount in the following months. However, the United States of America is not a market that it will touch upon. In the following lines, we will pinpoint the destinations that will witness such expansion. Ripple to Strengthen its Presence in Asia and Europe The pro-XRP lawyer John Deaton said he...Read More
Brad Garlinghouse, the CEO of Ripple, and Chris Larsen, the executive chairman, have notified the court that they would be out of the office for two weeks in April. This choice was made in accordance with the court’s instructions on the final pretrial meeting time and date and the final order. Notably, the Ripple executives...Read More
Ripple CEO Brad Garlinghouse said the contents of the company’s quarterly financial reports could take a different turn from the usual after the US Securities and Exchange Commission (SEC) used the firm’s disclosures against it in the lawsuit. Meanwhile, XRP holders lawyer John Deaton believes Ripple’s transparency saved the firm from facing fraud and manipulation...Read More
The Ripple boss has lambasted the federal regulator after its expressed intentions to appeal the recent ruling. Late last week, the SEC said the decision made by Judge Torres that XRP sold to retail traders was not a security needs a “review.” This has largely been viewed as intent to appeal the court ruling and...Read More
The landmark decision by Judge Torres in the legal battle between Ripple and the US SEC could positively impact the entire crypto industry, said the former’s CEO, Brad Garlinghouse. He also hopes that the ruling will serve as a wake-up call to US Congress for the upcoming regulations. A Win for Everyone Nearly three years...Read More
The Point Zero Forum is taking place in Zurich, Switzerland. It’s a not-for-profit initiative organized by the Swiss State Secretariat for International Finance and Elevandi. The event is focused on promoting policy and technological dialogue in the field of financial services. Brad Garlinghouse, the CEO of Ripple, was attending the conference. He reaffirmed that throughout...Read More
The legal battle between the United States Securities and Exchange Commission (SEC) and blockchain firm Ripple may soon take a significant turn, as the company’s CEO Brad Garlinghouse has disclosed that the long-expected Hinman documents are “worth the wait.” In a Monday tweet and response to a question by crypto YouTuber Jungle Inc, the chief...Read More
The US Securities and Exchange Commission made its way into the headlines in the past two days, by going after two of the largest cryptocurrency exchanges, alleging them of selling unregistered securities. While the SEC Chair claims these actions are for the greater good of investors, the CEO of Ripple – Brad Garlinghouse – believes...Read More
Brad Garlinghouse, the chief executive officer of blockchain company Ripple, believes more crypto firms and businesses will leave the United States due to confusing regulations in the country. During an interview with CNBC, the CEO said the confusion in the country would push crypto entrepreneurs and investments into other friendly regions like Europe, the United...Read More
Brad Garlinghouse, the chief executive officer of Ripple Labs, has called on lawmakers in the United States to look into assertive statements made by Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), about the American crypto industry. Garlinghouse’s comments come as Gensler told a House Appropriations Committee in a recent hearing that...Read More
The Twitter account of one of the leading news channels in India – News24 – became a victim of a recent cryptocurrency scheme. Hackers breached their security to post phishing links of a fake XRP drop, urging people to click and potentially get conned. Crypto scammers have previously compromised the Twitter account of India’s Prime...Read More
Brad Garlinghouse, the CEO of the blockchain payment company that fights the US SEC in court over the status of XRP, believes there’s a lot of positive news in terms of crypto adoption worldwide. He made these comments following the recent crackdown from the Securities and Exchange Commission against Kraken and its crypto staking services....Read More
Bradley Sostack, the lead plaintiff in a class-action lawsuit by investors against Ripple, has now moved to demand all of Ripple’s email communications with the SEC concerning XRP. The motion filed by the lead plaintiff’s counsel, if granted, will compel Ripple to produce “improperly withheld email communications and document retention policies.” The lawsuit, which was...Read More
Opinions have varied ever since the United States’ SEC filed a lawsuit against Ripple a few weeks ago, a development that for a brief while left the cryptocurrency XRP tanking. However, while quite a few exchanges and trading platforms have already de-listed or suspended XRP trading in the aftermath of the same, a few others...Read More
It looks like the fate of XRP continues to wane as yet another exchange suspended trading of Ripple’s native crypto today. Crypto exchange Bittrex said that it has paused XRP trading, because of the US Securities and Exchange Commission accusing Ripple as well as co-founder Chris Larsen and CEO Brad Garlinghouse of allegedly raising over...Read More
Blockchain tracking company WhaleAlerts identified that crypto whales moved 365.7 million XRP in total, in the last 24 hours. Overall, the XRP transaction amounted to $98,162,899. An anonymous whale made the biggest transfer of funds by moving 181 million XRP, worth about $53 million, at the time. On 23 Dec, 18:57 UTC, even Ripple participated...Read More
If Ripple shuts down, would XRP still trade? Yes, said CEO Brad Garlinghouse recently, using Litecoin’s success after its founder stepped away from the project to make his case. During a recent podcast, the Ripple exec stated that while he doesn’t intend to step away from Ripple anytime soon, he might move the company overseas...Read More
Brad Garlinghouse, CEO of Ripple, made waves across crypto-Twitter recently after he claimed that XRP is to Ripple what Exxon is to Oil on a podcast. Garlinghouse’s use of the analogy is an interesting turn of phrase, to say the least. However, what is even more interesting is that when the host interceded by pointing...Read More
Ripple partner Terrapay has announced its intention to strengthen its entry in North America with an approved FINTRAC Canada MSB License. This is big news, especially for a sector that is seeing blockchain technology revolutionize itself, especially since as per the World Bank’s data for 2018, the outward remittance value from Canada was as high...Read More
Revolutionary technologies are inherently controversial. This was proven true just this week when the CEO of Ripple Labs, Brad Garlinghouse, bashed Bitcoin and Ethereum in a direct tweet, sparking discourse. The reason? Garlinghouse thinks that the cryptocurrencies’ mining mechanism, which sees miners contribute computational resources to secure the blockchain, is wasteful and a threat to...Read More
If you’ve been in the crypto industry for a while now, you likely know of the controversy regarding XRP, specifically that fintech upstart Ripple owns a large portion of the cryptocurrency. While the company pledges to not have made the cryptocurrency, it undoubtedly owns a large sum of the asset, which is released from escrow...Read More
While XRP has already performed fairly poorly over the past seven days, some have begun to fear the cryptocurrency’s prospects are worsening with news that $230 million worth of XRP was unlocked from Ripple’s escrow wallet. For instance, BlockTV crypto analyst Joe Saz wrote: “Either way it’s bad. They send back to escrow to maintain...Read More
One of the controversial issues Ripple CEO recently talked about was “India v/s Crypto Regulation”. While RBI v/s Crypto is still a burning topic, Brad Garlinghouse stressed that the crypto industry must be ready to greet regulations with open arms for them to make any progress. Garlinghouse on Crypto in India Brad Garlinghouse during an...Read More
Brad Garlinghouse, CEO of the blockchain payment firm Ripple made optimistic predictions about the company as well as its native token, XRP. He sees XRP as Controversial Crypto by 2025. Speaking with CNN’s Julia Chatterlye, Garlinghouse shares his views on Ripple, XRP and company’s plan for 2020. He says, down the line in five years,...Read More
