In an interesting X post from earlier this week, former SEC Chief John Reed Stark (Office of Internet Enforcement) issued a scathing rebuke of the SEC for its treatment of Ripple Labs in a years-long XRP lawsuit. Prediction: Expect a Big Win for the SEC in the SEC/Terra Litigation and a Gracious (Yet Scathing) Rebuke...Read More
British financial giant – HSBC – has announced plans to roll out a new digital assets custody service for institutional clients who invest in tokenized securities. HSBC, one of the world’s largest global custodians covering more than 90 markets, has partnered with Ripple-owned Metaco, which is an institutional digital asset custody, trading, and DeFi firm...Read More
Ripple is partnering with payments fintech Onafriq, formerly known as MFS Africa, to facilitate digital asset-enabled cross-border payments connecting Africa to several new markets, such as the Gulf Cooperation Council (GCC), the UK, and Australia. The collaboration is expected to introduce quicker, more effective, and economical global money transfers to Africa, with the potential to...Read More
John Deaton, prominent crypto lawyer and founder of Crypto Law, has once again shared his opinion on the ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). According to a tweet, the pro-XRP lawyer believes that a settlement of $20 million or less in the lawsuit between the crypto company and the...Read More
Ever since a US judge ruled in July that XRP tokens are not securities, the SEC has been the underdog in its long-running feud with Ripple Labs. Meanwhile, a new development strikes a blow against the SEC’s standing with the government. The US Government Accountability Office ruled Tuesday that the Commission violated oversight rules with...Read More
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
Founder and CEO of crypto custodian Fortress Trust, Scott Purcell, has stepped down from his position nearly a month after major blockchain firm Ripple canceled its proposed acquisition of the company. Fortress also reportedly reduced its workforce after suffering a previous hack incident. Fortress CEO Leaves Company Scott Purcell has resigned from his CEO position...Read More
Newbie developers are increasingly departing a crypto project while more “established” ones (more than two years) and those categorized as “emerging” (who have been working for one to two years) have remained relatively resilient over the past year. A new study by Electric Capital shows that Ripple is one of the few projects that witnessed...Read More
XRP price has surged to $0.53, marking its highest point in the past 10 days. The fifth-largest crypto-asset had maintained a relatively stable range between $0.48 and $0.52. The latest data suggest that a cohort of addresses, dubbed the “smart money tiers,” has been accumulating since the start of October. XRP appears to be on...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
Crypto market intelligence platform Santiment has found that XRP Ledger (XRPL), a decentralized public blockchain that enables fast, low-cost, real-time transfers of XRP, fiat currencies, and digital assets, has been seeing less whale activity in 2023 compared to the last two years. In a post on X, the crypto analytics platform said that despite declining...Read More
TL;DR Jeremy Hogan estimates a 40% chance of a trial in 2024, a 32% chance of a settlement, and a 19% chance of an agreement by end of 2023. Some believe the SEC might extend the legal process to maintain uncertainty in the crypto sector. Yassin Mobarak suggests the SEC might drop charges against Ripple...Read More
On Wednesday, Ripple Markets APAC Pte Ltd announced that its Singapore subsidiary has successfully obtained a payments license from the Monetary Authority of Singapore (MAS) to operate in the city-state without transaction thresholds. This license represents a significant milestone for Ripple, allowing it to provide regulated digital payment token services in the city-state. MAS Approves...Read More
District Judge Analisa Torres has dismissed the Securities and Exchange Commission’s (SEC) request to certify an interlocutory appeal aimed at overturning its recent and widely publicized courtroom loss against San Francisco-based blockchain tech company Ripple Labs. While this is a major win for Ripple, the SEC has not lost its ability to appeal. Instead, the...Read More
TL;DR Ripple achieved another legal victory as a federal judge dismissed the SEC’s appeal to a July ruling; Following this win, XRP’s price surged to nearly $0.55 amid a broader cryptocurrency market decline, marking its second significant price increase in response to legal developments. Six Months Left Ripple secured another major victory in its legal battle against...Read More
John E Deaton – a US attorney who represents thousands of Ripple investors in the lawsuit against the US Securities and Exchange Commission (SEC) – launched another bashing manifest towards the agency’s Chairman – Gary Gensler. The latter has been criticized for his negative approach to the cryptocurrency industry, with some arguing that the Commission’s...Read More
The cryptocurrency market has flashed green recently, with most digital currencies charting substantial gains. Bitcoin (BTC) – the largest by market capitalization – and XRP – Ripple’s native token – are undoubtedly amongst those. In this article, we will observe ChatGPT’s answer to the question of whether XRP has a chance to outperform the primary...Read More
The past few days have witnessed multiple news surrounding the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) and some essential developments focused on the popular memecoin Shiba Inu. XRP – the native token of Ripple – has also been in the spotlight, registering a significant spike at the end...Read More
John E. Deaton – a US attorney representing thousands of Ripple investors in the lawsuit against the US Securities and Exchange Commission (SEC) – does not see how the regulator will prevail. He described the agency’s claim that it wants faster adjudication than the blockchain enterprise as the “dumbest argument” he had heard. In his...Read More
Despite Ripple’s partial victory in July, the legal battle between the company and the US Securities and Exchange Commission (SEC) continues at full speed. In this article, we will outline the latest essential details surrounding the lawsuit as well as Gary Gensler’s (Chairman of the regulator) most recent reaction to the dispute. The Battle Goes...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
The news surrounding Ripple, its native token – XRP, and the popular memecoin – Shiba Inu (SHIB), are among the most intriguing for the crypto community. In the lines below, we will take a closer look at what happened over the past few days and touch upon the latest price predictions from experts. Ripple IPO...Read More
The popular cryptocurrency analyst, going by the X (Twitter) handle EGRAG CRYPTO, presented an XRP chart, according to which the asset could spike to a 5-year high of $2. In the lines below, we will outline the details of the analysis and summarize other predictions from different experts. ‘Brace Yourself for the $2 Range’ EGRAG...Read More
Ripple is hosting a party to further unite the XRP community and, more importantly, celebrate the landmark partial victory against the US Securities and Exchange Commission (SEC) secured in mid-July. Apart from drinking and having fun, though, some people believe the gathering could witness some serious developments surrounding the blockchain enterprise and its future advancement....Read More
The ongoing lawsuit between Ripple and the United States Securities and Exchange Commission (SEC) and the developments surrounding the popular memecoin Shiba Inu (SHIB) remain among the trendiest crypto topics. In the following lines, we will pinpoint the newest events focused on the matter. The Ripple v. SEC Battle The legal fight, which dates back...Read More
John E. Deaton – a US attorney who represents thousands of XRP investors in the lawsuit between Ripple and the SEC – criticized the agency for one of its latest moves. Specifically, the regulator opposed a reorganization plan presented by Coinbase, according to which customers of the now-bankrupt crypto lender Celsius Network could be reimbursed...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
David Schwartz – Chief Technology Officer of Ripple – involved himself in a dispute with the American broadcaster and filmmaker Max Keiser. The latter described XRP as a “centralized fiat-shitcoin.” In the following lines, we will outline Schwartz’s reaction to that claim and his opinion on other speculations surrounding the blockchain enterprise and its native...Read More
Amid increased regulatory scrutiny in the United States, Europe has become an attractive destination for crypto firms. Galaxy Digital, the crypto venture led by US billionaire Mike Novogratz, is now venturing into the European market for greener pastures. As part of this expansion, the company has appointed Leon Marshall, formerly an executive at the crypto...Read More
The blockchain researcher, going by the name Collin Brown on X (Twitter), assumed that the price of Ripple’s native token – XRP – could be poised for a massive increase after September 28. In the following lines, we will explain what could trigger the surge and touch upon some of the latest predictions by analysts...Read More
