A New Hampshire district court judge has clarified that a security injunction ruled earlier in the legal battle between the United States Securities and Exchange Commission (SEC) and decentralized content-sharing and publishing platform LBRY applied only to direct sales of the project’s tokens. The ruling came during an appeal hearing on January 30, 2023, settling...Read More
Although XRP has a large number of advocates in its lawsuit against the United States Securities and Exchange Commission (SEC), there are some people who have taken the SEC’s side and are persuaded that XRP is a security. People with these viewpoints have been vocalizing them in the Twitter comments section of crypto lawyer and...Read More
The long, drawn-out battle between fintech firm Ripple and the U.S. Securities and Exchange Commission could be coming to a conclusion, according to the company CEO. Speaking to CNBC at the World Economic Forum in Davos, Switzerland, on Jan. 18, Garlinghouse said that the judges are unlikely to rush a resolution, adding: “We’re optimistic that...Read More
As the Ripple v. SEC case continues to go forward, speculations are circulating around the community about the possibility of the government seizing and purchasing the Ripple-issued XRP tokens that are already on the market and utilizing them for its own purposes, preventing the technology from being used anyplace else. Crypto Developer Explains Why This...Read More
The spectacular collapse of FTX warrants every bit of attention that it has garnered so far. The bosses of the once high-flying business were allegedly involved in shady business operations behind-the-scenes using customer funds. Sam Bankman-Fried, the 30-year-old founder of the bankrupt crypto exchange was extradited on suspicion of committing “one of the biggest financial...Read More
But blockchain firm Ripple’s Chief Technology Officer, David Schwartz, weighed in on Sam Bankman-Fried’s sympathizers but also went on to detail what went wrong with the company. Ripple CTO’s Take on FTX Collapse The exec listed out three things that went “horribly wrong.” FTX customer fiat assets were left in Alameda accounts and used by...Read More
Ripple Inc. and XRPL’s native token, XRP is on the watchlist of many crypto investors globally. The seventh most valuable digital asset by market capitalization traded around $0.358, down 5.3 percent on Monday. With 50,298,735,565 in circulating supply out of the possible 100 billion, the persistent question remains of why Ripple pre-mined all the remaining...Read More
The enterprise blockchain provider Ripple wants to strengthen its presence in the European Union by seeking to secure a virtual asset service provider (VASP) license from Ireland’s central bank. Ripple’s General Counsel Stuart Alderoty and CEO Brad Garlinghouse also gave their two cents on FTX’s fiasco, arguing that global regulators should impose comprehensive rules on...Read More
The year 2022 is not lesser than a roller coaster ride which was experienced by most crypto assets. Additionally, the advancement of the Ripple vs SEC lawsuit also is agonising for the XRPArmy, as the agency is trying numerous ways to drag the case longer. Meanwhile, the possibility of Ripple losing the case is emerging,...Read More
Ripple’s XRP price is trending in uncharted markets as the global macroeconomic aspects fall into play. At the top list, the XRP international online community fear that the Ripple vs SEC case May go the same route as LBRY Inc’s story. Nonetheless, the entire cryptocurrency market has been trending downwards for the better part of...Read More
More than a year has passed since the SEC and Ripple case began, and many are now wondering if there will ever be a resolution. Several legal experts have offered potential dates for when the decision will be made. However, according to the majority of legal experts who have shared updates regarding the suit, Judge...Read More
After trading in a consolidated range for two weeks, XRP has successfully geared up its price rally. The Fed’s recent interest hike of 75 basis points on November 2 kept XRP in a range-bound area as it has brought negative sentiments to the crypto market. However, the native token of Ripple Labs is witnessing bullish...Read More
High-profile defence lawyer, James Filan, has made striking predictions on the Ripple Inc vs SEC lawsuit regarding the XRP’s programmatic sales. According to Filan in a series of tweets, ‘District Judge Torres will decide both the Expert Motions and the Summary Judgment motions at the same time – on or before March 31, 2023.’ The...Read More
The Ripple vs SEC lawsuit case has attracted the attention of almost the entire cryptocurrency community. A number of crypto firms, including Coinbase, are pushing for the case to be dropped as soon as possible. However, Attorney Jeremy Hogan, in a series of tweets earlier today, noted that the Ripple vs SEC case is much...Read More
Leading American cryptocurrency exchange Coinbase is seeking permission to file an amicus brief, also known as “friend of the court,” in support of Ripple Labs’ ongoing court case with the United States Securities and Exchange Commission (SEC). According to a court document submitted on October 31, the exchange sought permission from Judge Analisa Torres of...Read More
According to a Forbes report, some legal experts believe the agency (SEC) had entirely failed to establish its case against Ripple’s XRP. Thousands of retail XRP holders who became involved in the case may have been a significant factor in this. Although they were not permitted to be named as defendants with Ripple, the judge...Read More
On Oct. 27, Ripple released its Q3 Markets Report stating that its holdings of XRP have dropped below 50% for the first time. The company proudly stated that it is becoming more decentralized contrary to what critics have claimed. It said the ownership of XRP is not an indicator that Ripple controls XRP Ledger (XRPL)....Read More
XRP, the native token of Ripple Labs, seems to bring some bullish vibes to Ripple’s community as it prepares for a fresh upward rally to $0.5. Payment giant Ripple is also on the verge of winning the lawsuit against the US regulator Securities and Exchange Commission (SEC) as Stuart Alderoty, Ripple’s advocate, confirmed that the...Read More
The U.S. Securities and Exchange Commission (SEC) finally handed over the Hinman documents in compliance with the court order- which marks a major victory for Ripple. Stuart Alderoty, the general counsel at Ripple, revealed that the company now has the Hinman records, including internal SEC emails and manuscripts of his controversial 2018 speech, after more...Read More
The court case between the SEC, who accuse Ripple of selling unlicensed securities, and the blockchain company is fast approaching the 2-year mark. Up until now, there have been countless back-and-forths, objections, and red tape preventing the courts from reaching any clear resolution on the matter. One of the key misgivings Ripple has had about...Read More
In an announcement on a RippleX Developers portal on Oct. 17, engineer Mayukha Vadari said that the Ethereum Virtual Machine (EVM) sidechain for XRPL was now live on devnet. The system to bring more Ethereum compatibility to Ripple was initially introduced in September 2021, but it has now finally been launched for wider testing and...Read More
At an event for DC Fintech Week on Tuesday, the CEO of Ripple Labs, Brad Garlinghouse, noted that he expects the court to give its verdict on the case in the first half of 2023. “I think we’ll have an answer in the first half of next year. Whether that’s the first quarter or second...Read More
San Francisco-based blockchain firm, Ripple, announced its first On-Demand Liquidity (ODL) customers in France and Sweden. According to the company, the European market is ripe for disruption with RippleNet-powered ODL. The main aim of the partnerships is to facilitate real-time payments across borders utilizing by Ripple’s financial technology – RippleNet – across the two regions....Read More
Ripple continues to be embroiled in a legal tussle with the SEC, and certain community members have claimed significant corruption on the agency’s side for targeting the blockchain firm. Cardano founder Charles Hoskinson has cleared his stance on the matter and backed Ripple by saying that layer-1 protocols aren’t securities. The XRP Army, however, isn’t...Read More
New York judge Analisa Torres has ordered the Securities and Exchange Commission (SEC) to turn over internal documents, including emails and drafts, related to a speech from former commissioner William Hinman in 2018. The order marks a big win for Ripple in its legal battle with the regulator, as the story behind the speech may...Read More
The blockchain company Ripple joined forces with the music integration platform Styngr and the record label Armada Music to release an exclusive album in Maladroids (a video game built on the XRP Ledger). It is worth noting that Armada Music is one of the leading entities in its field, while the renowned DJs – Armin...Read More
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
