Browsing:Ripple

Ripple Legal Battle Intensifies as CLO Accuses SEC Chair of Crypto Bias
3 weeks ago 1 min read

SEC Chair Gensler Faces Accusations of Bias and Prejudice from Ripple CLO

The U.S. Securities and Exchange Commission (SEC) chairman, Gary Gensler, recently declared at a gathering that “we [regulators] are partners of honest business and prosecutors of dishonesty.” But others in the crypto world took exception to this declaration, and Stuart Alderoty, Chief Legal Officer of Ripple Labs, quickly refuted Gensler’s claims. Despite being sued, Alderoty noted that Ripple was never accused of “dishonesty.” This refutes Gensler’s assertion that the SEC only targets dishonest companies. Alderoty went on to say that Gensler has perpetuated the bias in the Ripple case by bringing lawsuits without doing adequate investigations, continuing the biased start

Ripple has partnered with African fintech firm Onafriq
1 month ago 1 min read

Ripple Expands into Africa with New Cross-Border Payments Solution

Ripple, a leading provider of cryptocurrency-based payment solutions, is expanding its reach with new initiatives aimed at simplifying cross-border transactions. The company has upgraded its Ripple Payments service to make it more accessible to non-crypto-savvy businesses, particularly in the United States. Additionally, Ripple has partnered with African fintech firm Onafriq to facilitate faster and cheaper money transfers between Africa and other regions. Ripple Payments is designed to streamline cross-border payments for businesses of all sizes, regardless of their familiarity with crypto. The service has been enhanced to simplify integration for US and select international companies, leveraging Ripple’s regulatory licenses in

XRP has managed to grab the spotlight with a surge above $0.53
2 months ago 1 min read

XRP Surges Above $0.53 Amid Legal Clarity and Whales Activities

XRP has managed to grab the spotlight with a surge above $0.53. This unexpected leap comes after a relatively quiet period of over 10 days and stands out in a market where most other cryptocurrencies are facing a decline. On-chain analytics platform Santiment recently published a report that points to a rapid accumulation of XRP by wallets in the 10,000 to 10 million XRP range. These are the “smart money” tiers we’re talking about. According to Santiment, wallets in this range have been stacking up XRP at a pace not seen since July 27. In fact, they now hold a

Ripple Scores Victory as Judge Blocks SEC's Appeal in XRP Case
2 months ago 1 min read

Judge Rejects SEC’s Bid to Appeal Ripple (XRP) Ruling

In a recent development in the Ripple case, the judge has turned down the SEC’s request to appeal the recent victory secured by Ripple. Judge Analisa Torres made this decision on October 3, 2023. Furthermore, the SEC’s plea for a postponement was also dismissed as unnecessary. The scheduled hearing is set to take place on April 23, 2024, starting at 9:00 AM. In the court’s pretrial scheduling order, several important deadlines have been established: This ruling stands as a significant victory for Ripple in its ongoing legal battle with the SEC.

Ripple Cancels Fortress Trust Acquisition, Maintains Investment
2 months ago 1 min read

Ripple Receives Approval to Offer Services in Singapore

Recently, the Monetary Authority of Singapore (MAS) granted Ripple a Major Payments Institution (MPI) license, allowing the company to offer comprehensive payment services in the country. This comes after Ripple received an in-principle license to provide digital payment token services earlier this year. With this new license, Ripple can now extend its services to offer crypto payment solutions for financial institutions in Singapore, a country known for its forward-thinking approach to asset regulation. Ripple has been operating in Singapore since 2017 and considers it a pivotal location for its Asia-Pacific operations. Brad Garlinghouse, CEO of Ripple, emphasized the importance of

Ripple Cancels Fortress Trust Acquisition, Maintains Investment
2 months ago 1 min read

Ripple Abandons Plan to Acquire Fortress Trust But Retains Investment

In a surprising twist of events, Ripple has decided to back out of its intended acquisition of Fortress Trust, a chartered trust company based in Nevada. This decision comes just 20 days after Ripple initially announced its plans to acquire the company. Ripple’s CEO, Brad Garlinghouse, took to Twitter to share the news. He stated that Ripple had chosen not to proceed with the full acquisition but emphasized that the company would still maintain its investment in Fortress Trust. Ripple had initially expressed its intention to acquire Fortress Trust and use its payment technology for FortressPay. The relationship between Ripple

The U.S. Securities and Exchange Commission (SEC) has taken another step in the ongoing legal battle against Ripple Labs.
3 months ago 2 mins read

SEC Seeks Appeal After Ripple Court Ruling

The U.S. Securities and Exchange Commission (SEC) has taken another step in the ongoing legal battle against Ripple Labs. Last Friday, the SEC filed a request with the Southern District of New York, urging the court to reconsider its previous ruling on the agency’s lawsuit against Ripple. The SEC’s filing emphasizes the intricate legal issues surrounding the case, referring to them as “knotty legal problems.” This move comes after a summary judgment in July by Judge Analisa Torres, which determined that Ripple’s sales of its digital asset, XRP, to institutional investors violated securities laws. However, sales of XRP on public

Ripple blockchain payments firm is standing its ground in the ongoing legal battle with the U.S. SEC.
3 months ago 2 mins read

Ripple’s Response to SEC’s Appeal Request in XRP Lawsuit

Ripple, the San Francisco-based blockchain payments firm, is standing its ground in the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC had sought an interlocutory appeal in the case, but Ripple’s legal team is challenging this move, asserting that the regulatory body has not met the necessary requirements to file an appeal. Ripple has formally opposed the SEC’s request to appeal the ruling that cleared the company of breaking securities laws by offering XRP to retail traders through exchanges. In a recent document filed with the U.S. District Court for the Southern District of New

The partnership between Ripple and Palau marks a step for the island nation in embracing financial innovation and new technologies.
5 months ago 1 min read

Ripple Announces Strategic Alliance with Island Nation

Ripple, the blockchain technology company, has been making significant strides in the aftermath of its important victory against the SEC in the SEC-XRP lawsuit. The latest development comes in the form of a groundbreaking partnership with Palau, an island country in the Pacific. Palau’s government has joined forces with Ripple to pilot a US dollar-backed stablecoin on the XRP Ledger. The partnership between Ripple and Palau marks a significant step for the island nation in embracing financial innovation and new technologies. As part of the commitment to drive financial access and inclusion for its citizens, Palau plans to create its

Ripple Secures Regulatory Clearance in Singapore
6 months ago 2 mins read

Ripple Receives Initial Regulatory Approval in Singapore, Expanding its Footprint in APAC

Ripple, a leading provider of enterprise blockchain and cryptocurrency solutions, has received in-principle approval from the Monetary Authority of Singapore (MAS) to provide digital payment token services and products in Singapore. This regulatory approval enables Ripple to expand the utilization of its On-Demand Liquidity (ODL) service, which relies on cryptocurrency. The ODL service offered by Ripple, which employs XRP as a bridge currency, has experienced remarkable growth worldwide throughout 2022. Singapore, acting as Ripple’s Asia-Pacific headquarters, played a vital role in facilitating this expansion. Notably, Singapore facilitated the majority of global ODL transactions in 2022. In response to this surge

Ripple CEO Brad Garlinghouse
6 months ago 2 mins read

Ripple CEO Brad Garlinghouse: Legal Battle Nears End, but Fight for Regulatory Clarity Must Persist

Ripple CEO Brad Garlinghouse has warned that although Ripple’s legal dispute with the SEC is nearing its conclusion, the industry must continue to fight for regulatory clarity. In a video published on Twitter, Garlinghouse expressed his frustration with the SEC’s actions and highlighted the recently unsealed Hinman Documents as evidence of the agency’s intentional confusion about the rules. The Hinman Documents and SEC’s Actions Garlinghouse discussed the unsealed Hinman Documents, which shed light on the SEC’s stance and actions in the Ripple lawsuit. He argued that the documents indicate the SEC knowingly created confusion and used it as a tool

we will explore the factors that could potentially influence XRP's price and whether it has the potential to reach $2 again.
6 months ago 2 mins read

Does XRP have what it takes to reach $2 again?

XRP, the cryptocurrency associated with Ripple, has experienced its fair share of ups and downs in the volatile cryptocurrency market. After reaching a peak of $3.84 in early 2018, XRP’s price has faced significant fluctuations. Many XRP investors and enthusiasts are eager to know if the cryptocurrency can reclaim the $2 price level. In this article, we will explore the factors that could potentially influence XRP’s price and whether it has the potential to reach $2 again. Historical Performance of XRP To assess the possibility of XRP reaching $2 again, it is crucial to examine its historical performance. XRP experienced

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