Ripple

Ripple partners with Dubai’s DIFC Innovation Hub to enhance blockchain

August 8, 2024 2 mins read

Ripple Labs has formed a partnership with the DIFC Innovation Hub, which is a part of the Dubai International Financial Centre (DIFC). The purpose of this partnership is to advance the use of blockchain technology and digital assets in the United Arab Emirates (UAE) and the Middle East, Africa, and South Asia (MEASA) area. The DIFC Innovation Hub is the most extensive innovation ecosystem in the region, accommodating more than

Ripple settles with the SEC, agreeing to a $125 million fine

August 8, 2024 1 min read

Ripple Labs has reached a settlement with the SEC, agreeing to pay a penalty of $125 million for selling its XRP token without proper registration. This resolution concludes a legal conflict in which the SEC previously sought penalties amounting to over $2 billion. The settlement is considered a triumph for Ripple, as allegations of fraud were dropped, resulting in a diminished penalty. The SEC initiated a legal action in 2020,

Ripple partners with OpenEden, investing $10M to launch tokenized US Treasury bills

August 3, 2024 1 min read

Together with Ripple, OpenEden has put its tokenized US Treasury bills, TBILL, on the XRP Ledger (XRPL). By putting US Treasury bills on a digital platform, OpenEden’s TBILL tokens, which Ripple has invested $10 million in, are meant to bring together standard finance and decentralized finance (DeFi). The goal of the partnership is to bring together standard finance and decentralized finance (DeFi) by putting US Treasury bills on the internet.

Marc Fagel warns against excessive optimism over a potential Ripple (XRP) settlement

July 27, 2024 1 min read

Former Securities and Exchange Commission (SEC) attorney Marc Fagel has advised against being overly optimistic about the possibility of reaching an agreement in the continuing legal dispute between the SEC and Ripple Labs. The US SEC just rescheduled a private meeting, igniting renewed optimism among the XRP community for a resolution. Nevertheless, Fagel pointed out the absence of definitive proof to substantiate this perspective, noting that it is improbable to

Why Ripple (XRP) Could Be Massively Undervalued

July 26, 2024 1 min read

Linda P. Jones, a former financial expert on Wall Street and author of “3 Steps to Quantum Wealth: The Wealth Heiress’ Guide to Financial Freedom by Investing in Cryptocurrencies,” expressed her optimistic view on Ripple, highlighting its pricing in comparison to Coinbase and the potential of XRP. Jones observed that Ripple’s (XRP) present valuation on the Linqto investing platform stands at $7.5 billion, which is lower than its estimations of

Ripple’s Chief Legal Officer blasts the US for failing to provide clear crypto regulations

July 7, 2024 1 min read

Stuart Alderoty, the Chief Legal Officer of Ripple, has expressed disapproval of the United States’ ambiguous legislation around crypto, emphasizing the necessity of a consistent structure for digital assets. Alderoty expressed disapproval of the United States’ inability to deliver consistent outcomes, drawing a comparison to other nations such as the European Union and the United Kingdom. The United States is perceived as falling behind in the adoption of cryptocurrencies and

A US court advances Ripple’s securities case to trial

June 21, 2024 2 mins read

Ripple Labs is currently confronting further legal obstacles as a United States court progresses with a securities case centered around purportedly deceptive representations. The primary inquiry revolves around whether XRP, the digital asset of Ripple, meets the criteria of being classified as a “security” according to United States legislation, a determination that might significantly impact rules pertaining to cryptocurrencies. The lawsuit, initiated by Bradley Sostack, is around remarks made by

Ripple Labs fights a $2B US SEC fine, arguing for a reduced penalty by citing the Terraform case

June 17, 2024 1 min read

Ripple Labs Inc. is now engaged in a legal dispute with the US SEC over a proposed fine of $2 billion. The company is contending that the appropriate penalty should be lower, about $10 million. The company cites Terraform Labs’ $4.5 billion settlement as a point of reference, contending that the SEC’s penalty encompassed a substantial monetary fine and a prohibition on co-founder Kwon Do-hyung from assuming certain corporate positions.

The SEC refutes Ripple’s comparison to Terraform Labs in court, insisting on a $2 billion fine

June 16, 2024 1 min read

The US Securities and Exchange Commission (SEC) has denied Ripple’s effort to utilize the Terraform Labs settlement as a means to challenge a proposed $2 billion penalty. The regulator considered the comparison to be invalid because there were substantial disparities between the cases. Ripple contended that the SEC’s request for a $2 billion fine is excessive. They pointed out that Terraform Labs, despite having $33 billion in sales and being

Ripple Labs argues for reduced SEC penalties by citing the Terraform Labs case

June 15, 2024 1 min read

Ripple Labs Inc. has submitted a fresh notification to the Southern District of New York with the intention of swaying the court’s perspective on the Securities and Exchange Commission’s suggested sanctions and ultimate ruling. Ripple’s legal team, headed by Michael K. Kellogg, cite a parallel lawsuit involving Terraform Labs, in which Terraform and CEO Do Hyeong Kwon were convicted of significant securities fraud. Terraform was mandated by the court to

Ripple launches a $640 million XRPL fund to boost blockchain innovation in Japan and South Korea

June 12, 2024 2 mins read

One of the most prominent blockchain companies, Ripple, has initiated the XRPL Japan and Korea Fund with the intention of fostering blockchain innovation in the countries of Japan and South Korea. As part of Ripple’s bigger intention to contribute one billion XRP to encourage blockchain developers, the fund will provide support for corporate partnerships, awards for developers, investments in startups, and community growth. Ripple’s CEO Brad Garlinghouse has expressed concern

Qubetics Whitelist Offers Million Dollar Chance to Leapfrog Ethereum & Ripple

June 11, 2024 4 mins read

Ever wondered how early investors in Dogecoin (DOGE) and Shiba Inu (SHIB) felt when their tiny stakes turned into massive gains just by joining their whitelist early? Well, it’s proven that the “early bird catches the worm.” The crypto world is full of such success stories, and the next big one might be just around the corner. Ethereum (ETH) and Ripple (XRP) are facing their own battles. Ethereum is struggling