Browsing:Ripple

Ripple Cancels Fortress Trust Acquisition, Maintains Investment
7 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.
8 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.
8 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.
9 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
11 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
11 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.
11 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

Colombia's central bank has joined forces with Ripple and the Ministry for Information and Communications Technologies
11 months ago 1 min read

Ripple Collaborates with Colombia’s Central Bank: What Does It Mean for XRP?

Colombia’s central bank, Banco de la República, has joined forces with Ripple and the Ministry for Information and Communications Technologies (MinTIC) to implement Ripple’s CBDC platform. This strategic collaboration aims to leverage blockchain technology to enhance Colombia’s high-value payments system as part of MinTIC’s third phase of blockchain experimentation under the guidance of the Directorate of Digital Government. By adopting Ripple’s CBDC platform, Banco de la República aims to evaluate potential efficiencies and enhance processes within the entity. The technological solution developed through this partnership will allow simulations of different use cases in the high-value payment system. Minister Mauricio Lizcano

Significant documents related to William Hinman
11 months ago 1 min read

SEC’s Response to Hinman Speech Controversy Unveiled in Ripple Labs Filing

Significant documents related to William Hinman, the former director of the SEC’s Division of Corporation Finance, have been released in the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). The documents, which were released on June 13, 2023, shed light on the Trading and Markets Department’s comments on Hinman’s 2018 speech, in which he expressed the view that bitcoin (BTC) and ether (ETH) were not securities. The comments from the Trading and Markets Department emphasized their support for the speech but raised concerns about making blanket statements regarding ether’s classification. The release of these

Ripple's XRP
11 months ago 1 min read

XRP Prices Soar as Ripple Labs Releases Hinman Speech in Filing

XRP, the cryptocurrency associated with Ripple Labs, experienced a significant surge of 7.4% in the past 24 hours, defying the overall market trend. Traders appear to be placing their bets on a positive outcome for Ripple Labs in its ongoing legal battle against the U.S. Securities and Exchange Commission (SEC). The recent price increase coincided with the release of documents related to William Hinman, the former director of the SEC’s Division of Corporation Finance from 2017 to 2020. These documents were made public as part of the SEC’s lawsuit against Ripple Labs. Back in 2018, Hinman delivered a speech in

Ripple Labs has unlocked 1 billion XRP tokens from escrow, marking the latest development in its ongoing legal battle with the US SEC.
11 months ago 2 mins read

Ripple Labs Releases 1 Billion XRP Tokens in Monthly Distribution

Ripple Labs, the company behind the XRP cryptocurrency, has unlocked 1 billion XRP tokens from escrow. The tokens were released on June 2, 2023, and were distributed across three transactions. The unlock is part of Ripple’s regular monthly distribution of XRP tokens from escrow. Ripple has said that it will continue to release XRP tokens from escrow on a monthly basis until all 55 billion tokens have been released. The release of XRP tokens from escrow has been a controversial topic. Some people have criticized Ripple Labs for releasing so many XRP tokens into circulation, arguing that it could cause

The price of XRP has surged by 13% in the past two weeks
11 months ago 1 min read

XRP Whales Increase Holdings as Community Gains Confidence in Ripple’s SEC Case

The price of XRP, the native cryptocurrency of the Ripple network, has surged by 13% in the past two weeks. This strength has been pointed towards Ripple’s improving fundamentals fueling XRP’s accumulation. Crypto whales have been accumulating XRP in large quantities in recent weeks. According to crypto analyst Ali Martinez, whales have acquired over 52 million XRP in the past three weeks, totaling approximately $22.9 million. The recent whale activity coincides with the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). The resolution of this high-profile case is eagerly anticipated by the XRP Army and

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