Ripple

Ripple (XRP) faces $2B SEC fine, vows to fight in ongoing crypto clash

March 26, 2024 1 min read

Ripple Labs is now embroiled in a $2 billion legal dispute with the Securities and Exchange Commission (SEC), as stated by Ripple’s chief legal officer, Stuart Alderoty. Alderoty condemned the SEC for using deceptive strategies and accused it of attempting to frighten both Ripple and the broader industry. Ripple CEO Brad Garlinghouse expressed disapproval of the Securities and Exchange Commission’s (SEC) request for $2 billion, deeming it exorbitant. He referenced

Ripple braces for pivotal March 26 in legal showdown with SEC

March 25, 2024 1 min read

March 26 has significant importance for Ripple Labs in its legal dispute with the US Securities and Exchange Commission (SEC). The SEC has submitted its first brief on the remedies it is seeking, which is presently confidential. This document provides an overview of the sanctions and legal measures that are being sought against Ripple, marking a key milestone in an ongoing legal dispute. The court has issued an order for

Over $11 million worth of XRP moved from Binance to an unknown wallet

March 8, 2024 1 min read

Over $11 million worth of XRP, equal to 18.91 million coins, was moved from Binance to an unknown wallet, marking a huge shift in the crypto market. This follows a similar event in which around 18.34 million XRP, worth $11.2 million, was transferred from Binance exchange to an unknown wallet. Furthermore, these large-scale trades, dubbed “whale movements,” have attracted debate and research within the bitcoin community. These significant withdrawals often

Ripple was hacked for around 213 million $XRP worth over $112.5 million

January 31, 2024 1 min read

Ripple, the company behind XRP crypto, just got hit by a nasty cyberattack. Hackers swiped around 213 million XRP, worth around $112.5 million at the time. The eagle-eyed sleuth @zachxbt was the first to spot the security breach, sounding the alarm bells and sending the crypto world into a frenzy. According to the report, the tokens are being laundered through various exchanges, including MEXC, Gate, Binance, Kraken, and a whole bunch more. Meanwhile, in the ongoing legal

Ripple CEO Hints at Potential US Bank Adoption: Key to XRP’s Success?

January 22, 2024 1 min read

Ripple CEO Brad Garlinghouse recently hinted at a significant development: the potential adoption of XRP by US banks. In a video shared by blockchain influencer Ben Armstrong, a well-known voice in the industry, it was claimed that the adoption of XRP by US banks could be the “key to XRP’s success.” Ripple faced significant legal challenges for over two years after the SEC sued the platform in 2020, accusing it

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

November 17, 2023 1 min read

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

Ripple Expands into Africa with New Cross-Border Payments Solution

November 9, 2023 1 min read

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

XRP Surges Above $0.53 Amid Legal Clarity and Whales Activities

October 20, 2023 1 min read

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”

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

October 5, 2023 1 min read

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

Ripple Receives Approval to Offer Services in Singapore

October 5, 2023 1 min read

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

Ripple Abandons Plan to Acquire Fortress Trust But Retains Investment

September 30, 2023 1 min read

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

SEC Seeks Appeal After Ripple Court Ruling

September 11, 2023 2 mins read

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