Ripple

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

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

September 4, 2023 2 mins read

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

Ripple Announces Strategic Alliance with Island Nation

July 27, 2023 1 min read

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

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

June 22, 2023 2 mins read

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.

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

June 19, 2023 2 mins read

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,

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

June 16, 2023 2 mins read

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