Ripple

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

June 16, 2023 1 min read

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

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

June 14, 2023 1 min read

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

XRP Prices Soar as Ripple Labs Releases Hinman Speech in Filing

June 13, 2023 1 min read

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

Ripple Labs Releases 1 Billion XRP Tokens in Monthly Distribution

June 2, 2023 2 mins read

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

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

May 29, 2023 1 min read

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

Ripple CEO Says SEC Case Could End Soon

May 25, 2023 1 min read

Ripple CEO Brad Garlinghouse said in a recent interview that he expects the company’s prolonged legal battle against the US Securities and Exchange Commission (SEC) to be over in weeks. In an interview with Mukaya Panich, the CEO of SCB 10X, Garlinghouse said he expects the court case resolution “in weeks, not months,” following the recent court news regarding the Hinman emails would be made public. The Hinman emails refer

Internal Emails from the U.S. SEC Could Be Ripple’s Key to Winning the Lawsuit

May 22, 2023 2 mins read

Internal emails from the U.S. Securities and Exchange Commission (SEC) suggest that the regulator knew that XRP did not fully meet the definition of security. The emails, which were filed by Ripple in court, argue that there are reasonable grounds not to consider XRP as a security because it does not satisfy the Howey test. The Howey test is a legal framework used to determine whether an investment is a

Ripple CEO Brad Garlinghouse to Speak on Crypto’s Real-World Applications at Dubai Summit

May 4, 2023 1 min read

Ripple CEO Brad Garlinghouse is all set to deliver a keynote address on the challenges and opportunities of cryptocurrency utility and regulation at the upcoming Dubai Fintech Summit. The event, which is slated to take place on May 8 and 9 at the Madinat Jumeirah, is expected to bring together more than 5,000 global fintech executives and enthusiasts from around the world. Garlinghouse will be joined by CNBC reporter Dan

Ripple Vs. SEC: Speculation Arises Over Undisclosed Meeting Next Week

May 2, 2023 1 min read

Ripple Labs and the US Securities and Exchange Commission (SEC) continue their legal battle without a verdict, but rumors suggest a potential undisclosed meeting between the parties on May 8. The meeting has led to speculation about a possible settlement. However, XRP community attorney John E. Deaton doubts the rumor’s validity, believing that Ripple and the SEC can meet anytime they want. Deaton suggests that a settlement would only happen

Ripple Invites Web3 Developers to Create Financial Projects

April 27, 2023 2 mins read

The XRP Ledger Grants Program has announced its sixth wave, offering a golden opportunity for developers worldwide to create innovative financial projects on the XRP Ledger (XRPL). The program seeks projects that address financial inequities, streamline traditional financial processes, and provide new use cases for the XRPL. The deadline for applications is set for June 18, 2023. The Grants Program welcomes applications for various projects such as applications, services, tools,

Montenegro’s Central Bank Collaborates with Ripple to Test CBDC

April 11, 2023 1 min read

Montenegro’s Central Bank (CBCG) has announced plans to develop a pilot program for a central bank digital currency (CBDC) in partnership with blockchain provider Ripple. Despite using the euro as its de facto currency, the CBCG aims to identify practical applications of a national stablecoin and simulate its circulation through the pilot program. The project aims to assess the potential advantages and risks of CBDCs, including electronic payment availability, security,

Ripple CEO Brad Garlinghouse Urges US to Embrace Crypto

March 3, 2023 1 min read

The push for the US government to embrace cryptocurrencies is gaining momentum, with more industry executives joining the call. Ripple CEO Brad Garlinghouse is the latest to speak out against the government’s crackdown on digital assets. He warns that if the US doesn’t create a regulatory framework for cryptocurrencies, the industry will continue to move offshore, leading to a loss of innovation and economic growth. Garlinghouse believes that the Securities