XRP

Ripple releases 1 billion XRP tokens from escrow on September 1st

September 1, 2024 1 min read

Ripple released 1 billion XRP tokens from escrow on September 1st, aiming to improve market predictability and transparency through a long-term plan for managing the token supply. The “Ripple 24” wallet, which has been operational for over seven years, distributed the tokens, with a value of over $560 million. The first transaction released half a billion tokens worth almost $280 million, followed by the second and third releasing a significant

Bybit exchange gains 10 million new users in less than 90 days

August 16, 2024 1 min read

Bybit, the world’s second-largest crypto exchange by trading volume, has reached 40 million registered users worldwide, solidifying its position as a preferred platform for millions of crypto enthusiasts and traders. The platform has seen a surge of 10 million new users within 90 days, showcasing its ability to meet the evolving needs of the crypto community by providing a secure, reliable, and user-friendly trading environment. Bybit‘s Co-founder and CEO, Ben

The SEC plans to appeal a court ruling on Ripple’s XRP sales

August 9, 2024 1 min read

The US Securities and Exchange Commission (SEC) intends to challenge a court decision that ruled against Ripple Labs in relation to the categorization of XRP sales. The SEC intends to contest the ruling that classifies the secondary market sales of XRP as non-securities, potentially influencing the regulatory framework for crypto. The appeal is a response to a partial summary decision issued by Judge Analisa Torres in 2023. The SEC contends

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,

XRP has drops over 30% over the past week and 20% in the last 24 hours

August 5, 2024 1 min read

In August, the crypto market witnessed an exceptional decline, with XRP suffering a substantial decrease of 19.57% and liquidations amounting to $1.11 billion. The worldwide crypto market has experienced a depreciation of more than $500 billion, representing a 16% decrease over one year. The Japanese stock market has also undergone a decline, while the S&P 500 encountered a 4.4% decrease. The scheduled private meeting between officials from the Securities and

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

XRP on the Precipice: Price Dips as Community Awaits SEC Meeting Outcome

July 24, 2024 1 min read

The price of XRP is currently hovering in anticipation of a crucial meeting between Ripple Labs and the US Securities and Exchange Commission (SEC) scheduled for July 25th. This follows a period of fluctuation for XRP, which had recently climbed to around $0.62 before pulling back slightly. Ripple CEO Bullish on Resolution: Ripple CEO Brad Garlinghouse has expressed optimism that the long-running legal battle with the SEC may be nearing

These XRP whales acquire $84 million in XRP in 7 days

July 24, 2024 1 min read

Whales, large investors known for their massive holdings, have seized over 140 million XRP tokens valued at around $84 million in the past week. This surge in buying pressure is attributed to Judge Phyllis Hamilton’s landmark ruling in Ripple’s ongoing legal process, which extended the deadline for excluding four expert testimonies until July 26. Crypto tracking service Whale Alert identified substantial on-chain movement of approximately 140 million XRP ($84 million).

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