XRP - Optimisus

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

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

the XRP market has witnessed a substantial $2.6 billion flow of capital

12 months ago 1 min read

Investor Confidence Soars: $2.6 Billion Flood into XRP in One Week Amidst Ripple’s SEC Showdown

The price of XRP has surged in recent days, as investors flock to the asset amidst the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Over the past week, XRP has gained nearly 11%, reaching a high of $0.52. The surge in price has been driven by a number of factors, including: The ongoing legal battle between Ripple and the SEC has also been a major driver of investor sentiment. The SEC has accused Ripple of selling XRP as an unregistered security, but Ripple has argued that XRP is a non-security and should be classified

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

12 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

Ripple's XRP Soars 13% on Bullish Market Indicators

12 months ago 2 mins read

XRP Price Surges 13% as Bullish Market Indicators Point to Further Gains

Ripple’s XRP is once again in the spotlight as it stages a remarkable comeback. In a surprising turn of events, XRP has tallied a decent 13% rally, leaving investors and enthusiasts impressed by its resurgence. This sudden surge in value can be attributed to an array of bullish market indicators that have reignited optimism among traders and reignited interest in digital asset. As XRP bounces back with vigor, it signals a potential shift in the tides for this cryptocurrency, prompting speculation about its future trajectory in the ever-evolving world of digital currencies. Riding the wave of a promising price of

The price of XRP has surged by 13% in the past two weeks

12 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

Ripple CEO Predicts 'Imminent' End to SEC Lawsuit

12 months ago 1 min read

Ripple CEO Says SEC Case Could End Soon

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 to internal communications involving a speech of former Division Director William Hinman in 2018, when he said that Bitcoin (BTC) and Ethereum (ETH) were not securities. The SEC has been

XRP surge comes after a U.S. District Court judge denied the SEC motion to compel Ripple

12 months ago 1 min read

The price of XRP jumps over 20% in the past 24 hours

The price of XRP, the native cryptocurrency of Ripple Labs, has surged over 20% in the past 24 hours. The surge comes after a U.S. District Court judge denied the Securities and Exchange Commission’s (SEC) motion to compel Ripple to produce documents related to the unregistered securities offering of XRP. The SEC filed a lawsuit against Ripple in December 2020, alleging that the company had raised over $1.3 billion through the sale of unregistered securities. Ripple has denied the allegations, arguing that XRP is a currency and not a security. The judge’s ruling is a major setback for the SEC’s

Ripple CEO Brad Garlinghouse accused the U.S. Securities and Exchange Commission (SEC)

12 months ago 1 min read

Ripple CEO Brad Garlinghouse Accuses SEC of Hypocrisy

Ripple CEO Brad Garlinghouse accused the U.S. Securities and Exchange Commission (SEC) of hypocrisy on Twitter on Tuesday. Garlinghouse’s tweet came after the SEC announced that it had reached a settlement with cryptocurrency exchange Gemini. The settlement allows Gemini to continue trading Bitcoin and Ethereum futures contracts. In his tweet, Garlinghouse said that the SEC’s decision to allow Gemini to continue trading Bitcoin and Ethereum futures contracts was “hypocritical.” He pointed out that the SEC has been pursuing Ripple for over two years for allegedly selling XRP, a cryptocurrency that is similar to Bitcoin and Ethereum. “The SEC is hypocritical,”

12 months ago 1 min read

XRP Price Surges 8% After Ripple Wins Key Court Victory

The price of XRP, the native token of Ripple Labs, jumped 8% on Thursday after a U.S. judge ruled that the Securities and Exchange Commission (SEC) must provide more information about its case against the company. The SEC filed a lawsuit against Ripple in December 2020, alleging that the company had raised $1.3 billion through an unregistered securities offering. Ripple has denied the allegations and has been fighting the case in court. In a ruling on Thursday, U.S. District Judge Analisa Torres ordered the SEC to provide more information about how it determined that XRP is a security. The judge

Alert reports that $849.1 million worth of Bitcoin was moved during the past two days.

1 year ago 1 min read

Whale transfers over $1 billion in Bitcoin, Ethereum, XRP, and Polygon

In a surprising move, some of the biggest players in the crypto market are shifting massive amounts of Bitcoin (BTC), Ethereum (ETH), XRP, and Polygon (MATIC). According to data from the whale-tracking platform Whale Alert, these transactions have taken place during a market dip, indicating that deep-pocketed investors are seizing the opportunity to buy into the market. Whale Alert reports that $849.1 million worth of Bitcoin was moved during the past two days, with the largest transaction being a transfer of 10,000 BTC worth $269.4 million from one unknown wallet to another. Other Bitcoin transactions include transfers to B2C2 and