Ripple (XRP) is a cryptocurrency platform for payment systems focused on currency exchange transactions without chargebacks. Developed by Ripple. A feature is the consensus registry. The system was launched in 2012.
The XRP Ledger XRPL is close to launching a financial market protocol as part of its ongoing development of a native lending protocol for the blockchain. This was confirmed by Panos Mekras, co-founder of Anodos Finance. Mekras referred to the presentation by Luc Bocahut, Product Director and Solutions Architect at XRP Ledger Commons. Bocahut’s presentation focused on the history…
In a rapidly digitizing world, financial technologies are undergoing unprecedented innovation, with one of the most prominent gaining increasing attention: Ripple and its associated cryptocurrency, XRP. Launched in 2012, Ripple Labs Inc. has emerged as a driving force in the realm of digital finance, providing ground-breaking solutions for the complexities of international money transfers through…
In the digitally advanced era we live in today, the notion of currency has transcended beyond physical bounds and assumed an intangible, highly efficient form known as cryptocurrency. Veiled in complexity and misconceptions, this novel form of digital currency fosters a versatile financial ecosystem driven by decentralized networks, cryptographic security, and revolutionary blockchain technology. This…
The SEC blocks crypto adoption, explains a well-known scene lawyer. However, the tide has already turned to the cryptocurrency XRP. Why the Ripple coin could take off soon. Recommendation: Gary Gensler: “Crypto Sector Full of Dealers and Scammers” SEC blocks crypto adoption The US Securities and Exchange Commission (SEC) is blocking crypto adoption to the detriment of entire…
TFL’s Terra developers fail in court to avoid an SEC lawsuit. The US authority accuses the South Korean company of having committed fraud and selling illegal securities. With founder Do Kwon threatened to be extradited to the US, the lawsuit could end drastically. A fresh verdict in the XRP and Ripple case offered new fuel. Defense lawsuit fails…
Ripple has high hopes for the release of the infamous Hinman documents in the SEC litigation. Neutral people are disappointed after the disclosure. The accused crypto company itself is completely convinced of the importance of private messages until then. Buy XRP now Ripple: Great hope in SEC dispute bursting? Is Ripple’s great hope shattered in the SEC…
Do SEC and Ethereum have an unusually close relationship? Critics claim just that, basing themselves on information about possible collusion. Information from a legal case between the authority and Ripple contradicts this thesis. SEC, Ethereum and Ripple in conflict For months, the SEC has been accused of corruption in dealing with Ethereum . The authority is biased due to affiliations…
The financial sector in Switzerland is planning a game-changer: The Swiss Bankers Association (SBA) has written a white paper covering the launch of a brand new stablecoin BGT pegged to the Swiss Franc (CHF). Switzerland: Banks plan «book money tokens» Together with experts and members of their banks, the SBA, which acts as the umbrella organization of…
In the last few days, an XRP price explosion has become apparent after the US regulator CFTC has filed a lawsuit against the crypto exchange Binance. The legal dispute resulted in an assessment that referred to cryptocurrencies as commodities. This could be groundbreaking for the dispute between Ripple and the SEC. XRP price explosion of 24 percent…
The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) seems to be going in the crypto company’s favour. The cryptocurrency firm recently requested that the decision be considered in Voyager’s bankruptcy case in its ongoing litigation. There, Judge Michael Wiles had approved a settlement because there was insufficient evidence to address the…
Ripple argues that further adjournment of the process rewards the SEC for its delaying strategy and would further disadvantage the defendant. XRP, meanwhile, is trading at $0.835 and is up about 5.7 percent over the past seven days. In the lawsuit between the SEC and Ripple, the company’s lawyers cannot complain of a lack of…
A U.S. federal court has granted the SEC another extension to submit a timeline for disclosing information about Ripple managers Garlinghouse and Larsen. The SEC has until April 15 to notify the court if additional findings are required, and the two executives have until April 8 to respond. The crypto industry’s biggest legal battle will…
Ripple Labs has announced a “Liquidity Hub” to allow financial institutions and clients to offer cryptocurrency services. Unveiled in a blog post on Nov. 9, the fintech firm touts the project as a “crypto-first future.” Every company will at one point require a digital asset strategy, Ripple noted. Notably, the new service will give Ripple’s…
Ripple Labs, Inc., a U.S. technology company behind XRP cryptocurrency, has announced that it is launching a new product that allows financial firms to provide their customers with the ability to purchase and sell cryptocurrencies. The San Francisco-based firm stated on Tuesday, November 9, that a new product called Liquidity Hub, will give business customers access to cryptocurrencies…
Early this week, U.S. district judge Analisa Torres has passed a positive ruling for XRP defendants, stating that a group of individuals who own the digital currency associated with Ripple Labs Inc can provide their meaningful perspectives in the case launched by the U.S. Securities and Exchange Commission accusing the firm of violating securities law. In March,…
The week has begun with some recovery in the crypto markets a few days after China’s regulator intensified renewed crackdown. On Friday, September 24, China’s central bank announced that crypto trading and all related services, including Bitcoin mining, are illegal. It was a difficult day of trading in the crypto markets as a new bout of China-driven…
In a major revelation, popular Shark Tank investor Kevin O’Leary said that he will be doubling his crypto holdings by the end of this year. Currently, O’Leary’s portfolio has 3 percent exposure to cryptocurrencies. The celebrity investor plans to increase this to 7 percent by the year-end. “I want to raise my exposure to crypto…