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Ripple News

A Warning To XRP Executives On Price Decline
Ripple News

A Warning To XRP Executives On Price Decline

The attention of the XRP community has been drawn by one of the enthusiasts in the ecosystem following the recent happenings with the XRP price and the network generally, he called the attention of all the strongholds of Ripple giving them a "sincere warning" and admonishing them to act with immediate effect in resolving the price decline that has become imminent in the network. XRP fan Mack from the Netherlands previously gave this call, creating a critical foothold from other community members. Taking to X, Mack stated that it was time for something to be done, instead of looking silently at the decline price. Read Also: How Will Ripple vs SEC’s Case End, Expert Gives Trails Of Possible Outcome He pointed at Ripple's CEO, Brad Garlinghouse, and its CTO, David Schwartz. Also, he ...
Web3 Security Hack: New Discoveries Into Ripple’s Chairman Theft
Ripple News

Web3 Security Hack: New Discoveries Into Ripple’s Chairman Theft

The security analyst was one of the persons to point out the hack on Jan. 31 following ZachXBT's revelation. Review that prior reports were that the theft prompted the deficiency of around 213 million XRP, with the malevolent actor utilizing centralized exchanges to target the assets. In its most recent report, Hacken brought up that the hack of the taken assets took more than 11 hours. The stage mentioned that this length is unconventional, as hackers frequently take out assets as fast as they can following a hacking occurrence. https://twitter.com/hackenclub/status/1755246957201678670 The New discovery by Hacken pioneered by their security team of experts Dmytro Yasmanovych, uncovered that the hacker moved the XRP from Larsen's wallet to eight distinct addresses, and afterward p...
Ripple Could Face Billions in Fines: Shocking Scenario Revealed by Analyst
Ripple News

Ripple Could Face Billions in Fines: Shocking Scenario Revealed by Analyst

The Ripple vs. SEC lawsuit, a saga that has gripped the cryptocurrency community for years, took a dramatic turn with a potential multi-billion dollar fine hanging over Ripple's head. Renowned crypto expert Zach Rector, in a recent YouTube analysis, laid out a worst-case scenario that could see the payments giant cough up a staggering $3 billion to the U.S. Securities and Exchange Commission (SEC). Read Also: Ice is Breaking onto the Scene: Major Listing on OKX Exchange This Week! Disgorgement on the Horizon? At the heart of the potential penalty lies the regulatory question of whether XRP, Ripple's native token, constitutes an unregistered security. Rector argues that if Judge Analisa Torres rules in favour of the SEC on XRP's On-Demand Liquidity (ODL) sales being investment contract...
SEC Heats Battle with Ripple, Demanding Financial Statements and Raising New Claims
Ripple News

SEC Heats Battle with Ripple, Demanding Financial Statements and Raising New Claims

The ongoing saga between the Securities and Exchange Commission (SEC) and Ripple Labs took a sharp turn this week as the SEC filed a motion in federal court demanding access to Ripple's financial statements for 2022-2023 and post-complaint contracts governing institutional XRP sales. This escalation suggests a new phase in the legal battle, potentially focusing on transactions after the initial lawsuit was filed in December 2020. Read Also: Terraform Labs Founder Do Kwon Fights Extradition, Delays US Trial https://twitter.com/FilanLaw/status/1745512272313606586 Key Points of the SEC's Motion Financial Statements: The SEC seeks Ripple's financial statements for the past two years, potentially aiming to assess the impact of post-complaint XRP sales on the company's finances. I...
Ripple Secures VASP License in Ireland, Expanding Financial Operations
Ripple News

Ripple Secures VASP License in Ireland, Expanding Financial Operations

In a significant development, Ripple has been granted yet another financial license, marking a strategic move further to enhance its capabilities in the digital asset space. The newly acquired VASP (Virtual Asset Service Provider) license, issued by the Central Bank of Ireland, opens the door for Ripple to engage in various financial activities, solidifying its position in the evolving blockchain and cryptocurrency landscape. Read Also: Shiba Inu Experiences Surge in Price Amidst Staggering Whale Transactions https://twitter.com/HighVibeAssets/status/1741984296225628286 The VASP license obtained by Ripple encompasses a spectrum of financial services, including: Transfer of Digital Assets: Ripple is now authorized to facilitate the seamless transfer of digital assets, providin...
Ripple CLO Discloses SEC Lawsuit Settlement Offer
Ripple News

Ripple CLO Discloses SEC Lawsuit Settlement Offer

In a recent development in the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), the Chief Legal Officer (CLO) of Ripple has unveiled details of a settlement offer. The revelation comes on the heels of a tweet by the crypto analyst known as 25hoursawake, who hinted at significant behind-the-scenes negotiations. Read Also: Solana's Meteoric Rise: A Comprehensive Analysis and Future Price Predictions https://twitter.com/25hoursawake/status/1738878664538837089 The Battle Between Ripple And SEC According to the disclosed information, the SEC has extended a settlement proposal to Ripple, marking a potential turning point in the protracted legal dispute over the XRP cryptocurrency. The terms of the proposed settlement remain undisclosed, leav...
Ripple-SEC Lawsuit Update: Analyst Predicts Trial Delay, Highlights Regulatory Implications for XRP
Ripple News

Ripple-SEC Lawsuit Update: Analyst Predicts Trial Delay, Highlights Regulatory Implications for XRP

The protracted legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to captivate the cryptocurrency world, with a recent update shedding light on the timeline and potential regulatory implications for XRP. While Ripple has secured several victories against the SEC, the lawsuit's impact on XRP, especially during the 2021 bull run, remains a critical concern for the crypto community. Read Also: Could Ripple's Bold Move of Burning Escrowed XRP Funds Ignite a Surge in XRP's Price? The lawsuit, initiated by the SEC in 2020, alleged that Ripple's sale of XRP constituted an unregistered securities offering, creating regulatory uncertainties for the broader digital asset space. As of 2023, Ripple stands at a 3-0 advantage against the SEC, with most comp...
Ripple Celebrates 1 Year Anniversary with Over 500 Companies Leveraging XRP for Cross-Border Settlements
Ripple News

Ripple Celebrates 1 Year Anniversary with Over 500 Companies Leveraging XRP for Cross-Border Settlements

Ripple, a leading cryptocurrency payments firm, marked its one-year anniversary with a revelation of the widespread adoption of its payment solutions for cross-border settlements. The disclosure was made by Ripple's spokesperson during the Ripple Payment Roadshow hosted by the Australian Trade & Logistics Corporation (ATLC) in Melbourne. Ripple has been a pioneer in shaping the landscape of cross-border payments through its innovative solutions. During the event, it was emphasized Ripple's commitment to utility and highlighted the company's focus on providing tangible use cases for its technology. "Ripple believes in utility. Ripple has always taken that baseline technology, and we’ve said from the beginning that every technology needs a use case. For us, the very clear use case is ...
Legal Experts Clash Over Ripple’s Legal Victory and XRP’s Price Performance
Ripple News

Legal Experts Clash Over Ripple’s Legal Victory and XRP’s Price Performance

In a recent turn of events surrounding the Ripple v. SEC case, Australia-based lawyer Bill Morgan has taken issue with Fox Business Senior Correspondent Charles Gasparino's criticism of Ripple's legal victory and its impact on XRP's price performance. Gasparino, known for his outspoken views, particularly targeted the soundness of Judge Analisa Torres' verdict and described it as "idiotic." https://twitter.com/Belisarius2020/status/1725670335109107903 Charles Gasparino Criticized for Dismissing Judge Torres' Ruling Gasparino's critique focused on Judge Torres' decision to provide partial victories to both the SEC and Ripple, referring to it as "splitting the baby." He went on to assert that this decision had made the U.S. District Court of the Southern District of New York a laughing ...
National Bank of Georgia Selects Ripple Labs for Digital Lari (GEL) Pilot Project
Ripple News

National Bank of Georgia Selects Ripple Labs for Digital Lari (GEL) Pilot Project

In a significant move in the world of central bank digital currencies (CBDCs), the National Bank of Georgia (NBG) has chosen Ripple Labs, a San Francisco-based blockchain company, as its technology partner for the digital Lari (GEL) pilot project. The partnership between NBG and Ripple Labs is poised to explore the potential use cases and advantages of Ripple's CBDC platform, indicating a significant step forward for both entities. Read Also: Terra Luna's Classic DynComm Module Sparks Price Surge as L1 Team Approves Dynamic Validator Commissions https://twitter.com/Ripple/status/1720142420497584585 Ripple's CBDC Platform Ripple's CBDC platform, launched in May 2023, is designed to facilitate the issuance, management, and transactions of CBDCs by governments and financial institutio...