Tuesday, February 7

Ripple News

Coinbase Gains Victory Over The Allegation Against It For Selling Unregistered Security, Ripple Expects Coinbase To Relist XRP
Ripple News

Coinbase Gains Victory Over The Allegation Against It For Selling Unregistered Security, Ripple Expects Coinbase To Relist XRP

It was a celebration gallon when the Coinbase exchange gained victory over the allegation laid against it for selling unregistered security to the customers and given this, the community of XRP got their hope alive, expecting the exchange to list XRP tokens again. According to reports, United States District Judge Paul Engelmayer dismissed a class action filed by Coinbase customers claiming the exchange sold unregistered securities to them. The customers also claimed that the prominent San Francisco-based exchange failed to register as a broker-dealer.  Read Also: London Lions Basketball Team Now Supports Shiba Inu The case, filed against Coinbase and its CEO Brian Armstrong, was dismissed yesterday by Judge Engelmayer. The United States District Judge tossed out the case because...
Ripple Releases Its Q4 2022 ODL XRP Sales Report, Surpasses Q3. Check Out.
Ripple News

Ripple Releases Its Q4 2022 ODL XRP Sales Report, Surpasses Q3. Check Out.

The report of Ripple’s On-Demand Liquidity (ODL) XRP sales report revealed that the total XRP sale is about $226.31M. “The report was revealed by the leading blockchain company; The Q4 2022 XRP Markets Report is now live–detailing ebbs and flows in the broader crypto market to a ramp up in regulatory actions, as well as significant XRPL technical developments including XLS-20 going life on Mainnet, and the EVM sidechain on Devnet.” Read Also: A Newly Launched Token, Cremation Coin, Burns Over 16 Million LUNC At A Stand https://twitter.com/Ripple/status/1620201065638420480 Ripple's ODL Sales Increases It is worth noting that the total sales of XRP in the last quarter of 2022 are greater than the third quarter by nearly $100 million, at about $2.964 billion. However, the c...
Ripple Welcomes Monica Long As The New President Of Ripple Blockchain
Ripple News

Ripple Welcomes Monica Long As The New President Of Ripple Blockchain

The recent development shared by the leading blockchain revealed that the network had disclosed the new president to manage the affair of the blockchain company. As shared by Ripple on its handle, the election of Monica Long as the new president of the Ripple blockchain. This development comes up amid the company’s heated legal battle with the U.S. Securities and Exchange Commission. Read Also: Edward Kim Gives Some Highlights Pertains The Allnodes' Operations. Check It Out The appointment was disclosed by Ripple in an official press release on Thursday, and further publicized through its Twitter handle today. https://twitter.com/Ripple/status/1618975257658028033 New President Of Ripple Blockchain It is worth noting that Monica Long has been with Ripple for o...
Attorney John Deaton To Attend An Upcoming Important Hearing For All Crypto. See What It Entails
Ripple News

Attorney John Deaton To Attend An Upcoming Important Hearing For All Crypto. See What It Entails

In the recent tweet shared by the XRP’s law expert, attorney John Deaton noted that the upcoming hearing between open-source content distribution company LBRY and the SEC is an  “incredibly important hearing for all crypto.” A Hearing For Crypto To Hold Soon Per the expert, the hearing was slated to take place on January 30 at 3 PM at the Warren B. Rudman United States Courthouse in New Hampshire. He reiterated that he filed an appearance and amicus curiae on behalf of tech journalist Naomi Brockwell in the upcoming hearing.  It bears mentioning that the Investors Choice Advocates Network also filed an amici curiae brief supporting LBRY in the lawsuit. According to attorney Deaton, LBRY and the amici are requesting that the Judge clarify that the company’s native token, LBC,...
SentBe, Ripple’s Partner, Launches An International Money Transfer Service In United State.
Ripple News

SentBe, Ripple’s Partner, Launches An International Money Transfer Service In United State.

The recent press release revealed the launching of an International Money Transfer Service in the United States. The launch implies that migrant workers and customers can leverage the service to move money to over 50 countries, including South Korea, China, the U.K., India, and France. According to the press release, the centre will help its users efficiently complete the transaction at a lower rate than existing money transfer services in the United States. Read Also: TerraCVita Launches Discounted Private Sale Of Its DEX Commenting on the development, Alex Seong-Ouk Choi, CEO of SentBe, said in a statement that migrant workers had widely adopted the company’s service across Asia. These migrant workers have recorded tremendous success using the service in Asia due to SentBe’s...
SEC’s Claim Prompts Ripple Community’s Responses Including Ripple Counsel Stuart. Detail
Ripple News

SEC’s Claim Prompts Ripple Community’s Responses Including Ripple Counsel Stuart. Detail

In a recent tweet shared by the Ripple General Counsel, Stuart Alderoty reacted to the SEC's claim filed against Ripple for defying its authority. Stuart said; “Even if true, this only shows that the SEC’s unelected bureaucrats believe they have unchecked power to issue indiscriminate closed-door edicts under pain of punishment to those who don’t blindly obey,” Alderoty further wrote. “We have crossed from regulation by enforcement to hubris most foul.” Read Also: Terra Classic Releases Proposal 11243 To Get LUNC Gas Fees Increased. Is It A Plus? https://twitter.com/s_alderoty/status/1610744821567655950 SEC's Claim Prompts Ripple Counsel's Response The statement by Ripple’s counsel came as a result of the FOX Business’ Charles Gasparino, who claimed that in the course of ...
Brad Garlinghouse Says “He is Cautiously Optimistic That 2023 Is The Year We Will Have Breakthrough. Do You Agree With This?
Ripple News

Brad Garlinghouse Says “He is Cautiously Optimistic That 2023 Is The Year We Will Have Breakthrough. Do You Agree With This?

In a recent tweet shared by Ripple’s chief, Brad Garlinghouse, saying that "Today is the first day of the 118th Congress, saying while prior efforts at regulatory clarity for crypto in the US have stalled, I am cautiously optimistic that 2023 is the year we will (finally!) see a breakthrough.” Brad Garlinghouse Anticipates Breakthrough In 2023 In the same premise, Brad Garlinghouse highlighted that Congress is not starting from scratch, as different groups have submitted bills covering different aspects of the emerging industry.  https://twitter.com/bgarlinghouse/status/1610352765129338880 He also agreed that no bill is all perfect, on this view, he warned saying that waiting for perfection could prove costly, as Singapore, the European Union, Brazil, and Japan have already ...
Attorney Deaton Says SEC’s Settlement With Ripple Is Unlikely. Here’s Why
Ripple News

Attorney Deaton Says SEC’s Settlement With Ripple Is Unlikely. Here’s Why

Attorney John Deaton revealed in his recent tweet saying that an out-of-court settlement in the US Securities and Exchange Commission case against Ripple is unlikely, predicting that the patient will get a court ruling instead. Attorney Deaton Go With Minority That Says SEC With Ripple Is Not Ready For Settlement Notably, Deaton said this because of the recent outcome of the Twitter poll he initiated on what could be the result of the legal battle in 2023. Notably, the result showed that most XRP holders believed a settlement was the most likely outcome. Read Also: Terra Classic Burns Over 142 Million LUNC On A New Year's Day, LUNC Burn Rate Spikes Over 69k% https://twitter.com/JohnEDeaton1/status/1609598490421886976 It is worth noting that John Deaton stood with the few...
Attorney Deaton Reveals What XRP Community Needs To File A Successful Legal Action Against SEC
Ripple News

Attorney Deaton Reveals What XRP Community Needs To File A Successful Legal Action Against SEC

Attorney John Deaton recently revealed why it would be hard for the file a successful legal action against the United State Security and Exchange Commission and also stated what the XRP community would needs to do Attorney Deaton and the representative of over 75k amicus brief stated that the SEC would not be defeated for calling Ripple’s XRP security because the principle of separation of powers limits the power of the courts on its core functions like enforcement and legal action.  Read Also: Shytoshi Kusama, The SHIB Lead Developer, Hints On The Launch Of Shibarium. See What He Said Attorney Deaton Hints On what XRP Community Needs To do It is worth noting that attorney Deaton once filed a petition for a writ of mandamus he filed in January 2021.  The attorney explains ...
Ripple’s Partner, DeeMoney, Initiates Partnership With Visa To incorporate Visa Direct With International Payment Platform
Ripple News

Ripple’s Partner, DeeMoney, Initiates Partnership With Visa To incorporate Visa Direct With International Payment Platform

The recent development revealed that Ripple’s partner, DeeMoney, has entered a partnership with Visa to incorporate Visa Direct with its international payments platform. According to the report, the partnership will allow users to carry out near-instant peer-to-peer cross-border payments to over 170 countries in 160 currencies using only the recipient’s Visa card details. Visa said recipients would receive funds within 30 minutes of the transaction, unlike traditional cross-border payment methods that take days to reach the recipients. Read Also: Proposal 1111 To Repeal Reminting Of 50% LUNC Has Been Successfully Passed https://twitter.com/1CrypticPoet/status/1607542655285694464 DeeMoney And Visa Partnership To Function By 2023 As a matter of precision, the service will c...