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Ripple News

The SEC Says It Takes No Position On Ripple’s Request To Reopen Fact Discovery As It Files A One-Line Response To Go Against Ripples’ Request
Ripple News

The SEC Says It Takes No Position On Ripple’s Request To Reopen Fact Discovery As It Files A One-Line Response To Go Against Ripples’ Request

As reported on the 8th of August by attorney James K Filan, the SEC has filed a one-line response to the Ripple Defendants' attempts to enforce Magistrate Judge Netburn’s ruling on the authentication of videos of the SEC officials’ remarks. https://twitter.com/FilanLaw/status/1556801014082277381 The SEC stated: “It takes no position on Ripple’s request to reopen fact discovery” As previously reported by Cryptolifedigital, Ripple said in the original request, that the two Subpoenas seek were not for the reopening of the discovery as requested by the SEC but related RFAs Ripple served before the end of fact discovery and which are needed to effectuate the Judge Netburn’s Order.  As stated by Ripple, the videos are present on two video-sharing platforms and on these pla...
Over 70,000 Holders Have Joined The Class-Action Lawsuit Against The SEC, Victory Is Ascertained For Ripple
Ripple News

Over 70,000 Holders Have Joined The Class-Action Lawsuit Against The SEC, Victory Is Ascertained For Ripple

As stated by the attorney John Deaton, over 70,000 XRP holders have joined the class action lawsuit against the SEC. https://twitter.com/JohnEDeaton1/status/1556460153410621441 The update was brought on the official Twitter handle of John Deaton, the attorney in charge of the Amici Status and founder law firm CryptoLaw and XRP holder representative, those seven holders who joined the cause back in 2021 January has turned into over 70,000. Read Also: Ethereum's Vitalik's Proposal To Add A Significant Amount Of Privacy To The NFT Ecosystem Has Triggered A Debate On Transparency In The Blockchain Read Also: Everest Partners With Bitso To Allow The Everest Users To Do Cross-border Payment From XRP, BTC And Other Cryptos To Mexican Peso https://twitter.com/JohnEDeaton1/status...
SEC Disagrees With The Ripple’s Request To Serve Two Non-Parties Subpoenas To Authenticate Seven Copies Of Video Recordings Of SEC Officials’ public Remarks
Ripple News

SEC Disagrees With The Ripple’s Request To Serve Two Non-Parties Subpoenas To Authenticate Seven Copies Of Video Recordings Of SEC Officials’ public Remarks

The blockchain company, Ripple has embarked on a movement towards serving two non-parties subpoenas to authenticate seven copies of video recordings of SEC officials’ public remarks on the initial requests for Admissions (RFAs). https://twitter.com/FilanLaw/status/1554974121913614336 However, the SEC failed to agree with the request and Ripple stated; .blockspare-9d07214a-fae9-4 .blockspare-block-container-wrapper{background-color:#f9f9f9;padding-top:20px;padding-right:0px;padding-bottom:20px;padding-left:0px;margin-top:30px;margin-right:0px;margin-bottom:30px;margin-left:0px;border-radius:null}.blockspare-9d07214a-fae9-4 .blockspare-image-wrap{background-image:} Specifically, the SEC has communicated to defendants that it would consent only if defendants agree to reopen disco...
Peersyst Technology Announces Its First Version Of Columbia’s National Land Registry Together With AgenciaTierras And The Support Of Ripple
Ripple News

Peersyst Technology Announces Its First Version Of Columbia’s National Land Registry Together With AgenciaTierras And The Support Of Ripple

Seems the result of a year’s partnership between Peersyst, Columbia’s National Land Agency and Ripple starts to surface as Peersyst Technology announced that it has published the first version of Columbia’s National Land Registry. As stated by the Peersyst, the document was a result of the partnership with  Colombia’s National Land Agency “AgenciaTierras” and Ripple.  “Excited to share that we just put into production the first version of the NationalLandRegistry together with AgenciaTierras and the support of Ripple, to register the first adjudication resolution in Colombia on XRPL,”  The document is made available on the National Land Agency website on the 11774th, interested people can view it. Read Also: Shiba Inu's Team To Release Weapon To Fight Against Sc...
Ripple Records 9X Year-of-Year Increase In ODL As The Total Sales Of $408 Million XRPs In The Second Quarter
Ripple News

Ripple Records 9X Year-of-Year Increase In ODL As The Total Sales Of $408 Million XRPs In The Second Quarter

Ripple, a Blockchain payment firm revealed its second quarter (Q2) financial report on Friday. According to the report, there is an impressive growth in transaction and ODL volume despite the recent downtrend in the cryptocurrency market. This update was made known while taking a comprehensive discussion credit crisis, On-Demand Liquidity growth in the new markets, and major brands betting on XRP Ledger in the second quarter. https://twitter.com/Ripple/status/1552823082737213440 Ripple made it known on its official website, that Q2 2022 which was a record quarter for its ODL further expanded above payment and traditional services, which resulted in up to 9x year-over-year. It is good to know that the On-Demand Liquidity is a trading platform that leverages XRP to enhance low...
Ripple’s General Counsel, Alderoty Tagged SEC Approach A “Bullying” While Stating The Urgent Need For a Comprehensive Legislative Structure For Crypto From The U.S.
Ripple News

Ripple’s General Counsel, Alderoty Tagged SEC Approach A “Bullying” While Stating The Urgent Need For a Comprehensive Legislative Structure For Crypto From The U.S.

In the ongoing case between SEC and Ripple where the former filed a misguided law action against Ripple alleging that XRP is a security. Ripple uses XRP (a cryptocurrency that exists on an open, permissionless, decentralized blockchain ledger) in its product offering to facilitate faster, cheaper, and more transparent cross-border payments. As previously reported the case has been since 2020 but last week, an oversight hearing focused on the SEC enforcement division was held by a House Finance Services Subcommittee, the Brad Sherman brought up the case of SEC against Ripple despite that something of such was planned to be discussed in the hearings. But Rep. Sherman, who was the Havard Lawyer, took it upon himself to raise the idea of the “scale of the largest enforcement case in crypto...
Sec’s Motion To Revoke The Ripple’s Amici Curiae Status Is Denied By Magistrate Judge Sarah Netburn
Ripple News

Sec’s Motion To Revoke The Ripple’s Amici Curiae Status Is Denied By Magistrate Judge Sarah Netburn

The SEC‘s request to revoke the amici status of XRP holders has been denied by Magistrate Judge Sarah Netburn and therefore came as a hit to the agency. The amici curiae status was gotten by Ripple via the attempt of a group of XRP holders led by the attorney John Deaton in 2021 March. The amici status allows the XRP holders to file “friends of the court” briefs https://twitter.com/FilanLaw/status/1552052776376606721 On October 4th, 2021, the movants were permitted by the court to act as “amici curiae and brief legal irrelevant to the case as approved by the court”. Read Also: Chipotle, One Of The Chain Fast-Food Displays A Whimsical Picture Of Shiba Inu Dog To Get Attention Read Also: Ethereum Active Surpasses 600,000 Ahead Of The Merge As stated by the ruling...
Ripple’s Partner, QNB is Connected With The China Bank Via RippleNet
Ripple News

Ripple’s Partner, QNB is Connected With The China Bank Via RippleNet

As stated by a Twitter handler, Navin Gupta, a connection is established between Ripple Partner, QNB with the China Bank, on the top private universal banks in the Philippines via RippleNet. https://twitter.com/GulfTimes_QATAR/status/1551224422614302720 As stated by Gulf-Times, the new partnership will allow the bank’s users to have an easy remittance process as well as a fast and enhanced cross-border transfer option. Through this service, the Filipino people in Qatar would be able to send instant funds which are up to PHP50,000 to any bank within the Philippines. According to the Navin Gupta, the Managing Director, South Asia, and MENA, at Ripple: "QNB is our biggest partner in the MENA region and we are delighted to continuously strengthen this partnership on RippleNet to...
The Magistrate Judge Netburn Denied SEC’s Objection To Unveiling The 2018 Hinman Speech Documents
Ripple News

The Magistrate Judge Netburn Denied SEC’s Objection To Unveiling The 2018 Hinman Speech Documents

In a tweet by the attorney James F. Kilan, the SEC has requested permission to file a 30-page opening brief and a 10-page reply brief in support of the SEC’s Objections to Magistrate Judge Netburn’s Ruling Order for the SEC to unveil the Hinman speech documents. https://twitter.com/FilanLaw/status/1550182769933910019 The Ripple's defendant opposed these requests, SEC initially sought leave to file an objection to all relating to the speech drafts in a single brief which the court granted. After the grant from the court, SEC has to file a 30-page memorandum of law in support of its objections,10 pages which are more than the court’s practice unless allow, and much more the SEC filed another 10-page reply brief within seven days of the defendants’ response to the SEC upcoming obj...
Rep. Sherman Did Not Admit The Fox Report On His Comments On XRP
Ripple News

Rep. Sherman Did Not Admit The Fox Report On His Comments On XRP

Rep. Sherman refuted the FOX report on his comments on XRP. Recall, FBN’s Gasparino once stated that Rep. Sherman displayed a kind of confidence that SEC would win the lawsuit against Ripple. According to the FBN report, Sherman notified the SEC to expand the lawsuit to include cryptocurrency exchanges that facilitated the trading of XRP across their various platforms. As reported by Crytpolifedigital, the Ripple executives reacted to the comments made on Tuesday by Brad Sherman, D-California, where he said the SEC should still go after the crypto exchanges transacting the Ripple token, XRP. Read Also: Ripple User, Airwallex To Launch Its Online Payment App on Shopify. Read Also: Blockchain-based Metaverse And Web3 Platforms To Form An Open Alliance For Web3 To Settle Interop...