Ripple Counsel Archives - Cryptolifedigital

Ripple Moves Over 1 Billion XRP, Locks Back 800 Million in Escrow

2May

By Raliat IdrisNo Comments

Ripple News

Ripple Moves Over 1 Billion XRP, Locks Back 800 Million in Escrow

Whale Alert data reveals significant XRP movements by Ripple on May 1st. The San Francisco-based blockchain firm transferred over 1 billion XRP across five transactions involving its XRPL wallets. This activity comes after a reported deviation from their standard practice: on May 1st, Ripple released only 500 million XRP from escrow, half their usual amount. Read Also: Shiba Inu Whale Accumulates Billions as Crypto Platforms Stock Up on SHIB Breaking Down the Transfers Despite the lower escrow release, Ripple continued its practice of locking XRP back in escrow. Here's a breakdown of the key movements: 500 Million XRP Released and Redistributed: Ripple distributed the released 500 million XRP between two wallets, allocating 200 million to one and 300 million to another. Interest...

Ripple and HashKey DX Partner to Bring XRP Ledger Solutions to Japan’s Financial Market

30Apr

By Onche Michael ONo Comments

Ripple News

Ripple and HashKey DX Partner to Bring XRP Ledger Solutions to Japan’s Financial Market

Financial technology leader Ripple has announced a strategic partnership with HashKey DX, the Tokyo-based arm of digital asset firm HashKey Group. This collaboration aims to introduce XRP Ledger (XRPL)-powered solutions to the Japanese market, with a particular focus on supply chain financing. XRPL to Facilitate Supply Chain Finance The partnership leverages Ripple's XRP Ledger, a decentralized blockchain technology that underpins the XRP cryptocurrency. Through XRPL, various solutions will be developed to enable the tokenization and exchange of both digital assets and real-world assets, streamlining supply chain finance processes. Read Also: SEC Counters Ripple's Motion to Strike Andrea Fox's Declaration SBI Ripple Asia to Play Key Role SBI Ripple Asia, a joint venture between fina...

Crypto Lawsuits: Ripple and Coinbase Cases Headed for Supreme Court Showdown?

18Apr

By Raliat IdrisNo Comments

Ripple News

Crypto Lawsuits: Ripple and Coinbase Cases Headed for Supreme Court Showdown?

The legal battles between the SEC and cryptocurrency companies like Ripple and potentially Coinbase could culminate in a landmark showdown at the U.S. Supreme Court, according to a former SEC litigator. The Heart of the Matter The core issue revolves around defining what constitutes security in the context of digital assets. Linda Steward, speaking at Columbia Business School, argued that the SEC's classification of token sales and offerings (like Ripple's XRP) as securities doesn't automatically categorize the tokens themselves as securities. Read Also: XRP Weathers Market Storm, Analyst Maintains Bullish Outlook https://twitter.com/CollinBrownXRP/status/1780563050937942232 Ripple's Ongoing Fight Ripple has been embroiled in a legal battle with the SEC for years, incurring hefty...

XRP Performance Against Bitcoin Raises Concerns Among Investors

15Apr

By CryptolifedigitalNo Comments

Ripple News

XRP Performance Against Bitcoin Raises Concerns Among Investors

Australian attorney Bill Morgan has sparked a debate within the cryptocurrency community by highlighting XRP's lacklustre performance against industry leader Bitcoin (BTC). Morgan's report reveals a concerning trend: XRP has consistently underperformed BTC across all timeframes, from the last 24 hours to the past three years. This data paints a worrying picture for XRP investors, urging them to carefully re-evaluate their investment strategies in light of these shifting market dynamics. Read Also: Solana Price Jumps After Network Update Aims to Fix Congestion Issues https://twitter.com/Belisarius2020/status/1779479161213776233 A Call to Reassess XRP Investments Morgan's observations serve as a wake-up call for XRP stakeholders. The token's struggles to stay afloat against the domin...

Black Swan Capitalist Co-Founder Urges XRP Holders to Remain Steadfast Amid Calls to Sell

27Mar

By OLAJIDE SAMUELNo Comments

XRP News

Black Swan Capitalist Co-Founder Urges XRP Holders to Remain Steadfast Amid Calls to Sell

Amid contrasting opinions within the cryptocurrency community, Vandell Aljarrah, the co-founder of Black Swan Capitalist, has issued a resolute call to XRP holders, urging them to maintain their positions despite recent advisories to sell. Aljarrah's stance comes as a rebuttal to Joshua Jake, host of the Discover Crypto channel, who advocated for XRP investors to divest from their holdings amidst what he perceives as the token's underperformance. Read Also: Terra Classic (LUNC) Soars on Upgrade, Burning, and Bullish Sentiment 90-day XRP Trajectory Sparks Debate in the Community Jake's recent assertion, grounded in XRP's lacklustre 90-day trajectory compared to other major cryptocurrencies, has sparked controversy. He highlighted data from CoinMarketCap, showcasing substantial gains in...

XRP Ledger Gears Up for AMM Launch, Anticipation Builds in Crypto Community

22Mar

By OLAJIDE SAMUELNo Comments

XRP News

XRP Ledger Gears Up for AMM Launch, Anticipation Builds in Crypto Community

The XRP Ledger (XRPL) is on the cusp of a major development with the activation of its Automated Market Maker (AMM) feature on March 21st, 2024. This move is expected to bring significant changes to the XRP ecosystem, potentially boosting its adoption and price. Increased Liquidity and Trading AMMs facilitate decentralized trading by creating liquidity pools where users can swap assets. This is expected to increase liquidity for XRP and other assets on the XRPL, attracting more traders and improving overall market efficiency. Read Also: Do Kwon to Face Charges in South Korea After Extradition Battle https://twitter.com/DPGmaximus/status/1770675229637148795 Passive Income Opportunities: Liquidity providers who deposit assets into these pools earn rewards from trading fees. This i...

Bullish Signs Spark on XRP Chart: Potential for a Price Rally in the Making?

16Jan

By Adaralegbe Tosin MNo Comments

XRP News

Bullish Signs Spark on XRP Chart: Potential for a Price Rally in the Making?

XRP, the sixth-largest cryptocurrency by market capitalization, has been hinting at a potential shift in momentum, sparking excitement among bulls in the market. After struggling below the $0.6 resistance level since early January, recent price action suggests a possible bullish swing on the horizon. Read Also: Terra Classic Price Prediction: Challenges and Potential in 2024 Recent Observations Despite a 1.9% decline in the past 24 hours and a 9.1% drop in the last 14 days, XRP's chart shows encouraging signs. The appearance of green candles indicates successive days of positive price action, suggesting increasing bullish sentiment. XRP has surpassed the 200-day Exponential Moving Average (EMA), a potentially bullish signal. Hints of a potential breakthrough above the 100...

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

22Dec

By Daniel AbangNo Comments

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...

Evernode’s Airdrop Triumph: XRP Community Embraces Innovative Layer-2 Scaling Solution

5Dec

By CryptolifedigitalNo Comments

XRP News

Evernode’s Airdrop Triumph: XRP Community Embraces Innovative Layer-2 Scaling Solution

In an extraordinary display of community engagement, Evernode's upcoming airdrop has sent shockwaves through the XRP community, attracting an astounding 2.12 billion XRP. This overwhelming response underscores the growing interest in Evernode's revolutionary Layer-2 scaling solution and its potential to reshape the landscape of the XRP Ledger (XRPL). A massive Number of Addresses have been Registered Already With an impressive 23,858 XRP addresses registered, Evernode's airdrop has exceeded expectations, showcasing the widespread appeal of the project and the enthusiastic support it has garnered within the XRP community. Read Also: Token's Resurgence Fueled by Binance-Led Token Burn and Positive Market Sentiments https://twitter.com/EvernodeXRPL/status/1731424038780916078 Evernode...

Ripple’s Lead Product Manager Clarifies: AMM on XRPL Won’t Alter XRP’s Tokenomics, But May Boost Utility

17Nov

By OLAJIDE SAMUELNo Comments

XRP News

Ripple’s Lead Product Manager Clarifies: AMM on XRPL Won’t Alter XRP’s Tokenomics, But May Boost Utility

In a recent exclusive interview with Eri, a prominent YouTuber and a key figure in the XRP community, Ripple's Lead Product Manager, Cooper, addressed concerns regarding the potential impact of Automated Market Makers (AMM) on XRP's tokenomics. The interview aimed to shed light on the implications of the forthcoming AMM launch on the XRP Ledger (XRPL). Reason Why AMM will affect XRP's tokenomics Eri questioned Cooper about the likelihood of the AMM affecting XRP's tokenomics upon its official launch on XRPL. This query stems from ongoing discussions within the XRP community, with some suggesting that the introduction of AMM could transform XRP into more of a stablecoin. To counter such assertions, crypto author Panos Mekras recently emphasized the immutability of XRP's tokenomics, deb...