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Tag: Ripple CTO

Ripple (XRP) CTO David Schwartz Hints at Launching USD-Backed Stablecoin in June: Here’s What You Need to Know
6May By Kayode Oke MichaelNo Comments
Ripple News

Ripple (XRP) CTO David Schwartz Hints at Launching USD-Backed Stablecoin in June: Here’s What You Need to Know

Ripple's Chief Technology Officer (CTO) David Schwartz announced at the XRP Las Vegas conference the company's plans to launch a USD-backed stablecoin. Anticipated Launch of Stablecoin by Ripple The stablecoin will be backed 1-to-1 by US Dollar deposits, US government bonds, and other low-risk investments, with the aim of increasing liquidity and providing more opportunities for developers and users. This announcement has generated interest among the XRP community, as it is viewed as a more trustworthy alternative to other stablecoins such as Tether's (USDT) and Circle's (USDC). Read Also: Is DOGE Sideways Breakout a Safe Trading Strategy for $0.2? Stablecoin Market Competition The stablecoin market has become increasingly competitive lately, with investment manager Jan van Eck's so...
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Ripple and SEC Agree to Expedite Landmark Crypto Lawsuit
1May By OLAJIDE SAMUELNo Comments
Ripple News

Ripple and SEC Agree to Expedite Landmark Crypto Lawsuit

In a move that could have significant implications for the cryptocurrency industry, Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have agreed to expedite their ongoing lawsuit. The central question revolves around whether XRP, Ripple's native cryptocurrency, should be classified as a security. https://twitter.com/Ripplelordz/status/1785329536852259326 Seeking Clarity: A Faster Resolution According to a tweet by Ripple supporter RippleLord, which included a document referencing the agreement, both parties have requested a federal judge to expedite a ruling. This means they'd prefer the judge to definitively decide whether Ripple violated securities laws by selling XRP or dismiss the lawsuit entirely, bypassing a lengthy trial process. Read Also: Cardano Blockchai...
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Ripple vs. SEC Lawsuit: Final Pretrial Conference Off, But Case Heats Up
17Apr By OLAJIDE SAMUELNo Comments
Ripple News

Ripple vs. SEC Lawsuit: Final Pretrial Conference Off, But Case Heats Up

Confusion swirled around the Ripple vs. SEC lawsuit this week after rumours of a final pretrial conference were debunked by Ripple's Chief Legal Officer, Stuart Alderoty. The SEC originally filed suit against Ripple Labs, along with executives Brad Garlinghouse and Chris Larsen, in December 2020. The charges alleged Ripple sold XRP as an unregistered security, with the executives aiding and abetting the sales. However, the legal landscape shifted dramatically in July 2023. The court ruled that non-institutional sales of XRP did not constitute securities offerings, and an attempt by the SEC to appeal this decision was denied. Read Also: Terra Classic Network Targeted by Spam Transaction Attack https://twitter.com/s_alderoty/status/1780284889385902160 This recent court victory fo...
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Ripple (XRP) Slumps Alongside Market, But Bullish Analyst Foresees 1000%-3000% Gains
15Apr By Raliat IdrisNo Comments
XRP News

Ripple (XRP) Slumps Alongside Market, But Bullish Analyst Foresees 1000%-3000% Gains

The cryptocurrency market has experienced a significant downturn in the past few days, with Bitcoin (BTC) and Ethereum (ETH) leading the decline with double-digit losses. XRP, a major player in the top ten cryptocurrencies, has been particularly hard hit. As of press time, XRP is trading around $0.51, reflecting a 33.3% drop from its recent peak of $0.72 on March 11th. This decline mirrors the broader market correction attributed to rising geopolitical tensions and macroeconomic factors like inflation. Read Also: XRP Performance Against Bitcoin Raises Concerns Among Investors Despite the current slump, popular crypto analyst EGRAG CRYPTO remains bullish on XRP's future. EGRAG predicts significant gains for XRP, ranging from a staggering 1000% to a phenomenal 3000% increase. Chart An...
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Ripple CLO Discloses SEC Lawsuit Settlement Offer
24Dec By Daniel AbangNo Comments
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...
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Attorney John Deaton Unveils Trio of Major Announcements, Featuring Steven Nerayoff Interview, Crypto Payment Solution Role, and Book Release
23Sep By CryptolifedigitalNo Comments
Uncategorized

Attorney John Deaton Unveils Trio of Major Announcements, Featuring Steven Nerayoff Interview, Crypto Payment Solution Role, and Book Release

Attorney John Deaton, a well-known legal figure within the crypto space and Managing Partner at Deaton Law Firm, has delivered on his promise of a "big announcements." Less than 48 hours after teasing his nearly 300,000 followers with three hints, Deaton took to the stage to unveil three significant developments in a live video broadcast. Steven Nerayoff Interview on Crypto-Law TV In a move that has piqued the curiosity of many, Attorney Deaton announced that Steven Nerayoff, an early advisor to the Ethereum network, would be featured as a guest on Crypto-Law TV. Nerayoff had recently found himself at the centre of a debate regarding Ethereum's Initial Coin Offering (ICO). Read Also: Shiba Inu's Shibarium Gears Up for Significant Developments, Renouncing BONE Contract Marks Milestone ...
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Ripple Responds to SEC’s Request for Appeal in Ongoing XRP Lawsuit
10Aug By CryptolifedigitalNo Comments
Ripple News

Ripple Responds to SEC’s Request for Appeal in Ongoing XRP Lawsuit

In response to the recent request by the U.S. Securities and Exchange Commission (SEC) to appeal Judge Analisa Torres' court ruling, leading blockchain company Ripple has announced that it will be filing a response. The SEC's request pertains to the court's ruling on Ripple's programmatic sales of XRP and its distribution of another cryptocurrency owned by the company. Stuart Alderoty, Ripple's General Counsel, confirmed the company's intent to address the SEC's appeal request via a tweet. He stated that Ripple will officially file its response with the court by next week. Alderoty also clarified that the SEC's move to request permission for an interlocutory appeal stems from the fact that the regulator does not yet have the right to file a direct appeal. Read Also: Chainlink Whales ...
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