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Tag: Ripple News

Ripple vs. SEC: Settlement Talks Swirl as Key Pre-Trial Conference Approaches
16Apr By OLAJIDE SAMUELNo Comments
Ripple News

Ripple vs. SEC: Settlement Talks Swirl as Key Pre-Trial Conference Approaches

The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to be a hot topic, with recent events sparking speculation about a possible settlement. Settlement Theories and a Crucial Pre-Trial Conference A March 29th court filing revealed a settlement conference between the parties, fueling discussions. This came after the SEC requested nearly $2 billion in penalties from Ripple for alleged violations of securities laws. Ripple executives, in turn, have vehemently denied the charges. Read Also: Cardano (ADA) Holders Sit Tight, Dampening Price Rally Hopes The upcoming week of April 15th marks a significant development: a "Final Pre-Trial Conference" between Ripple and the SEC is scheduled for April 16th. While details remain unclear, this conf...
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Crypto Revolution: Ripple CEO Anticipates Market Cap Explosion to Surpass Apple and Nvidia
8Apr By Kayode Oke MichaelNo Comments
Ripple News

Crypto Revolution: Ripple CEO Anticipates Market Cap Explosion to Surpass Apple and Nvidia

Ripple CEO Brad Garlinghouse predicts that the entire cryptocurrency market value could double in 2024, exceeding $5 trillion. He attributes this potential surge to the upcoming Bitcoin halving and the launch of the first US Bitcoin ETF. Garlinghouse believes that these macroeconomic factors, combined with positive regulatory developments in the US, will drive the market's value to double from its current standing. He said: “I’ve been around this industry for a long time, and I’ve seen these trends come and go. I’m very optimistic. I think the macro trends, the big picture things like the ETFs, they’re driving for the first time real institutional money.” Read Also: Cardano Price Surge: $10 and $20 Targets Eyed by Analysts, But Timelines Extended Crypto Market Doubling in 2024: E...
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Ripple Could Face Billions in Fines: Shocking Scenario Revealed by Analyst
15Jan By Daniel AbangNo Comments
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...
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Ripple’s Chief Legal Officer Responds to SEC Lawsuit Confusion, Invites Legal Experts for Analysis
1Aug By Daniel AbangNo Comments
XRP News

Ripple’s Chief Legal Officer Responds to SEC Lawsuit Confusion, Invites Legal Experts for Analysis

In a recent tweet, Ripple's Chief Legal Officer, Stuart Alderoty, addressed the widespread confusion surrounding a recent ruling in the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and TerraForm Labs. The lawsuit involved a legal dispute over the classification of cryptocurrencies, particularly Ripple's XRP. The confusion stems from a ruling made by U.S. District Judge Jed Rakoff, who rejected TerraForm Labs' attempt to use a previous decision by Judge Sarah Netburn Torres in the Ripple case as a legal precedent to dismiss the SEC's lawsuit against the company and its founder, Do Kwon. Read Also: Binance Launches Seigniorage Elasticity Index Token (SEI) on Launchpool https://twitter.com/s_alderoty/status/1686161058770403328 Judge Torres' decision in...
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Ripple Receives Best Sustainability Initiative Award for CBDC Advancements at 2023 Digital Currency Conference
11Jul By Raliat IdrisNo Comments
XRP News

Ripple Receives Best Sustainability Initiative Award for CBDC Advancements at 2023 Digital Currency Conference

In an exciting development for Ripple and its Central Bank Digital Currency (CBDC) division, Antony Welfare, the division's Advisor, took to Twitter to share the company's remarkable achievement at the prestigious 2023 Digital Currency Conference. Ripple received its first-ever CBDC award, recognizing their exceptional advancements in digital currency and specifically lauding their Best Sustainability Initiative. The award was bestowed by Currency Research, a renowned global resource for central banks and their suppliers. Read Also: Crypto Market Teeters at Critical Stage as Renowned Lawyer Teases Imminent Shift Ripple Now Becomes the Best Sustainable Initiative award for CBDC. https://twitter.com/AntonyWelfare/status/1678439804143370242 Welfare, tweeting from the Ripple NYC office...
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Ripple’ ODL Gains More Ground Across The Globe As Ripple’s Partner, MFS Africa Signs A Partnership With Western Union
4Mar By CryptolifedigitalNo Comments
Ripple News

Ripple’ ODL Gains More Ground Across The Globe As Ripple’s Partner, MFS Africa Signs A Partnership With Western Union

The recent development shared revealed that Ripple’s ODL is encroaching everywhere as Ripple’s partner, MFS Africa, recently partnered with global American financial services giant Western Union. The update was shared yesterday by a Nigerian-based media platform, Benjamindada, noting that The partnership will allow customers to send money from nearly anywhere globally to mobile wallets in Africa powered by MFS Africa’s payment rails.  Read Also: TerraCVita Talks About The Progress Of Terra Classic Crypto Wallet, Sharing The Issues Faced In Its Coding Ripple's Payment Solution Takes More Ground As disclosed in the report, the service is set to debut in Madagascar. However, no precise timeline is given for this. According to Hassan Chatila, Global Head of Account Payout Network...
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Ripple Says 45 Payment Industry Leaders Reach The Consensus To Implement Crypto For Fast And Effective Payments
3Mar By CryptolifedigitalNo Comments
Blockchain

Ripple Says 45 Payment Industry Leaders Reach The Consensus To Implement Crypto For Fast And Effective Payments

According to the recent whitepaper released by Ripple and the US Faster Payments Council, noted an overwhelming 97% of payment industry leaders think that blockchain and cryptocurrency have the potential to accelerate payments in the next three years. Payment Leaders Support Crypto For Fast And Effective Payments An excerpt from the report released by Ripple on the 2nd of March. Saying that almost 300 surveyed payment leaders across 45 countries reached the consensus that implementing blockchain and crypto for payment solutions will result in a payment infrastructure that is faster, more cost-effective, and more transparent than the current capital-moving systems. https://twitter.com/Ripple/status/1631369032359108630 Notably, crypto payments have been a beneficiary of the Ri...
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Gary Gensler’s Failure To Investigate Sequoia Could End His Tenure Deaton Says. What Is Your Opinion?
27Feb By CryptolifedigitalNo Comments
Ripple News

Gary Gensler’s Failure To Investigate Sequoia Could End His Tenure Deaton Says. What Is Your Opinion?

Attorney Deaton told the Ripple community that the failure of the United States Commission to investigate questionable Chinese investments by Sequoia Capital could be the end of the SEC’s Gary Gensler. Gary Gensler Fails To Investigate Sequoia In his recent tweet, John Deaton noted that Sequoia was also an FTX investor. It came in response to a thread by Brian Costello, a technology executive with a background in international finance. Costello, in his line, calls out Congress for playing a role in allowing China to become a more significant threat to U.S. national security by turning a blind eye to the reluctance of the Gensler-led SEC to investigate firms like Sequoia. Read Also: Bone Shibaswap Unique Wallet Now Surpasses 76,000 https://twitter.com/JohnEDeaton1/status/1629...
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XRP Ledger-based NFT Marketplace XRP Café Receives a Nod From Ripple CTO
16Feb By OLAJIDE SAMUELNo Comments
Ripple News

XRP Ledger-based NFT Marketplace XRP Café Receives a Nod From Ripple CTO

The recent tweet shared revealed that XRP Ledger-based NFT marketplace xrp café receives a node from Ripple CTO, David Schwartz yesterday. The update came following the time when the marketplace unveiled that it had made many of its set milestones in the days prior which include a 1-of-1 NFT minter, XRP minting pages, and IPFS support. Notably, 1-of-1 NFTs are single edition NFTs. Consequently, it is not part of a collection, and no other one of it exists. IPFS is short for Interplanetary File System. It is used to store off-chain NFT data, serving as a pointer to this data and eliminating disputes over NFT ownership. Ripple CTO, David Schwartz, Gives A Nod To XRP Ledger-based NFT Marketplace Aside from the above mentioned, the Non Fungible Token marketplace shared data fro...
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