Monday, December 4Welcome to Cryptolifedigital

Tag: Ripple News

Ripple’s Chief Legal Officer Responds to SEC Lawsuit Confusion, Invites Legal Experts for Analysis
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...
Ripple Receives Best Sustainability Initiative Award for CBDC Advancements at 2023 Digital Currency Conference
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...
Ripple’ ODL Gains More Ground Across The Globe As Ripple’s Partner, MFS Africa Signs A Partnership With Western Union
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...
Ripple Says 45 Payment Industry Leaders Reach The Consensus To Implement Crypto For Fast And Effective Payments
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...
Gary Gensler’s Failure To Investigate Sequoia Could End His Tenure Deaton Says. What Is Your Opinion?
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...
XRP Ledger-based NFT Marketplace XRP Café Receives a Nod From Ripple CTO
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...
Attorney Deaton Says No Settlement Between SEC And Ripple. Would SEC Settle With Ripple?
Ripple News

Attorney Deaton Says No Settlement Between SEC And Ripple. Would SEC Settle With Ripple?

Attorney Deaton of Ripple has stormed the internet as he says the SEC chairman, Gary Gensler, will not settle with Ripple. Recall that Deaton once stated earlier this year, saying that Gensler would not want to settle with Ripple because such a move would require him to publicly agree that XRP transactions, including secondary market sales, are non-securities.  Read Also: Terra Classic Community Stakes A Total Of 3.5 Billion LUNC Tokens In A Day, Summing The Total Staked To Almost 1T https://twitter.com/JohnEDeaton1/status/1625627765293678593 In the same vein, he said that Ripple will only consider settling with the United State commission only if the commission is ready to provide clarity for XRP and declare the crypto asset non-security, attorney Deaton added.  Would SE...
Deaton Forces The SEC To Believe That XRP Is Software Code And Not A Security
Ripple News

Deaton Forces The SEC To Believe That XRP Is Software Code And Not A Security

Attorney Deaton noted in the recent tweet that the Securities and Exchange Commission was forced to admit that XRP is a “software code” following the amici brief he filed on behalf of the community. The update on accepting the SEC was a big win for the Ripple community. The attorney that represents the over 75,000 XRP holders made this known following a Twitter user-backed self-acclaimed Bitcoin creator Craig Wright calling XRP a scam and security. After Wright described XRP as a scam, Deaton disclosed that he responded with a phrase: “the pot calling the kettle black.” Read Also: Some Community Members Doubt LUNC Hits $1. What Do You Think? Stripped down, XRP is software code. However, Deaton’s statement was not pleasing to Wright and for that reason, he blocked Deaton on Twi...
Bank Of England Mentions Ripple In Its Consultation Paper, Saying It Has Joint Project With Ripple
Ripple News

Bank Of England Mentions Ripple In Its Consultation Paper, Saying It Has Joint Project With Ripple

The recent update revealed that the good dead of the leading blockchain company, Ripple, has started paying as it was recently mentioned in the Bank of England (BoE) consultation paper on the digital pound, U.K.’s digital currency. It is worth noting that Ripple has been extraordinary in helping central banks in different parts of the world, including Bhutan. The Bank of England sought a method to get a digital version of the pound, which would eliminate the use of banknotes and coins in the United Kingdom. However, the BoE said it would decide whether to proceed with the plans highlighted in the consultation paper. Read Also: Rex Harrison Highlights Some Of The Benefits Of The Long-awaited Terraport. Bank Of England Says It Has Joint Project With Ripple In the qu...