Tag: Ripple News

Ripple has upgraded its servers to version 1.9.1. of the XRP ledger protocol, as stated by a blog post shared earlier today.The most recent implementation allows validators to vote in favor of the XLS-20 standard, which would bring non-fungible tokens to the ledger. Read Also: Shiba Inu Metaverse's Team Adds Former Technicolor Executive, Entertainment Veteran Marcie Jastrow RippleX, the developer arm of the San Francisco-based blockchain firm, claims that validators have to operate due diligence before deciding whether or not they should vote in favor of the correction. XRP ledger offers support for fungible assets that can be used for payments. The new amendment, if passed, would make it possible to mint transfer and burn NFTs on the ledger. The team has done "extensiv...

Ripple-based remittances may soon expand further into Latin America as Ripple partner Becs enters a new deal with Ebury. Ebury, the Banco Santander-backed provider of corporate banking services to SMEs that trade internationally, has agreed to buy Bexs in a move that expands its international payments offering to Latin America, specifically Brazil. Read Also: The Charles Hoskinson States This Crypto Winter Will Take Months to Get Its Bottom https://twitter.com/WKahneman/status/1524452123408166912 Subject to regulatory approval, the deal includes Bexs Benco ( foreign exchange) and Bexs Pay (payments), expanding Ebury's international money transfer options for SMEs. Bex will also assist businesses that sell their products online in Brazil, particularly marketplaces, ...

In its recently released Q1, 2022, report, Ripple gives the latest information on quarterly XRP sales and pertinent XRP-related announcements. Ripple stated in the report that its remittance platform, RippleNet, saw astounding growth at the start of the year. Read Also: Ripple CEO Says SEC Case Could Resolve This Year It states that Q1, 2022, was a record quarter for On-Demand Liquidity (ODL) as volumes rose with nearly 8x YoY growth. Overall, RippleNet saw a $15 billion annualized payment volume run rate marking unrivaled growth as ODL use cases continued to expand. Other areas it touched upon are: XRPL's progress in the NFT Space Ripple says it has received over 4,000 applications for NFT projects on the XRP Ledger since the launch of the creator fund. In April, VSA ...

In a late interview with Fox Business, Ripple CEO Brad Garlinghouse said that the company’s ongoing legal battle with the U.S. Securities and Exchange Commission has gone "quite well." The case, which is expected to set the agenda for the entire cryptocurrency industry going forward, is now getting close to summary judgment filings. Garlinghouse says that the case could resolve this year, but that is the "optimistic" view. "It's not impossible," the executive said. Read Also: Whales Holding 1.19 Trillion SHIB Buy Trendy Coins, But This Investor Sticks to Shiba As stated by U.Today, motions for summary judgment have to be adequately briefed before Nov.15, as stated by the summary judgment have to be fully briefed before Nov. 15, according to the court's modified s...

Analisa Torres, a judge for the United States District Court for the Southern District of New York, has set a briefing schedule for Ripple and the U.S. Securities and Exchange Commission in her recent order.In late March, the court asked the parties to agree on the schedule for filing summary judgment motions.After meeting and conferring, the parties submitted a joint proposed schedule for the court's approval on April 29. Read Also: 115.3 Million XRP Sent by Ripple and Large Exchanges to This DestinationTorres has investigated the parties' letter, ordering that all motions to exclude expert testimony must be fully briefed by the end of August. The scheduling order would not apply to any motions that are meant to block the expert testimony of financial expert Anthony M. Bracco. Such te...

Ripple fintech giant and a couple of large digital exchanges have moved a whopping 115.3 million XRP coins with the San Francisco-based tech firm moving more than half of the total amount. Ripple moves 70 million XRP out of 115 to its ODL platform Approximately 15 hours ago, the Ripple blockchain behemoth was spotted making two substantial transfers of 70 million XRP in total. These transactions carried 50,000,000 and 20,000,000 of Ripple-affiliated tokens. Read Also: Ripple vs SEC: Resolution Probably to Come in 2023 As Stated by Ripple’s Stuart Alderoty As stated by Bithomp XRP-focussed data provider, one of Ripple's reserve wallets—RL18-VN—was engaged in both transactions. It was the destination for 50 million XRP and, from it, 20 million coins were sent to Coins. ph, a Rip...