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Tag: Ripple Wallet

Ripple Celebrates 1 Year Anniversary with Over 500 Companies Leveraging XRP for Cross-Border Settlements
Ripple News

Ripple Celebrates 1 Year Anniversary with Over 500 Companies Leveraging XRP for Cross-Border Settlements

Ripple, a leading cryptocurrency payments firm, marked its one-year anniversary with a revelation of the widespread adoption of its payment solutions for cross-border settlements. The disclosure was made by Ripple's spokesperson during the Ripple Payment Roadshow hosted by the Australian Trade & Logistics Corporation (ATLC) in Melbourne. Ripple has been a pioneer in shaping the landscape of cross-border payments through its innovative solutions. During the event, it was emphasized Ripple's commitment to utility and highlighted the company's focus on providing tangible use cases for its technology. "Ripple believes in utility. Ripple has always taken that baseline technology, and we’ve said from the beginning that every technology needs a use case. For us, the very clear use case is ...
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 Whales Move A massive 340.8 Million XRP, Although Its Price Still Experiences Struggle
XRP News

Ripple Whales Move A massive 340.8 Million XRP, Although Its Price Still Experiences Struggle

Per the Whale Alert, the usual XRP movement of the massive amount of XRP occurred again as the Ripple whales moved a massive 340,804,615 XRP valued at around $152.97 million were shuffled by unknown whales over the past 24 hours. The detail of the transaction was shared by the Whale Alert on its handle, saying how the massive amount of XRP was moved by a Ripple whale to an unknown whale. Read Also: Dogechain On-chain Stats Tells The Reason For The 300% Spike In Seven Days Details For The Ripple Whales Massive Transaction Whale Alert noted that Ripple transferred a total of 100 million XRP worth $45,474,634 to an unknown wallet roughly eight hours ago. It is worth noting that the transfer was related to the company’s On-Demand Liquidity service. This solution uses XRP as a brid...
Ripple Transfers A whopping 75 Million XRP To Unknown Wallet coins, Whales Investors Re-shuffle 158.7 Million XRP
XRP News

Ripple Transfers A whopping 75 Million XRP To Unknown Wallet coins, Whales Investors Re-shuffle 158.7 Million XRP

In a recent tweet by Whale Alert,  It was noted that a whopping amount of XRP tokens were transferred by both Ripple and Whale investors. The leading blockchain firm was confirmed to transfer a whopping 75 million XRP to an unknown wallet. The fund was worth $35 million at the time of the transaction. Read Also: Binance Implements Proposal 5234 As It Reduces 1.2% Parameter To 0.2%. https://twitter.com/whale_alert/status/1582505451253813248 As noted by the Bishomp Explorer, the Ripple address that made the transaction had been used in making a massive amount of XRP before. As a matter of fact, the address had shifted a total of 123 million XRP, valued at around $60 million at the current exchange rate of $0.45.  Notably, the massive transaction is a means to meet t...