Friday, December 9

Tag: Ripple

Unknown Whales Move A Whopping 492.94 million XRP In The Past 24 Hours, Ripple Gets More Support From Platforms Against SEC
XRP News

Unknown Whales Move A Whopping 492.94 million XRP In The Past 24 Hours, Ripple Gets More Support From Platforms Against SEC

According to a recent tweet by Whale Alert, Whales initiated a massive transaction that claimed a whopping 492,942,004 (492.94 million) Ripple’s XRP in the past 24 hours. The record revealed that the transaction occurred a few hours after Ripple, the lead blockchain company locked a massive 1.2 billion XRP in the escrow wallet. Read Also: David Gokhshtein Says "Half the people I know made more gains on DOGE and SHIB than BTC,”  Details Of Whales XRP Transaction According to the Whale Alert, a transaction occurred which involved the transferring of a whopping 67,509,674 (67.5 million) XRP from FTX to an address on the world's largest crypto exchange, Binance, in three separate transactions. The worth of the transaction at the time of the transaction was almost $30.42 million. ...
Companies Like Coinbase, Valhi Capital, And Crypto Council Request To File Amicus Brief In Favour Of Ripple, Ripple’s Victory Is Imminent.
Ripple News

Companies Like Coinbase, Valhi Capital, And Crypto Council Request To File Amicus Brief In Favour Of Ripple, Ripple’s Victory Is Imminent.

The leading blockchain company, Ripple, waxes stronger daily as new companies like Coinbase, Valhi Capital, and Crypto Council requested to file Amicus Briefs in favour of Ripple in the ongoing lawsuits. The new development was shared by former federal prosecutor cum defence lawyer James K. Filan in the last 24 hours. One of the top exchanges, Coinbase, filed an amicus brief highlighting that as a US-based exchange, the legal action brought against Ripple by the US SEC forced it and other US exchanges to delist XRP, triggering a $15 billion loss in its market value which Coinbase’s customers felt.  Read Also: Dogecoin Spikes Following Elon Musk's Acceptance Of Twitter Deal. https://twitter.com/FilanLaw/status/1587207108692418564 Coinbase, Valhi Capital, And Crypto Council...
The First Stage Of EVM-Compatible XRP Ledger Goes Live
Blockchain, Ripple News

The First Stage Of EVM-Compatible XRP Ledger Goes Live

In a recent tweet shared by RippleX, Introducing the first phase of bringing an Ethereum Virtual Machine (EVM) sidechain to the XRP Ledger. The XRP ledger seems to have been behind the curve in blockchain interoperability with the EVM, despite seeing massive growth in recent years. The whole thing will enter another level as the launch of the testing phase of XRPL’s EVM-compatible sidechain, as announced by the official Twitter account of XRPL Developers, RippleXDev. Read Also: Binance Exchange Remains Committed To Its Promise To LUNC Network As It Burns Over 2.5 Billion LUNC Tokens https://twitter.com/RippleXDev/status/1581998430246690817 It is worth noting that Ethereum presently holds the position of the most versatile and utilized blockchain in cryptocurrency. As popu...
XRP Holders Increases To Over 75,000 As A Sign of Support In The Ongoing Lawsuit Against SEC
XRP News

XRP Holders Increases To Over 75,000 As A Sign of Support In The Ongoing Lawsuit Against SEC

In the ongoing lawsuit between Ripple and SEC, it is worth noting that the number of the XRP holders increases from time to time as the attorney behind the XRP holder and amici status put it upon himself to get justice for XRP victims of the SEC lawsuit, and the process has continued to gain momentum. XRP Holders Increases To 75,000, The Lawsuit May Be In Favor Of Ripple Attorney John Deaton shared the new development in the number of the XRP holder on its Twitter handle, asking community members to engage with Deaton for the required information as he continues to work on behalf of 75K XRP holders. Read Also: Binance Adds Terra UST Classic (USTC) In The List Of Borrowable Assets On Binance Crypto Loa https://twitter.com/CryptoLawUS/status/1580234409034121223 Recall that ...
Ripple And SEC Jointly File Against Third Parties To Avoid any Delay
Ripple News

Ripple And SEC Jointly File Against Third Parties To Avoid any Delay

According to the recent tweet by attorney James, the two parties have filed a request that any motions by third parties to seal portions of the parties’ judgement filing be filed subject to the court’s September 12th, 2022 order. Ripple and SEC did this to avoid being dragged by third parties Read Also: A whopping 270,000+ Ethereum Were Sent To Central Exchanges Within The Space Of Two Hours Ripple and SEC To Avoid Being Dragged By Third Parties Regarding the request, Ripple and SEC want all sealing motions to the summary judgement filings made by third parties to be due by December 9, 2022. Additionally, oppositions to these sealing motions are expected to be filed no later than December 22, 2022. “The parties respectfully submit this joint application to request that any mot...
Attorney Hogan Says The XRP Tokens Is Not A Security Inherently
XRP News

Attorney Hogan Says The XRP Tokens Is Not A Security Inherently

The ongoing case between Ripple and SEC is the biggest one ever as far as the crypto industry is concerned. However, the blockchain firm, Ripple, has not received as much support from crypto-related projects as many expected. The Silicon Valley tech company has pretty much been left to engage with the SEC alone in the lawsuit.  Ripple's Case Maybe Put To A Stop Soon With the new development, Ripple would be getting the support it so badly helps which could aid the company to halt the ongoing lawsuits. Read Also: Users Can Now Convert LUNC And USTC To Bitcoin, BUSD, And Tether Without Paying Any Fees The partner at Hogan and Hogan Law firm, attorney Jeremy Hogan said in an announcement the Chamber of Digital Commerce, the world’s leading blockchain trade organization, has ...
SpendTheBits Is launched On The XRPL To Allow Faster And Low-Cost Bitcoin Transaction With Merchants, Who Accept Bitcoin As A Payment Method
Ripple News

SpendTheBits Is launched On The XRPL To Allow Faster And Low-Cost Bitcoin Transaction With Merchants, Who Accept Bitcoin As A Payment Method

In an attempt to get the issue of delay and high Bitcoin transactions, a new payment platform was released to permit users to send Bitcoin faster and cheaper to merchants who accept digital currency as a mode of payment. https://twitter.com/Spend_The_Bits/status/1568305129333600257 It is worth noting that the SpendTheBits (STB) is a payment solution released on Ripple’s XRP Ledger (XRPL) to ensure users do faster and more low-cost Bitcoin transactions with merchants. Read Also: An additional 6 Billion Plus LUNC Was Staked Making The Total Staked To 534.29 Billion LUNC The SpendTheBits developers launched the solution on Ripple to leverage the limitless payments feature of Bitcoin, which includes faster, cheaper, and eco-friendly transactions.  “By deploying a user’s ...
Various Disputes Present In The Process Of Being Briefed: Ripple Versus SEC
Ripple News

Various Disputes Present In The Process Of Being Briefed: Ripple Versus SEC

Attorney James K. Filan tweeted a page containing an abridged update of the lawsuits between Ripple and SEC. https://twitter.com/FilanLaw/status/1567207255971332097 A page document shared by James stated that there are still several disputes that are in the process of being briefed. Read Also: Vasil Node Candidate, Version 1.35.3 Nowe Produces 94% Of The Block And Four Different Exchanges Disclosed Their Readiness For Vasil .blockspare-1685ff01-b7e8-4 .blockspare-block-container-wrapper{background-color:#f9f9f9;padding-top:20px;padding-right:0px;padding-bottom:20px;padding-left:0px;margin-top:30px;margin-right:0px;margin-bottom:30px;margin-left:0px;border-radius:null}.blockspare-1685ff01-b7e8-4 .blockspare-image-wrap{background-image:} In the document, several disputes were ...
Ripple Has Several Pilots In Progress For CBDCs Says Ripple’s Senior Advisor, Anthony Welfare
Ripple News

Ripple Has Several Pilots In Progress For CBDCs Says Ripple’s Senior Advisor, Anthony Welfare

In a recent interview, Ripple’s Senior Advisor, Anthony Welfare, disclosed that the blockchain company is presently working on various CBDC pilots for nations like Bhutan and the Republic of Palau.  “Ripple has several pilots in progress for CBDCs, including the Royal Monetary Authority (RMA) of Bhutan and the Republic of Palau,” Welfare said in a recent interview.  It is worth noting that the Leading Silicon Valley tech firm, Ripple, is a global payment provider, and has extended its payment solutions across various borders. Read Also: Vasil Node Candidate, Version 1.35.3 Nowe Produces 94% Of The Block And Four Different Exchanges Disclosed Their Readiness For Vasil Several Entities Have Partnered Chosen Ripple For CBDC Recall, that Ripple has recently colla...
Attorney John Deaton Unveils How Bill Hinman Received A Sum Of 9 Million To Make A Controversial Ethereum Free Pass Statement
Ripple News

Attorney John Deaton Unveils How Bill Hinman Received A Sum Of 9 Million To Make A Controversial Ethereum Free Pass Statement

Attorney John Deaton, the one representing over 72k XRP holders and the amici status in a case between Ripple and SEC has given further information about, Bill Hinman, a prominent SEC official’s hold of interest in the ongoing rigorous oversight of cryptocurrency. As stated by Amici’s attorney, John Deaton, Hinman received a share of 9 million from Simpson Thacher, a partner of Enterprise Ethereum Alliance (EEA) despite being the head of SEC’s corporate Finance. John Deaton shared some documents unveiling how much Bill Hinman received as shares between 2017 and 2018, the time when he made a controversial Ethereum free pass statement. Read Also: IOG In Collaboration With IOG Founder Announce The Date For Vasil's Deployment Of Mainnet To Be September 22nd, 2022 According to the ...