SEC-Ripple case deadline pushed back by Judge – What it means
A recent move by Judge Analisa Torres has thrown a spotlight on the ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple Labs. To the surprise of many, the judge has given the nod to the SEC’s plea for more time to file critical documents in their case against Ripple. This decision […]
Ripple’s CTO calls for consensus on XRPL update before deadline
XRP Ledger (XRPL) community, Ripple’s Chief Technology Officer, David Schwartz, has issued a call to action for validators and node operators to upgrade to the newly released version 2.1.0 of the ledger’s reference server software, rippled. The update, which encompasses a range of amendments, bug fixes, and build improvements, aims to enhance the security, efficiency, […]
Ripple enhances XRP stability, locks 800 million
According to data from Whale Alert, Ripple, the renowned cryptocurrency payments firm, has secured 800 million XRP in its escrow accounts as of March 1. This move comes after the company only unlocked 500 million XRP at the start of the month, marking a significant shift from its regular escrow operations. The transactions were executed […]
XRP buyback proposal sparks feud between Terrett and Vallee
A recent dispute has emerged between Fox Business journalist Eleanor Terrett and Jimmy Vallee, Managing Director of Valhil Capital, over a contentious XRP buyback proposal that was initially put forward two years ago. The proposal, which suggested that the Federal Reserve could buy back XRP at an unprecedented rate of $37,500 per token, has reignited […]
Ripple and Zoniqx team up for XRPL multi-asset tokenization
RippleX, the development branch of Ripple, has formed a strategic partnership with Zoniqx, a Silicon Valley-based tokenization firm. This collaboration aims to bring multi-asset tokenization to the XRP Ledger (XRPL), marking a pivotal step towards transforming the XRPL into a hub for real-world asset (RWA) tokenization. The announcement was made public through a press release […]
Ripple CTO doubts AMMs will stabilize XRP prices soon
David Schwartz, the Chief Technology Officer of Ripple, expressed skepticism regarding the potential of Automated Market Makers (AMMs) on the XRP Ledger (XRPL) to significantly mitigate the volatility of XRP prices in the short term. Despite the theoretical benefits of AMMs, such as volatility harvesting and the provision of additional liquidity, Schwartz believes that their […]
SEC targets Ripple for $2.6 billion fine in landmark case
The U.S. Securities and Exchange Commission (SEC) is pursuing a case against Ripple Labs Inc., alleging that the company violated securities laws by selling XRP as an unregistered security. This legal battle, highlighted by prominent XRP community member Ashley Prosper on the social media platform X (formerly Twitter), underscores the SEC’s strategy to potentially secure […]
Ripple Surprises with Unforeseen 400 Million XRP Release
Ripple, the esteemed San Francisco-based blockchain company renowned for its innovations in the digital asset space, recently made waves within the XRP community with an unprecedented move. In a surprising twist, XRP opted for an unscheduled release of a staggering 400 million XRP tokens, equivalent to an estimated $217 million in value. This departure from […]
Ripple CTO unveils origins of XRP currency code naming
In a recent commentary shared with the cryptocurrency community on Reddit, David Schwartz, the Chief Technology Officer at Ripple and one of the key architects behind the XRP Ledger, provided an insightful explanation of the naming convention of the ledger’s native currency, XRP. This elucidation came to light following a highlight by Edward Farina, Head […]
SEC and Ripple lock horns amid draft remedy briefs
The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the company behind the cryptocurrency XRP, has intensified as both parties proceed with drafting remedy-related briefs. This ongoing dispute stems from the SEC’s allegations that Ripple’s XRP token sales constituted unregistered securities offerings, violating federal securities laws. Recent developments following Judge […]
Ripple CEO Brad Garlinghouse comments on prospects of XRP ETF
In a recent interview with Bloomberg on February 20, Ripple CEO Brad Garlinghouse addressed the growing speculation surrounding the potential launch of an XRP exchange-traded fund (ETF). With the recent approval of the first cryptocurrency spot ETFs for Bitcoin, Garlinghouse expressed optimism about the possibility of similar products for XRP. Garlinghouse foresees expansion of the […]
Cardano founder Charles Hoskinson blasts XRP community amid SEC drama
In a recent Ask Me Anything (AMA) session, Charles Hoskinson, the founder of Cardano, addressed the ongoing hostility between himself and members of the XRP community. Hoskinson’s comments come amidst legal scrutiny involving Ripple, the company behind XRP, and allegations against Ethereum officials. The Cardano leader criticized XRP community members for perpetuating what he describes […]
Ripple CTO David Schwartz unveils method to burn 40.7 billion XRP in escrow
In a recent statement, Ripple’s Chief Technology Officer, David Schwartz, explained the potential burning of over 40.7 billion XRP currently held in escrow accounts. This move comes as a response to the growing inquiries and concerns from the XRP community regarding the management and influence of Ripple over the cryptocurrency’s market dynamics. Schwartz’s clarification sheds […]
Ripple executive highlights success beyond XRP price
In a recent podcast, Eric van Miltenburg, Senior Vice President for Strategic Initiative at Ripple, made it clear that the company’s measure of success transcends the price fluctuations of XRP. Amidst the volatile nature of the cryptocurrency market, Ripple maintains a steadfast focus on its core mission of revolutionizing cross-border payments, rather than getting swayed […]
Ripple CTO addresses allegations of XRP price manipulation
Ripple’s Chief Technology Officer (CTO), David Schwartz, has categorically denied allegations that the company has been manipulating the price of its digital currency, XRP, through programmatic sales. This statement comes in response to ongoing speculation and accusations from various quarters of the crypto community. Clarification on programmatic sales and market impact Schwartz emphasized that Ripple’s […]
Ex-Ripple leader now CEO of crystal blockchain firm
Crystal Blockchain, a leading provider of transaction tracking software for the crypto industry, has announced the appointment of Navin Gupta, a former Ripple executive, as its new Chief Executive Officer (CEO). This transition sees Marina Khaustova, the company’s guiding force for the past five years, stepping into the Chief Operating Officer (COO) role. Gupta’s Ripple […]
Ripple faces deadline to produce key documents in SEC clash
The legal confrontation between Ripple and the Securities and Exchange Commission (SEC) is poised to reach a crucial juncture as the discovery deadline looms on February 20. This deadline holds significant importance as Ripple is mandated to furnish the SEC with essential documents pertinent to the case, signaling a pivotal phase in the protracted legal […]
John Deaton stresses ethical standards amid SEC scrutiny
The United States Securities and Exchange Commission (SEC) is nearing the conclusion of its investigation into a financial conflict of interest allegedly involving William Hinman, a former high-ranking official at the agency. The investigation, initiated by the SEC’s Office of Inspector General (OIG), has garnered significant attention due to its implications for cryptocurrency regulation and […]
Ripple’s XRP gains stablecoin status from World Bank
The World Bank has officially recognized Ripple’s native cryptocurrency, XRP, as a stablecoin. This classification marks a significant milestone for Ripple and its digital asset, underscoring its growing acceptance and utility in the global financial landscape. The discussion around this development was sparked by a tweet from a well-known Ripple supporter, leading to further insights […]
John Deaton eyes senate run against Elizabeth Warren
In a move that could significantly impact the political landscape of Massachusetts, John Deaton, a prominent attorney within the digital asset industry, is reportedly contemplating a run as a Republican candidate against incumbent Senator Elizabeth Warren. Known for his strong advocacy for cryptocurrencies and regulatory innovation, Deaton’s potential candidacy starkly contrasts Warren’s critical stance on […]
Ripple Labs vs. SEC: Speculation surrounding settlement dismissed amid legal proceedings
Amid ongoing legal battles between Ripple Labs and the US Securities and Exchange Commission (SEC), recent speculation regarding a potential settlement has been met with skepticism and outright dismissal by legal authorities closely monitoring the case. Speculation of settlement amid financial disclosure mandate Following a recent court ruling mandating Ripple to furnish comprehensive financial records […]
Ripple announces acquisition of standard custody and trust company
Ripple, a prominent player in the digital asset space, has revealed plans to acquire Standard Custody and Trust Company, a New York-based digital asset platform. The acquisition, subject to regulatory approval, marks a significant move for Ripple to strengthen its regulatory license portfolio and expand its offerings in the blockchain-based financial services sector. Expanding regulatory […]
Ripple adjusts institutional XRP sales before court ruling
Ripple, the blockchain-based digital payment network, has unveiled significant changes to its XRP sales strategy in its latest quarterly market report for Q4 2023, released on February 7. The report highlights key developments in the XRP market, including a notable shift in how Ripple conducts sales to institutional buyers, a move initiated before a crucial […]
Kraken advises XRP users of the financial upsides of the Zakinov suit
Kraken, a leading U.S.-based cryptocurrency exchange, has taken a firm stance in the ongoing legal discourse surrounding the classification of XRP. Amidst legal demands for disclosing private XRP transaction data, including customer identities, Kraken has filed a motion to protect its clients’ sensitive information. This action highlights the exchange’s dedication to safeguarding user trust, even […]
Ripple Lawyer Stuart Alderoty exposes SEC and Yellen’s crypto regulatory clash
Stuart Alderoty, a senior legal figure at Ripple, has brought to light the contrasting views of the Securities and Exchange Commission (SEC) and Treasury Secretary Janet Yellen on regulating the cryptocurrency market. Through a series of tweets, Stuart Alderoty pointed out the SEC’s characterization of the cryptocurrency market as a minor component of the global […]
Hacken uncovers links in Ripple chairman’s $112.5M XRP hack
In a recent development that has sent ripples through the cryptocurrency community, Hacken, a blockchain analytics platform, has reported a significant security breach involving Chris Larsen, the co-founder and chairman of Ripple. On January 31, Larsen disclosed that his wallets were compromised, leading to a loss of 213 million XRP, valued at approximately $112.5 million […]
Ripple seeks more time for remedies discovery after SEC win
In a recent legal maneuver, Ripple Labs has filed a motion with the U.S. District Court of the Southern District of New York to extend the remedies discovery deadline by one week. This request comes after a decision favoring the U.S. Securities and Exchange Commission (SEC) in its ongoing litigation. The extension sought by Ripple […]
Ripple’s CTO discusses plans for diversification amidst cryptocurrency evolution
Ripple’s Chief Technology Officer (CTO), David Schwartz, recently shared insights into the company’s plans to expand its focus beyond payments within the rapidly evolving cryptocurrency industry. Despite Ripple’s dedication to promoting the use of digital assets in payments since 2015, widespread adoption has remained elusive. Schwartz expressed bewilderment over the underutilization of digital assets in […]
Ripple to expand payment services in the United States
Ripple, a leading player in real-time gross settlement systems, has unveiled its ambitious plans to extend its Ripple Payments services within the United States. The announcement was made by Senior Director W. Oliver Segovia, highlighting Ripple’s intention to leverage its global standing and expertise in blockchain technology and payments to enhance services in the U.S. […]
Ripple CTO David Schwartz shares 2024 crypto sector vision
In a recent interview with Tony Edward of the Thinking Crypto Podcast, David Schwartz, the Chief Technology Officer of Ripple, shared his perspectives on the future of cryptocurrency in 2024. Schwartz outlined four key areas he eagerly anticipates developments in, including regulatory clarity, resolution of Ripple’s legal battle with the SEC, advancements in blockchain scalability, […]
Crypto weekend watch – Bitcoin surges past $43,000
Crypto enthusiasts and investors are closely monitoring the weekend developments as Bitcoin experiences a significant surge, reclaiming a value above $43,000. The recent market dynamics showcase Bitcoin’s resilience after a recent dip to $38,500, marking a local bottom. In the last 24 hours, Bitcoin skyrocketed by 2%, demonstrating its ability to recover swiftly. This surge […]
Ripple Navigates Change as Navin Gupta Steps Down Amidst SEC Legal Battle
Navin Gupta, the esteemed Managing Director for South Asia and MENA at Ripple, announced his departure from the company on January 31. The unexpected exit comes at an important moment, as Ripple stands on the precipice of its intense legal confrontation with the U.S. Securities and Exchange Commission (SEC), a battle that has been brewing […]
Ripple CEO denies wallet compromise amid security rumors
In a recent statement on X, Ripple CEO Brad Garlinghouse addressed what he called “irresponsible speculation and reporting” surrounding the security of wallets managed by Ripple. Garlinghouse firmly stated, “NO Ripple-managed wallets were compromised. Full stop.” This clarification comes from a security breach involving Ripple co-founder Chris Larsen’s personal XRP accounts, leading to significant cryptocurrency […]
Coinbase and Ripple fuel PAC for crypto-friendly US policy
In a significant move ahead of the U.S. elections, major players within the cryptocurrency industry, including Coinbase, Andreessen Horowitz (a16z), Electric Capital, and Ripple, have collectively funneled tens of millions of dollars into the Fairshake political action committee (PAC). Their collective goal is to support candidates favorable towards the crypto sector, aiming to influence U.S. […]
Ripple’s SEC battle gains edge with Revak case reference
In the ongoing legal tussle between the Securities and Exchange Commission (SEC) and prominent cryptocurrency entities like Ripple Labs and Coinbase, recent developments have shed light on significant legal interpretations that could influence the outcome of these cases. A key aspect of this legal dialogue is the relevance of a historical case, Revak v. SEC […]
XRP Ledger sees record growth with over 5 million wallets
In a recent development that marks a significant milestone in cryptocurrency, XRP Ledger has recorded an unprecedented increase in small XRP wallets. This growth indicates a heightened interest in XRP, the sixth-largest cryptocurrency by market capitalization. Unprecedented growth in XRP Ledger According to a report by Santiment, a leading on-chain data aggregator, the XRP Ledger […]
Ripple CTO David Schwartz discusses legal wins and market shifts
In a recent interview with Thinking Crypto, Ripple’s Chief Technology Officer David Schwartz discussed the company’s strides in cryptocurrency regulation and legal challenges. His insights painted a picture of resilience and progress for Ripple, especially in the context of the ongoing SEC lawsuit and the evolving regulatory environment. Regulatory environment and ETF approvals Schwartz emphasized […]
XRP greenlist removal leads to FOIA request by legal expert
Attorney James Murphy, known for his expertise in the legal aspects of the digital currency world, has filed a Freedom of Information Act (FOIA) request with the New York Department of Financial Services (NYDFS). This move comes in response to the NYDFS’s unexpected decision to delist XRP from its approved tokens list, commonly called the […]
Ripple targets $10 trillion market with Metaco and HSBC deal
Ripple’s Chief Technology Officer, David Schwartz, has shed light on the company’s ambitious foray into the crypto custody market, which is projected to be worth $10 trillion by 2030. This revelation came during Schwartz’s interview on the Thinking Crypto Podcast, where he discussed Ripple’s recent acquisition of Metaco and its partnership with the global banking […]
Ripple Labs Inc. files sur-reply in ongoing XRP lawsuit
Ripple Labs Inc. has taken a significant legal step in the lawsuit against the U.S. Securities and Exchange Commission (SEC) by submitting a motion to file a sur-reply. The motion addresses what Ripple terms as “significant factual mischaracterizations” presented by the SEC. The legal maneuver, presented before Judge Sarah Netburn of the Southern District of […]
