Payment company Ripple continues to score victories worldwide and expand its services. The Brad Garlinghouse-led company celebrated two major milestones yesterday, one within its borders, the United States, and the second in Asia. Ripple Takes Over Asia According to an official announcement, the payment company received authorization from the Monetary Authority of Singapore (MAS) to
XRP
The Open Network (TON), a decentralized blockchain platform originally designed by Telegram, has secured major funding from the venture arm of the cryptocurrency exchange MEXC. TON has raised an eight-figure investment from MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, the firm announced on Oct. 4. In conjunction with funding, MEXC and the
A Harvard Business School case study titled “Ripple: The Business of Crypto Case – An Analysis and Solution” that could be used in Ripple’s IPO valuation is presently sending waves across the cryptocurrency world and has caught the attention of the XRP community. Harvard’s Business School Case Study And Ripple IPO Valuation The case study
Pro-XRP legal expert John Deaton has again come for the US Securities and Commission’s (SEC) Chairman Gary Gensler in its battle against Ripple. This time, he questions Gensler’s competence and calls for his dismissal from the Commission. Gensler Doesn’t Know What Security Means In a tweet shared on his X (formerly Twitter) platform, Deaton stated that
Following Judge Analisa Torres’s ruling that programmatic XRP sales did not qualify as securities, the SEC filed an interlocutory appeal with the court. This meant that the US Securities and Exchange Commission (SEC) did not agree with the ruling, and while the interlocutory appeal has been approved by the court, pro-XRP lawyer John Deaton has
In a significant announcement, the National Bank of Georgia (NBG) has shortlisted Ripple Labs alongside eight other firms as potential technology partners for its Central Bank Digital Currency (CBDC) pilot project titled “Digital GEL.” Ripple Is In The Shortlist Of Nine In an official press release dated September 28, 2023, the NBG disclosed its intent
In a surprising turn of events, Ripple CEO Brad Garlinghouse announced that the company has decided to abandon its direct acquisition of financial institution Fortress Trust. The decision marks a significant departure from Ripple’s earlier intention to acquire the firm, as they had signed a letter of intent just a few weeks ago. However, Garlinghouse
Ripple Labs, a prominent blockchain technology firm, has recently appointed Lauren Belive, a former US White House staff member, as Head of US Public Policy and Government. This appointment comes at a crucial juncture as Ripple executives have publicly voiced their concerns and criticisms regarding the US government’s recent position on cryptocurrencies. In response, Ripple
Global businesses are confronting significant headwinds as cross-border payment volumes have rebounded to pre-pandemic levels while grappling with the looming challenges of escalating interest rates. Amidst these complexities, Ripple Labs’ latest insights into the shifting economic landscape reveal their crypto-enabled payment solutions as a countermeasure. Major Pain Points In The Economic Landscape In their recent
In what could be described as a relentless pursuit for granular transparency regarding the Securities and Exchange Commission’s (SEC) prior actions vis-à-vis cryptocurrencies and Ripple, Empower Oversight Whistleblowers & Research—a rigorous watchdog entity—has spearheaded another incisive Freedom of Information Act (FOIA) endeavor. This stratagem is centered on elucidating the inter-communications of Jay Clayton, erstwhile SEC
Ripple’s CEO, Brad Garlinghouse, has secured the services of a renowned attorney as the legal battle involving him and his crypto firm against the US Securities and Exchange Commission (SEC) continues to heat up. Who Is Garlinghouse’s New Attorney? In a tweet shared on his X (formerly Twitter) platform, defense attorney James Filan revealed that
Bitcoin’s (BTC) weakness on Sep. 24 shows that the bears remain in control. Sellers are trying to pull the price below $26,000 but the bulls are likely to defend the level with vigor. Buyers are trying to achieve a positive monthly close for Bitcoin in September for the first time since 2016. If they can
In the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC), John Deaton, a prominent lawyer supporting XRP, has recently shed light on potential conflicts of interest and regulatory capture that may have influenced the SEC’s decision to take legal action against Ripple. Ethereum is at the epicenter of these allegations.
Bitcoin (BTC) has been trading in a tight range for the past three days even as the S&P 500 fell for the last four days of the week. This is a positive sign as it shows that cryptocurrency traders are not panicking and rushing to the exit. Bitcoin’s supply seems to be gradually shifting to
The Federal Reserve did not hike interest rates in its meeting on Sep. 20 but hinted that rates could remain higher for longer. At the post-meeting press conference, Fed Chair Jerome Powell cautioned that “the process of getting inflation sustainably down to 2% has a long way to go.” This possible scenario may have triggered
In a recent development, pro-XRP legal experts Bill Morgan and John Deaton have taken a swipe at the US Securities and Exchange Commission’s (SEC) Chair Gary Gensler following his recent comments, which show his stance on the Ripple Case. Ripple Case: Gensler a “Megalomaniac” In a tweet shared on his X (formerly Twitter) platform, Deaton
Marieke Flament, CEO of Near Foundation, the developer of the namesake community layer-one protocol, has resigned. According to the September 21 announcement, Chris Donovan, Near Foundation’s general counsel, will replace Flament as the new CEO following the resignation. Flament gave no specific reason for her departure. Speaking on her tenure, Flament said: “Two years ago,
Ethereum layer-2 scaling solution Optimism has disclosed plans to sell 116 million OP tokens to seven private buyers for treasury management purposes. At current prices, the sale will see $159 million worth of OP tokens change hands. Starting today, there will be several transactions totaling approximately 116M OP tokens. We’re sharing as a heads up
Bitcoin’s (BTC) recovery is facing selling above $27,000, indicating near-term nervousness due to the Federal Reserve’s meeting on Sep. 20. However, long-term investors are unfazed and they have continued to accumulate. Glassnode data shows that Bitcoin’s inactive supply has been at all-time highs since July. This bullish temperament is not reflected in institutional activity, however.
In a series of tweets that have captured the attention of the crypto community, John E Deaton, a lawyer known for his pro-XRP stance, alluded to the existence of damning information about ETH Gate that could be disclosed soon. His comments come in the wake of tweets from Steven Nerayoff, an early adviser to the
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