RIPPLE
Ripple
Ripple, first released in 2012, is for moving money to all corners of the world instantly, easily, efficiently and cost-effectively. Ripple was considered a replacement of traditional SWIFT for cross-border payment and settlement. Ripple uses RippleNet for global payment and its token XRP functions as a bridge for fiat money exchanges. CEO of Ripple is Brad Garlinghouse.
Ripple, first released in 2012, is for moving money to all corners of the world instantly, easily, efficiently and cost-effectively. Ripple was considered a replacement of traditional SWIFT for cross-border payment and settlement. Ripple uses RippleNet for global payment and its token XRP functions as a bridge for fiat money exchanges. CEO of Ripple is Brad Garlinghouse.
Ripple Launches Liquidity Hub to Bridge Crypto and Fiat
Ripple has launched a liquidity solution for businesses to access digital assets, including BTC, ETH, ETC, BCH, and LTC, through various market makers. The Ripple liquidity hub aims to bridge the gap between crypto and fiat, and reduce the cost of operations on high-volume transactions. Notably, XRP is not mentioned in the product launch, which could be attributed to Ripple's ongoing court battle with the SEC.
XRP Not a Security According to Hogan
Jeremy Hogan, partner at Hogan & Hogan, argues that Ripple’s XRP does not fit the definition of an investment contract and is therefore not a security. The SEC lawsuit against Ripple claims that the company illegally sold XRP as an unregistered security, but Hogan argues that the SEC has not demonstrated an implied or explicit investment contract.
Ripple CEO Warns SEC's "Enforcement" Approach May Hurt US Crypto Industry
Ripple CEO, Brad Garlinghouse, has suggested that the US Securities and Exchange Commission's (SEC) approach to regulation is putting the US at risk of missing out on being an attractive hub for the next evolution of blockchain and crypto innovation. Garlinghouse noted that the SEC's case against Ripple is the SEC simply playing "offense" and "attacking" the industry as a whole. He added that the crypto industry has "already started moving outside" of the US given its crypto regulation process is "behind" other countries such as Australia, UK, Japan, Singapore, and Switzerland.
SEC Loses Appeal in LBRY Vs. SEC
The crypto community hailed the LBRY ruling that LBC tokens sold on the secondary market are not securities.
Monica Long Named New President of Ripple
Ripple, a blockchain-based worldwide payments processor, elected Monica Long its new president amid unprecedented growth.
XRP staking scam
A phoney staking scheme is targeting XRP investors. XRP staking websites and emails have been faked. The swindle promises 12%–27% profits.
Ripple CEO Hopeful About US Crypto Regulatory Clarity
In a Twitter discussion, Ripple CEO Brad Garlinghouse expressed cautious optimism regarding US cryptocurrency regulation certainty in 2023. Ripple was sued by the SEC for selling unregistered XRP. Ripple refuted the charges, saying XRP is a money, not a security. The lawsuit has no end date.
Ripple considers FTX trades Garlinghouse
Ripple CEO Brad Garlinghouse is reportedly interested in buying certain parts of collapsed crypto exchange FTX. Former FTX CEO Sam Bankman-Fried called him two days before the company filed for bankruptcy as he sought to round up investors to rescue the business. Approximately 130 companies affiliated with FTX, including FTXUS, were included in the bankruptcy filing in Delaware.
Ripple Lawyers Merge the Last Piece with Legal Puzzle
Ripple’s attorneys have pooled the affidavits of many XRP coin holders. Per the update shared, the testimonies from these XRP investors will show the court two major things.
Ripple Rolls Out On-Demand Liquidity Solutions in Sweden and France
To render seamless and real-time cross-border payments, Ripple, a leader in blockchain and crypto enterprise solutions, has established On-Demand Liquidity (ODL) solutions in France and Sweden.