In a surprising twist, the US Securities and Exchange Commission (SEC) has dismissed its case against Ripple executives Brad Garlinghouse and Chris Larsen. The dismissal agreement, reached by both parties, means that the scheduled trial for April next year will no longer proceed. However, it is important to note that while the charges against Garlinghouse
XRP
In a notable turn of events, Ripple announced that CEO Brad Garlinghouse and Executive Chairman Chris Larsen were cleared of all allegations lodged against them by the US Securities and Exchange Commission (SEC). The SEC has decided to dismiss the charges with prejudice, signaling a significant setback for the government agency. This dismissal marks the
On October 19, the US Securities and Exchange Commission (SEC) dismissed all its claims against Ripple’s CEO, Brad Garlinghouse, and Co-founder, Chris Larsen. Following this, Larsen called out the financial regulator, stating why it had to be held accountable for its actions. Larsen Calls SEC A Rogue Administrative State In a post shared on his
Blockchain company LBRY Inc. — the creators of the LBRY blockchain — has issued its final message to the crypto, citing “several million dollars” of debts that have now made it impossible for the firm to continue. “This will be our last post,” said the LBRY Inc. team in an Oct. 20 statement on Odysee,
In an effort to advance the growth and adoption of the XRP Ledger (XRPL), Ripple Labs Inc. has partnered with Frankfurt-based Tokentus Investment AG, an investment company specializing in the blockchain sector. As part of Ripple’s XRPL Accelerator Program, the German investment firm will support emerging start-ups by offering mentorship and guidance. The XRPL Accelerator
Sui’s native SUI token has struggled to regain ground after plunging more than 9% amid allegations from South Korean regulators, which have accused the Sui Foundation of manipulating the supply of the token for its own gain. SUI token gained a little under 1% in the last 24 hours after falling from $0.41 on Oct.
After surging above the $0.51 mark on Monday, the XRP price has been on a decline once more. This has seen the asset drop back below $0.49 as obvious selling pressure continues to mount on the altcoin. The major focus of holders has been on where this sell pressure is coming from and a number
Ethereum restaking — proposed by middleware protocol EigenLayer — is a controversial innovation over the past year that has some of the brightest minds worried about the potential ramifications. Restaking involves reusing staked or locked-up Ether tokens to earn fees and rewards. The restaked tokens can then help secure and validate other protocols. Proponents believe
Reddit has said it will soon shutter its long-running, blockchain-based rewards service “Community Points,” citing scalability concerns. In an official Oct. 17 announcement in the r/cryptocurrency subreddit, a Reddit team member said while the platform saw “some future opportunities for Community Points, there was no path to scale it broadly across the platform.” The Community
Ripple Labs has once again piqued the interest of the XRP community. The company’s official website might reveal an important strategic direction. The XRP army’s fervor was sparked by the discovery of a job posting for a “Shareholder Communications Senior Manager.” This position, many in the community argue, suggests that Ripple could be gearing up
The competition between Ripple and Ethereum has been a long-running one given the capabilities of both networks. This was further exacerbated by the fact that the US Securities and Exchange Commission (SEC) chose to bring a lawsuit against Ripple over XRP being allegedly a security but the same was not done about Ethereum’s ETH token.
One of the developers working on “BitVM” — a Bitcoin-based virtual machine — reiterates the tech is intended to scale Bitcoin rather than launching Ethereum-like decentralized finance applications on the network. BitVM’s whitepaper was released by ZeroSync’s project lead Robin Linus on Oct. 10 with technical support provided by pseudonymous developer “Super Testnet” — implementing
Judge Analisa Torres’ ruling in favor of Ripple against the US Securities and Exchange Commission (SEC) has had several impacts on XRP by extension. Highlighting one of them, Ripple’s Chief Legal Officer (CLO) Stuart Alderoty mentioned how the token stands out in the US because of the court’s decision. XRP’s Unique Status Following Court’s Ruling
In a world increasingly anxious about privacy and exploitation of one’s personal data by governments, corporations, social media platforms and banks, zero-knowledge proofs may offer some relief. Indeed, this emerging cryptographic protocol could partially remedy two rapidly growing global deficits: privacy and truth. ZK-proofs have already found a home within the cryptocurrency and blockchain sector
Renowned pro-XRP lawyer, Jeremy Hogan, who has been at the forefront of providing insights into the Ripple vs. US Securities and Exchange Commission (SEC) case over the last years, recently shared a detailed breakdown of possible outcomes in the ongoing legal battle. In his most recent tweet, Hogan, known for his in-depth YouTube video updates,
Christina Campbell, Ripple’s Chief Financial Officer (CFO), has made a surprising exit from the cryptocurrency payments platform to assume a related role at Maven Medical Institution, a digital healthcare provider. Ripple CFO Abruptly Resigns From Company According to Campbell’s LinkedIn profile, her tenure at Ripple concluded in October after over two years with the company.
In a recent interview, Paul Zalai, Director of the Australian Freight & Trade Alliance (FTA), hinted at a potential collaboration with Ripple, the San Francisco-based fintech firm known for its blockchain-based payment solutions. FTA Director Teases Ripple Partnership Speaking with La Chang of YouTube channel TGL (Think Global Logistics), Zalai revealed that he doesn’t understand
On October 3, Judge Analisa Torres denied the US Securities and Commission’s (SEC) motion for an interlocutory appeal in its ongoing legal battle against Ripple. As part of her order, she raised the possibility of a settlement between both parties before the case goes to trial on April 23, 2024. Ripple And SEC Could Settle
Ripple has clinched two prestigious awards at Juniper Research’s Future Digital Awards for Fintech & Payments 2023. Juniper Research revealed yesterday, on October 3, that the fintech company has been honored with the “Sustainability in Fintech Innovation of the Year” and the “CBDC Innovation” award. Ripple Impresses With Its CDBC Initiatives The “Sustainability in Fintech
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
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