Wednesday began on a quiet note for Ripple (XRP) as the cryptocurrency claws its way back above the $1.1500 level, following yesterday’s 5% dip. At press time, the sixth-largest cryptocurrency trades at $1.1560 (+1.81%). The correction in XRP came after a sharp rejection in Bitcoin from the $50,000 mark, which triggered a market-wide sell-off. Meanwhile, […]
In the ongoing Ripple vs. SEC legal battle, the SEC recently filed an opposition against Individual Defendants’ Motion challenging the SEC’s improper assertion of the Deliberative Process and other privileges (DPP). The Commission has asserted its position against the discovery of internal and inter-agency documents protected by DPP. The SEC urged the court not to […]
Ripple (XRP) continues to trade on a bullish sentiment amid an upbeat momentum across the broader market. At press time, XRP trades up at $0.8950 with an intraday gain of 3.5%. After a prolonged bearish period, the cryptocurrency market appears to have snapped out of the bearish trance, as investors troop back into the market […]
In the latest development in the Ripple vs. SEC lawsuit, Ripple lawyers allege that Binance has documents critical to the case. The legal representative of Ripple CEO Brad Garlinghouse has submitted a filing with the Southern District of New York, requesting documents from Binance Holdings Limited, a subsidiary of the Cayman Islands-based digital asset exchange. […]
Ripple (XRP) has announced the launch of its new On-Demand Liquidity (ODL) payment corridor between Japan and the Philippines. SBI Remit, Japanese finance group SBI’s remittance division, partnered with Philippines-based crypto exchange Coins.ph on this project. The ODL product uses XRP, a connectivity currency, to eliminate pre-tapping into the cryptocurrency’s liquidity. Through its implementation, remittances […]
Ripple Labs and the United States Securities and Exchange Commission (SEC) have reportedly come to an “understanding” on the Hinman deposition. Both parties have agreed to postpone the former SEC executive’s testimony after achieving “substantial progress in narrowing and resolving the privilege issues.” Previously, the court handling the Ripple vs. SEC case gave both parties […]
Many Ripple (XRP) enthusiasts are familiar with the monthly XRP escrow release. The XRP escrow got designed to integrate predictability and stability to XRP. Meanwhile, a part of this monthly supply gets directed to former Ripple executive Jed McCaleb. However, instead of holding his newly-minted coins, McCaleb eagerly dumps his holdings into the market. Recent […]
The legal case between Ripple (XRP) and the United States Securities and Exchange Commission (SEC) has lost its novelty to many members of the crypto community. There has been little to no new development from the ongoing case in the past few weeks. Yesterday, crypto analyst Martin Valk tweeted that the case had become “a […]
In its continued effort to grow in mainstream market adoption, Ripple (XRP) has announced the appointment of Sendi Young as the managing director of its European operations. Sendi brings over 15 years of experience in the fintech sector and global payments solution to “oversee strategy and champion the expansion of Ripple’s global financial network technology, […]
