Ripple (XRP) has signed a partnership deal with the National Bank of Australia (NAB) and the Canadian Imperial Bank of Commerce (CIBC) to provide cross-border payment solutions using the RippleNet solution. The NAB revealed in a recent announcement that many traditional financial institutions would start to use Ripple’s payment technology for cross-border settlements considering its […]
Ripple Labs has reached out to South Korea’s financial regulatory agency to create clearer regulations to appropriately distinguish cryptocurrency between utility tokens, payment tokens, and security tokens. The fintech company wrote a policy paper to the Korean authorities in partnership with Oxford Metrica and GBC Korea. In the document, the company noted that the Asian […]
The cryptocurrency community continues to watch in anticipation for the outcome of the ongoing lawsuit between Ripple (XRP) and the US Securities and Exchange Commission (SEC). However, the current proceedings suggest that the case could end in a settlement in Ripple’s favor. Fox Business’ Eleanor Terret recently revealed on Twitter that a source familiar with […]
Crypto analytics platform Whale Alert has reported two large Ripple (XRP) transactions involving 38.9 million tokens (worth $28.2 million at press time). The report showed that one of these transactions was carried out by Ripple itself and the other by the world’s largest crypto exchange by trading volume. Binance reportedly transferred 18,972,524 XRP (worth $13.7 […]
The drawn-out battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) has taken another interesting turn. Yesterday, the defendants filed its Sur-Reply on the financial watchdog’s motion to strike the Fair Notice Affirmative Defence. This move was taken to oppose “the SEC’s inappropriate request” for judicial notice and to tackle the […]
Cryptocurrency analytics platform Whale Alert recently revealed that San Francisco-based Ripple (XRP) has unlocked another robust batch of tokens after the tech decacorn company released 1 billion XRP into the circulating pool. Releases like this are programmed into the Ripple code and have occurred consistently on the first day of every month since 2017. On […]
Ripple (XRP) reported yesterday that it has initiated a buyback of the shares from its investors who funded its $200 million Series C investment round in December 2019. The cryptocurrency payment company revealed that the latest share purchase brings its valuation to $15 billion, a significant jump from the $9.8 billion valuation status it had […]
A slight frenzy erupted in the Ripple (XRP) community today as the payments company secured another small victory in the ongoing SEC vs. Ripple lawsuit, as the judge on the case ordered the Commission to release some privileged documents very critical to the case. Magistrate Judge Sarah Netburn recently ruled that the US Securities and […]
On-chain analytics provider Whale Alert recently revealed that Ripple (XRP) and Binance have carried out several XRP transactions worth over $170 million over the past few hours. The Ripple wallet moved 40 million coins (worth $33.2 million at press time), to one of its backup wallets named RL 18-VN. This backup wallet is the preferred […]
