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Binance-Peg XRP (XRP) News



Ripple SEC XRP

Judge Asks Whether All People Selling XRP Violated the Law

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John Deaton, the owner of the Deaton Law Firm, tweeted on the SEC against Ripple lawsuit, presenting records from the court. The case, started in December 2020, with the regulatory authority accusing Ripple Labs of the XRP token sale, saying it was unregistered security, takes new turns. During...

Ripple XRP crypto regulations vision

Ripple Released Its Approach to Crypto Regulation

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Blockchain-based payment protocol that developed the XRP coin, Ripple, published its vision of how the crypto industry must be regulated. The team sees the necessity to build a new regulatory system. In the release titled "A Real Approach to Cryptocurrency Regulation", the firm says the...

SEC vs Ripple judge decision

XRP Holders Can Take Part in the Suit as “Amici”

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The SEC against Ripple lawsuit continues. On October 4, U.S. District Judge Analisa Torres announced that XRP token holders can’t take part in the suit as defendants. At any rate, they can assist as amicus curiae, a friend of the court to provide their opinions on legal questions. Token owners...

Ripple XRP NFts

Ripple to Start $250 Million Fund for NFTs

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Ripple Labs, the blockchain company standing behind the development of XRP cryptocurrency, initiated a $250 M fund to encourage creators of NFTs. The firm said on Sept. 29, that Creator Fund will encourage NFT originators by supporting financially, technically and promotions. Digital artists and...

XRP Ripple

XRP Price Surges While the SEC vs Ripple Case Continues

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In the last 24 hours, the price of XRP went up by around 5%, reaching $1.32. The surge happens, while the SEC vs Ripple case continues. The latest update of the lawsuit is that US magistrate judge Sarah Netburn ordered Ripple to handle 1 million missing Slack messages among employees that the...

Ripple ODL Japan

Ripple Announced On-Demand Liquidity in Japan. XRP Surges

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On July 27, payments network Ripple standing behind the development of the cryptocurrency XRP revealed cooperation with Japan's leading money transfer operator SBI and its subsidiary SBI VC Trade to carry out currency exchanges from Japan to the Philippines. Ripple will set an On-Demand Liquidity...

SEC vs Ripple deposition

Ripple Wants Former SEC Executive to Testify on XRP

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The US SEC vs Ripple Labs case is going on. According to the document published on July 9 by Magistrate Judge Hon. Sarah Netburn, the deposition of the US SEC former executive William Hinman will take place on July 19. Ripple insists on getting the SEC’s explanation of why the regulatory views...

Ripple CTO

Ripple CTO offered to launch a sidechain based on XRP

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Ripple CTO David Schwartz has posted a proposal to launch federated sidechains powered by XRP Ledger. The solution will allow you to connect smart contracts and create decentralized applications using the native network token. According to Schwartz, smart contracts are one of the most requested...

SEC vs Ripple decision May

The SEC's Request to Access Ripple's Legal Concerns Refused

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SEC vs Ripple lawsuit is in the process. On May 30, another decision on the case was published, where the US Magistrate Judge Sarah Netburn announced denying the SEC's request to access Ripple Lab's legal counsel records. The government agency found the step would bring more clarification. Per the...

Ripple SEC

Ripple's Going Public After the SEC's Lawsuit, the CEO Says

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In a recent meeting, Ripple CEO Brad Garlinghouse stated the firm aims to go public when the SEC's lawsuit will be over. The legal actions started in December 2020, when the SEC started a $1.3 billion lawsuit against Ripple claiming XRP, the cryptocurrency developed by the company is security. The...

XRP sales increased

XRP Sales Grew by 97% in the Q1

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Ripple Lab's native cryptocurrency XRP has seen a 97% sales growth in the first quarter of this year. On May 6, Ripple released the company's market report for Q1 which shows that the entire sales net of the token's trades reached $150.34 M compared to the Q4 2020 when it was $76.27 M. XRP's sales...

SEC

SEC threatens lawsuits for XRP token holders

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If holders of the altcoin XRP interfere with the process against Ripple, then the Securities and Exchange Commission (SEC) can sue them. This is stated in the appeal of the regulator to the US judicial authorities. Recall that at the end of last year, the SEC initiated a lawsuit against Ripple,...

XRP

CoinShares launches physically backed ETP in XRP

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CoinShares has announced the launch of an ETP powered by Ripple's XRP token. Each CoinShares Physical XRP share is physically backed by 40 XRP. Initially, the ETP under the ticker XRPL will be traded on the SIX Swiss Exchange, Switzerland's largest stock exchange, and will have a base commission of...

SEC vs Ripple financial records

Judge Decided Ripple CEO's Financial Records Won't go Public

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On Friday, the court disallowed the SEC's request to publish financial statements of Ripple's execs stating it is not assured that the data would indicate wrongdoings. In March the US SEC submitted the petition for eight years of financial history from CEO Brad Garlinghouse and co-founder Chris...

Ripple discovery motion

Ripple Gets Access to SEC's Docs on Crypto Security Clarity

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According to the judge's decision announced on April 6, Ripple wins a discovery motion to access the SEC's inward papers related to crypto assets and in what case they are considered securities. The technology company together with the CEO Brad Garlinghouse and Executive Chairman Chris Larsen made...

XRP above $1

XRP Price Hits $1, The Token Ranks 4th By Market Cap

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The native token of Ripple, XRP has reached a three-year high of $1.10. At the moment the cryptocurrency trades at around $1.03 ranking fourth with a market cap of over $46.6 B. It's the first time since February 2018 that XRP crossed the $1 mark. Yesterday, April 5, the token broke its highest...

XRP goes up

XRP Surges, Breaking Its Highest Weekly Close Since May 2018

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Saturday, April 4, the price of XRP, the cryptocurrency created by Ripple Labs, reached $0.62. This is the first time since May 2018 that the token closes the week with a new high. At the moment XRP trades at above $0.7 ranking the 7th by market cap. This shows that now the token's price is more...

XRP holders as defendants

6000 Xrp Owners as Third Party Defendants During the Trial

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Holders of the XRP cryptocurrency want to take part in the lawsuit that the SEC started against Ripple. Particularly, on March 14 John Deaton of Deaton Law Firm issued a paper representing more than 6000 XRP holders who are willing to act as defendants. Managing partner of the FirmJohn Deaton owns...