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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...

SBI to offer benefits in XRP

SBI Holdings Offers Year-End Benefits in XRP

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Japanese financial services company SBI Group issued a paper to inform about a new decision of providing shareholders year-end benefit in the XRP cryptocurrency. In the notice, the firm expresses its gratitude to stockholders for their continued support and business strategy understanding....

Ripple business in Wyoming

Ripple Listed as a Wyoming Entity

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Ripple Labs, the enterprise that created the XRP crypto asset filed a new market unit in Wyoming. The state is known for its friendly approach towards the crypto industry. Caitlin Long, creator, and Chief Executive Officer of Avanti Financial Group disclosed the news on Twitter....

SBI Holdings Launches XRP lending

SBI Holdings Announced Launching XRP Lending

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Tokyo-based financial company SBI Holdings, which is also an old partner of Ripple, announced XRP lending service. The service would be launched by SBI VC Trade, the group's subsidiary. Using it, XRP holders will be able to receive interest by making deposits. The amount can vary between 1,000 to...

XRP

XRP futures market went through a cascade of liquidations

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Since January 30, when the Ripple token rate began an upward movement to levels above $ 0.7, the total volume of liquidations of long and short positions in the XRP futures market exceeded $ 1.6 billion. Over the past day, as a result of the growth and subsequent collapse of XRP, positions for $...

Kraken halts XRP

Kraken Exchange Suspends XRP for US Users

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On January 15, cryptocurrency exchange Kraken announced suspending the XRP token trading for users from the US. The termination will enter into force on January 30, at 1 a.m. UTS. The decision doesn't concern customers from other countries. The company mentioned the reason for the suspension to be...