The US Securities and Exchange Commission officially turned over Hinman's email messages and docs to Ripple. In December 2020, the regulator sued Ripple over the sale of XRP coins, saying the asset is considered as an unregulated security. During the trial, Ripple asked for docs where William...
Blockchain-based payment network Ripple is testing an option to allow the deployment of smart contracts for Ethereum on its XRP Ledger. On its developer platform, Ripple announced that the first stage of the EVM sidechain for XRPL is currently live. Now, developers can carry out tests before...
Ripple scored an essential victory in the case with the US Securities and Exchange Commission. According to judge Analisa Torres' decision revealed on Sept. 29, the financial regulator should present documents by Bill Hinman, former director of the SEC's Division of Corporation Finance. The judge...
Ripple's native token, XRP saw a price increase of around 60% in the last 7 days. Currently, the coin trades at about $0.5 with a market cap of over $25.8 bln. XRP is the 6th largest cryptocurrency at the moment. Replying to one of the members of the XRP community, Ripple CEO Brad Garlinghouse...
Amid the ongoing SEC vs Ripple case, both parties applied for a summary judgment to get a ruling whether XRP is a security and whether Ripple violated the law by selling coins. Filings were submitted in the U.S. District Court Southern District of New York. These types of applications are filed...
A Bitcoin transactions application based on XRP Ledger, SpendTheBits, is a competitor of Lightning Network. SpendTheBits allows spending and receiving Bitcoins instantly. Currently, the application is available in Canada, and it's expected to be launched in El Salvador soon. XRP is used to activate...
Ripple officially partners with the WEF, according to the website of the international NGO. Previously, the organization said Ripple provides the value of what the internet did for information. WEF finds that Ripple is committed to monetary parity and efficiency. Previously, Ripple Chief Executive...
Ethereum co-founder Vitalik Buterin replied to a tweet by Bankless founder David Hoffman about the new crypto regulatory changes in Canada. The rules define that investors are allowed to buy an unlimited amount of Bitcoin, Ether, Litecoin, and Bitcoin Cash. However, there is a $20,000 limit for...
Inc. 5000 magazine, which introduces the fastest growing companies in the United States, released its 2022 edition. Companies on the list are ranked according to percentage revenue growth from 2018 to 2021. To be on the list, companies must have been founded and generating revenue by March 31,...
Legal proceedings between the US Securities and Exchange Commission and Ripple continue. A few days ago, the agency submitted a motion to file Ripple's opposition brief under seal. District judge Analisa Torres, however, found sealing the brief fully isn't warranted. Ripple defense lawyer James...
Brad Garlinghouse, the CEO of the blockchain company Ripple said in a later interview with Bloomberg that the SEC vs Ripple case is going well, and it is playing out. He mentioned that other parts of the US government called XRP a digital asset native to Ripple's technology stack, property, or...
According to Ripple CEO Brad Garlinghouse, the Russian authorities will not be able to use digital currencies to circumvent financial sanctions. Talks about the use of such tools in states under sanctions pressure have been going on over the past few years. For example, Iran has repeatedly stated...
The SEC vs Ripple lawsuit moves forward. US district judge Analisa Torres responded shortly "denied" to the SEC's request to file a Sur Sur-Reply. The purpose of the request was to cite a prior Court ruling from a different circuit striking an entirely different defense. In legal terms,...
According to the judge's decision, Ripple unveiled legal advice documents that it had requested by law firm Perkins Coie LLP. Ripple former chief executive Chris Larsen applied to the law firm, which delivered two memos in February and October 2012. In February, Perkins Coie recommended Ripple...
Cryptocurrency company Ripple, which includes a payment system and many other platforms, recently shared its vision for the near future of the digital space. The company's management is confident that in 2022 the number of participants in the digital asset market will rapidly increase. In addition,...
According to a ruling by U.S. District Judge Analisa Torres, the advice Ripple got from a law firm in 2012 on whether XRP is a security or not, must be unveiled by February 17. The question plays an important role in the lawsuit, as the SEC accuses Ripple's executives of implementing an ulisted...
Ripple continues to grow with its valuation hit $15 billion after buying back its Series C shares from investors. The CEO of the company, Brad Garlinghouse announced that despite the ongoing case, Ripple’s financial position is the strongest ever. Excited to announce @Ripple bought back our...
As per a recent decision by the US Magistrate Judge Sarah Netburn, the SEC will disclose emails related to a speech, in which an ex-official William Hinman stated that Eth isn't a security in 2018. Then, he said that the cryptocurrency is decentralized enough. This speech plays a major role in the...