In a significant legal development within the ongoing bankruptcy case of defunct crypto exchange FTX, Ripple, the blockchain payment company, has emerged victorious with a claim on FTX assets. Notably, Ripple Singapore is the party making the claim against Alameda assets in the legal battle. Ripple Singapore Asserts Rights To FTX Assets The filing with the
Altcoins
In a recent post on X (formerly Twitter), David Schwartz, Ripple’s Chief Technology Officer (CTO), shared his predictions for the blockchain industry in 2024 and beyond. Interoperability As Catalysts For DeFi Growth On The XRPL According to Schwartz, the convergence of artificial intelligence (AI) and blockchain will revolutionize cybersecurity and financial services. AI, according to
The Securities and Exchange Commission (SEC) is in the spotlight once again in relation to Ripple, and not for the right reasons. This time, Ripple’s Chief Legal Officer (CLO) has made some revelations as it pertains to the Commission and how they tried to box the crypto firm into a corner. The SEC Initially Offered
In a series of predictions, Ripple’s Senior Vice Presidents (SVPs) Eric van Miltenburg and Aaron Sears foresee a transformative shift in the financial landscape, with traditional finance institutions embracing cryptocurrencies and regulatory alignment taking place. Financial Institutions Embracing Blockchain Eric van Miltenburg, Ripple’s SVP for Strategic Initiatives, foresees a “new era of finance” emerging as
In a surprising turn of events, Ripple CEO has accused the Chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler of being hypocritical in his attempt to regulate cryptocurrencies. Garlinghouse Criticizes SEC Chair Bradley Kent Garlinghouse, Chief Executive Officer of Ripple, the network behind the XRP token, has recently taken to X
In a series of regulatory achievements, blockchain company Ripple has marked another significant milestone by announcing the inclusion of its Irish subsidiary, Ripple Markets Ireland Limited, in the Central Bank of Ireland’s list of registered Virtual Asset Service Providers (VASPs). Ireland’s Favorable Stance On Blockchain Innovation According to the company’s announcement on December 20, Ripple’s
In a year marked by regulatory pressure on the crypto industry, Ripple CEO Brad Garlinghouse has renewed his call for industry cohesion to rally behind pro-crypto candidates in the upcoming 2024 US presidential election. Garlinghouse emphasizes the urgent need to counter the anti-crypto and anti-innovation stance the Biden administration took, particularly about blockchain technology. Ripple
Blockchain company Ripple has recently released a comprehensive white paper shedding light on central bank digital currencies (CBDCs). The document offers an analysis of CBDCs’ potential benefits, associated risks, and hurdles to adoption. G20 Nations At The Forefront According to Ripple’s white paper, CBDC projects are gaining momentum worldwide. Currently, 130 countries, representing 98% of
Big-shot crypto player Mike Novogratz of Galaxy Digital just did a U-turn. He used to be skeptical about Ripple and XRP, but guess what? He’s owning up to it now and saying, “I was wrong.” Talk about a plot twist in the crypto world. At first, Novogratz expressed reservations about the future of XRP, pointing
Pro-XRP legal expert John Deaton has once again come to the defense of Ripple in its ongoing legal battle with the Securities and Exchange Commission (SEC). This time around, he has blasted the former SEC Chair Jay Clayton for making misrepresentations in relation to the case. Ripple Vs. SEC: Deaton Comes For Clayton In a
JPMorgan CEO Jamie Dimon is being hauled over the hot coals on crypto X (Twitter) after claiming Bitcoin (BTC) and cryptocurrency’s “only true use case” is to facilitate crime. “The only true use case for it is criminals, drug traffickers, money laundering, tax avoidance,” Dimon said in a hearing before the United States Banking Committee
The Bitcoin Ordinals-based ORDI token has become the first BRC-20 token to top a $1 billion market capitalization after staging triple-digit monthly and weekly percentage gains. ORDI notched a new all-time high of over $65 on Dec. 5, surging more than 850% from around $6.80 on Nov. 5, according to CoinGecko data. ORDI is up 216%
DEBT Box and other defendants in a Securities and Exchange Commission lawsuit want the case tossed after the court found the agency lied to secure a temporary restraining order against them. “The SEC got this case wrong. Badly wrong,” lawyers for Digital Licensing Inc., which does business as DEBT Box, told Utah federal court Judge
PayPal’s introduction of its native stablecoin, PayPal USD (PYUSD), has sparked heated debates within the crypto industry regarding its possible sway on payments and wider crypto adoption. While this step seems to be a big jump toward accepting cryptocurrencies in regular finance, some industry observers advise caution. They underline the hurdles and limitations that could
Bitcoin (BTC)-related investment products have become the “main beneficiary” of recent investor interest in crypto, amid growing anticipation of a spot Bitcoin ETF approval in the United States. A total of $1.76 billion of investors’ funds have flowed into crypto products over a 10-week period, making up for the largest inflows over such a period
Open Exchange Token (OX), the native token of the crypto bankruptcy claims platform OPNX, spiked 50% just 20 minutes after co-founder Su Zhu supposedly posted to X (Twitter) for the first time since his arrest. On Dec. 1, Su posted a simple “gm” — an abbreviation for “good morning” — marking his first X post
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