Tag: Ripple

Ripple President Shocks XRP Army with Product Updates

Key Notes Ripple’s acquisition of prime brokerage firm Hidden Road for $1.25 billion is back in the spotlight. XRP eyes bullish breakout with price holding above key levels. Derivatives marketplace CME Group is to launch XRP futures on May 19, boosting institutional interest. Monica Long, the President of American blockchain payments firm Ripple Labs Inc, has spurred fresh excitement within the XRP community. She recently stunned the community with updates on the company’s ongoing expansion and its latest acquisition. These developments come as the Ripple Labs-linked cryptocurrency XRP shows steady…

Ripple Takes Asia By Storm With New XRP Product, Here Are The Recent Developments

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ripple is again breaking into the Asia market with a new XRP product, which would help drive institutional adoption. This move has been made in partnership with HashKey Capital,…

Ripple Enters Broker-Dealer Arena as Hidden Road Gains FINRA Authorization

Ripple just unlocked a game-changing foothold in traditional finance as its $1.25 billion acquisition scores FINRA approval, supercharging institutional access to fixed income markets. Ripple’s Hidden Road Gets FINRA Go-Ahead to Expand Prime Brokerage Services Hidden Road, a global prime brokerage firm recently acquired by Ripple for $1.25 billion, announced a regulatory milestone Thursday. Its […] Source CryptoX Portal

Ripple Supports Launch of New XRP Tracker Fund by HashKey Capital

Key Notes HashKey Capital released Asia’s first XRP Tracker Fund. Ripple is the anchor investor for this project. XRP Tracker Fund may turn into an ETF if some conditions are met. Ripple Labs Inc, one of the largest digital asset infrastructure firms, is offering the initial investment seed for Asia’s foremost XRP Tracker Fund. This is great news for the embattled digital asset firm and XRP, the fourth-largest cryptocurrency based on market cap. As part of its latest investments, Ripple is supporting crypto fund manager HashKey Capital in the introduction…

Ripple Acquisition Target Hidden Road Gains U.S. Broker-Dealer License by FINRA

Hidden Road, the prime brokerage firm that’s being acquired by Ripple, has obtained approval to operate as a U.S. broker-dealer from the Financial Industry Regulatory Authority (FINRA), the company said Thursday. The license, granted to its subsidiary Hidden Road Partners CIV US LLC, will allow the firm to expand its fixed income prime brokerage platform, according to the press release. With the broker-dealer status, the firm plans to offer institutional clients a broader range of regulatory-compliant services in clearing, financing and prime brokerage of fixed income assets. “[This] is a…

Ripple Labs’ Latest Acquisition Hidden Road Bags New Operating License

Key Notes Hidden Road has been approved to operate as a broker-dealer. The Ripple Labs $1.25 billion acquisition is set to boost the firm’s growth and reach. New services target both digital and traditional asset clients. Hidden Road, a prime brokerage firm now owned by Ripple Labs, has been approved to operate as a broker-dealer. The license, granted by the Financial Industry Regulatory Authority, will allow the company to work more closely with institutional investors. New License Opens More Doors for Hidden Road According to a report by Bloomberg, the…

Ripple Whale Activity Surges—Will $273 Million XRP Transfer Shake The Market?

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Recent happenings with whales have caused turbulence in the XRP market. A transaction of 131 million XRP tokens, which is around $273 million worth, has sent jitters among investors. This occurrence comes during the tough battle of XRP in attempting to cut through the resistance at $2.16. Large Wallet Transfers Raise Questions About Market Stability As per blockchain monitoring by Whale Alert, an unknown owner moved 131 million XRP between wallets in a single transaction. The activity prompted conversations on trading platforms as investors attempted to decipher the move. The…

Ripple v SEC: XRP Lawsuit on Hold as $50M Deal Progresses

A federal court pause in the Ripple-SEC case accelerates momentum toward a $50 million settlement, positioning XRP for a landmark regulatory win and market resurgence. Ripple v SEC: XRP Trial Paused Pending $50M Deal Decision A federal appellate court has temporarily paused the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and […] Source CryptoX Portal

Court grants 60-day pause of SEC, Ripple appeals case

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An appellate court has granted a joint request from Ripple Labs and the Securities and Exchange Commission (SEC) to pause an appeal in a 2020 SEC case against Ripple amid settlement negotiations. In an April 16 filing in the US Court of Appeals for the Second Circuit, the court approved a joint SEC-Ripple motion to hold the appeal in abeyance — temporarily pausing the case — for 60 days. As part of the order, the SEC is expected to file a status report by June 15. April 16 order approving…

Ripple Talks XRP Settlement With SEC—CEO Predicts $200K Bitcoin

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Ripple eyes a landmark SEC settlement paid in XRP as CEO Brad Garlinghouse boldly forecasts bitcoin hitting $200,000, signaling explosive momentum for the crypto market. Ripple Discusses Settling With SEC Using XRP, CEO Sees $200K Bitcoin Ahead Ripple Chief Executive Brad Garlinghouse said the company’s settlement with the U.S. Securities and Exchange Commission (SEC) could […] Original