Tag: Ripple

Stripe, Ripple, Blockchain.com, OpenSea Lead Way for Top 10 US Fintech Companies

Top crypto companies rank amongst the largest Fintech companies in America despite market challenges. Forbes has released its annual list of the top ten largest fintech companies in the US, providing insights into the dynamic landscape of the financial technology industry. However, this year’s list includes a disclaimer due to the market downturn’s impact on fintech valuations. First on the list was payment processing giant Stripe. The crypto-friendly firm, founded by Irish brothers Patrick and John Collison, ranked first on the list despite experiencing a valuation decline from $95 billion…

SEC Deletes Former Director Hinman’s Biography amidst Ripple vs SEC Case

The US SEC has mysteriously deleted Hinman’s biography from its website ahead of the court’s imminent order to disclose unredacted emails from Hinman’s communications. The United States Securities and Exchange Commission (SEC) erased the biography of former commissioner William Hinman from its website eight days before the court demanded the financial watchdog to provide unedited copies of all of Hinman’s emails in its case against Ripple Labs. Before now, the SEC’s website contained important information about Hinman’s employment history, roles, and advisory contributions to the Commission. However, the updated biography…

Ripple Eyes IPO as XRP Lawsuit Draws to End

XRP’s lawyer thinks the outcome could be determined by September based on recent events. In light of this, Ripple is allegedly meeting with investors to discuss their interest in an IPO. As its legal battle related to XRP with the Securities and Exchange Commission (SEC) draws to a close, there are rumors that Ripple may conduct an IPO. Wall Street expert Linda Jones hinted at the possibility by outlining the advantages of a potential initial public offering. Linda used information from Linqto to determine the potential stock value of Ripple,…

NASDAQ congratulates Ripple on Metaco’s acquisition, fuels IPO rumors

NASDAQ, one of the largest stock exchanges by volumes in the United States, has congratulated Ripple, the blockchain payments company, following its acquisition of Metaco, a Swiss-based crypto custody platform. In a tweet shared by Metaco on May 28, NASDAQ applauded Ripple though crypto users read more from the broker’s decision to publicly congratulate the embroiled Brad Garlinghouse-led blockchain company. The stock exchange’s message is also fueling rumors of a potential Initial Public Offering (IPO) and listing in the future. Source: Metaco on Twitter On May 17, the San Francisco-based…

Gemini and Ripple navigate legal hurdles, Asia boosts regulatory efforts

Last week was eventful for Gemini. They faced similar accusations brought by the United States Securities and Exchange Commission (SEC) as Ripple. Subsequently, they had to deal with various operational and regulatory challenges. Despite the ongoing SEC case, Ripple is still determined to pursue growth. In Asia, more robust regulations on crypto are being implemented, but industry leaders remain dissatisfied with the SEC’s actions in the United States. Gemini challenges the SEC Gemini, a crypto exchange, has challenged the allegations made by the SEC that its Earn product offered unregistered…

Ripple lawsuit could be impacted by LBRY lawsuit, experts suggest

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Prominent legal professionals specializing in crypto have responded to the recent motion filed by LBRY in its ongoing legal dispute with the US Securities and Exchange Commission (SEC), citing its possible repercussions on the XRP lawsuit.  The sharing and publishing platform LBRY filed a supplementary brief supporting its petition to limit the remedies sought by the SEC in SEC vs. LBRY. LBRY emphasized its ongoing attempts to get answers from the SEC on using LBRY Tokens…

Ripple CTO debunks claims on XRP Ledger’s governance

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied David Schwartz, XRPL architect, and current Ripple CTO, has revealed new information on the XRP Ledger’s governance, emphasizing its decentralized nature. XRPL’s decentralization questioned A recent claim surfaced during the debate on the XRP Ledger decentralization, bringing concerns to the community. The discussion revolved around the role of the XRPL foundation (XRPLF) in validating definitions within the default Unique Node List(dUNL), a highly relied-on XRP Ledger nodes list. Schwartz has responded to these claims. He highlighted…

Ripple Acquires Undisclosed Stake in Crypto Exchange Bitstamp

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San Francisco-based blockchain company Ripple has taken an undisclosed minority stake in cryptocurrency exchange Bitstamp in the first quarter of this year, according to the latest transcript of Galaxy Digital’s shareholder conference call. Ripple acquired the stakes from Pantera Capital, a US-based digital asset investment firm, and Galaxy Digital advised on the deal. “On the back of a record year for our investment banking team, we advised Pantera, a leading blockchain asset management firm on the sale of its stake in European digital asset exchange Bitstamp to Ripple Labs in…

Ripple Strengthens Its European Presence with Acquisition of Pantera’s State at Bitstamp Crypto Exchange in Q1

XRP price gained more than 34% YTD to trade around $0.45 as Ripple widens its portfolio in Europe. Following a string of hostile crypto regulatory frameworks in the United States and the lack of goodwill from the Securities and Exchange Commission (SEC) to stop enforcement actions, digital assets firms have opted to diversify through Europe or other friendly markets. Already, several centralized exchanges – including Gemini Trust Company LLC and Coinbase Global Inc (NASDAQ: COIN) – have shifted focus to seeking regulatory approvals in crypto-friendly markets like the European Union.…

Ripple defense attorney files motion to withdraw from SEC case

Kylie Chiseul Kim, a key defense attorney for Ripple Labs in its ongoing litigation against the SEC, has submitted a motion to withdraw from the case due to her departure from the law firm representing Ripple. In a development from the high-profile litigation between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC), Ripple’s defense attorney, Kylie Chiseul Kim, has submitted a motion to the Southern District of New York, seeking to withdraw from the case. Kim has been a key legal figure in this ongoing lawsuit and…