Tag: Ripple

Ripple CFO Leaves Crypto for Healthcare

While it is unclear if Campbell’s departure is related to the continued battle between Ripple and the United States, there are no indications of such. Ripple CFO Kristina Campbell has departed from the company to become the CFO at the virtual healthcare provider Maven Clinic, marking a significant shift in her career. Campbell expressed her delight at joining Maven Clinic as CFO. “Throughout my career, I’ve seen firsthand how technology can make people’s lives better, and Maven is proving that every day at the forefront of healthcare,” she explained. Ripple…

Judge sides with Ripple again, denies SEC appeal: Law Decoded

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On Oct. 3, United States District Court Judge Analisa Torres rejected the U.S. Securities and Exchange Commission’s (SEC’s) motion to appeal its loss against Ripple Labs, the company behind the XRP (XRP) cryptocurrency. Torres denied the SEC’s motion, claiming the regulator failed to meet the burden to show that there were controlling questions of law or substantial grounds for differences of opinion on the matter.  The regulator appealed against the court’s July decision declaring that retail sales of the XRP token did not meet the legal definition of a security.…

SBF’s trial begins, more layoffs, Israel at war with Hamas, Ripple secures another victory

This week, FTX founder Sam Bankman-Fried’s trial began; the crypto sector witnesses more layoffs; a Hamas-led attack stuns Israel; Ripple vs. U.S. SEC continues. SBF faces trial Sam Bankman-Fried’s trial continues on Tuesday, Oct. 10 with testimony from former Alameda CEO Caroline Ellison. Before the trial began on Oct. 3, attorneys declined a request for a Ukrainian FTX customer to testify remotely. Prosecutors wanted this because most FTX clients live in the U.S., and one Ukrainian couldn’t travel due to wartime restrictions.  Bankman-Fried’s legal team cited concerns about the emotional…

Ripple CTO urges AMM integration into XRP Ledger

Ripple chief technology officer David Schwartz advocates for integrating an automated market maker (AMM) feature with the XRP Ledger (XRPL) to enable the creation of decentralized exchanges (DEXs) on the XRPL.  Schwartz described AMMs as a fascinating aspect of decentralized finance in a post on social media. However, implementing this feature should only proceed with the consensus of the XRPL community, he explained. The XRPL operates as a decentralized blockchain network, facilitating efficient and secure transactions for the XRP cryptocurrency. Unlike conventional systems, XRPL employs the Ripple Protocol Consensus Algorithm…

Ripple CTO seeks community consensus for XRPL AMM feature adoption

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Ripple chief technical officer (CTO), David Schwartz has advocated for XRP Ledger (XRPL) validators to support the automated market maker (AMM) feature, but only if there is consensus within the community. On X (formerly known as Twitter), Ripple’s CTO initiated a discussion on the XRPL’s AMM feature. In his initial post, Schwartz referred to AMMs as the intriguing decentralized finance (DeFi) innovation gaining attention, sparking queries for more details. The XRP Ledger is a decentralized blockchain-based ledger that powers the XRP cryptocurrency. known for its speed and scalability, making it…

When Are AMMs Coming To XRP Ledger? Ripple CTO Gives Clear Answer

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Following the announcement that the AMM functionality would be proposed as an amendment under the latest rippled version, many in the XRP community have continued to wonder how soon it could be implemented if passed. As a result, Ripple’s Chief Technology Officer (CTO) David Schwartz has provided some answers to the community to quench speculations. How Soon The AMM Implementation Could Happen   In response to a tweet asking how soon the AMM will go live on the ledger after voting, Schwartz stated that it should be enabled on the XRP…

Ripple CTO Defends Clawback Feature On The XRPL

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Ripple’s Chief Technology Officer (CTO), David Schwartz, has always been quick to come to the defense of the crypto firm and its technology. This time, he has defended Ripple developers implementing a newly proposed ‘Clawback’ feature on the XRP Ledger (XRPL).  Why The Clawback Feature Is Necessary In a tweet shared on his X (formerly Twitter) platform, Schwartz mentioned that while initially having reservations about the feature as he felt it was “redundant,” he later realized its importance as it differed from the existing freeze feature.  The “clawback” amendment is…

Ripple Scores 3 Major Wins That Could Drive XRP Price To $1

Certain events have been touted as being able to impact the XRP price significantly. Some of these events already seem to be happening, raising the hopes of the XRP community that the token could indeed hit $1 before the year runs out.  Ripple Expands To Singapore In a statement released on October 3, Ripple announced that its subsidiary had secured a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). This announcement comes four months after the company received its in-principle approval from the regulator.  Following this…