Broader crypto markets dropped 0.7% in the past 24 hours, the CoinDesk Market Index (CMI) shows. Source
XRP Spikes as Ripple Scores Singapore License, SEC Loses Motion to Appeal
Tag: Ripple
Lawyers debate over Ripple case after rejection of SEC’s motion for appeal
Crypto lawyers are seemingly divided over the significance of a recent court order from Judge Analisa Torres, which denied the United States Securities and Exchange Commission’s (SEC) plan to file an interlocutory appeal against Ripple. While many lawyers and commentators chalked the decision up as a substantive win for Ripple in its case against the regulator, other legal experts have urged the public to temper their enthusiasm. Judge Torres’ denied the SEC’s interlocutory appeal based on the grounds of her previous ruling which sided partially in favor of Ripple. She…
Ripple gets formal approval for Singapore payments license
Ripple said it has received the full-fledged license to operate as a major payments institution from Singapore’s central bank, allowing it to continue operations in the country after receiving in-principle approval in June. In an Oct. 4 statement, the company said its local entity, Ripple Markets APAC Pte Ltd, was granted the full license by the Monetary Authority of Singapore (MAS). Incredibly proud of team @Ripple – just 4(!) months after we received our in-principle approval from @MAS_sg, we’ve now secured the full Major Payment Institution license for digital payment token…
Ripple Says Singapore License Formally Approved
“Singapore has developed into one of the leading fintech and digital asset hubs striking the balance between innovation, consumer protection and responsible growth,” said Ripple CEO Brad Garlinghouse, in a statement, adding that the country has been the company’s Asia Pacific headquarters for six years. Source
Ripple CEO’s Tattoo Predicts XRP Price Surge? Here’s When It Will Hit The Moon
In the wake of a sideways XRP price action followed by a significant decline after Ripple’s legal victory against the US Securities and Exchange Commission (SEC), a new wave of speculation has emerged, fueled by the astrology-inspired tattoo sported by Ripple CEO Brad Garlinghouse. Unveiled during a recent Ripple party held to celebrate the legal triumph on July 13, the tattoo has captured widespread attention, triggering discussions and conjecture about its potential significance. And as for any “announcement” that people are wondering about, tonight’s event is just a celebration…but I…
Judge rejects SEC’s motion to file an appeal against Ripple ruling
District court judge Analisa Torres has rejected the United States Securities and Exchange Commission’s (SEC) motion to file an interlocutory appeal against the recent Ripple ruling. In an Oct. 3 court order, Judge Torres denied the SEC’s motion as the SEC failed to failed to meet its burden to show there were controlling questions of law or that there were substantial grounds for differences of opinion on the matter. “The SEC’s motion for certification of interlocutory appeal is denied, and the SEC’s request for a stay is denied as moot.”…
XRP Price Rises After SEC’s Motion to Appeal Ripple Loss Is Denied
The judge had previously ruled in July that while Ripple violated federal securities laws in selling XRP to institutional investors directly, it had not done so by making XRP available to retail customers through programmatic sales to exchanges. That decision cast doubt on how strongly securities regulators would be able to police crypto. Source
How Solana Outperformed 2 Top Altcoins; Ripple Effect On Prices
Solana (SOL) has emerged as a standout performer in the recent crypto market rally, catching the attention of investors and analysts alike. The entire cryptocurrency market has been on a bullish streak, with most digital assets turning green on the charts. However, Solana has managed to stand out by achieving an unprecedented increase in its price. At the time of writing, SOL was trading at $23.54 on CoinGecko and boasted a market capitalization near $10 billion. While the coin did register a 1.6% loss in the past 24 hours, its…
Pro-XRP Lawyer Reveals The Impact Of SEC’s Lawsuit Against Ripple
A pro-XRP lawyer has highlighted more casualties and negative impacts the regulatory authority has inflicted on XRP and its investors as well as individuals and businesses associated with the cryptocurrency. So while Ripple has stated it has lost over $200 million in its fight against the US SEC, it seems that is not the only loss that has been incurred in the drawn-out battle. SEC Allegedly Damaged 75K XRP Followers John E. Deaton, a pro-XRP lawyer has taken to X (formerly Twitter) to publicly admonish the United States Securities and…
XRP Price Threatened As Ripple Unlocks 1 Billion Coins
The XRP price has already been under pressure for the past month, as the future outlook of Ripple is still set to be determined in the near future. Although XRP has moved up with the rest of the crypto market over the past few days of green, there is still uncertainty about the next bull run. However, this little price movement could be brief, as the number of XRP tokens in circulation just increased by 1 billion XRP, around 1.87% of the circulating supply of 53.312 billion tokens. Potential Impact…