Tag: Ripple

Ripple token XRP set for a significant price surge, analyst predicts

After a brief rally fueled by a favorable court ruling, XRP’s price roller coaster continues, with CryptoSea founder Daan de Rover predicting a “gigantic move.” De Rover, who goes by CryptoRover on YouTube, indicated on X — formerly Twitter — that he expects a significant spike in price for XRP. XRP price analysis XRP, the digital asset of Ripple Labs, saw its price skyrocket on July 13 by over 80% after a significant courtroom victory over the U.S. Securities and Exchange Commission (SEC). The court ruled that XRP sales on…

Harry Potter actors, Ripple exec feud over home renovation plans

“Harry Potter” actors Emma Thompson, Imelda Staunton, and Jim Broadbent aren’t happy with proposed renovation plans put forward by their neighbor, Ripple executive Sendi Young. Harry Potter stars unite According to documents submitted to the UK’s planning department and made available for public viewing on the council’s website, Young and her husband, Daniel — a Web3 specialist — have applied for permission to demolish a one-story building from the 1960s. The building, located adjacent to the Hampstead Cricket Club pitch, is to be replaced with a contemporary structure featuring aluminum…

SEC cites ‘knotty legal problems’ as reason for appealing Ripple ruling 

The U.S. Securities and Exchange Commission (SEC) argues that the issues raised by the recent court order in favor of Ripple Labs and its native token, XRP, represent complex legal challenges that warrant an appeal of the ruling. The SEC opposes the court’s verdict and has clarified that these “knotty legal problems” warrant a review. SEC not accepting defeat  The SEC is currently engaged in an ongoing legal battle against Ripple Labs, the creators of the XRP altcoin. The regulator seeks to appeal Judge Analisa Torres’ ruling that XRP was a…

SEC urges court to grant Ripple Labs appeal citing ‘knotty legal problems’

boss

The U.S. Securities and Exchange Commission has submitted a filing urging the court to grant its motion to appeal a ruling from the Ripple Labs lawsuit that deemed that XRP was not a security when sold to retail investors. The agency argued that there are “knotty legal problems” surrounding the court’s application of the law — specifically the Howey Test — that warrant a review. #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The SEC has filed its Reply Memorandum in Further Support of its Motion to Certify Interlocutory Appeal.https://t.co/KE1MzYKbVD — James…

U.S. SEC Counters Ripple in Ongoing Effort to Appeal Groundbreaking XRP Ruling

Judge Torres ruled in July that Ripple violated federal securities law in how it sold XRP to institutional investors, but that it had not done so with retail investors. Another judge in the same court, Judge Jed Rakoff, disagreed with the judgment when he ruled on a different case, also brought by the SEC. The regulator pointed to this in its first memo and Friday’s filing as part of its bid to convince Torres to allow the so-called interlocutory appeal, allowing an appellate court to take up some legal questions…

Ripple acquires Fortress Trust, expands license portfolio in the US

boss

Financial technology firm Ripple is expanding its portfolio of regulatory licenses in the United States with the acquisition of Fortress Trust, according to an announcement on Sept. 8.  Fortress Trust provides regulatory and technology infrastructure for blockchain organizations. The company holds a Nevada Trust license that allows it to custody financial assets. The acquisition is in addition to the more than 30 licenses Ripple holds across the country as a money transmitter, along with a BitLicense in New York, required digital currency businesses operating in the state. “Licenses are a…

Ripple XRP Expands European Presence with University Blockchain Research Initiative

Ripple, a prominent player in the blockchain and crypto sector, has announced the expansion of its University Blockchain and Research Initiative (UBRI) in Europe. The initiative, recognized globally for its contributions to academic blockchain and crypto research, aims to nurture the upcoming generation of leaders in this domain. UBRI has incorporated four new European universities into its program. These include Trinity College Dublin (Ireland), EPITA (France), IE University (Spain), and University of Trento (Italy). These institutions are set to bolster blockchain education and research throughout Europe. Since its establishment in…

Ripple Labs chair slams Biden, Gensler for having ‘screwed up’ on crypto

boss

The United States’ legal system is set to bring the crypto industry “back in the game” after the Biden administration “screwed up” its crypto policy, says Ripple Labs chair and co-founder Chris Larsen. Speaking to Bloomberg on Sep. 7 about his firm’s July partial win against the Securities and Exchange Commission, Larsen argued the regulator lost on “everything that was important to [it] and important in the regulation of the industry.” “The U.S. screwed up here on crypto and blockchain policy. This is the beginning now through the courts, unfortunately…

SBI expands Ripple remittance tech to banks in Vietnam, Indonesia, Philippines

boss

Japanese financial holding company SBI Group has announced that its international remittance services arm, SBI Remit, has partnered with Ripple and SBI Ripple Asia to offer an XRP (XRP) remittance service to bank accounts in several Southeast Asian countries. In an announcement, the company highlighted that SBI Remit has been using Ripple payments services for international remittances since 2017. Furthermore, SBI Remit also introduced solutions using crypto in 2021, claiming that it was the first in Japan to provide remittance services using XRP to crypto wallets in the Philippines. XRPを活用するRippleの送金ソリューションを用いた国際送金サービスをフィリピン・ベトナム・インドネシア向けに順次拡大…