Tag: Ripple

XRP Set to Explode? Ripple and SEC File Joint Request

Key Notes Ripple and SEC pause legal battle, signaling a near-final settlement that could reshape crypto regulation. XRP trades near critical resistance at $2.10, with RSI and Bollinger Bands hinting at an imminent breakout. The SEC withdrew its appeal in March against Ripple Labs, sparking settlement rumors. American fintech firm Ripple and its cryptocurrency XRP are once again the center of attention in both legal and market circles amid a notable development in the legal battle against the United States Securities and Exchange Commission (SEC). At press time, the cryptocurrency…

Defining Moment for XRP: Ripple CTO Highlights XRP’s Potential in Multi-Trillion-Dollar Ecosystem

Ripple’s $1.25 billion Hidden Road acquisition supercharges XRP’s role in global finance, unleashing instant, cross-asset settlement and bridging blockchain with trillions in traditional capital. XRP to Anchor Cross-Asset Settlement in Ripple’s Hidden Road Brokerage Play Ripple’s entry into prime brokerage through its $1.25 billion acquisition of Hidden Road is expected to significantly elevate the utility […] Source CryptoX Portal

Ripple Labs Acquires Prime Broker Hidden Road For $1.25 Billion

Key Notes Payments giant Ripple Labs has bought a brokerage firm, Hidden Road. The digital currency payments firm announced the deal is valued at $1.25 billion, making it one of the largest in the market. The acquisition will integrate several of Ripple’s products, including RLUSD and the XRP Ledger. Ripple Labs, the American tech company, is back in the spotlight following its $1.25 billion acquisition of prime brokerage firm Hidden Road, one of the biggest deals in the crypto ecosystem. According to the update, Ripple Labs said the acquisition is…

Ripple acquisition of Hidden Road a ‘defining moment’ for XRPL — Ripple CTO

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Ripple’s $1.25 billion acquisition of prime broker Hidden Road is a “defining moment” for the blockchain payments company, potentially unlocking more use cases for the XRP Ledger among institutions, said David Schwartz, Ripple’s chief technology officer.  “Ripple’s acquisition of Hidden Road is a defining moment for the XRP Ledger and XRP,” Schwartz said on social media on April 8.  Hidden Road is a prime brokerage and credit network with more than 300 institutional customers. On a typical day, it clears more than $10 billion and processes more than 50 million…

Ripple Announces $1.25B Acquisition Of Hidden Road To Set Major Milestone

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 Labs has announced a major acquisition to shock the market out of an otherwise dreadful week. Taking to X (formerly Twitter), the crypto firm announced that it has…

Ripple Deploys RLUSD in Kenya as Blockchain Aid Faces Real-World Drought Test

Ripple’s blockchain-powered RLUSD will instantly disburse aid to Kenyan pastoralists facing drought, using satellite data and smart contracts to automate, trace, and optimize relief. Ripple’s RLUSD Brings Instant Relief to Kenya With Blockchain-Driven Auto Payouts Ripple unveiled a new blockchain-based drought relief initiative on April 4, targeting arid communities in Kenya’s Laikipia County. Collaborating with […] Source CryptoX Portal

XRP win leaves Ripple a ‘bad actor’ with no crypto legal precedent set

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Ripple has emerged (mostly) victorious from its long-running battle with the Securities and Exchange Commission (SEC), but for legal experts, the case’s conclusion feels like a missed opportunity. Since the case didn’t advance to a higher court, Judge Analisa Torres’ original district court decision — which famously differentiated between XRP sales to institutional investors and those on exchanges — has not established a binding precedent.  For the wider industry, the case’s murky status leaves companies struggling with unanswered questions: How should token offerings be structured? What legal weight does Torres’…

XRP News Today: Ripple Labs Locks 700 Million XRP in Escrow Post-SEC Lawsuit Resolution

Key Notes Ripple Labs locked 700 million XRP in escrow to manage the coin’s circulating supply. The technology company holds billions of XRP outside escrow, with plans to reduce sales. Ripple and US SEC case is now over with the firm billed to pay $50 million. Blockchain payments firm Ripple Labs Inc has locked 700 million XRP XRP $2.12 24h volatility: 0.9% Market cap: $123.20 B Vol. 24h: $3.22 B in escrow as part of its continued strategy to manage the cryptocurrency’s supply. Notably, this occurred weeks after company CEO…

Ripple, Chipper Cash Partner Up – Garlinghouse Unveils Massive Market Opportunity

Key Notes Ripple and Chipper Cash have announced partnership, expanding the former’s presence in Africa. The partnership will result in faster, cheaper, and efficient settlements for customers. “We’re enabling faster, more affordable cross-border payments,” said a Ripple executive . Ripple is expanding into Africa through a partnership with Chipper Cash, a leading payment provider, to enable crypto-based cross-border payments. This collaboration is set to revolutionize remittance and payments across the continent by offering faster, cheaper, and more efficient settlements. Empowering Africa’s Cross-Border Transactions According to the official announcement on March 27,…

Ripple will drop cross-appeal in SEC case, get refund from lower court ruling

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Blockchain firm Ripple Labs’ case with the US Securities and Exchange Commission (SEC) may be officially wrapped up after more than four years, subject to court approval. According to a March 25 X post from chief legal officer Stuart Alderoty claiming what could be “the last update on SEC v. Ripple ever,” the executive said Ripple will drop its cross-appeal against the SEC in the US Court of Appeals for the Second Circuit. An August 2024 judgment from the US District Court for the Southern District of New York finding…