Plans for the stablecoin come amid further boosts to the XRP Ledger network in the form of Ethereum-compatible smart contracts, which will let users build out on-chain exchanges and issue tokens, among other financial services, as they do on Ethereum. Source
CryptoX – Cryptocurrency Analysis and News Portal The contracts will exist on a sidechain built on XRPL, developers said in a Tuesday post. Source The post Ripple Will Soon Add Ethereum Compatible Smart Contracts to XRP Ledger appeared first on CryptoX. CryptoX Portal
The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California’s recent decision in the U.S. Securities and Exchange Commission’s lawsuit against Kraken. “Another court, this time in the Kraken case, confirms there’s no such thing as a ‘crypto asset security.’ Bad news for the […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Ripple’s chief legal officer says he wouldn’t be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the final ruling in the Ripple lawsuit over XRP. He questioned the SEC’s rationality and expressed confidence that any appeal by the SEC would likely fail. Alderoty urged the SEC to focus on its core mission […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Investors are continually seeking the next big opportunity. Recently, a noteworthy trend has emerged: experienced Ripple (XRP) investors are diversifying their portfolios by adding Mpeppe (MPEPE), a new and exciting token gaining traction in the market. Here’s why this shift is generating buzz and what it means for both tokens. Ripple (XRP) Investors Seek Diversification with Mpeppe (MPEPE) A Strategic Move for Higher Returns Seasoned Ripple (XRP) investors are making headlines by incorporating Mpeppe (MPEPE) into their portfolios. This move isn’t just a shot in the dark; it’s a strategic…
While the SEC case against Ripple was decided solidly in Ripple’s favor, the takeaways for the rest of the industry are limited. Source
Ripple’s chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following the $125 million final judgment in the XRP case. He suggested that if the Biden-Harris administration is committed to resetting its stance on crypto, the securities regulator should not seek to appeal. He noted that […] Source CryptoX Portal
The U.S. Securities and Exchange Commission (SEC) has addressed District Judge Analisa Torres’ ruling in the Ripple case over XRP, emphasizing the substantial financial penalties imposed on the crypto firm and its ongoing securities law violations. While Ripple celebrated the 94% reduced fine, the regulator underscored that the court acknowledged Ripple’s securities violations. SEC Reacts […] Source CryptoX Portal
Ripple Labs has initiated beta testing for ripple usd (RLUSD), a stablecoin pegged to the U.S. dollar, on both the XRP Ledger and Ethereum mainnets. The stablecoin is currently not available for public trading as it awaits regulatory approval. Ripple’s USD-Backed Stablecoin Enters Beta Phase Ripple usd or RLUSD, designed to maintain a 1:1 value […] Source CryptoX Portal
“Ripple USD is currently in its beta phase and is being rigorously tested by our enterprise partners,” the company said in a blog post. “This phase is crucial for ensuring that the stablecoin meets the highest standards of security, efficiency, and reliability before it becomes widely available, and after receipt of regulatory approval.” Source