The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the SEC countered that such a low penalty “would not satisfy the purposes of […] Source CryptoX Portal
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While Bitcoin maintains its dominance, Polygon, Ripple, and Rollblock are catching investors’ eyes with robust ecosystems and potential for growth. While Bitcoin has asserted its dominance in the crypto market, other top crypto coins are still struggling. However, there are top crypto coins with a robust ecosystem and strong utility. Tokens such as Polygon and XRP have witnessed massive ecosystem development and adoption in the past few months, triggering…
Ripple, a leading enterprise in blockchain and crypto solutions, and Archax, the UK’s first regulated digital asset exchange, have announced an extension to their existing collaboration on June 13, 2024. This partnership aims to bring hundreds of millions of dollars of tokenized real-world assets onto the XRP Ledger over the next year, positioning the XRPL […] Source CryptoX Portal
Ripple’s XRP Ledger has announced a new collaboration effort with Axelar, a programmable blockchain interoperability platform. AXL price surged on Wednesday as Ripple will use Axelar as the exclusive bridge for its XRPL EVM sidechain. Per data from CoinMarketCap, AXL shot up from below key resistance at $0.76 as Bitcoin and the rest of the altcoin market reacted to US CPI data. The token’s price reached highs of $0.81 and was up 6% at the time of writing. The XRPL EVM sidechain Ripple developers announced Axelar’s partnership for the Ethereum…
In a significant announcement at the XRP Ledger Community Summit (#XRPL Apex) held in Amsterdam from 11-13 June 2024, Brad Garlinghouse, the CEO of Ripple, unveiled the name of Ripple’s new stablecoin – $RLUSD. Garlinghouse expressed his fondness for the name, stating, “I like to call it Real USD… Ripple USD”. This development marks a […] Source CryptoX Portal
Ripple has partnered with Clear Junction, a global leader in cross-border payment solutions for regulated institutions, to enhance cross-border payments, enabling instant and secure GBP and EUR payouts, with more currencies to follow. Ripple Payments provides faster, cheaper cross-border payment infrastructure, serving customers in over 55 countries. Clear Junction, established in 2016, offers multi-currency payment […] Source CryptoX Portal
Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot XRP ETFs next year, reiterating that they are inevitable. The executive discussed cryptocurrency regulations in the U.S., highlighting the SEC’s shift towards pragmatism after losing court battles. XRP ETFs Likely Approved Next Year, Ripple’s CEO Says Ripple CEO Brad […] Source CryptoX Portal
In a market witnessing a strong bullish momentum with several cryptos reaching new all-time highs and experiencing price recoveries, the XRP price has remained in a consolidation phase for the past two months after a brief surge in March that took it to its yearly high of $0.7430. However, recent positive developments and announcements surrounding Ripple, the blockchain payment company associated with XRP, coupled with an intriguing bullish pattern, have sparked speculation of a potential massive uptrend for the XRP price. Ripple Expands With Clear Junction Partnership Ripple recently revealed…
Ripple president Monica Long said the XRP issuer is likely to enter the $161 billion stablecoin market before the end of the year. The stablecoin market is growing in leaps and bounds as experts predict a multi-trillion ecosystem for U.S. dollar-pegged tokens in the next three to five years, Ripple’s Long stated in an interview with CNBC at Money 20/20 in Amsterdam. According to Ripple’s president, the stablecoin market is primarily driven by demand for access to U.S. dollars and an efficient global fiat-denominated payment system powered by blockchain technology. …
Ripple CEO Brad Garlinghouse foresees the emergence of exchange-traded funds (ETFs) for cryptocurrencies beyond bitcoin and ether, following the U.S. Securities and Exchange Commission (SEC) approval of spot bitcoin and ethereum ETFs. At the Consensus 2024 event, he stated: “I think it’s just a matter of time, and it’s inevitable there’s gonna be an XRP […] Source BitcoincryptoexchangeExchanges CryptoX Portal