Ripple News

Ripple and SBI Collaborate to Launch On-Demand Liquidity in Japan —…

  

Ripple has launched its first On-Demand Liquidity (ODL) service implementation in Japan in partnership with SBI Remit, a large Japanese money transfer provider, and Philippine crypto exchange Coins.ph.

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Ripple Plans to Go Public After SEC Lawsuit Over XRP Is Resolved, C…

Ripple could go public after the SEC lawsuit is resolved, according to CEO Brad Garlinghouse. He reportedly explained that the likelihood of this happening is “very high at some point.”

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Ripple's Chris Larsen Believes Bitcoin Dominance Could Fall Over Pr…

Ripple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment.

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SEC Accuses Ripple of Harassment, Asks Judge to Block Access to Som…

The U.S. Securities and Exchange Commission (SEC) has asked the judge in the SEC v. Ripple case to block Ripple and its executives from accessing various internal records it claims are unrelated to determining whether XRP is a security.

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SEC v Ripple: Court Denies SEC's Request for Personal Financial Rec…

In the SEC v. Ripple case, the court has denied the request by the U.S. Securities and Exchange Commission (SEC) for personal financial records of Ripple’s executives that are not connected to XRP. The court says that it “is not convinced” that personal banking records would show the violations as claimed by the SEC.

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Ripple Wins Discovery: Judge Grants Access to SEC Internal Records…

Ripple Labs has reportedly won discovery from the U.S. Securities and Exchange Commission (SEC). The court has ordered the commission to produce internal records relating to discussions of whether XRP tokens are similar to bitcoin and ether, which are currently not classified as securities.

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Ripple Partner Mercury FX Accepted Into 'First Cohort' of a South A…

South Africa’s Inter-governmental Fintech Working Group (IFWG) recently accepted Mercury FX, a UK-based e-money firm, into the first cohort of its regulatory sandbox. The firm, which harnesses the Ripplenet blockchain, says it wants to demonstrate its technology’s ability “to shorten the money transfer window to only minutes.”

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SEC vs. Ripple: US Judge Orders Both Parties from the XRP Lawsuit t…

In a fresh twist to the Securities and Exchange Commission (SEC)’s fight against Ripple Labs, US judge Sarah Netburn has directed both parties to hold “a telephonic discovery conference on Tuesday, April 6, 2021.” The judge’s order directs the parties to discuss a motion to compel filed by Ripple’s lawyers.

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US Judge Denies Request to Add XRP Holders as Intervenors in SEC's…

A U.S. judge has denied the request to add XRP token holders as intervenors in the Securities and Exchange Commission (SEC)’s ongoing case against Ripple. In a ruling made one day after the motion was filed, the judge, Analisa Torres denied the token holders’ request “without prejudice to renewal.”

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Ripple to Dispose Stake in Moneygram Shortly After Announcing End o…

Just a few days after announcing the end of its partnership with Moneygram, the fintech firm Ripple Labs is now moving to dispose of its stake in the listed company.

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Ripple's Asia Pacific Business Flourishing Despite SEC Lawsuit, Say…

Ripple chief executive officer Brad Garlinghouse said Friday that the company’s business in the Asia-Pacific region has not suffered from the ongoing regulatory issues in the U.S.

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Moneygram Halts Using Ripple Due to SEC Lawsuit Over XRP Cryptocurr…

Moneygram has announced that it has suspended using Ripple’s platform due to the lawsuit against Ripple Labs and its executives by the U.S. Securities and Exchange Commission (SEC). Last year, the company earned $50.2 million from Ripple for using the platform.

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Ripple and CEO Brad Garlinghouse Face Another Lawsuit Over XRP Cryp…

Another class-action lawsuit has been filed against Ripple Labs and CEO Brad Garlinghouse. This lawsuit follows the one filed by the U.S. Securities and Exchange Commission (SEC) alleging that the defendants sold XRP, which it considers unregistered security, for over $1.38 billion.

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Biden Administration Reported to Be Lining up a Former Ripple Advis…

Micheal Barr, the former member of Ripple’s board of advisors, is set to become the United States’ next banking regulator, according to a report. A former assistant treasury secretary, Barr will become the second individual with crypto connections to lead the Office of Currency Comptroller (OCC.) The recently departed Currency Comptroller Brian Brooks is a former Coinbase executive.

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Ripple's CEO Addresses Key Allegations by US SEC — Legal Response…

Ripple CEO Brad Garlinghouse has addressed some of the allegations made by the U.S. Securities and Exchange Commission (SEC) against his company. He focused on answering five questions on what he calls “unproven allegations” by the regulator.

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Ripple Assails the SEC, Claims the $1.3 billion Lawsuit is an 'Atta…

Ripple has hit back at the U.S. Securities and Exchange Commission (SEC), accusing it of creating more uncertainty and failing in its duty to protect the crypto community. In panning the SEC’s decision to designate its XRP token as a security, the company claims the regulator’s lawsuit against it amounts to an attack on the entire crypto market in the US.

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XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed

Digital currency markets have seen some volatile action this week and during the last 24 hours following the XRP charges, a number of coins shed a great deal of value. At the time of publication, the entire crypto-economy is valued at $629 billion and because XRP lost so much value, bitcoin’s dominance index has risen above the 68% mark.

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Ripple Forced To Rebrand PayID Trademark After Copyright Infringeme…

Ripple Labs Inc., issuers of the XRP cryptocurrency, has filed for a new trademark called “Paystring” with the US Patent and Trademark Office (USPTO).

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Ripple Sued by 13 Australian Banks for Trademark Infringement

Ripple Labs Inc. is being sued in an Australian court for allegedly infringing a trademark belonging to several local banks. A lawsuit filed by the New Payments Platform Australia (NPPA), a joint venture between the Reserve Bank of Australia and 13 domestic banks, claims that Ripple copied its PayID brand.

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Australian Woman Jailed Two Years for Stealing $300,000 Worth of XRP

An Australian hacker who stole 100,000 units of the XRP cryptocurrency has been sentenced to a maximum of two years and three months in jail, local media reported.

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Veteran Analyst Peter Brandt Scorns 'XRP's Bag Holder,' Compares Ri…

Veteran trader Peter Brandt knocked the digital currency XRP on Thursday and compared the crypto token company Ripple to the U.S. Federal Reserve. Brandt said he believes the company behind the coin will double the token supply, and he doesn’t understand why “otherwise smart people” have drank the “XRP-Kool-aide.”

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Ripple Sues Youtube For Allowing Scams That Promised Returns Up to…

Ripple is suing Youtube, accusing the video platform of not doing enough to eliminate crypto-related “giveaway” scams. The payment network wants to force Youtube to protect its users from such scams. Some scammers promise returns up to 5 million XRP or about $930,000 at current prices, but participants in the “giveaway” never received the money, according to court papers.

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Ripple CEO's Public Statements About XRP Token Under Fire in Class-…

Plaintiffs in the class action lawsuit against Ripple Labs have filed another litigation complaint against Ripple CEO Brad Garlinghouse. The news follows the recent court judgment that denied Ripple Lab’s attempt to get the case dismissed.

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Third-Party Cryptos Could Launch on XRP Ledger, Says Ripple’s David…

Ripple is developing a feature that could allow users to mint asset-backed tokens directly on top of XRP Ledger, the firm's tech chief has said.

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MoneyGram Got Another $11M From Ripple to Use Its Cross-Border Paym…

Payments firm Ripple has given MoneyGram, a remittance firm, over $11 million in the past half year, according to regulatory filings with the Securities and Exchange Commission (SEC).

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Mastercard and Ripple’s Xpring Join Industry Group to Promote Block…

Mastercard has joined a working group that supports blockchain education and research in universities around the world.

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Ripple’s Brad Garlinghouse Hints Firm May Seek IPO Within 12 Months

DAVOS, Switzerland — Ripple CEO Brad Garlinghouse said an initial public offering (IPO) is seen as the “natural evolution for the company,” perhaps even this year.

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Lawsuit Against Ripple May Decide the Fate of XRP but Regulators Ha…

A prolonged legal battle, which may hold the key to XRP’s future, has been extended again. The class action lawsuit alleges that Ripple issued and sold the coin, one of the largest by market cap, as an unregistered security.

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Ripple’s Revamped Xpring Platform Looks to Boost XRP Development

Ripple has condensed its broad Xpring developer platform into a single site. The new platform aims to allow crypto and non-crypto developers to integrate payments into any mobile application. Now, Xpring.io offers those developers a wallet, new tools, technical documentation and Xrping customer service. 

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What’s Next in the Securities Case Against Ripple Over XRP

The Takeaway:

  • Monday is the deadline for an XRP holder to file a response to Ripple’s motion to dismiss his suit against the company.
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