News
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Ripple News
Established in 2012 under the name OpenCoin, Ripple Labs is the software corporation responsible for creating the XRP (XRP) cryptocurrency and its accompanying distributed ledger technology (DLT), the XRP Ledger. In addition, the company has crafted a collection of payment protocols, such as RippleNet, which are designed to optimize cross-border transactions for financial entities. RippleNet serves as a counterpart to the traditional SWIFT system, aiming to revolutionize and accelerate international money transfers by leveraging blockchain technology.
Initially featuring distinct services (xCurrent for bank payments, xRapid for liquidity via XRP and xVia for API integration), RippleNet consolidated these offerings in 2019. This strategic unification aimed to broaden XRP’s application in fund transfers under a single, cohesive RippleNet banner. Ripple’s XRP Ledger is the open-source DLT that provides cryptographically secure, verifiable settlement of the XRP currency. The XRP Ledger is not part of Ripple’s suite of proprietary software products, as it is accessible and open to all.
In 2020, the United States Securities and Exchange Commission filed a lawsuit against Ripple and its executives, Brad Garlinghouse and Christian Larsen, which accused it of conducting unregistered securities offerings worth over $1.3 billion via XRP sales. However, in July 2023, Ripple secured a partial victory when U.S. District Judge Analisa Torres ruled that XRP sales on public exchanges did not constitute unregistered securities offerings.
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Oregon Attorney General Dan Rayfield sued Coinbase, alleging it offered XRP and 30 other crypto tokens as unregistered securities in violation of state law.
6637 - News
The futures contracts are regulated by the US CFTC and add to a growing list of crypto derivatives products available for retail and institutional investors.
6228 - News
HashKey Capital has launched Asia’s first XRP Tracker Fund with early investment from Ripple, aiming to convert it into an ETF.
3787 - News
The Ripple-owned Hidden Road is now a Financial Industry Regulatory Authority member, which expands its broker-dealer capabilities.
4775 - Video
As XRP outpaces most altcoins against Bitcoin, a new Cointelegraph video explores what is driving its price action and whether the momentum can last.
5864 - News
The case in the Second Circuit is still winding down despite both parties seemingly agreeing to drop the matter.
6954 - Altcoin Watch
XRP price is down 4% today, and continued rejection from a resistance level at $2.17 suggests that a deeper correction toward $1.60 is increasingly likely.
899 - Newsletter
Elsewhere, an industry panel told Cointelegraph that the crypto bull market probably hasn't even started yet.
4332 - News
The SEC and Ripple have paused XRP lawsuit appeals amid ongoing settlement talks and speculation that incoming SEC chair Paul Atkins may drop the case.
17441 - Market Analysis
A majority of XRP supply is in profit, but rising sell pressure at Upbit could be a sign that a growing number of investors are turning bearish.
8182 - News
Following the acquisition, the XRP Ledger could become a major venue for tokenized real-world assets, said David Schwartz.
15503 - News
Ripple is acquiring Hidden Road in a $1.25 billion deal to become the world’s largest non-bank prime broker and expand its stablecoin and XRP services.
5618 - News
Asset manager Teucrium will launch a 2x leveraged XRP ETF on NYSE Arca on April 8 under the ticker XXRP.
10405 - Altcoin Watch
XRP on-chain data highlights distribution activity among whales, which may weigh down the altcoin’s price in the short term.
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