XRP's price has gained over 11.50% in the past 24 hours amid large withdrawals from crypto exchanges.
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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XRP’s price is trailing the broader crypto market’s gains, but fractal analysis suggests it may soon gather upward momentum.
11032The Securities and Exchange Commission has requested an extension to the deadline to file remedies-related discovery documents submitted by Ripple.
23460The partnership between Ripple and Axelar is part of a strategic move into tokenizing real-world assets.
7818Ladan Stewart was one of the attorneys of record in the SEC’s enforcement action against Ripple but withdrew from the case in January.
1958Ripple CEO Brad Garlinghouse said that “it only makes sense” to have different ETFs, as investors would want to diversify their risks.
4560Jupiter Asset Management’s compliance department reportedly flagged and then canceled the Ripple XRP ETP purchase, resulting in a minor loss.
31068This week’s headlines include Franklin Templeton’s entry into the Ether ETF race, Ripple’s new custody deal, Bakkt’s sale of securities and CoinShares’ Q4 earnings.
8298Deaton is “taking a serious look” at the upcoming election in the state of Massachusetts.
7410Ripple bought Swiss custody provider Metaco last year, but Standard has a New York BitLicense.
9049Ripple purchased blockchain firm Metaco in May 2023 for $250 million as part of efforts to expand its custody services.
24426Ripple president Monica Long predicts a shift from speculative hype cycles to a new crypto era marked by on-chain compliance.
12267Broader market uptrends and Solana's network outage have triggered this week’s rise in ADA price.
1642Blockchain auditing firm Hacken claims to have found an XRP-affiliated wallet predating the recent $112.5 million exploit on Ripple co-founder and chairman Chris Larsen’s personal wallets.
6199XRP traders are piling into leverage longs positions despite the recent negative news about XRP and Ripple.
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