News
3iQ’s new XRP ETF, backed by Ripple, begins trading on the Toronto Stock Exchange with zero management fees for the first six months.
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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.
- Altcoin Watch
Bullish fractals from 2017 suggest XRP could rally toward $3.70–$10, with some projections pointing to a breakout as high as $25 or more.
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XRP price is up 2% on June 16, with the hopes that the Ripple-SEC lawsuit could ultimately be finalized and positive sentiment backing hopes for a falling wedge breakout.
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The lawsuit against Ripple, filed by the United States Securities and Exchange Commission in December 2020, is finally wrapping up.
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Mark Zuckerberg bets $15 billion on an AI company as stablecoins win over Fortune 500 companies.
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Circle's USDC has a market capitalization of over $61 billion, making it the second-largest stablecoin, second to Tether's USDt.
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Guggenheim’s Treasury-backed fixed-income product will be available on the XRP Ledger.
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The funds are on top of the $25 million that Ripple committed last month to education nonprofit organizations in the US.
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Ripple’s RLUSD stablecoin will support the Dubai Land Department’s blockchain initiative to tokenize real estate title deeds on the XRP Ledger.
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Hidden Road’s clients in the US can now trade cash-settled OTC swaps across major crypto assets, marking one of the first product launches following its acquisition by Ripple.
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Ripple argued in a letter to the SEC that fungible cryptocurrencies are not securities in secondary transactions.
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Chart patterns and onchain trends align to suggest a 25% downside risk for XRP price in the near term.
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An increase in leverage use and favorable regulatory changes could trigger an XRP rally to $3.50 and above.
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Bloomberg ETF analyst James Seyffart thinks the SEC is more likely to first approve a Litecoin ETF amid the raft of crypto funding filings the agency is currently considering.
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Circle is reportedly seeking a sale price of at least $5 billion, which would be around the amount it’s targeting for its IPO.
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