XRP

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. Over two weeks after Curve Finance’s multiple pool exploits, the DeFi protocol has assured the hack victims that it is assessing each impacted user for reimbursement. This

The United States Securities and Exchange Commission (SEC) has officially filed a motion to certify an interlocutory appeal in the ongoing legal battle against Ripple Labs and its executives.  The motion, submitted to the court, requests certification for two key holdings in the court’s summary judgment order issued on July 13, 2023.  Legal Showdown With

In the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC), Judge Torres has granted the SEC’s request to file an interlocutory appeal. The decision, based on a review of the parties’ letters dated August 9 and 16, 2023, marks a significant milestone in the case. The SEC’s successful request

The legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) is further unfolding as the latter’s pursuit of an interlocutory appeal becomes a critical nexus of contention. Ripple has filed it’s opposition to the SEC’s anticipated motion for leave to file an interlocutory appeal yesterday. Chief Legal Officer (CLO) Stuart Alderoty

The launch of the Shibarium mainnet — a layer 2 scaling solution for the Ethereum network — appears to have gotten off to a rocky start, at least when it comes to the price of its related tokens.  Many Shiba Inu (SHIB) holders had held out hope for a sharp appreciation of SHIB, Shibarium’s governance

Shiba Inu launched the Shibarium mainnet, an Ethereum layer-2 scaling solution, on Aug. 16 after months of testing that saw millions of users participate and 21 million wallets created. Shibarium is built on a new consensus mechanism called proof-of-participation (PoP), which works by selecting validators in proportion to their quantity of holdings in the associated

In the ongoing legal tussle between the US Securities and Exchange Commission (SEC) and Ripple Labs, a document was filed yesterday. A mysterious non-party, referred to as the “Investment Banker Declarant,” has officially re-entered an appearance through counsel in the case overseen by Judge Analisa Torres. The filing, dated August 15, 2023, in the United

Binance Connect, the regulated buy-and-sell crypto arm of Binance exchange, will shut down on August 16. Cointelegraph confirmed on August 15 via an email with a Binance spokesperson.  The same day, BNB Chain decentralized exchange Biswap tweeted that Binance ”has made a difficult decision to disable Binance Connect on 15 August due to its provider closing the

Top Stories This Week Judge revokes Sam Bankman-Fried’s bail, remands him to custody FTX’s former CEO, Sam “SBF” Bankman-Fried, had his bail revoked by a federal judge in response to the release of information to The New York Times allegedly intended to intimidate witnesses. During a hearing on Aug. 11, Judge Lewis Kaplan revoked Bankman-Fried’s

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has been a focal point for the crypto community, and the recent developments have only intensified the spotlight. The SEC’s request for an interlocutory appeal has stirred a whirlwind of analysis, with legal experts weighing in on the potential outcomes and their

Gemini, the US-based crypto exchange, announced its support for XRP following Ripple’s recent legal breakthrough.  Gemini Enables XRP Deposits Effective immediately, Gemini users can deposit XRP tokens on the platform. This decision comes after a prolonged absence due to the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).  In December

In the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC), the regulator filed an “interlocutory appeal” yesterday, challenging Judge Analisa Torres’ ruling. The appeal letter has sparked a heated debate among legal experts, with some suggesting that the appeal could indirectly challenge XRP’s status as a non-security. The SEC’s appeal,

The legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs seems not to be ending anytime soon, as recent developments suggest that the feud could run into next year.  The SEC Has No Right Ripple’s Chief Legal Officer (CLO) Stuart Alderoty has responded to the SEC’s intention to file an appeal

In the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Federal Judge Analisa Torres has announced that the court intends to schedule a jury trial for the second quarter of 2024.  The decision follows a partial summary judgment and short-term victory for Ripple and XRP holders, handed down by

Ripple’s recent win against the United States Securities and Exchange Commission (SEC) seems to have emboldened crypto firms in the space. As more companies take on the regulator in court, a lawyer has pointed out why XRP’s ruling is important. Ripple Case Ruling a Game-Changer for Crypto Industry A popular Twitter handle, MetaLawMan, has emphasized

The United States Securities and Exchange Commission has filed a letter of intent to request an interlocutory appeal to Judge Analisa Torres’ July 13th summary judgment in its ongoing legal battle against Ripple Labs. In an Aug. 9 letter to Judge Torres, the SEC explained it believed her decision warrants a fresh look by an appellate

Stuart Alderoty, Ripple Labs’s Chief Legal Officer, took to Twitter to voice concerns over potential conflicts of interest involving former SEC official, Bill Hinman. Alderoty tweeted, “Crypto critic/x-SEC official John Reed Stark says there should be an investigation into Bill Hinman. This is broader than Ripple – there could potentially be serious conflicts of interest

Ripple Labs, a leading name in the blockchain industry, has faced significant setbacks over the past few years, mainly due to a drawn-out lawsuit with the US Securities and Exchange Commission (SEC). As discussions and debates surrounding the lawsuit’s impacts on the company’s growth continue, Hugo Philon, CEO of Flare Labs, shared his insights on

Bitcoin (BTC) continues to frustrate traders who have been predicting a breakout on either side but investors should keep a close watch because the longer the time spent inside the range, the stronger is the eventual breakout from it. The July jobs report released on Aug. 4 was a mixed bag, hence it could not

In a recent CNBC interview, Ripple President Monica Long announced the firm’s intentions to re-engage with the US market. This development follows the major court ruling clarifying that XRP, Ripple’s affiliated digital currency, is not considered a security in US. Long expressed her enthusiasm for the clarity the ruling provides. She explained, “It’s been a