Ripple has announced a major achievement in the XRP ecosystem as the cryptocurrency has been officially approved for use within Dubai’s financial ecosystem by the Dubai Financial Services Authority (DFSA). XRP Gets Greenlight in DIFC Ripple revealed in an X (formerly Twitter) post on Thursday that XRP, the native token of the Ripple network has
XRP
In a recent video analysis, crypto pundit Lewis Jackson highlighted several indicators that Ripple is gearing up for an Initial Public Offering (IPO). Jackson dissected the company’s recent hiring trends, strategic growth moves, and regulatory battles as preparatory steps toward going public. Biggest Signs That Ripple Prepares An IPO Jackson emphasized the significant uptick in
John Deaton, a crypto and pro-Ripple lawyer, thinks there is “no way Ripple,” the blockchain company whose two key executives were sued by the United States Securities and Exchange Commission (SEC), will abandon XRP, the native currency of the XRPL. Based on Deaton’s assessment, Ripple has a “fiduciary duty” not to dump the coin regardless of
Ripple CLO Stuart Alderoty, has voiced worries about the US SEC’s recent track record of failed legal battles against cryptocurrency companies as many crypto community members seem to doubt the regulatory body’s core mission of protecting investors. Ripple CLO Speaks On SEC’s String Of Losses Stuart Alderoty, Chief Legal Officer of Ripple, a leading provider
In a recent development, Ripple has been selected by the National Bank of Georgia (NBG) as the official technology partner for its Digital Lari (GEL) pilot project. The collaboration aims to explore the potential benefits and use cases of Ripple’s Central Bank Digital Currency (CBDC) platform for the public sector, businesses, and retail users. Ripple’s
In another regulatory win for Ripple, the company made a significant announcement regarding the approval of XRP by the Dubai Financial Services Authority (DFSA), which will allow licensed virtual asset firms in the Dubai International Financial Centre (DIFC) to integrate XRP into their virtual asset services. XRP Integration Authorized Per the announcement, Dubai has demonstrated
Visa completes Hong Kong digital currency trial with HSBC and Hang Seng Hong Kong is one step closer to a central bank digital currency (CBDC) with the release of its successful phase 1 results in collaboration with Visa, HSBC and Hang Seng Bank. According to a Nov. 1 announcement, Visa said that it achieved “near
Ripple recently released its Q3 2023 XRP Markets Report as part of the company’s efforts to provide transparency and updates on “key industry developments and crypto markets movements.” The report also highlighted some of the impressive strides the company made in the third quarter of this year. How The Crypto Market Fared in Q3 2023
Ether (ETH) price has declined by 14.7% since its peak at $2,120 on April 16, 2023. However, two derivatives metrics indicate that investors have not felt this bullish in over a year. This discrepancy warrants an investigation into whether the recent optimism is a broader response to Bitcoin (BTC) breaking above $34,000 on Oct. 24.
Bitcoin (BTC) price climbed by 15% last week and 10.45% the week before. The S&P 500 Index dropped 2.53% last week and 2.39% the week before. This shows that Bitcoin has decoupled from the S&P 500 Index in the short term and may chart its own course. However, the path higher may not be easy.
As Ripple Swell 2023 approaches, scheduled for November 8-9 in Dubai, the XRP community is abuzz with predictions and speculations. This annual event, a nexus for the brightest minds across crypto, blockchain, payments, and economic policy, is expected to be particularly significant this year, with several key announcements on the horizon. Renowned XRP community member
Ripple’s CEO Brad Garlinghouse didn’t hold back when he hit out at the former Securities and Exchange Commission (SEC) Chair Jay Clayton following the latter’s recent interview where he spoke on the current regulatory landscape and alluded to the SEC’s abuse of power. Why Ripple CEO Lashed Out At Clayton In response to an interview
The Chainlink’s (LINK) token surged by a substantial 61.3% from Oct. 20 to Oct. 25, reaching a peak of $11.78 and marking its highest point since May 2022. LINK price then stabilized around $10.50, prompting investors to question the sustainability of this new price level. Chainlink (LINK) token price, 12-hour, USD. Source: TradingView It’s worth
Amidst the elongated legal battle between the United States Securities and Exchange Commission (SEC) and Ripple, pro-XRP Legal Expert James K. Filan has revealed the next important date in the case that will determine the next phase of the legal battle. New Date To Determine The Next Phase The pro-XRP legal expert recently notified the
Like many other crypto companies, Ripple has important dates and events that carry the possibility of triggering a bullish momentum for the XRP token. This is why some dates are more important than others and the most recent of these to emerge is the November 8-9 dates. What Is Ripple Doing On November 8-9? In
Rumors of a Ripple IPO have been swirling the crypto community for quite some time now and industry leaders are beginning to join in on the conversation. The latest comments come from Lint’s Community Director Ray Fuentes, who believes an Initial Public Offering (IPO) could be on the way. Ripple IPO Might Happen In 2024
More than $280 billion has been wiped from the “magnificent seven” tech stocks following the release of several earnings reports on Oct. 25, triggering fears of a looming tech recession. The so-called “magnificent seven” refers to the top seven blue-chip tech firms including Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia, and Tesla — who combine to
In the ongoing legal case between the US Securities and Exchange Commission (SEC) and Ripple Labs, Inc., the latest document filed in court brings a new direction to the procedural conduct of the case. Judge Analisa Torres, presiding over the case in the Southern District of New York, has recently issued an order granting the
On Monday, October 23, 2023, US District Judge Analisa Torres signed an order that formally dismissed the US Securities and Exchange Commission’s (SEC) case against Ripple executives Brad Garlinghouse and Chris Larsen. With this landmark order, the claims levied by the SEC against these Ripple figures are terminated in their entirety, marked with prejudice, ensuring
John E Deaton, a prominent lawyer known for representing XRP holders and vocalizing his criticisms of Jay Clayton’s tenure as the SEC Chairman, recently took to Twitter to highlight what he believes to be glaring conflicts of interest surrounding the SEC’s enforcement action against Ripple, its CEO Brad Garlinghouse, and co-founder Chris Larsen. Deaton tweeted,
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