The SEC’s case against Ripple for selling XRP as unlicensed securities will begin with a pretrial in February 2021. The U.S. District Court of the Southern District of New York has fixed Feb. 22, 2021 as the date for the pretrial of the lawsuit filed by the Securities and Exchange Commission against Ripple Labs and […]
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Ripple issued a statement on Tuesday urging market participants to hear its side of the story amid the ongoing SEC saga. With XRP plunging in value following a wave of exchange delistings and trading suspensions, Ripple Labs issued a statement Tuesday vowing to respond to the United States Securities and Exchange Commission’s allegations against the […]
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MoneyGram sheds light on the nature of its partnership with Ripple. Global money transfer service MoneyGram has clarified the nature of its collaboration with its blockchain partner Ripple following the latter’s recent probe by the U.S. Securities and Exchange Commission. In a press statement issued on Dec. 23, MoneyGram revealed that it has never utilized […]
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The Bitwise 10 Crypto Index Fund has liquidated its XRP holdings. Bitwise Asset Management, one of the largest crypto fund managers, has fully divested from XRP amid the regulatory backlash against Ripple. In an official press release, Bitwise announced Wednesday that its position in XRP has been liquidated because its fund “does not invest in […]
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The commission is alleging Garlinghouse, Larsen and Ripple have participated in an “unregistered, ongoing digital asset securities offering” to investors since 2013. The U.S. Securities and Exchange Commission has taken legal action against Ripple as well as its CEO Brad Garlinghouse and co-founder Christian Larsen. In charges filed today in federal district court in Manhattan, […]
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The D.C.-based think tank doesn’t view XRP in the same light as Bitcoin or Ethereum. In its coming fight against the Securities and Exchange Commission, Ripple won’t see support from some of the mainstays of the crypto lobby. Jerry Brito, the executive director of Coin Center, made it clear on Tuesday that his organization won’t […]
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This seeming fight or flight response to blockchain’s rising ubiquity may be “too little, too late.” SWIFT, the Brussels-based interbank cooperative, has unveiled its first active instant cross-border payment connection — a move that could have major implications for the global payments landscape. The cooperative announced Thursday that U.K.-based Lloyds Banking Group has become the […]
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“I think that the days when folks believed that there’s only going to be Bitcoin, I think, are over,” said Asheesh Birla. In a podcast for Lend Academy recorded Nov. 5, Asheesh Birla called Bitcoin (BTC) a “pretty innovative alternative to gold,” but added that 2020 had shown there was room for a lot of […]
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The CEO thinks his company will be just fine, even in this hypothetical scenario. Ripple CEO Brad Garlinghouse believes his company can still thrive under a hypothetical scenario where XRP is declared a security by U.S. lawmakers. Appearing on episode 439 of the Pomp Podcast, Garlinghouse talked about the implications of XRP being declared a […]
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XRP has almost doubled its value over the past week. Ripple’s XRP is rising in price, but the reasons are not entirely clear. Between 11:00 am and 3:00 pm UTC today, XRP gained approximately 20% in value, based on data from TradingView.com. The asset has rallied about 83% total since Friday and is up roughly 98% […]
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