The move potentially ends a long-running civil enforcement action filed in December 2020. Under the terms of the agreement, the SEC and Ripple will jointly ask the district court to consider dissolving an injunction imposed in an August 2024 judgment and to release funds held in escrow. That escrow account currently holds a $125 million…
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This decision essentially hobbled the SEC’s blanket control over cryptocurrency markets, which many believe need the same regulations as others, such as stocks and forex. The July ruling found that Ripple did not transgress securities laws when it made XRP, its signature cryptocurrency, available on exchanges. On Thursday, Judge Torres gave the SEC until Friday…
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With this in mind, Kitao added: We have been investing in fintech companies, and we adopt that technology in our group, and also we spread that technology across the industry. That is SBI Group’s basic strategy. Ripple CEO Brad Garlinghouse has made previous hints about the potential of a public offering from the firm, yet…
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Ripple’s list of financial institution using RippleNet Cloud includes: Azimo DeeMoney iRemit MoneyGram MoneyMatch Usend / Pontual Viamericas Jacques Zylbergeld, FX Superintendent at Banco Rendimento commented: Migrating our payment infrastructure to RippleNet Cloud allows us to provide our customers with a best-in-class experience. Customers can now enjoy more transparency and easier navigation for both submitting…
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The lead plaintiff Bradley Sostack filed the complaint in the California Court with seven claims against Ripple and Brad Garlinghouse including unregistered offer and sale of securities and fraud claims against the defendants alleging that they made false or misleading statements regarding the virtual currency XRP. The lawsuit alleges that in a few instances the…
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Ripple says the new product manager will oversee how the company can assist customers with working capital loans. He will be responsible for creating the relevant structures for execution of the loan offering, as well as developing the risk capabilities to understand how to price new loan offerings. Working capital loans are usually need by…
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Thai Bank Siam Commercial Bank, or SCB for short, is the oldest bank in Thailand. SCB has now decided to collaborate with Ripple to create a cross-border payments app. The news was announced by Ripple on January 8th. According to the announcement, the mobile app will be called SCB Easy and will run on Ripple's…
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The global Singapore-based cryptocurrency exchange Bitbox announced on 6th of January that it will delist all trading pairs that include XRP. Bitbox has not released the exact reason as to why it is delisting all XRP-based trading pairs, but one thing that markets suggest is that the growing concerns related to the Ripple currency might…
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The new year hasn't even started out yet and there are already massive whale alerts going off in the crypto space. Today, there was a Whale Alert Twitter account that detected a huge amount of XRP released by Ripple to its so-called Funding Wallet 1. The Funding Wallet 1 was created by Ripple's co-founder and…
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Ripple has recently raised $200 million in what is the company's Series C round, reports Tech Crunch. The leading investor in this funding round is Tetragon, followed by Route 66 Ventures and SBI Holdings. Ripple is now valued at around $10 billion. This is what Brad Garlinghouse, the CEO of Ripple stated: We are in…
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