Ripple partners with African payments fintech Onafriq to expand remittance reach
Ripple has partnered with African payment fintech company Onafriq to expand its remittance capabilities in Africa and its borders with Gulf countries, the UK, and Australia. Additionally, at Ripple's annual conference Swell, Ripple announced product enhancements and license updates, including a focus on payments between enterprises and small businesses.
Ripple has partnered with Kuwait’s first sharia bank to launch real-time cross-border payment services
Ripple has announced a partnership with Kuwait Finance House, the first Islamic law bank in Kuwait, to launch real-time cross-border payment services. Previously, the Dubai Financial Services Authority (DFSA) approved the use of XRP within the Dubai International Financial Center (DIFC). (Cryptopotato)
XRP breaks through 0.7 USDT, rising 8.83% in 24 hours
According to market data, XRP has broken through 0.7 USDT and is currently trading at 0.7024 USDT, with a 24-hour increase of 8.83%.
Crypto lawyer says $20M settlement is 99.9% win for Ripple
Deaton strongly refuted the idea that the lawsuit’s result was an even 50/50 outcome for the SEC, claiming that it’s closer to a 90/10 advantage in favor of Ripple.
Cryptocurrency Attorney John E. Deaton Believes $20 Million Settlement Would Be a Significant Victory for Ripple in SEC Lawsuit
John E. Deaton, a prominent cryptocurrency attorney, believes that a settlement of $20 million or less in the Ripple Labs XRP lawsuit against the SEC would be a significant legal victory for the company. Deaton refuted the idea that the lawsuit's outcome was a 50-50 result for the SEC, stating that it leaned closer to a 90-10 advantage in favor of Ripple. This viewpoint is shared by the cryptocurrency community, which sees the suggested settlement as a positive resolution considering the potential consequences of the XRP lawsuit and the broader regulatory environment for digital currencies. Ripple's Chief Legal Officer, Stuart Alderoty, also highlighted another legal setback for the SEC in a recent post.
Ripple to Partner with Georgia's Central Bank for CBDC Pilot Program
Ripple Labs has announced a collaboration with the National Bank of Georgia (NGB) to develop the country's first central bank digital currency (CBDC) pilot programme. The NGB has chosen Ripple to support its digital Lari (GEL) pilot project, which will test the practical use cases of CBDC technology and evaluate potential benefits for the public sector, businesses and retail users. Ripple's CBDC platform, launched in May, aims to demonstrate the ability to "seamlessly mint, manage, transact and redeem CBDCs" to financial institutions and governments. The NGB selected Ripple as its single technology partner after a rigorous selection process involving nine shortlisted companies.
XRP Lawyer Accuses SBF’s Father Joseph Bankman of Fraud
According to CoinGape, on November 3rd, XRP lawyer John Deaton stated that SBF's father Joseph Bankman is also suspected of fraud. Deaton stated that Joseph Bankman had previously demanded a high salary from SBF. In September 2023, FTX led by John J. Ray III filed a lawsuit against SBF's parents Joseph Bankman and Barbara Fried, accusing them of millions of dollars in fraudulent transfers and misappropriation of funds.
XRP lawyer files fraud charges against SBF’s father
In the context of FTX founder SBF being convicted of criminal charges, XRP lawyer John Deaton raised the issue of the founder's father's involvement in improper behavior that led to the collapse of a cryptocurrency exchange in November 2022. Deaton stated that it is well known that FTX founder's father Joseph Bankman is also facing fraud charges. When asked if his parents were involved in the case, Deaton recalled the email investigation results where Joseph Bankman sought higher salaries for his son.
National Bank of Georgia selects Ripple as technology partner for Digital Lari CBDC pilot
The National Bank of Georgia has chosen Ripple Labs Inc as its official technology partner for its Central Bank Digital Currency (CBDC) project, Digital Lari. Ripple's CBDC platform will be used to execute and deliver the Digital Lari pilot program, which will assess potential use cases for the CBDC. Ripple was selected after a rigorous selection process that shortlisted nine companies based on technological potential, maturity, capacity, relevant experience, and desire to join the project. Ripple has previously collaborated with other entities exploring CBDC implementation, such as Colombia's Central Bank.
Ripple legal director: SEC action 'deviates from commitment to upholding the law'
On November 2nd, Stuart Alderoty, Ripple's Chief Legal Officer, expressed reservations about the series of legal failures that the SEC suffered during Gary Gensler's tenure. Stuart stated that "another court found the SEC to be arbitrary and capricious once again" and expressed concern about the SEC's repeated arbitrary and capricious actions in court cases.
Previously, in July 2023, the SEC lost a lawsuit against Ripple over XRP in the Fifth Circuit Court of Appeals.
900 million XRP unlocked from Ripple’s escrow
Whale Alert has monitored that around 900,000,000 XRP (worth $539,038,928) were unlocked from Ripple's custody at around 8:00 am Beijing time.
NFT minting volume on XRP Ledger chain exceeds 3 million
According to data from Bithomp, a blockchain data analysis platform, the number of NFTs minted on the XRP Ledger has exceeded 3 million. As of now, there are 3,340,903 NFTs minted using the XLS-20 standard, with over 30,000 NFT holders on the XRP Ledger platform and nearly 6,000 issuers. The number of NFT transfers has exceeded 1.4 million. Earlier reports stated that in October 2022, XRP Ledger will adopt the XLS-20 NFT standard and be included in the core protocol. (U.today)
25,300,000 XRP transferred to Bitstamp
According to Whale Alert monitoring data, At 05:47 today Beijing time, 25,300,000 XRP (worth about $14,685,518) was transferred from an unknown wallet to Bitstamp.
Ripple Lianchuang Jed McCaleb's cloud computing organization has purchased approximately US$500 million in Nvidia chips to build an AI chip cluster
On October 30th, Voltage Park, an artificial intelligence cloud computing organization, announced that it has purchased Nvidia chips worth about $500 million. Currently, the company has 24,000 Nvidia H100 chips and plans to establish an Nvidia artificial intelligence chip cluster within the United States. <br>
50 million XRP transferred from Crypto.com to unknown wallet
According to Whale Alert monitoring, 50,000,000 XRP (approximately $27,602,730) was transferred from Crypto.com to an unknown wallet.
26.7 million XRP transferred to Bitstamp
Whale Alert has monitored that at around 06:02 today Beijing time, 26,700,000 XRP (valued at about $14,829,710) was transferred from an unknown wallet to Bitstamp.
XRP Lawyer John Deaton Gears Up for Oral Arguments in Coinbase Lawsuit Against SEC
John Deaton, the attorney representing 75,000 XRP holders in the Ripple lawsuit against the SEC, is preparing for oral arguments on January 17, 2024, when Coinbase's motion for judgment will be heard. The motion argues that the transactions in question do not qualify as investment contracts and that staking services do not involve the investment of money. Deaton had invited interested customers to join an amicus curiae, and 5,000 users have joined the list. Coinbase has sought a legislative approach to end the SEC's enforcement-only approach.
Ripple: Will announce the test results of the eHKD pilot program with Fubon Bank. Hong Kong does not yet have its applicable license to apply for
Ripple Labs and Fubon Bank have tested their digital Hong Kong dollar (eHKD) pilot program, with results to be announced during Fintech Week. Rahul Advani, Ripple's Director of Public Policy for the Asia-Pacific region, stated that there are currently no licenses available in the Hong Kong market that would allow for Ripple's business to be applied. Brooks Entwistle, Ripple's Senior Vice President and General Manager, added that Ripple will explore more use cases in compliance with regulations.
Crypto recovery firm proposes to hack Ripple’s former CTO’s $244 million Bitcoin hard drive
Cryptocurrency recovery company Unciphered has proposed unlocking an IronKey hard drive belonging to Ripple's former CTO Stefan Thomas, which contains 7,002 BTC (approximately $244 million at the time of publication). The former chief technology officer of Ripple forgot the information to access the drive, which is designed to erase its data after ten incorrect password attempts. Eight attempts have been completed so far, with two remaining chances.
Two Whales Transferred Nearly 500 Million XRP, of Which 26.5 Million XRP Was Transferred From Ripple Labs to Bitstamp
According to Whale Alert, in the past 24 hours, two whale addresses have transferred nearly 500 million XRP. The first wallet transferred 412,334,412 XRP tokens, worth about $213 million, while the second wallet transferred 26,500,000 XRP, or $13 million. XRP transfers are sequential, and the 26.5 million XRP in the second transaction was sent by Ripple Labs to the cryptocurrency exchange Bitstamp.
