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 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)

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%.

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.

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 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.

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.

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.

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.

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.

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.

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)

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.

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>

According to Whale Alert monitoring, 50,000,000 XRP (approximately $27,602,730) was transferred from Crypto.com to an unknown wallet.

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.

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 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.&nbsp;

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.

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.