Ripple Files Motion Against SEC Interlocutory Appeal
A document released by Fox Business reporter Eleanor Terrett shows that Ripple has filed a motion opposing the SEC's interim appeal.
Ripple development team proposes major changes to XRP Ledger
Ripple's development team RippleX has proposed a significant modification to the XRP Ledger (XRPL) in order to enhance trust and security. This feature, appropriately named "Clawback", aims to provide issuers with enhanced control over their distributed assets, addressing regulatory requirements and unforeseeable challenges.
Data: Ripple unlocks 200 million XRP
Data shows that at 8:00 a.m. Beijing time today, Ripple unlocked 200,000,000 XRP (worth about $102,149,352).
Ripple is Hiring Compliance Talent, Plans to Expand Services
Ripple is currently recruiting talent and has established a new full-time position: Senior Expert in Global Customer Due Diligence. The position is based in the United States, and the new employee will join Ripple's global anti-money laundering and sanctions compliance team to conduct due diligence and reduce reputation, regulatory, and sanctions risks associated with the company's institutional clients, corporate partners, and trading counterparts.
XRP Price Sees Bulls After Grayscale Victory, as Whale Alert Reports Transfer of 31 Million XRP from Ripple to Unknown Wallet
Whale Alert has reported a transfer of 31 million XRP, worth $16.5 million, from Ripple to an unknown wallet. Another transfer of 27.6 million XRP was made from an unnamed wallet to Bitstamp, a major cryptocurrency exchange. Despite bearish sentiment across the cryptocurrency market, XRP has seen promising price gains within the last 24 hours, trading at $0.5335 with an almost 3% increase, partially due to Grayscale's recent court victory over the SEC. The outcome of the SEC v. Ripple lawsuit will continue to impact XRP's trajectory.
South Korean Prosecutors Will Apply To Add the XRP Judgment of the US Court as Evidence
According to the pre-appeal meeting of Terraform Labs co-founder Daniel Shin at the Seoul Southern District Court, the Korean prosecution plans to apply for the New York Southern District Court's ruling on the virtual currency securities attribute as additional evidence.
Western Union and Ripple Have Reached a Cooperation To Test Run XRP-Based Payment Solutions xRapid
August 28th, Hikmet Ersek, CEO of payment giant Western Union, announced in a recent conference call that they have partnered with blockchain technology company Ripple and will trial the payment solution xRapid that combines the use of XRP.
28,400,000 XRP moved from unknown wallet to Bitstamp
Data shows that at 03:15 on August 28th (Beijing time), 28,400,000 XRP (worth about $14,921,752) was transferred from an unknown wallet to Bitstamp.
Lawyer Urges Former SEC Officials Bill Hinman and Jay Clayton to Testify in SEC v. Ripple Case
According to lawyer John E. Deaton, former SEC officials Bill Hinman and Jay Clayton should have classified XRP as a non-security in the first year of the SEC's lawsuit against Ripple Labs, but the SEC has intentionally denied this for years. Deaton believes that Hinman needs to testify in court, but there is no opportunity to legally summon former SEC Chairman Jay Clayton to participate in the trial. He said that the SEC's assistance and instigation charges against Garlinghouse were a mistake, especially considering that Clayton wanted to sue executives personally in a "non-fraudulent" situation. Deaton added that Clayton is actually an important witness and should testify in court. After Hinman's speech, Clayton met with Ripple's CEO and CTO. However, neither Clayton nor Hinman explicitly stated that XRP was classified as a security. Deaton believes that the clarification from both individuals would undoubtedly save litigation costs.
Cryptocurrency Analyst: XRP Has Resurrected Interest After BRICS Decided to Ditch the Dollar and Adopt an Alternative Payment System
cryptocurrency analyst A Chain of Blocks stated that XRP has regained people's interest after the BRICS countries decided to abandon the US dollar and adopt alternative payment systems. The popularity of BRICS countries has increased due to the severe economic situation in the United States, and now more countries are requesting to join. As of the last summit of the organization, more than 20 countries, including Saudi Arabia and the United Arab Emirates, have expressed interest in becoming members. Most member countries see XRP as a viable global payment option, which can facilitate transactions between member countries.
Mastercard Launches CBDC Partner Program with Ripple, Consensys, and Fireblocks to Learn from Key Players in Digital Currency Space
Mastercard has launched a new program to collaborate with key players in the central bank digital currency (CBDC) space. The global value of CBDCs is expected to grow to over $200 billion by 2030, with most transactions being domestic. Mastercard is teaming up with companies such as Ripple, Consensys, and Fireblocks to learn from each other. The author discusses the potential of electronic cash to provide a platform for new products and services, and Mastercard is working with industry partners to address questions about CBDC issuance, security, privacy, and interoperability.
One address transfers 29 million XRP to Bitstamp
Whale Alert has announced that an address has transferred 29,300,000 XRP worth $15.13 million to the Bitstamp exchange. This information indicates that the address may be selling its XRP assets, as just a few hours earlier it transferred 14 million XRP to Bitso.
XRP Faces Uncertain Future as Court Battle with SEC Continues and Support Levels Tested
XRP has fallen 2.3% to $0.515 and is seeking support and liquidity before attempting to reach $1. The token is currently trading below major moving averages, but is being supported by a multi-month ascending trendline.
Three SEC Attorneys Drop Out of Ripple Case
Pascale Guerrier, Richard Best, and Robert MacDonald Moye, lawyers for the US SEC, have withdrawn from the lawsuit against Ripple. According to court documents, Judge Analisa Torres has approved Pascale Guerrier's motion to withdraw as an SEC lawyer, and the other two lawyers have also filed motions to withdraw from the lawsuit. The US Securities and Exchange Commission has notified the court that Richard Best and Robert MacDonald Moye have withdrawn their lawsuit.
Solana Sees Price Uptick Due to Adoption Developments While XRP Bounces Back Amidst SEC Trial Delay
Solana's smart contracts token has bounced back and is trading at $21.74 with a trading volume of $412 million, possibly due to Solana Pay's adoption developments. The overall crypto market is trending upwards, with Bitcoin reclaiming $26,000. Solana is expected to make a significant recovery, with bulls aiming to push the price towards the psychological resistance of $30 to $32.
Ripple's VP of strategy: Automatic royalties for creators are built into the on-chain design of digital collection features
Emi Yoshikawa, Ripple's Vice President of Strategy and Operations, expressed her views on the preferred protocol for NFT creators in terms of usage fees. The Ripple executive stated that for XRP Ledger (XRPL), the creator's automatic royalty is built into the on-chain design of the digital collection function. With this type of arrangement, creators will not be subject to market fluctuations.
On the other hand, XRPL has an unparalleled level of creator rights protection, promoting a more fair, decentralized, and democratic revenue sharing model in the industry. According to data from the XRPMarket tracker, the recent surge in NFT transactions on XRPL may be driven by NFT creators on the platform who believe in its advantages over OpenSea.
SEC's Approval of Ethereum Futures ETF Suggests Recognition of Ethereum as Non-Security
Crypto analyst Adam Cochran recently highlighted that the US Securities and Exchange Commission (SEC) approving an Ethereum futures exchange-traded fund (ETF) implies the acknowledgment that Ethereum itself is not a security. Cochran argued that the SEC cannot simultaneously argue that ETH is an unregistered "crypto asset security" and approve an ETH Futures ETF.
XRP Plummets as Tesla's Alleged Bitcoin Sell-Off and FOMC Minutes Shake Crypto Markets
The crypto market experienced a sharp decline after rumors circulated that Tesla had sold its $377 million Bitcoin position. Additionally, the Federal Open Market Committee's minutes indicated that interest rates would continue to rise to combat inflation, which further negatively impacted the market.
Crypto Exchange BIT Launches XRP Options Trading
Following Ripple's partial court victory that boosted market interest, cryptocurrency exchange BIT has launched XRP options trading. This move provides advanced tools for XRP investors to manage portfolio risks and speculate on future prices. XRP becomes the sixth asset that can be traded as an options product on the BIT platform, following BTC, ETH, ADA, TON, and LADYS.
Ripple Lawyer: Suing Ripple Executives Will Cost the SEC
According to a report from Jinse Finance, Ripple lawyer John E Deaton strongly criticized the handling of the lawsuit between the US Securities and Exchange Commission (SEC) and Ripple Labs. Deaton's comments were in response to Ripple's recent motion to intervene in the legal battle against the SEC.
Deaton said that suing Ripple CEO Brad Garlinghouse would make the SEC pay a price. The focus of Deaton's criticism is the SEC's choice to charge specific defendants Brad Garlinghouse and Chris Larsen with aiding and abetting in a non-fraud case. Deaton claimed that this approach of increasing the burden of proof was poorly considered and blamed former SEC officials Jay Clayton and Bill Hinman for it. He claimed that this behavior deviated from legal norms.
