Kotak Mahindra Bank's E-Rupee Project: Is Ripple Technology Involved?
June 25 (Cointime) - Despite the SEC lawsuit affecting XRP's growth, Ripple's software products are still making an impact on the digital assets market. Ripple's CBDC platform is being developed with several central banks globally, and Indian banks have been rolling out the pilot of the Digital Rupee e₹ project. Kotak Mahindra Bank joined RippleNet in 2018 to work on cross-border transactions, and it is speculated that the same Ripple technology is powering the bank's new E-Rupee project. However, it is likely that only Ripple's tech products are involved in the project and not the XRP token.
XRP Lawsuit Summary Judgment Expected to Provide Clarity on "Security" Categorization as XRP Holders Raise Concerns
June 24 (Cointime) - The Summary Judgment in the ongoing legal battle between the SEC and Ripple is expected to bring clarity to the categorization of XRP as a security. However, concerns have been raised by XRP holders regarding the nature of XRP during various stages of sales. One XRP holder stated that they invested in XRP due to their knowledge of Ripple, and that their first purchase was made after reading an article about potential bank usage. XRP holders' lawyer, John Deaton, clarified that if Ripple had direct contact with the buyer and sold them XRP, then there is a valid argument for XRP satisfying the prongs of the Howey test.
XRP Price Surge Backed by Legal Battle and Global Expansion: Outperforming Bitcoin and Ethereum
June 23 (Cointime) - XRP, Ripple's native cryptocurrency, is experiencing a surge in price due to positive sentiments from the ongoing legal battle with the SEC and Ripple's global expansion. Despite a recent correction, XRP has outperformed Bitcoin and Ethereum in the last 90 days, with a 45% increase year-to-date. Ripple is also supporting the launch of Central Bank Digital Currencies, including the Central Bank of Montenegro and the Central Bank of Brazil's plan to launch a CBDC in 2024.
Pro-XRP Lawyer Comments on Ripple's In-Principle Approval in Singapore and Lack of Price Reaction
June 23 (Cointime) - Pro-XRP lawyer John E. Deaton has commented on Ripple's recent In-Principle approval from the Monetary Authority of Singapore (MAS), stating that the news is significant given that fewer than 20 companies have received such a license. However, Deaton noted that the price of XRP did not react to the news, despite the fact that it will be utilized as part of Ripple's license.
XRP Bulls Hopeful of Another Move Toward $0.56 Local High as Crypto Markets Take a Bullish Turn
June 23 (Cointime) - XRP has seen recent price gains but buying pressure remains subdued. Bitcoin climbed past $30k and the ETF buzz saw crypto markets take a bullish turn. XRP has breached a zone of resistance at the $0.5 mark and the USDT Dominance has fallen.
Coinbase Launches Legal Offensive Against SEC Months Before Lawsuit
June 21 (Cointime) - Coinbase, which is currently being sued by the SEC over the classification of XRP as a security, had already launched a legal offensive by filing amicus briefs in two other crypto-related lawsuits brought by the regulator.
Genfinity Offers Chance to Win $100 in XRP Ahead of Chainfinity Event
June 21 (Cointime) - Genfinity, a digital media educational resource focused on web3, is offering users the chance to win $100 worth of XRP as part of preparations for its upcoming Chainfinity event. The giveaway is sponsored by SpendTheBits, an XRPL-based payment platform for Bitcoin and other crypto assets.
XRP Emerges as Leading Platform for Central Bank Digital Currencies, According to IMF Report
June 20 (Cointime) - According to a report by the IMF, XRP is emerging as the leading platform for Central Bank Digital Currencies (CBDCs). The report explores three models for CBDC platforms, with XRP's design as a private settlement asset and marketplace providing compelling advantages.
Top Crypto Author Defends XRP Against Bitcoin Maxi’s Criticism, Counters Zombie Coin Accusations
June 20 (Cointime) - Panos Mekras engaged in a Twitter argument with a Bitcoin maximalist who criticized XRP for being centralized and irrelevant. Mekras defended XRP's legitimacy and adoption, pointing to its extensive use in various projects and the decentralized nature of its public blockchains.
Cryptocurrency Lawyer Argues XRP Secondary Market Transactions Are Not Securities Based on Existing Case Law
June 20 (Cointime) - According to cryptocurrency advocate and lawyer John Deaton, XRP secondary market transactions do not qualify as securities. Deaton's statement was in response to a tweet by former SEC director Marc Fagel, who suggested that the question of whether secondary market transactions require Howey analysis is still open.
