Ripple Purchases $8.4B XRP From Secondary Markets Since SEC Lawsuit
Despite XRP’s lower price, Ripple has continued to commit billions of dollars to purchase the cryptocurrency asset from the secondary market. According to data shared by Blockworks, Ripple Labs has spent nearly 75% of the revenue generated from the sale of XRP on buying the tokens back from secondary markets.
Deaton Distances Himself From XRP Buyback Proposal
Attorney John E. Deaton has made it clear that he has no involvement with Jimmy Vallee’s XRP buyback proposal, asserting that he will not accept money for his efforts in the Ripple and LBRY cases.
Ripple’s On-Demand Liquidity Soars to Record Highs As XRP Army Eager to Receive Verdict on SEC Lawsuit
Approximately $18 billion worth of transactions were processed through Ripple’s On-demand-Liquidity in 2022, making up for 60% of the nearly $30 billion in volume transacted on the network since RippleNet was launched.
LBRY Calls On Coinbase to Relist XRP in Line with Latest Verdict: Details
The second ruling in the LBRY Credits (LBC) lawsuit from the New Hampshire district court Judge further portrays that XRP and other altcoins are not securities as contended by the United States Securities and Exchange Commission (SEC).
Calls for Coinbase to Relist XRP Surges As Exchange Wins Major Legal Battle
XRP community continues to call on Coinbase to relist XRP.
Ripple Locks 600M XRP in Escrow, as Whales Move 612M XRP
According to data from Whale Alert, a cryptocurrency whale tracking service, Ripple locked 600M XRP tokens worth $246.6M in its escrow wallet. It bears mentioning that Ripple first moved the funds from two of its wallets to the escrow wallet before locking them in escrow.
XRPL Labs Developing Hooks Sidechain with XRP as Native Currency
Developers believe Hooks will soon be ready for real-life applications.
Ripple Sold $226M Worth of XRP in Q4 2022, Latest Quarterly Report Reveals
Ripple bought back more XRP in Q4 2022 than in Q3 leading to reduced XRP sales net of purchases.
Big Banks Eyeing Ripple Court Case as XRP Price Holds Onto Gains
Ripple investors and XRP holders are not the only ones with a keen eye on the ongoing battle with the U.S. Securities and Exchange Commission. Big banks are also taking a keen interest.
Ripple Lands New Country For A Stablecoin Pilot Project
In a piece of news that went undetected within the crypto community for a few days, the Southeastern European country of Montenegro has announced a partnership with Ripple. The country’s prime minister, Dr. Dritan Abazović tweeted about the pilot project with Ripple already on January 18, 2023.
