In a recent interview with Bloomberg Television, Chris Larsen, the co-founder and executive chairman of Ripple Labs, expressed his views on the regulatory environment in the United States and its impact on the blockchain industry. Larsen claimed that San Francisco, once poised to be the “blockchain capital of the world,” lost its status due to
XRP
A court ruling that cleared Ripple’s XRP token of being considered a security offering might signal a turn in the tide against regulatory scrutiny of the cryptocurrency ecosystem in the United States and current lawsuits involving the likes of Coinbase and Binance.US and pending ETF applications. Speaking exclusively to Cointelegraph during the company’s annual Apex developer
In a surprising turn of events, Jay Hunter Anson, the Digital Residency Office Director at the Palau Ministry of Finance, announced the cessation of the Ripple based Palau Stablecoin (PSC) pilot program. The announcement came via Twitter, where Anson stated, “On Friday we will cease distribution of the Palau Stablecoin. For those with PSC still
SBI Remit Co., Ltd., a key player in the international money transfer service sector under the SBI Group umbrella, has announced a significant expansion in its partnership with Ripple and SBI Ripple Asia. This collaboration will see the introduction of international remittance services using the cryptocurrency XRP as bridge currency to bank accounts in the
In a legal battle that has recently come to light on September 4, Ripple Labs Singapore, the Singapore arm of Ripple Inc., has taken legal action against GCC Exchange, a well-known foreign exchange and money transfer app provider. The lawsuit stems from alleged non-payment issues concerning the transfer of XRP liquidity injected by Ripple’s Singapore-based
In August, the Securities and Exchange Commission (SEC) filed an interlocutory appeal against Judge Torres’ ruling in favor of Ripple Labs. In response, the crypto firm has now filed its reply in opposition to the SEC’s request for an appeal. Ripple And Its Executives Object To Appeal According to the court filing dated September 1,
Crypto betting platform Stake has reopened deposits and withdrawals and resumed services for users only five hours after the platform was hacked to the tune of $41.3 million, blockchain security firms estimate. Stake confirmed that all services resumed at 9:28pm UTC time on Sept. 4 — a few hours after the platform confirmed that several
Ripple’s strategic direction with the XRP token has historically always been a subject of intense scrutiny and discussion. Recent developments suggest a potential pivot in Ripple’s long-term vision for XRP. Historically, the company’s ambition for XRP was grand. Statements from six years ago, recently unearthed by the XRP community, reveal Ripple’s aspiration to position XRP
The total number of wallets on Shiba Inu’s newly launched layer-2 blockchain, the Shibarium network, has surpassed the 1 million mark in a meteoric rise since its relaunch. The milestone — announced in a Sept. 3 blog post by the official Shibarium team — means there were at least 900,000 wallets added since Shibarium’s relaunch
In its latest court filing, the legal team representing Ripple Labs – the company behind the XRP token – argued that the United States Securities and Exchange Commission (SEC) doesn’t have the grounds to request an appeal. This comes as the SEC looks to dispute Ripple’s partial victory after Judge Annalisa Torres ruled – in
In a bid to bolster trust and safety, Ripple’s developer arm, RippleX, has proposed a significant amendment to the XRP Ledger (XRPL). The feature, aptly named “Clawback,” is designed to provide issuers with enhanced control over their distributed assets, addressing both regulatory requirements and unforeseen challenges. Understanding The Clawback Feature By Ripple Shawn Xie, representing
The biggest new memecoin of 2023, Pepe (PEPE) suffered one of the worst possible fates that can befall a new crypto asset; a partial rug pull — after its anonymous developers abruptly sold nearly $16 million worth of the token on Aug. 24. The official Pepe X (formerly known as Twitter) account explained the drop
In an academic paper, researchers from the University of Luxembourg have unveiled a novel approach to enhance the communication efficiency of Ripple’s XRP Ledger. The research, supported by the Luxembourg National Research Fund and Ripple’s University Blockchain Research Initiative (UBRI), delves into the intricacies of Named Data Networking (NDN) as an overlay to optimize the
On the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory against the United States Securities and Exchange Commission. Even though there’s still no decision regarding the firm’s application for a spot Bitcoin (BTC) exchange-traded fund, the decision was favorable for Grayscale and its Grayscale Bitcoin Trust, which has over $16
In a recent revelation, Wrathof Kahmeman, a prominent figure in the XRP community, highlighted an intriguing development concerning Ripple Labs’s UBRI initiative on Twitter. He shared, “Interesting resume from the University of Waterloo touting recent CBDC research based on the XRPL. Notes they prototyped a banking interface to be presented at UBRI Connect 2023! Lots
Leila Ismailova began her professional career at the age of 15 as a broadcasting star in Belarus, the Russian-neighboring Eastern European country that plays home to 9.3 million citizens. She continued in the role for 10 years, she says, before reaching what she felt was a “professional ceiling” and beginning a journey that led to
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