Ripple Legal Chief Countered SEC Allegations: No Victims to Compensate

June 17, 2024 Bitcoin.com

bitcoin.com

Ripple’s chief legal officer has countered the U.S. Securities and Exchange Commission (SEC)’s allegations following the crypto firm’s proposal to limit its penalty to no more than $10 million. The legal chief highlighted that the SEC is “raging” and emphasized that, unlike the Terraform Labs case, there are no victims to compensate in Ripple’s case. […]

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SEC Now Demands $102.6 Million Penalty From Ripple in XRP Case

June 16, 2024 Bitcoin.com

SEC Now Demands 2.6 Million Penalty From Ripple in XRP Case

bitcoin.com

The U.S. Securities and Exchange Commission (SEC) is now pursuing a $102.6 million penalty from Ripple, a substantial reduction from the nearly $2 billion originally sought. Ripple recently proposed a $10 million penalty, citing the Terraform Labs settlement as justification. However, the SEC countered that such a low penalty “would not satisfy the purposes of […]

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Ripple Cites New Terraform Labs Settlement in a Bid To Convince the Court To Lower the SEC’s Civil Penalty

June 15, 2024 The Daily Hodl

Daily Hodl

Ripple is pointing to the recent Terraform Labs settlement in a bid to reduce their own penalty from the U.S. Securities and Exchange Commission (SEC). Earlier this week, the SEC reached a $4.47 billion settlement with Terraform Labs after the stablecoin firm was found liable for defrauding investors of $40 billion in the 2022 TerraUSD […]

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SEC slashes Ripple penalty to $102 million

June 15, 2024 The Crypto Briefing

Crypto Briefing

The SEC has cut its settlement demand for Ripple from $2B to $102.6M, following legal debates and comparisons to similar financial cases.

The post SEC slashes Ripple penalty to $102 million appeared first on Crypto Briefing.

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Crypto Biz: Riot Platforms and Bitfarms dispute escalates

June 14, 2024 Coin Telegraph

Bitcoin mining

This week’s Crypto Biz explores the corporate battle between Riot Platforms and Bitfarms, Tether’s $1 billion budget for startups, Ripple Labs’ new custodian deal, and more.

The corporate dispute between crypto miners Riot Platforms and Bitfarms has recently intensified.

On June 11, Riot Platforms disclosed a significant increase in its stake in Bitfarms, acquiring roughly six million shares worth over $111 million and bringing its total holding from 9.25% to 13.1%.

The move came just a day after Bitfarms suggested a “poison pill” defense strategy to prevent Riot from increasing its stake to 15% or more. The defense mechanism is designed to dilute the value of shares and hinder Riot’s takeover plans.

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Ripple CEO Brad Garlinghouse Says This Is What the Crypto Industry Needs To Focus on To Drive Mass Adoption

June 14, 2024 The Daily Hodl

Blockchain

The CEO of Ripple Labs says that in order for the crypto industry to drive mass adoption it needs to focus on one key aspect. In a new interview at the XRP Ledger Apex 2024 event, Ripple Labs head Brad Garlinghouse says that for the crypto industry to grow exponentially real use cases need to […]

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Ripple and Archax Extend Collaboration to Boost Real-World Asset Tokenization on XRP Ledger

June 13, 2024 Bitcoin.com

bitcoin.com

Ripple, a leading enterprise in blockchain and crypto solutions, and Archax, the UK’s first regulated digital asset exchange, have announced an extension to their existing collaboration on June 13, 2024. This partnership aims to bring hundreds of millions of dollars of tokenized real-world assets onto the XRP Ledger over the next year, positioning the XRPL […]

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Ripple to launch RLUSD stablecoin on Ethereum and XRPL this year

June 12, 2024 The Crypto Briefing

Brad Garlinghouse

Ripple is set to introduce RLUSD, a stablecoin backed by the US dollar, on Ethereum and XRPL. Brad Garlinghouse called it "Real USD."

The post Ripple to launch RLUSD stablecoin on Ethereum and XRPL this year appeared first on Crypto Briefing.

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Ripple Introduces XRPL EVM Sidechain: Bringing Ethereum Virtual Machine Compatibility to XRP Ledger

June 12, 2024 Bitcoin.com

bitcoin.com

Ripple has announced the development of a new product, the XRPL EVM Sidechain, which will bring Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger (XRPL). This move is expected to unlock new opportunities in decentralized finance (defi) and real-world asset (RWA) tokenization. The sidechain will connect to the XRPL mainnet using a bridge, with […]

2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Ripple CEO Unveils New Stablecoin Name at XRP Ledger Community Summit

June 12, 2024 Bitcoin.com

bitcoin.com

In a significant announcement at the XRP Ledger Community Summit (#XRPL Apex) held in Amsterdam from 11-13 June 2024, Brad Garlinghouse, the CEO of Ripple, unveiled the name of Ripple’s new stablecoin – $RLUSD. Garlinghouse expressed his fondness for the name, stating, “I like to call it Real USD… Ripple USD”. This development marks a […]

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