Ripple CEO Praises the State of Cryptocurrency Regulation in Brazil

October 19, 2024 Bitcoin.com

bitcoin.com

Brad Garlinghouse, CEO of Ripple, a payments and cryptocurrency service provider, has praised the state of cryptocurrency regulation in Brazil, one of the largest crypto markets in Latam. In an interview with Valor Economico, Garlinghouse highlighted the central bank’s work to make Brazil an enticing destiny for crypto companies. “Brazil is one of the fastest-growing […]

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Crypto events turn to regulation and politics as US election looms

October 19, 2024 Coin Telegraph

Coin Telegraph

Some executives at crypto and blockchain firms have suggested prioritizing US congressional races over the presidential election.

With less than a month until the people of the United States decide who will represent them in the House of Representatives, Senate, and the Presidency, some crypto events seem to be focused on regulation and politics.

Attending the Permissionless III conference in Salt Lake City, Utah, and Ripple Swell in Miami, Florida, in October, Cointelegraph noted that many panels included takes from high-level executives on their predictions for what would happen in the November race between Democrat Kamala Harris and Republican Donald Trump for the US presidency, and what the outcome could mean for the industry in 2025.

Whether the topics of discussion initially focused on regulation or included stablecoins or Bitcoin (BTC) mining, many participants suggested that digital assets had become more of a mainstream issue in US politics in 2024 in a way never before seen.

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Crypto Biz: Onchain lending ramps up, driven by institutional activity

October 19, 2024 Coin Telegraph

Coin Telegraph

Institutional demand is driving a significant increase in onchain loans across DeFi protocols.

Lending platforms are seeing a significant increase in loans processed this year. According to Ledn, a firm offering decentralized lending and savings, it registered a $1.65 billion increase compared with the same period last year.

In the third quarter of 2024, the company processed over $437 million in digital asset loans to institutions, an increase of 14% from the previous quarter. This growth is part of a wider trend of more institutions exploring digital asset-backed loans due to tighter monetary policies and intense competition for access to dollar funding.

“We saw a very healthy jump in institutional demand in July, which has remained steady since then,” said John Glover, chief investment officer at Ledn. “Institutional borrowing demand has also been fairly consistent with the overall ETF demand, where there was a similar jump in July.”

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Going Public ‘Isn’t a High Priority’ for Ripple, Says CEO Brad Garlinghouse – Here’s Why

October 18, 2024 The Daily Hodl

Bitcoin

The possibility that blockchain payments firm Ripple will go public is low, according to the company’s CEO, Brad Garlinghouse. In a new interview, Garlinghouse says that Ripple is not is not eyeing an initial public offering (IPO) because of its relationship with the U.S. Securities and Exchange Commission (SEC). Ripple and the SEC have been at odds […]

The post Going Public ‘Isn’t a High Priority’ for Ripple, Says CEO Brad Garlinghouse – Here’s Why appeared first on The Daily Hodl.

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SEC Officially Appeals XRP Ruling — Will the Court Reverse Ripple’s Win?

October 17, 2024 Bitcoin.com

bitcoin.com

The U.S. Securities and Exchange Commission (SEC) has officially appealed the XRP ruling by Judge Analisa Torres, reigniting the legal battle over whether XRP sales on crypto exchanges qualify as securities. The regulator challenges key aspects of the court decision, including rulings that cleared Ripple executives and non-cash XRP distributions. The outcome could have a […]

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Chevron overturn unlikely to impact SEC’s conduct — Ripple CLO

October 16, 2024 Coin Telegraph

Chevron Deference

In 2023 alone, the Securities and Exchange Commission filed over 20 lawsuits against firms and individuals in the crypto industry.

Ripple’s chief legal officer Stuart Alderoty believes that the June 2024 overturn of Chevron USA Inc. vs. Natural Resources Defense Council by the United States Supreme Court will have little impact on the Securities and Exchange Commission’s (SEC) strategy of pursuing crypto compliance through enforcement.

In an interview with Cointelegraph’s Turner Wright, Alderoty stressed that only a leadership change would cause a shift in SEC posturing.

“I think under this leadership, the SEC has done tremendous institutional damage to what was once a very well-respected agency,” the Ripple CLO said.

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Ripple Invests $25M in Bitnomial’s Platform to Build Regulated Derivatives Market for Digital Assets Like XRP

October 16, 2024 Bitcoin.com

Ripple Invests M in Bitnomial’s Platform to Build Regulated Derivatives Market for Digital Assets Like XRP

Bitcoin

Crypto derivatives exchange Bitnomial is set to launch its U.S. perpetual futures trading platform, Botanical, backed by a $25 million round led by Ripple. The platform, integrating Ripple’s stablecoin RLUSD, aims to challenge decentralized exchanges and offshore models. Bitnomial’s approach to bringing offshore trading models into the U.S. derivatives industry presents a significant market opportunity, […]

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Ripple Announces Initial Exchange Partners for Ripple USD (RLUSD) Stablecoin Launch

October 15, 2024 The Daily Hodl

Altcoins

Payments firm Ripple is announcing exchange partners for the launch of RLUSD, the company’s new dollar-pegged stablecoin. According to a new press release, Ripple Labs is collaborating with crypto platforms Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish to launch Ripple USD. Beta testing for RLUSD rolled out on the Ethereum (ETH) mainnet and […]

The post Ripple Announces Initial Exchange Partners for Ripple USD (RLUSD) Stablecoin Launch appeared first on The Daily Hodl.

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USDS and RLUSD Stablecoins See Uptick in Supply Amid Broader Stablecoin Growth

October 15, 2024 Bitcoin.com

Altcoins

The latest data highlights that the stablecoin market currently sits at $173 billion, with two recently introduced U.S. dollar-backed stablecoins showing significant growth. The decentralized finance (defi) project Sky, previously known as Makerdao, has minted 1.11 billion USDS, adding approximately 104 million coins to its supply over the past five days. In a parallel development […]

Bitcoin vs. Tulip Mania: Why the Comparison Wilts Under Scrutiny

Ripple CEO Slams SEC for Ignoring XRP Ruling, Claims Agency Oversteps Legal Authority

October 14, 2024 Bitcoin.com

bitcoin.com

Ripple’s CEO has intensified criticism of the U.S. Securities and Exchange Commission (SEC), accusing the agency of ignoring a court ruling that XRP is not a security and overstepping its legal bounds. His remarks came after Bitnomial Exchange filed a lawsuit against the SEC, disputing the regulator’s authority over XRP futures. The case adds to […]

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