The U.S. Securities and Exchange Commission (SEC) is filing a notice of appeal against 2023’s landmark ruling that the sales of the crypto asset XRP only qualify as securities when sold to institutional investors. In a new thread on the social media platform X, Stuart Alderoty, the chief legal counsel of Ripple Labs, says that […]
The post SEC Moves To Appeal 2023’s Landmark Ripple and XRP Securities Ruling appeared first on The Daily Hodl.
Mercado Bitcoin, one of the largest crypto exchanges in Latin America and a partner of Mastercard, is working with Ripple on crypto-enabled international payments.
Blockchain payments network Ripple is collaborating with a major crypto exchange in Brazil to launch cross-border payments enabled by crypto.
Ripple has partnered with the Brazilian Mercado Bitcoin exchange to enable local businesses to settle payments using Ripple’s “managed end-to-end payments solution,” the firm officially announced on Oct. 3.“
With the new payment tool, businesses in Brazil would be able to get “faster, cheaper, more efficient cross-border payments” across the globe 24/7 and settle payments in a matter of minutes, Ripple stated.
Ripple, a digital asset infrastructure provider, has received approval to expand its operations in Dubai. The Dubai Financial Services Authority (DFSA) granted Ripple “in-principle approval” to offer its services from the Dubai International Financial Centre. This will allow Ripple to provide seamless cross-border payment services in the United Arab Emirates and align with its goal […]
The Securities and Exchange Commission first filed the lawsuit against Ripple Labs and both its founders in December 2020.
The United States Securities and Exchange Commission (SEC) filed a notice of appeal in the Ripple lawsuit on Oct. 2, 2024, seeking to overturn an earlier ruling from Judge Analisa Torres.
Legal experts anticipated the regulatory agency's appeal of the 2023 verdict set by Judge Torres, which established that secondary sales of Ripple's XRP did not constitute securities sales.
Torres ruled that XRP was not a security, in and of itself, due to the digital assets' failure to satisfy all the conditions listed in the SEC's Howey test to classify a financial asset as an investment contract.
Asset management firm Bitwise has filed for a spot XRP exchange-traded fund (ETF) with the Delaware Division of Corporations. While this does not confirm an immediate filing with the U.S. Securities and Exchange Commission (SEC), it aligns with Ripple CEO Brad Garlinghouse’s positive outlook on the future of XRP ETFs. Bitwise’s Move Toward an XRP […]
XRP shows strength against the US dollar as open interest surges. Is a move beyond $1 realistic?
XRP (XRP) price was up 5% to trade at $0.6278 on Sept. 29. This is part of a prevailing recovery that began on Sept. 6 and has seen the remittance token rise more than 10% over the last 30 days, fueled by a significant increase in its open interest.
Data from Cointelegraph Markets Pro and TradingView shows XRP rose from a low of $0.5027 on Sept. 6, climbing as much as 26% to an intraday high of $0.6335 on Sept. 29.
BTC/USD daily chart. Source: TradingView
Bitcoin continues to face selling near $65,000, but the intensity seems to be reducing, paving the way for an upside breakout.
Bitcoin (BTC) faces rejection near $65,000 again, making it an essential overhead resistance to cross. A positive sign for the bulls is that Bitcoin’s classic Puell Multiple metric has hit the “green” zone for the first time since the end of 2022.
“Historically, when the green zone was reached, it was followed by an upward price movement,” said CryptoQuant contributor Darkfost in a blog post.
Analyst Rekt Capital highlighted another historical pattern favoring the bulls. He said that Bitcoin breaks out from its reaccumulation range between 154 and 161 days after halving. The analyst added that the most recent Bitcoin halving occurred on April 20, 157 days ago, which puts it within striking distance of a breakout.
The Youtube channel of India’s Supreme Court was compromised, promoting a scam involving XRP cryptocurrency instead of its usual live hearings. The breach temporarily shut down the channel, but services resumed later that day. Ripple CEO Brad Garlinghouse responded, condemning the exploitation of crypto users. XRP Scam Promoted on Supreme Court of India’s Youtube Channel […]
XRP scammers hacked the Supreme Court of India’s YouTube account, and although it was recovered, it lost its subscriber base.
The Supreme Court of India regained control of its official YouTube account shortly after it was hijacked by cryptocurrency scammers selling fake XRP investments.
On Sept. 20, the Supreme Court of India’s YouTube account was used to broadcast a livestream video about fake XRP (XRP) investments featuring Ripple Labs CEO Brad Garlinghouse.
The hackers rebranded the channel to resemble Ripple and deleted all previously uploaded content, as shown in the screenshot below.
The DLT Science Foundation (DSF) has announced its support for the launch of the MiCA Crypto Alliance, with Hedera, Ripple, and Aptos Foundation as founding members. This industry association aims to streamline and enhance compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation, fostering a sustainable and compliant crypto ecosystem. The MiCA regulation, set […]