Ripple and DIFC Partner to Drive Blockchain and Crypto Adoption in UAE

August 8, 2024 Bitcoin.com

bitcoin.com

Ripple has unveiled its plan to partner with the Dubai International Financial Centre (DIFC) Innovation Hub to promote blockchain and crypto adoption in the UAE. The collaboration seeks to encourage innovation among early-stage companies and large institutions. Ripple has dedicated one billion XRP to provide financial, technical, and business support to developers on the XRP […]

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Ripple Hails Victory as Judge Cuts SEC’s Penalty Request by 94% in Final Judgment of XRP Case

August 7, 2024 Bitcoin.com

bitcoin.com

District Judge Analisa Torres has cut the penalty requested by the U.S. Securities and Exchange Commission (SEC) in the case against Ripple Labs over XRP by 94%. The court partially granted the SEC’s motion for remedies against Ripple, imposing a $125 million civil penalty. “This is a victory for Ripple, the industry, and the rule […]

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Ripple Gears Up for Rollout of RLUSD Stablecoin With Launch of New Webpage

August 6, 2024 The Daily Hodl

Daily Hodl

San Francisco-based payments company Ripple has rolled out a new webpage for its upcoming dollar-pegged stablecoin. The firm says on the new page that Ripple USD (RLUSD) will be issued on the XRP Ledger and the Ethereum (ETH) blockchain. Ripple notes the stablecoin will be fully backed by cash and cash equivalents and redeemable on […]

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Demand for XRP on Crypto Exchanges Rebounds to Pre-Lawsuit Levels: Kaiko Analytics

August 5, 2024 The Daily Hodl

crypto exchange

Demand for XRP is bouncing back on digital asset exchanges, according to crypto analytics firm Kaiko. After a long, drawn-out lawsuit with the U.S. Securities and Exchange Commission (SEC) that ultimately ended in the ruling that XRP sold on exchanges does not constitute a security, Kaiko says demand for XRP is back. “Since last year’s […]

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Ex-Ripple board member, Biden adviser joins Harris campaign: Report

August 5, 2024 Coin Telegraph

Coin Telegraph

Economics adviser Gene Sperling joined Ripple’s board in 2015 after serving under Presidents Bill Clinton and Barack Obama.

One of United States President Joe Biden’s senior economic advisers and a former member of Ripple Labs’ board of directors will be leaving the White House to join Kamala Harris’ 2024 presidential campaign.

In an Aug. 5 notice, President Biden said Gene Sperling would leave his administration, where he had worked as a senior adviser since 2021. Reports suggested that Sperling will join Vice President Kamala Harris’ campaign with roughly three months until the presidential election, with leading candidates including herself and Republican nominee Donald Trump.

Sperling joined Ripple’s board in 2015 after serving as an economic adviser under Presidents Bill Clinton and Barack Obama. He served in the Biden administration starting in 2021. At the time of publication, Ripple’s website did not list the economic adviser as one of its nine-member board of directors.

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Presidential Candidate Kamala Harris Adds Ex-Binance Adviser to Campaign Team: Report

August 4, 2024 The Daily Hodl

Binance

Democratic presidential candidate Kamala Harris is reportedly adding an ex-Binance adviser to her campaign team. According to a new report by Politico, the Harris campaign has hired David Plouffe – an ex-political advisor to former President Barack Obama who once served on Binance’s Global Advisory Board. An anonymous source familiar with the matter tells Politico […]

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Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Ripple CEO Slams SEC Hypocrisy and Haphazard Crypto Regulation

July 31, 2024 Bitcoin.com

Binance

Brad Garlinghouse, CEO of Ripple, criticized the U.S. Securities and Exchange Commission’s inconsistent regulatory practices after the regulator revealed its intention to amend its complaint against Binance concerning the security status of certain crypto tokens. He highlighted the contradiction between SEC Chair Gary Gensler’s statements and the agency’s actions, emphasizing the need for clear, consistent […]

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Ripple CEO Suggests Vice President Kamala Harris Steer Clear of Anti-Crypto Rhetoric

July 28, 2024 Bitcoin.com

bitcoin.com

Ripple CEO Brad Garlinghouse has criticized Congressman Brad Sherman’s anti-crypto comments, urging Vice President Kamala Harris to distance herself from such views. The Ripple executive warned that opposing cryptocurrencies is equivalent to opposing innovation, benefiting Republicans who support technological progress. He emphasized the need for the U.S. to align with other advanced economies with clear […]

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Ripple CEO: Kamala Harris Could Reset US Crypto Regulation

July 25, 2024 Bitcoin.com

bitcoin.com

Ripple CEO Brad Garlinghouse believes that U.S. Vice President Kamala Harris “has an incredible opportunity to provide a reset on critical issues for U.S. competitiveness (like crypto regulation).” He noted that she is no stranger to Silicon Valley. Moreover, he cautioned against making assumptions based on political affiliation, warning that it could hold the crypto […]

Ripple Legal Chief Offers SEC Advice on Reforming Crypto Rules Under New Leadership

Price analysis 7/24: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

July 24, 2024 Coin Telegraph

Avalanche

Bitcoin bulls are trying to protect the $65,500 level, but if they fail, a drop to $62,000 is possible.

Crypto exchange Kraken said in a July 24 X post that it had distributed all the funds to the Mt. Gox creditors. However, that has not boosted Bitcoin’s (BTC) volatility, suggesting that the recipients of the repayments are not rushing to book profits as anticipated by a few analysts.

Similarly, the launch of spot Ether (ETH) exchange-traded funds (ETFs) failed to start any fireworks in Ether, suggesting that the markets are in a wait-and-watch mode. A minor positive is that the Ether ETFs witnessed net inflows of $106.6 million on the first day, even after $485 million in outflows from Grayscale’s freshly converted Ethereum Trust.

Bitcoin and select major altcoins have been consolidating for some time, indicating indecision between the bulls and the bears about the next directional move. The longer the range, the stronger the trigger needed for the price to break out from it.

Ripple

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