Ripple’s native currency, XRP, surged by more than 17% on November 15, based on expectations of a friendlier regulatory climate in the US. Ripple Labs and CEO Brad Garlinghouse are facing criticism from industry executives after rumors that the CEO recently met with President-elect Trump began circulating on social media. In response to the rumors,…
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Judge Phyllis Hamilton found XRP could be a security when sold to retail and gave the go-ahead to a class-action lawsuit over statements from Ripple CEO Brad Garlinghouse. A United States federal court judge has greenlit a civil securities lawsuit against Ripple Labs, denying its summary judgment bid in a suit alleging its CEO broke…
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Mathematician Massimiliano Sala says current encryption methods won’t protect blockchain systems from quantum computers. Professor Massimiliano Sala of the University of Trento in Italy recently discussed the future of blockchain technology as it relates to encryption and quantum computing with the crew at Ripple as part of the company’s ongoing university lecture series. Sala’s discussion focused on…
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Ripple purchased blockchain firm Metaco in May 2023 for $250 million as part of efforts to expand its custody services. Adrien Treccani, the CEO of Ripple Labs-owned blockchain custody firm Metaco, has left the company after more than eight years. According to a Feb. 12 Reuters report, Trecanni was no longer the CEO of Metaco,…
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The alleged hack was reported by internet sleuth ZachXBT. Swell fellow benefactor and chief executive Chris Larsen said on Jan. 31 that his own records had been hacked. The news was first announced by crypto investigator ZachXBT, where it was at first believed that the actual organization had been hacked. “Yesterday, there was unauthorized access…
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Ripple’s lawyers argued that the United States Securities and Exchange Commission had more than enough chances to obtain additional documents before the deadline. Attorneys addressing Wave Labs have announced that the US Protections and Trade Commission’s (SEC) solicitation to analyze extra monetary reports isn’t legitimate, given the cutoff time has previously elapsed and needs importance.…
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The approval of Bitcoin ETFs can open the doors for further derivatives products and enhance BTC’s role in decentralized finance, but its long-term impact may go far beyond financial markets. A decade after Cameron and Tyler Winklevoss originally applied to send off the Winklevoss Bitcoin Confidence in 2013, a spot Bitcoin BTC trade exchanged reserve…
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Central issues: Brad Garlinghouse, Chief of Wave, condemned the SEC’s way to deal with controlling digital currencies and called for regulation to safeguard retail financial backers and cultivate advancement. Clear guidelines and protections would empower organizations to explore the advancing administrative scene. With sensible guidelines set up, authentic undertakings and organizations can work with certainty,…
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Central issues: Judge Analisa Torres decides for Wave Labs, expressing that XRP isn’t a security for the situation brought by the SEC. The court perceives the offer of XRP as not comprising speculation requesting, stretching out the decision to institutional deals by Wave. After over three years, the organization got a significant success in the…
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Key Points: Wave’s XRP token sees a relisting flood on digital currency trades after a government court administering in the Wave Labs-SEC fight in court. Crypto.com, Kraken Genius, and Coinbase are among the trades that have continued XRP exchanging. The decision by the court caused an increase in XRP’s price of over 97%; however, the…
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