An enterprise-grade regulated platform for digital assets, Standard Custody & Trust Company, was acquired by blockchain payments provider Ripple Labs. As of yet, regulatory clearance is required before Ripple Labs can complete its acquisition of Standard Custody, a PolySign subsidiary. Requesting clearance from the relevant authorities highlights Ripple’s dedication to
Kristina Campbell, the CFO of Ripple Labs Inc., has left the company. Campbell updated her LinkedIn page to reflect that she had left the firm this month, but the corporation did not make the news public. Campbell’s tenure as CFO at Ripple Labs, which ended with her departure, lasted for
XRP prices experienced a 7.4% increase over the past 24 hours, defying minor gains observed in the broader cryptocurrency market. This surge in value is likely attributed to traders speculating on a positive outcome for Ripple Labs in its ongoing legal battle against the U.S. Securities and Exchange Commission (SEC).
Ripple Signed Climate Pledge on Tuesday. The Climate Pledge has now attracted over 300 businesses from 51 industries and 29 countries. As the US Securities and Exchange Commission (SEC) and Ripple lawsuits continue, Ripple is taking new steps for the future. Ripple, a blockchain company, has signed the Climate Pledge,
The Celsius network filed for bankruptcy last month. Withdrawals and transfers from user accounts have been suspended since June. A prospective acquirer of the assets of the Celsius network is Ripple Labs, the organization that created the XRP cryptocurrency. According to Reuter’s article, the blockchain payments startup is interested in
The former Ripple co-founder sent 1.1 million XRP, valued at $394,742.18. Jed left Ripple Labs in 2014 to co-found Stellar, a competing payment technology. It’s been eight years since Ripple Labs co-founder Jed McCaleb began dumping his XRP holdings, leaving him only 46.7 XRP in his wallet. XRP Scan, a
In the volatile world of cryptocurrency investing, caution is paramount. As new projects emerge and regulatory landscapes shift, smart investors must approach their decisions with careful consideration. Today, we delve into the realm of cryptocurrency investments, focusing on two prominent coins, Ripple (XRP) and Cardano (ADA), and their associated risks.While
The U.S SEC has asked a New York court to consider the “severity” of Ripple Labs’ misbehavior as it seeks a settlement of almost $2 billion from the company. The SEC requested Judge Analisa Torres to authorize the fine. It comprises $876 million in disgorgement, $198 million in prejudgment interest,
As the cryptocurrency market anticipates the onset of a potential bull run, XRP, the digital asset by Ripple Labs, is garnering attention for its potential to revisit its all-time high in the coming months. After a prolonged period of consolidation, XRP appears to be on the cusp of a significant
In a strategic move aimed at bolstering its presence in the evolving digital asset landscape, Ripple has announced its agreement to acquire Standard Custody & Trust Company, a respected platform renowned for its enterprise-grade services in digital assets. Despite its ongoing legal tussle with the U.S. Securities and Exchange Commission
