In a significant turn of events, XRP, the cryptocurrency associated with Ripple, experienced a significant surge in value, climbing over 9% early on Friday, reaching $0.529. This surge followed the U.S. Securities and Exchange Commission’s (SEC) decision to dismiss the lawsuit against Ripple executives, including CEO Brad Garlinghouse and Executive
Today’s Decision Is Another Victory For Ripple After Three Years Of Misguided SEC Scrutiny SAN FRANCISCO–(BUSINESS WIRE)–Ripple, the leader in enterprise blockchain and crypto solutions, announced today that CEO Brad Garlinghouse and Executive Chairman Chris Larsen were cleared of all claims brought against them by the U.S. Securities and Exchange
According to whale monitoring resource Whale Alert, an unknown wallet transferred 23.7 million Ripple (XRP) valued at $11.5 million to major Latin American exchange Bitso on Wednesday. The large transfer occurred around 7:56 PM UTC on October 11th. Notably, the whale only spent a tiny fraction of XRP, around 0.000015
Crypto tracker Whale Alert recently detected two massive XRP transactions totaling nearly 60 million tokens worth over $59 million. The transfers were sent from a wallet linked to Ripple Labs to the digital asset exchanges Bitstamp and Bitso. Each transaction carried over 29 million XRP. Ripple has moved large sums
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
Blockchain tracker Whale Alert detected the transfer of nearly 90 million XRP tokens worth over $45 million recently. The shifts come as new possibilities emerge in the long-running Ripple lawsuit following a denied appeal bid. According to Whale Alert, Ripple transferred 60 million XRP valued at $31 million to an
Payments technology firm Ripple took home top honors at the recent PAY360 Awards organized by the Payments Association. Ripple won the “Best Use of Digital Currencies/Assets in Financial Services” category for its pioneering work with digital assets in finance. The PAY360 Awards recognize achievements and innovation across the payments industry.
In a significant setback for the U.S. Securities and Exchange Commission (SEC) in its quest to regulate the cryptocurrency market, a federal judge has rejected the SEC’s request to appeal her recent ruling involving Ripple Labs, the company behind the XRP token. District Judge Analisa Torres ruled that the SEC
Issuance of license follows in-principle approval granted in June 2023 SINGAPORE & SAN FRANCISCO–(BUSINESS WIRE)–Ripple, the leader in enterprise blockchain and crypto solutions, announced today that its Singapore subsidiary Ripple Markets APAC Pte Ltd has secured its Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). The
Ripple is backing out of its planned acquisition of Fortress Trust only 20 days after announcing the purchase in order to ostensibly increase its number of licenses in the U.S. Yesterday, Ripple CEO Brad Garlinghouse said on Twitter about the decision to abandon the acquisition. However Ripple will continue to
