With the cryptocurrency market in freefall, investors and funds are looking for utility-based projects that provide real-world value. Companies building despite market conditions continue to develop, grow and support the entire ecosystem. The utility can come in many different shapes and sizes, although the utility desperately needed throughout the industry
In two consecutive transactions, the assets were unlocked. Ripple locks 800 million XRP out of the 1 billion XRP it unlocks each month. Ripple (XRP) was released from escrow earlier today, according to the cryptocurrency whale tracking website Whale Alert. 900 million XRP have been released from an unknown escrow
The XRP buyback program is intended to be sold to On-Demand Liquidity (ODL) firms. The use of Ripple’s ODL solution has increased significantly in the last quarter. When Ripple released its Q2 2022 financial report, it revealed that it has been purchasing XRP back from the secondary market. The XRP
Stuart Alderoty stated that SEC is pressurizing the crypto market regularly. There is an urgent need for responsible crypto legislation in Washington, as per Alderoty. Ripple’s General Counsel, Stuart Alderoty, recently criticized U.S Securities and Exchange Commission (SEC) for its viewpoint on cryptocurrency regulation. According to Alderoty, the SEC is
QNB launched a direct remittance service from Qatar to the Philippines. It is the first bank in Qatar to introduce this Service. A direct remittance service for money transfers from Qatar to the Philippines has been launched by Ripple partner QNB. It now holds the distinction of being Qatar’s first
The Securities and Exchange Commission (SEC) filed a lawsuit against Ripple in 2020. The court has not yet determined the token’s regulatory status. One of the most popular cryptocurrencies by market capitalization, XRP, is a security, according to Rep. Brad Sherman (D-CA) at a recent congressional hearing on the SEC’s
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
Ripple spent over $100 million on legal expenses. U.S. judge denied the SEC’s requests for attorney-client privilege. In a recent interview, Brad Garlinghouse, the Chief Executive Officer (CEO) of Ripple (XRP), stated that the company’s involvement in the case against the Securities and Exchange Commission (SEC) financial expense, they will
76% of financial firms expected to use cryptocurrencies in the next three years. As per the financial organizations, crypto is an effective fence against inflation. The leading crypto solutions provider, Ripple has a recent forecast on crypto adoption among financial organizations. According to Ripple, in the next three years, about
CrossTower partnered with Ripple to add XRP Ledger NFTs. Marketplace allows the creators to onboard the NFT projects quickly. The crypto trading platform, CrossTower has recently announced a collaboration with the leading crypto solutions provider, Ripple. With the latest partnership, they aim to add NFT tokens minted on the XRP
