Ripple CEO Brad Garlinghouse has made it clear that Ripple will fight the U.S. Securities and Exchange Commission’s (SEC) appeal for as long as necessary. The SEC is appealing a court decision from July that ruled XRP’s programmatic sales were not securities. This ruling had been a partial win for
An XRP Spot ETF has been proposed by Bitwise Asset Management, a cryptocurrency fund manager based in the United States. This is seen by Ripple advocates as a major step forward. The SEC has accused Ripple of generating $1.3 billion via unregistered XRP transactions. And the firm has been involved
Bitwise, a cryptocurrency asset manager, has formally applied to the US Securities and Exchange Commission to become the first spot XRP exchange-traded fund (ETF). The filing states that, after the Bitwise XRP ETF receives SEC clearance, it will provide investors access to the value of the XRP owned by the
In an effort to make sure the stablecoin works well when it launches, Ripple has minted an additional 1.35 million RLUSD to the XRP Ledger. Ripple is gearing up for a crucial period of regulatory reviews and market integration, which is when this development occurs. With 2.45 million RLUSD created
The price of XRP has slipped over 4% in the last 24 hours, despite a positive announcement regarding Bitwise Invest’s filing for an XRP exchange-traded fund (ETF) in Delaware. On Wednesday, October 2, the altcoin saw its value dip to $0.5843, following a Monday jump that closed at $0.6336. Compared
The Delaware Division of Corporations website now displays an application for a Bitwise XRP exchange-traded fund (ETF). The filing states that the Bitwise XRP ETF was established on September 30, 2024. The CSC Delaware Trust Company, with headquarters in Wilmington, Delaware, was named as the registered agent. Brad Garlinghouse, CEO
Starting with “Uptober”, the 2024 Q4 looks set to welcome some big token movements. Ripple’s XRP is attracting interest for its possible breakout. However, Cardano’s (ADA)struggles seem to extend. Rexas Finance (RXS), a new RWA token with an amazing presale run, is in contention to lead the next market rise.
The global crypto market starts October, often called “Uptober,” with optimism, but it’s not without challenges. Also, many cryptocurrencies ended September on some positive note, and XRP was no exception, closing in the $0.65 zone—a level it last seen during the March bull rally. Further, Ripple’s ongoing battle with the
Two significant updates, “fixEmptyDID” and “fixPreviousTxnID,” were recently released to the XRP Ledger (XRPL). Some bullish market sentiment was sparked by the recently offered enhancements, which got positive feedback. This is subsequent to the preceding fixAMMv1_1 amendment’s implementation. With the impending debut of the USD-backed stablecoin RLUSD, the Ripple ecosystem
The XRP Ledger (XRPL) is making significant strides with its latest updates, sparking enthusiasm within the crypto community. Recently, the protocol introduced two major amendments named “fixEmptyDID” and “fixPreviousTxnID.” These updates were successfully approved by 31 validators, surpassing the required threshold for implementation. Ripple has also been actively working on
