In an effort to gain market share in the next five years, Ripple, the issuer of XRP, has revealed intentions to establish a stablecoin backed by the US dollar. The goal is to compete with Tether and Circle. Preceding the release, which details plans for the stablecoin initially issued on
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,
A problem with the XRP Ledger’s Automated Market Maker (AMM) pools was brought to light by RippleX, the company’s development arm. Management has notified customers about fund deposits since this malfunction impacts transactions and pools. A twitter post states that the technical team at RippleX has found a problem with
During the previous week, amidst a robust surge in the global market, XRP remained relatively subdued. However, today, the native token of Ripple, XRP, has displayed a notable uptick of 23.3%, surging from $0.60 to $0.74. Additionally, this surge has propelled XRP to the forefront as the top-performing cryptocurrency among
What is it? MEV (Miner Extractible Value or Maximal Extracticle Value) is the income miners can make by changing the order of transactions according to their benefit. They can strategically order transactions within the blocks they mine and use various techniques to make more money. This practice has become so
The cryptocurrency market is known for its volatility, offering both opportunities for significant gains and risks of substantial losses. As the market continues to evolve, investors are constantly seeking the next big altcoin that could potentially explode in value. In this article, we’ll explore five altcoins that have the potential
The firm behind the XRP token, Ripple, has collaborated with the Commercial International Bank (CIB) of Egypt. This is a major achievement for the corporation as it has strengthened its position in the Egyptian market. This follows Ripple’s announcement that it would strengthen its presence outside of the United States,
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
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
A prominent U.S.-based cryptocurrency exchange has successfully defended its users’ transaction data privacy amidst the ongoing XRP lawsuit involving Ripple Labs and plaintiff Vladi Zakinov. According to an on-chain investigator known as Mr. Huber, the U.S. court has sided with Kraken’s argument, dismissing the request for the direct transfer of
