RIPPLE
Court Ruling Sparks Surge in Ripple's XRP Price and Market Cap
Ripple Labs achieved a partial victory in its case with the U.S. Securities and Exchange Commission (SEC) on July 13, 2023.
Ripple XRP Q2 2023: Market Cap Decline while NFT Transactions Rise, Reported Messari
According to a recent analysis by Messari, the XRP Ledger (XRPL) saw growth and fall in the second quarter of 2023. Despite a 10.7% quarter-over-quarter (QoQ) decline in market cap from $27.8 billion to $24.8 billion, the XRPL, saw its native token, XRP, maintain its position as the sixth-largest cryptocurrency by market capitalization.
Ripple's CBDC Team Reveals Real Estate Tokenization
Antony Welfare, Ripple's CBDC adviser, recently participated in a fintech conference in Central and Eastern Europe (CEE), where he presented two groundbreaking use cases. One of these is the tokenization of real estate, a concept that is rapidly gaining momentum as a potential future for the real estate industry, as he claimed
Ripple Receives Approval for Digital Payment License from MAS
Ripple, a leading provider of enterprise blockchain and cryptocurrency solutions, has announced a significant milestone for its Singapore subsidiary, Ripple Markets APAC Pte Ltd.
Ripple Acquires Swiss-based Metaco, Sets Sights on $10T Institutional Crypto Custody Market
Ripple, the global provider of blockchain-based payment systems, has announced its acquisition of Metaco, a Swiss provider of digital asset custody and tokenization technology.
MoneyTap Expands in Japan with Three New Bank Integrations
MoneyTap, the Ripple-based payment system, has expanded in Japan with three new local bank integrations through SBI Remit. This enables the banks to offer peer-to-peer remittance services to their customers via the MoneyTap mobile application, which features high-security measures.
Ripple Launches Liquidity Hub to Bridge Crypto and Fiat
Ripple has launched a liquidity solution for businesses to access digital assets, including BTC, ETH, ETC, BCH, and LTC, through various market makers. The Ripple liquidity hub aims to bridge the gap between crypto and fiat, and reduce the cost of operations on high-volume transactions. Notably, XRP is not mentioned in the product launch, which could be attributed to Ripple's ongoing court battle with the SEC.
XRP Not a Security According to Hogan
Jeremy Hogan, partner at Hogan & Hogan, argues that Ripple’s XRP does not fit the definition of an investment contract and is therefore not a security. The SEC lawsuit against Ripple claims that the company illegally sold XRP as an unregistered security, but Hogan argues that the SEC has not demonstrated an implied or explicit investment contract.
Ripple CEO Warns SEC's "Enforcement" Approach May Hurt US Crypto Industry
Ripple CEO, Brad Garlinghouse, has suggested that the US Securities and Exchange Commission's (SEC) approach to regulation is putting the US at risk of missing out on being an attractive hub for the next evolution of blockchain and crypto innovation. Garlinghouse noted that the SEC's case against Ripple is the SEC simply playing "offense" and "attacking" the industry as a whole. He added that the crypto industry has "already started moving outside" of the US given its crypto regulation process is "behind" other countries such as Australia, UK, Japan, Singapore, and Switzerland.
SEC Loses Appeal in LBRY Vs. SEC
The crypto community hailed the LBRY ruling that LBC tokens sold on the secondary market are not securities.