Category: XRP

Coinbase is filing an amicus brief in support of Ripple Labs amid the San Francisco payment company’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The top US crypto exchange requested permission to file the brief in late October and on Monday, U.S. District Judge Analisa Torres ruled that Coinbase and all

The CEO of financial technology firm InvestReady is seeking the court’s approval to file a legal document that will support the U.S. Securities and Exchange Commission (SEC) in its legal suit against payments company Ripple Labs. In a Linkedin post, Adrian Alvarez says that the recent fiasco involving crypto exchange FTX prompted him to consider

File-sharing and payments protocol LBRY has lost its battle with the U.S. Securities and Exchange Commission (SEC) after a federal judge ruled that the firm violated securities laws when it sold LBRY Credits (LBC). The SEC filed a suit against LBRY in 2021 alleging that the New Hampshire-based company sold LBC as an unregistered security

A leading digital assets manager is reporting that institutional investors have been buying up XRP for the last three consecutive weeks. In its latest Digital Asset Fund Flows Weekly report, CoinShares says XRP’s boost in institutional flows suggests that investors think the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs is looking weaker. The

The U.S. Securities and Exchange Commission (SEC) is filing a motion to extend the amount of time it has to reply to the numerous amicus briefs supporting Ripple Labs. The SEC sued Ripple Labs in late 2020 for allegedly issuing XRP as an unregistered security, and now numerous amicus briefs are looking to prove the

Crypto legal expert Jeremy Hogan says the amicus briefs filed in the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple are harming the SEC’s case. Hogan says the amicus briefs are strengthening Ripple’s case in the lawsuit the markets regulator filed against Ripple alleging XRP to be an unregistered security. “One of the things

Deep-pocketed crypto whales are moving over $130 million worth of Dogecoin (DOGE) and XRP as crypto markets plateau this week. An unknown wallet sent 150 million DOGE worth more than $20.7 million to another unknown wallet on Tuesday, according to the blockchain-tracking platform Whale Alert. A half-hour later, a third unknown wallet sent 300 million

Non-fungible tokens (NFTs) are now live on the XRP Ledger (XRPL) after a new amendment enabling extensions supporting a native NFT type on the ledger was activated. David Schwartz, Ripple’s chief technology officer, says in a new blog post that RippleX engineers built the new feature using a no-smart-contracts approach to increase its cost-effectiveness and

The team behind the largest euro-backed stablecoin is announcing integration with Ripple Lab’s XRP Ledger (XRPL). In a new blog post, Stasis, the company behind STASIS EURO (EURS), says they have completed integrating EURS into the XRP Ledger. Says Stasis CEO Gregory Klumov, “Another brick has just been added into the foundation of EURS, and it

Yet another two parties are attempting to weigh in on the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple. Top crypto exchange Coinbase and the crypto lobbying group the Blockchain Association are both seeking the court’s permission to file legal documents known as amicus briefs in the Ripple case, according to files shared by