Ripple Labs’ Chief Legal Officer (CLO) Stuart Alderoty expressed concerns over the pattern the US SEC exhibits in flouting the law. The Ripple CLO is particularly concerned about the regulator’s approach to enforcement under Chairman Gary Gensler. This latest comment comes after a Federal Court of Appeals declared that the SEC acted “arbitrarily and capriciously,”…
Al Maryah Community Bank has chosen to leverage the services of Ripple ODL partner LuLu to facilitate cross-border money transfers. In a recent development, LuLu Exchange, Ripple’s business partner based in the UAE, has formed a strategic alliance with Al Maryah Community Bank (Mbank), the acclaimed first fully integrated virtual bank in the United Arab…
Peter Brandt, a veteran trader with over 40 years of experience, has set a target of $1,993 for Ethereum (ETH) following the asset’s breakout of a recently formed right-angled expanding triangle. Brandt made this projection yesterday during his latest analysis of Ethereum’s recent price movements. The trader shared a daily ETH chart on X, identifying…
Data has shown that Americans are exhibiting a greater degree of enthusiasm toward XRP compared to Ethereum (ETH). Specifically, Google Trends data reveals that XRP commands a significantly higher search volume among Americans than ETH and blanket terms like ‘cryptocurrency.’ Over the past 30 days, XRP consistently ranked higher in search volume by a considerable…
Ripple locks back 800 million XRP within 24 hours after releasing 1 billion coins from its escrow accounts. In a strategic move to maintain stability within the XRP market, Ripple has returned 800 million units of XRP to its escrow account. The leading blockchain company performed the transaction less than 24 hours after it unlocked 1…
The Chief Technology Officer (CTO) of Ripple, David Schwartz, has drummed support for the Burn2Mint approach from Xahau, admitting that it could be a source of demand for XRP. Xahau, a sidechain on the XRP Ledger (XRPL) to enable smart contracts, recently launched with its native token, XAH. XRPL Labs, the team behind Xumm, is…
In a recent report, Forbes weighed in on the possibility of Bitcoin becoming a $1 million value asset with far-reaching consequences for other digital assets like XRP. The Forbes report was titled: “Global Wartime Inflation —Shock $25 Trillion Predicted Fed Flip To ‘Trigger’ A $1 Million Bitcoin, Ethereum, XRP And Crypto Price Boom.” Notably, the…
With ADA experiencing a massive surge in recent times, this article highlights three potential scenarios for the eighth-largest cryptocurrency in the short term. Cardano (ADA) has been recording significant gains recently, surging over 20% in the past two weeks. ADA’s recent upward trajectory has left many holders anticipating a potential rally towards the $0.50 price…
HashKey Group, a Hong Kong-based digital asset management business, has made a significant move by launching its first trading application specific to retail crypto investors. Local publishing firm South China Morning Post (SCMP) captured this development in a report today, November 1. According to the report, HashKey Group unveiled a retail-focused platform dubbed HashKey Exchange…
Binance has burned a whopping 760 million Terra Classic (LUNC) for its 15th monthly burn, bringing total LUNC burn to 39.5 billion amid the sustained campaign. The exchange’s latest burn exercise occurred today at 05:37 (UTC), involving exactly 760,419,955 (760.4 million) LUNC, currently worth $47,465 against prevailing rates. The amount burned represents 50% of fees…