Category: Ripple News
Ripple News and Analysis from varies cryptocurrency media, we summarize all Ripple news into a sitemap summary with link to related Ripple News for the one who wanted to catch up Ripple price change in timely manner.
Court documents show that the company, Tetragon Financial Group, has filed a lawsuit against Ripple after the firm was charged by the U.S. Securities and Exchange Commission. The court filing indicates that Tetragon and Ripple allegedly made an agreement, and the SEC case deeming XRP as an unregistered security should allow them to get funds back. Moreover, weeks after the SEC charges, former Ripple executive Jed McCaleb sold...
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Ripple has inked a deal with a Malaysian money transfer business and Bangladesh’s largest mobile financial services provider to enable a remittance corridor between the two countries.According to an announcement Tuesday, Malaysia’s Mobile Money and Bangladesh’s bKash will leverage Ripple’s global payments network, RippleNet, for wallet-to-wallet transactions.“This partnership will … contribute further to our national economy by encouraging inward foreign remittance flow through legal channels,” said bKash CEO Kamal...
Digital Assets: Grayscale To Liquidate XRP Trust The asset manager cites difficulties in converting XRP to U.S. dollars. Grayscale Investments announced Wednesday its decision to liquidate its Grayscale XRP Trust. The asset manager said it was now proceeding to take steps to dissolve the Trust. On December 22, 2020, the SEC decided to file a federal court action against certain third parties asserting that XRP is a “security”...
Grayscale Investments is shutting down its Grayscale XRP Trust and liquidating its XRP holdings in order to distribute cash proceeds to the trust’s shareholders. The firm cited difficulty in converting XRP into U.S. dollars following the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple. Grayscale Axes XRP Trust Grayscale Investments announced Wednesday that it is commencing the “dissolution of Grayscale XRP Trust.” The company...
Grayscale Investments announced that it has dissolved XRP Trust and the cash proceeds from the liquidation will be distributed among the Trust shareholders after deduction of relevant expenses. The asset management firm mentioned that the recent decision by the SEC is the main reason behind the termination of XRP Trust. The cryptocurrency dipped slightly following the news but stayed above $0.29.According to the official announcement, Grayscale concluded that...
The U.S. President-elect Joe Biden is set to name Gary Gensler as the new chairman of the U.S. Securities and Exchange Commission (SEC) to replace Elad Roisman. During Obama’s administration, Gensler led the U.S. Commodity Futures Trading Commission (CFTC) from 2009 to 2014. The Former Banker Became Part of Biden’s Transition Team in November According to Reuters’ two unnamed sources, Biden has finally decided on his final pick...
Grayscale Investments, the world’s largest digital currency asset manager, announced it has begun dissolution of its Grayscale XRP Trust following the U.S. Securities and Exchange Commission’s lawsuit against Ripple Labs alleging the XRP token is a security under federal securities law.Want to know more click here go to Coindesk market news source.
Ripple CEO Brad Garlinghouse has addressed some of the allegations made by the U.S. Securities and Exchange Commission (SEC) against his company. He focused on answering five questions on what he calls “unproven allegations” by the regulator. Garlinghouse Says There Is ‘Regulatory Chaos’ in the US In a Twitter thread on his official profile, Garlinghouse claimed that the blockchain company “tried” to settle with the U.S. SEC. He...
XRP’s double-digit gains could be the result of a bold bet by retail investors, especially those in Asia, that the cryptocurrency’s price could follow the broader crypto bull run. The latest rally surprised many because it is happening not long after XRP crashed on the news the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Inc., claiming the company sold the token as a security.That...
Ripple CEO, Brad Garlinghouse released a statement in response to some of the uncertainties regarding the recent lawsuit filed by the SEC. He said that 95% of XRP trading is happening outside the US and the company can’t decide where to list the cryptocurrency.According to a Twitter thread by Garlinghouse, Ripple tried to settle the issues with the SEC in the past but failed to reach a successful...
Ripple tried to settle charges of conducting unregistered securities transactions with the U.S. Securities and Exchange Commission (SEC) before the federal regulator sued it in December, CEO Brad Garlinghouse said Wednesday.In a Twitter thread, Garlinghouse addressed what he described as five “key questions” about the SEC’s suit against Ripple, though he warned that he was limited in what he could say as the case is ongoing.“Can’t get into...
