Ripple Is Thriving In South Korea Amid Its Legal Woes

Crypto data aggregator and research platform, Messari said that BTC & XRP are South Korea's most famous holdings.  The research derives its data from Bithumb, Coinone, and Corbit from the financial year 2019.  Ripple, the San Francisco-based blockchain service provider, has had a record-breaking 2020 with significant RippleNet transactions growth. The technology firm also reported the signing of 15 new RippleNet customers to close out 2020 despite the SEC's lawsuit. Ripple's CEO, Brad Garlinghouse, recently said  RippleX has now reached…

SEC Sues Ripple – XRP Price Collapses And Delisting Begins

The United States Securities and Exchange Commission (SEC) has taken legal action against Ripple for selling $1.3 billion worth of unregistered securities via XRP. Consequently, the price of XRP has collapsed, and some platforms have begun to delist the cryptocurrency. SEC Goes To War With Ripple The SEC has filed a lawsuit against Ripple, its CEO Brad Garlinghouse and co-founder Chris Larsen. The latter duo is accused of having carried out unrecorded sales of securities worth $1.3 billion, via XRP.“Ripple…

Ripple IPO is Coming Up: Will it Be the Catalyst to XRP Bullrun?

Ripple's IPO could happen within the next year. Brad Garlinghouse, the Ripple CEO, made this massive announcement while speaking at the World Economic Forum in Davos. The industry executive told a crowd at the Wall Street Journal event that an initial public offering (IPO) is a "natural evolution" for the company.  The World Economic Forum is one of the world's most critical financial gatherings, and Ripple sponsors the event. While speaking there, the CEO opined that IPOs would be more…

Ripple CEO Ascertains XRP’s Place on the Table Amidst USD-backed CBDC Launch.

The race to launch a CBDC among central banks worldwide is perpetually picking up as its development is ongoing in nations like Singapore, while China buckles up for its launch within 202o. However, people's focus is set on the US Federal reserve's potential to release a CBDC backed by the favored currency, USD. In recent times, reports have it that the Head of Blockchain technology said that the company would not release its JPM Coin if the Federal Reserve released…

XRP Cannot Pass as A Security, Says Ripple’s CEO

The classification of XRP has presented various issues, bringing about the class action suit employed in determining the digital asset category. Ripple's CEO, Brad Gradlinghouse, recently confirmed the story, sharing his concerns on the matter. He went on to guarantee that XRP cannot be under the classification of asset security. The primary reason for this followed the lawsuit initially filed against the firm due to its involvement in selling unregistered tokens in 2018. As a result, the Ripple firm's motion…