The SEC May Try to Settle with Ripple Before Case Reaches Trial

The drawn-out legal dogfight between Ripple and the Securities and Exchange Commission (SEC) may have taken a dramatic twist in favor of the blockchain-based digital payment company. According to a recent tweet from Attorney Jeremy Hogan, the SEC may try to settle with Ripple before the case ever reaches trial. He explained that less than 10% of criminal and civil lawsuits ever make it to trial due to resource pressures faced by the U.S. legal system.  The attorney gave his…

Cryptocurrency as a Modern-Day Savings Account

Ever since the launch of cryptocurrency and blockchain technology, several advancements concerning finance have been introduced. The idea was to make transactions safer, more reliable, and permanent using blockchain.  Initially, the technology was focused only on providing payment currencies like Bitcoin, Litecoin, and Bitcoin Cash. More recently, crypto has been focusing more on providing comprehensive financial-related services, including trading and banking.  One service that crypto has replicated from the traditional banking systems is savings. Crypto assets have proven to be…

Moneygram Sued By Investors Over Ripple (XRP) Links

The legal turmoil affecting blockchain platform Ripple (XRP) has spilled over to MoneyGram, a major partner in the payment network. The payment processing giant has been slapped with a class-action lawsuit for its association with Ripple.  MoneyGram sued over Ripple lawsuits This latest development was reported by law firm Rosen in a recent statement. The class-action lawsuit, which was submitted yesterday, accuses MoneyGram of providing misleading information to investors. It also charges the payment firm for failing to educate investors regarding…

Bitcoin and Ethereum Hits All-time Highs As Crypto Market Turns Green

The crypto market is in the bullish zone led by the two largest cryptocurrencies, Bitcoin and Ethereum. The leading cryptocurrencies have hit new all-time highs in the last 24 hours, and this has caused a ripple effect in the market.  Bitcoin And Ethereum Hit All-time Highs Bitcoin has continued to make rapid gains in recent weeks, buoyed by recent institutional adoption. In the past two weeks, the leading cryptocurrency has made 30% gains from $38k and recently crossed the $50k…

Cardano’s (ADA) Market Cap Exceeds Ripple’s XRP For The First Time

Cardano (ADA) has experienced an extended bull run in recent months, which has led the altcoin to new milestones. The market capitalization of ADA has exceeded Ripple (XRP) for the first time and is ranked 4th on the coin rankings.  Cardano (ADA) Overtakes Ripple (XRP) Cardano (ADA) surpassed the market cap of XRP in the late hours of February 7, 2021. This was after a week in which the altcoin made significant gains in the market. ADA had enjoyed a…

KFH Launches Cross-border Payment Services on RippleNet

Kuwait Financial House (KFH) has launched a cross-border payment service using RippleNet technology. This, according to the bank is part of its commitment towards adopting the latest financial technology to enhance customer banking experience.  As per the report, the cross-border payment service was developed to perform instant transfers to KFH-Turkey. KFH revealed that customers would be able to perform instant transfers to Turkey with zero transaction fees. Besides, KFH also plans to roll out the payment service to other countries…

Dutch Central Bank Hails Ripple’s Capacity For Real-Time Payments

De Nederlandsche Bank (DNB), which is Netherlands' central bank, has shown interest in Ripple's payment protocol. The bank hailed Ripple's network as an excellent infrastructure that can boost the Dutch payment system's efficiency and speed. DNB referenced research conducted by the National Forum on innovative ways to improve the Dutch retail payment system. The study found that Ripple could offer financial institutions such as banks the infrastructure needed to facilitate real-time payments. As per the research, Ripple's fast blockchain technology…

Lulu Exchange UAE Airs Its Partnership With Ripple and Federal Bank

Lulu Exchange UAE announced a partnership between Ripple and the Federal Bank of India to increase faster and cheaper real-time payments from the UAE to India. Since Ripple’s lawsuit led to big losses, these newsstands as a good shot for the company’s progress, the UAE is one of the world's leading countries in integrated communications technology. It is constantly advancing its telecommunication infrastructure to allow for greater Internet penetration, closing the gap between physical and digital solutions. UAE Is Innovating…

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…

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