Ripple Making Good Progress In Case With SEC, According To CEO

Following months of ongoing battles and legal pressure, Ripple is finally making some progress in its lawsuit with the SEC. CEO Brad Garlinghouse said he expects the case to finally end next year. Lawsuit Update From Brad Garlinghouse Brad Garlinghouse – CEO of Ripple – elaborated on the lawsuit’s latest development in an interview with CNBC on Monday. The lawsuit began in December of 2020, with the SEC accusing Ripple of selling $1.3 billion worth of XRP in an unregistered…

Ripple CEO Calls DOGE Inflationary – While Ripple’s Inflation May Have Reached 20%

Ripple CEO took a shot at a competing crypto - the famous meme coin DOGE. He said he wouldn't hold it due to its inflationary nature. However, one research firm showed that Ripple's inflation rate reached 20% last year. Brad Garlinghouse, the CEO of Ripple Labs, took a shot at Dogecoin due to its alleged inflationary nature. "I am not convinced, somewhat controversially, I guess, that dogecoin is good for the crypto market," he said. DOGE is the giant meme…

Cryptos Drop With Bitcoin as After Threats From China – Twitter Rules Out Holding Bitcoin On Balance Sheet

Crypto markets are in the red after a 7-week rally. Major cryptos dropped with Bitcoin on Tuesday, down from record highs just a week ago. Bitcoin was down 7.3% in the last 24 hours. At one point, the largest crypto briefly dipped below $60,000, going as low as $58,702. It later rebounded, trading at around $60,550. At the same time, the largest smart contract crypto Ethereum dropped 9.2% to $4,287. Binance Coin dropped to $583, 9% down in the same period. Solana…

Major Pakistan Bank Partners With Ripple To Facilitate Remittances From UAE

The case for crypto in developing countries is getting stronger. This is due to the newest development from the United Arab Emirates. UAE's financial services provider LuLu Exchange has partnered with Pakistan's leading Alfalah bank to facilitate remittances - with Ripple. Specifically, to aim of the partnership is to facilitate remittances from UAE to Pakistan. Cross-border payments are one of Ripple’s primary use cases. Blockchain tech could now benefit the 1.5 million Pakistanis who live in the UAE. Ripple network could…

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…

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