Understanding How Ripple’s Interledger Protocol Works

Payment networks are now fragmented and disjointed. Transferring money within a nation or between accounts on the same system or ledger is quite simple. The same goes for transferring money between accounts on a different network or ledger. In most cases, however, transmitting data from one ledger to another is unfeasible. Even in places where connections are available, they are often manual, sluggish, or costly. Ripple’s Interledger Protocol allows the routing of payments across multiple digital asset ledgers. Meanwhile, it protects both…

Ripple CEO Blames Bitcoin Maximalists for Stifling Crypto Industry

Ripple CEO Brad Garlinghouse recently called out “tribalism” within certain crypto communities for fracturing industry representation. Narrowing in on Bitcoiners, he claimed that polarization from the community “isn’t healthy” and that “all boats can rise” within the space. Ripple’s Regulatory Troubles Garlinghouse made his comments during a CNBC-hosted chat at Paris Blockchain Week Summit last week. He clarified his belief that the entire industry can thrive and that he owns multiple cryptocurrencies including Bitcoin and Ethereum. Ripple is the company behind…

Court Rejects Motions to Drop SEC Lawsuits Amid Ripple Positives

A New York court has declined to drop the Security and Exchange Commission's lawsuit against payments processing company, Ripple. Interestingly, the court also dismissed SEC’s motion against Ripple. Ripple’s CEO Brad Garlinghouse has declared the latest development a “huge win”. Judge Denies Execs' Dismissal Motions A New York court turned down the motions of two senior executives at Ripple to dismiss the pending lawsuit against them. The verdict, delivered by Magistrate Analisa Torres, nullified the executives' motions to drop the…

Ripple Gains Momentum Amidst SEC Positives

Ripple’s price has taken huge strides in the past week. Meanwhile, it bested Solana and Cardano in a fit to reclaim its spot among the top-five biggest cryptocurrencies. A notable increase in daily active addresses and positives from its ongoing case with SEC could be contributing to its pump. On Tuesday, February the 8th, 2022, XRP’s price did a significant jump of 20% within 24 hours. This move took the crypto's trading price to $0.91 at 6:29 UTC – a…

The SEC vs. Ripple Lawsuit Heats Up After Fair Notice Confusion

Ripple is in the spotlight again for its lengthy, ongoing cryptocurrency lawsuit with the Securities and Exchange Commission (SEC). This time, the court has ruled against a defendant claiming that the term "dealer" had no fair notice. Therefore, it would have less binding authority than the “investment contract” term. Nevertheless, attorney Hogan quickly explained that it is the Commission's fault and the burden is on them. Meanwhile, SEC has filed a letter of supplemental authority. This document should support its…

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…

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