XRP, the cryptocurrency issued by US fintech firm Ripple, could see massive price gains if CEO Brad Garlinghouse’s plan to spend $1 billion on acquisitions proves successful. The plan to spend up to a billion dollars from the company’s cash reserves was announced by Garlinghouse in an on-stage interview at the Dubai Fintech Summit last…
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XRP, the cryptocurrency once issued by US fintech firm Ripple, has never fully met the Security and Exchange Commission’s (SEC) definition of a security, a citation from what some believe is an SEC email suggests…. Read More: In SEC emails, Ripple’s XRP Still Doesn’t Meet SEC’s Security Standards Read more »Sign up for e-EUR –…
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This week’s Crypto Biz explores Tether’s first quarter audit, Ripple’s partial victory against the SEC, Worldcoin fundraising and Ledger’s controversial recovery service. Banks want to reduce exposure to crypto businesses, just as crypto businesses are seeking to reduce exposure to the ongoing banking crisis. Tether’s latest audit report shows that the stablecoin issuer withdrew over…
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The US Securities and Exchange Commission and Ripple have requested a one-week extension on unsealing the internal deliberations following a speech by former director William Hinman. On Friday, both the SEC and Ripple reportedly filed a request seeking to extend the deadline for the filing of multiple exhibits including the Hinman documents…. Read More: SEC,…
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XRP was marginally lower on Saturday, as bulls seemingly secured gains, following a recent six-day winning streak. The token, which has risen by nearly 10% in the past week, remains close to a three-week high. Polkadot remained in the green to start the weekend. XRP XRP, formerly ripple, remained close to a multi-week high to…
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The recovery in Bitcoin and most major altcoins halted near respective overhead resistance levels, indicating that the bears are active at higher levels. The United States stock market recovered sharply on May 17 and May 18 on hopes that the debt ceiling agreement could be reached, but the market gave back some of its gains…
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According to court documents shared by James Filan, the Hinman materials will likely be unsealed by June 13. On May 19, James Filan, a defense attorney and ex-federal prosecutor who has been closely monitoring the Securities and Exchange Commission (SEC) vs. Ripple case for the past few years, shared an update regarding the potential unsealing…
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Ripple is bringing on the chief financial officer of market researcher Nielsen to its board of directors, the crypto firm announced on Friday. Warren Jenson was added to the board and was also appointed as Ripple’s chair of the audit committee, overseeing the auditing process of Ripple’s operations, according to a press release. … Read More:…
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Bitcoin’s price has once again dipped below $27,000, indicating a slight selloff in the broader cryptocurrency market. At the time of writing, Bitcoin is trading at $26,632 and experiencing a loss of 2.83% so far today. Other major cryptocurrencies, such as Ethereum (ETH) and Binance Coin (BNB), are also experiencing a decline, with losses of…
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The American fintech Ripple has acquired the Switzerland-based blockchain firm Metaco for $250 million, marking its first entry into the asset tokenization field. The acquisition was announced by Ripple on Wednesday, with the firm saying it expects the deal to help it expand its enterprise offerings, particularly in international markets…. Read More: Ripple’s $250 Million…
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