The network experienced technical issues on February 4 that caused transactions to freeze Ripple’s XRP Ledger has successfully recovered following a network halt that disrupted validations for over an hour. The issue began on February 4, when the blockchain froze at block height 93927174 for 64 minutes. Ripple’s Chief Technology Officer, David Schwartz, explained that
The US dollar-backed stablecoin was recently approved by the NYDFS Ripple is launching its new US dollar-backed stablecoin, RLUSD, today. The news followed approval earlier this month from the New York State Department of Financial Services. Initially, RLUSD will be available on select global exchanges and issued on both the Ethereum blockchain and XRP Ledger,
The New York financial regulator is rumored to be accepting of the RLUSD stablecoin The New York Department of Financial Services (NYDFS) is reportedly set to approve Ripple Labs’ RLUSD stablecoin, an overcollateralized dollar-pegged digital currency. Sources suggest the green light from the regulator could come in the first days of December, potentially paving the
The initiative marks another milestone for Ripple as a financial solution Ripple has introduced a groundbreaking development in the blockchain and financial sectors by launching the first tokenized money market fund on the XRP Ledger. This initiative features asset manager Abrdn’s $4.77 billion US Dollar Liquidity Fund, marking a significant step in bringing real-world assets
The securities regulator is going to appeal a court’s ruling that gave Ripple an advantage The US Securities and Exchange Commission (SEC) has filed an appeal in the ongoing legal battle with Ripple, signaling that the regulator is not backing down. On October 2, the SEC submitted a notice of appeal aiming to challenge the
Ripple Labs will pay $125 million, but closing the case could allow Ripple to flourish A federal judge has ruled that Ripple Labs must pay a $125 million civil penalty in a case brought against the company by the Securities and Exchange Commission (SEC). The decision, released yesterday by Judge Analisa Torres in the US
The suit follows comments made by Ripple’s CEO in 2017 A US federal court judge is going forward with the civil securities lawsuit against Ripple Labs, rejecting its summary judgment in the case alleging that CEO Brad Garlinghouse violated California securities law. Judge Phyllis Hamilton of the US District Court for California’s Northern District issued
The long-running legal dispute is entering its final lap Ripple Labs and the US Securities and Exchange Commission (SEC) recently moved forward in their ongoing legal dispute. The SEC has recently filed its final reply in the remedy stage, marking a critical milestone in the case’s progression. The lawsuit centers on the SEC’s allegations that
A fake video of Ripple CEO Brad Garlinghouse is making its way across the web There’s a new cryptocurrency scam out there that is taking scams to a new level. Reddit users are talking about a deepfake video showing Ripple CEO Brad Garlinghouse requesting that XRP holders send their cryptocurrency to a specific address, with
The approval marks a huge milestone for the cryptocurrency and blockchain Cryptocurrency payments platform Ripple has achieved another regulatory landmark in Ireland, as the Central Bank of Ireland (CBI) has approved the company as a virtual asset service provider (VASP). Ripple made the announcement on December 19, saying it is now on the CBI’s list
A lawyer following the long-running battle says the SEC has virtually no chance of winning The US Securities and Exchange Commission (SEC) recently dismissed its charges against CEO Brad Garlinghouse and executive chair Chris Larsen of cryptocurrency company Ripple, while the regulator also received an unfavorable ruling on the retail sale of XRP. Now, lawyer
The battle between the SEC and Ripple comes to a surprising conclusion after two years Attorneys for the US Securities and Exchange Commission (SEC) disclosed that they aim to dismiss all claims against CEO Brad Garlinghouse and executive chair Chris Larsen of cryptocurrency project Ripple. In the filing in the US District Court for the
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