Ripple could potentially satisfy the $125 million penalty by transferring XRP to a federal address, setting a new precedent for digital asset settlements. If Ripple’s settlement includes XRP, it could legitimize cryptocurrencies within U.S. financial frameworks and influence future regulatory decisions. Reports are evolving regarding the legal saga between Ripple Labs and the U.S. Securities…
XRP offers near-instant settlements (3–5 seconds) and significantly lower transaction costs ($0.0002 compared to SWIFT’s $50), positioning it as a future-ready alternative for global payments. XRP’s “secret weapon” lies in its liquidity, freeing up capital tied in dormant accounts under SWIFT. The XRP community believes that global finance dynamics are changing quickly and that the…
As an analyst delves into the discussion, the OCC’s recent decision to improve banks’ accessibility to crypto assets is expected to greatly benefit XRP. XRP has been tipped to hit $33 as a renowned crypto analyst dismisses the “market cap argument.” Crypto analyst Xaif has weighed in on the recent groundbreaking decision by the Office…
Ripple CTO David Schwartz refuted claims about new XRP minting, confirming the supply is hard-capped at 100 billion tokens with no function to create more. XRP Ledger’s design and security measures, including invariant checkers, strictly prevent any manipulation of the token supply, ensuring its immutability since inception. A new wave of speculation has stirred up…
XRPL is advancing infrastructure with permissioned domains that enable access control, allowing institutions to set KYC and AML-compliant rules for participation. Credentials are verified without storing personal information on-chain, ensuring privacy while meeting regulatory requirements. The XRP Ledger (XRPL) is spearheading the development of on-chain financial infrastructure with the launch of Permissioned Domains (XLS-80). It’s…
ZachXBT has disclosed that Chris Larsen, Ripple’s co-founder, suffered a crypto loss of approximately $150 million in January 2024. Investigators linked the theft to the 2022 LastPass breach, where hackers exploited stolen credentials from encrypted vaults to access Chris Larsen’s private keys. The massive theft of 283 million, valued at $150 million at the time,…
According to Attorney Fred Rispoli, Ripple may be required to pay the full $125 million fine as the SEC delays further decisions, awaiting new leadership. The lawsuit, which began in December 2020, stems from the SEC’s claim that Ripple conducted an unregistered securities offering. Legal experts say the protracted legal battle between Ripple Labs and…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In an interesting turn of events, the January 2024 theft of 283 million XRP (worth approximately $150 million at current market price) from the wallet of Ripple co-founder Chris Larsen has been linked to the security breach of password manager LastPass. This…
Brad Garlinghouse’s $50M investment in crypto education aims to improve public understanding and adoption of digital assets. The initiative aligns with increasing U.S. government attention on cryptocurrency, further validating the sector’s importance. Ripple CEO Brad Garlinghouse has announced a $50 million grant to support the newly established National Cryptocurrency Association (NCA), aiming to enhance cryptocurrency…
Cardano founder Charles Hoskinson clarified that he was unaware of ADA’s inclusion and confirmed that he isn’t going to the White House Crypto Summit. Anatoly Yakovenko, co-founder of Solana, voiced strong opposition to a federally controlled U.S. Strategic Crypto Reserve. As per the latest report from Unchain, sources familiar with the matter stated that two…
