To Establish Its Trade, Thallo Partners with Ripple
Thallo, a web3 climate firm, has partnered with Ripple and Climate Collective for its ground-breaking blockchain-based marketplace for premium voluntary.
Ripple
Fox Journalist Calls to Investigate SEC Amid XRP Lawsuit
Fox Journalist Eleanor Terrett said there are conflicts of interest in the SEC over the XRP lawsuit. Source of Terrett said Bill Hinman pushed the case, despite the SEC and Ripple being willing to settle. Atty. John Deaton was positive that they’ll get an investigation after midterms. The SEC vs Ripple’s XRP lawsuit once again built a commotion on Twitter, as Journalist Eleanor Terrett of Fox Business said there are “definite conflicts of interest” and a need to put an investigation over SEC members then and now. The commotion began after Bill Hinman, former director of the SEC’s Division of
I-Remit Advances Its Use of Ripple’s ODL
I-Remit is a Philippines-based non-bank remittance service provider. I-Remit is among the early adopters of ODL. Internal treasury payments earlier face the same challenge as cross-border settlements. In order to improve its cross-border treasury flow, I-Remit, a non-bank supplier of remittance services with headquarters in the Philippines, has stated that it has increased its usage of Ripple’s On-Demand Liquidity (ODL) product. I-Remit is one of ODL’s early users and has been utilizing the payment system to send money across borders in real-time to the Philippines since 2018, according to a recent release by Ripple. I-Remit will this time enhance its
XRP Booms as Ripple Execs Request to Expedite Case
XRP is booming despite most leading altcoins struggling to reestablish key support levels. At the time of writing, XRP price has gained 11.7% in the last 24 hours. The XRP surge is in sync with Ripple executives filing a motion to expedite the case. The price of XRP has been on a continuous climb in the last two days despite the greater crypto market having a tough time in reestablishing key support levels. In fact, in the last 7 days, only XRP gained in price among the top 20 cryptocurrencies. At the time of writing, XRP is changing hands at
Judge Reject SEC Motion to Revoke Amici Status and Bar John Deaton
The SEC asked Judge Torres to revoke XRP Holder’s amici status last week. In addition, the SEC wants to bar John Deaton from further proceedings. Judge Torres denied the motion of SEC earlier today. The United States Securities and Exchange Commission (SEC) sent a letter last week to Judge Analisa Torres, one of the US District Judges who conducts court proceedings of SEC vs Ripple lawsuit, asking to revoke amici status granted to XRP Holders and to bar John Deaton from further proceedings. Earlier today, defense attorney James Fillan tweeted Judge Torres denies the said SEC’s motion. Deaton, the attorney
FOMO Pay to Utilize Ripple’s On-Demand Liquidity
Ripple has announced a collaboration with FOMO pay. The collaboration is part of the company’s strategy to expand its reach in Southeast Asia. FOMO Pay’s treasury managers had to use other modes of payment in EUR and USD. Ripple has announced a collaboration with Singapore-based major payments institution FOMO Pay to use Ripple’s crypto-enabled business technology to improve its cross-border treasury flows. FOMO Pay is a Singapore-based payments institution that enables seamless cross-border treasury flows for its clients. It uses On-demand liquidity (ODL) to streamline these flows, improving efficiency and reducing costs. This partnership is a great example of how
McCaleb Empties XRP Wallet After 8 Years Selling off
After many months of waiting, Jed McCaleb finally emptied out the XRP wallet. The wallet contains a total of 18.6% of XRP’s circulating supply The price of XRP temporarily halted its recovery ahead of the Ripple June 7 hearing. According to blockchain researcher XRP Scan, Jed McCaleb emptied his last XRP wallet on May 19. The former Ripple CTO and co-founder had been gradually selling off his 9 billion XRP since 2014. At current prices, that would be worth over $2.6 billion. This sell-off had been a cause of concern for the XRP community. Many worried that it would put
XRP Price on Track for ATH With Bullish Indicators
Major altcoins are outperforming Bitcoin by a significant margin. XRP showed the Cup and Handle pattern on its 4-hour chart. Jed McCaleb has sold all of his XRP, Ripple confirms. At the moment, the crypto market appears to be back in full swing, as some major cryptocurrencies are showing bullish indicators. For instance, leading altcoins such as Ethereum (ETH), XRP, and Polygon (MATIC) are outperforming Bitcoin (BTC) by a huge margin. However, among these three, XRP is the most interesting altcoin to watch out for due to the presence of a couple of bullish signals. As seen on the chart
US Senate Elects Ex-Ripple Advisor as Fed Vice Chair for Supervision
Michael Barr was confirmed by the US Senate as vice chairman for supervision at the Fed. Barr, who was President Biden’s pick for the position, was also an ex-Ripple advisor. Twitter users speculated Ripple’s XRP will moon after the announcement. Michael Barr, a law professor and former Ripple advisor, was appointed as vice chairman for supervision at the Federal Reserve by the US Senate on Wednesday. Barr, who was US President Joe Biden’s pick for the vice chair for supervision of the Federal Reserve System, was confirmed to sit in the position for four years. The US lawmakers voted 66-28
Ripple CEO Says Coins Without Utility Will Disappear
Ripple CEO says only utility-based crypto tokens will prosper in the future. He adds that tokens with no utility will eventually disappear. The firm is eager to kick-off its Ripple CBDC Innovate challenge. The XRP community is abuzz on Twitter as a Ripple fan shares a video of Ripple CEO Brad Garlinghouse. The focus of the video clip is about how important utility in crypto tokens are to the CEO. In fact, from the video clip, we can see that Garlinghouse clearly mentions how he believes that only tokens with utility will prosper. More so, he says that crypto tokens
Ripple Opens Crypto Hub in Toronto, Aims to Hire Hundreds
Ripple announces its intention to make Canada a crypto hub. The company will hire hundreds amid global crypto layoffs. It aims to open an engineering hub to drive innovation in the country. Ripple is opening an office in Toronto, Canada. The blockchain company is hoping to make Canada serve as a crypto hub. In fact, Ripple is planning on hiring 50 engineers to have the hub kick into full gear. As the year goes by, they plan to hire hundreds more. As we can see from the tweet above, the announcement seems to be receiving a very warm reception from
Ripple Partners With Fluf World To Bring ‘Open Metaverse’ via the Root Network
Ripple and Fluf World announced partnership to launch ‘Open Metaverse’ via The Root Network. The Root Network will connect to the Global XRP community to grant access to NFTs over FLuf’s ecosystem. The Open Metaverse allows other projects to mint, buy, sell, or trade in-network tokens on The Root Network Ripple, the company behind XRP, has partnered with Fluf World to launch an ‘Open Metaverse’ via The Root Network. According to the Fluf world’s press release, the partnership claims to bring great possibilities to both of their communities by expanding the utility of XRP as its default gas token. The
