Ripple (XRP)

Ripple began testing its new stablecoin on Thursday, the Ripple USD (RLUSD), on the XRP Ledger and Ethereum mainnets. RLUSD is presently in its beta stage, accessible only to Ripple’s enterprise customers. That means the token is not for public use and is not yet trading on exchanges or usable on DeFi protocols. In a blog last Thursday, Ripple announced, “Ripple USD is currently in its beta phase and is being rigorously tested by our enterprise partners. This phase is crucial for ensuring...

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Judge Analisa Torres of the US District Court for the Southern District of New York has ordered Ripple to pay $125 million to the US Securities and Exchange Commission (SEC) on August 7. The firm must make the transaction within 30 days of its judgment. Ripple had previously argued that the fine must not exceed $10 million as the SEC demanded $2 billion. A court filing mentioned that “Ripple is liable for a civil penalty in the amount of $125,035,150 pursuant to Section 20(d) of the...

TL;DR Ripple is partnering with the Dubai International Financial Center (DIFC) to enhance blockchain and crypto innovation in the UAE, focusing on early-stage companies and scale-ups. This collaboration is seen as a significant milestone for the DIFC, enhancing its role as a global hub for talent and tech. Ripple and Dubai Ripple plans to strengthen its global presence by partnering with the Dubai International Financial Center (DIFC). The DIFC is a special economic zone in...

Following a significant drop to the crucial support region of $0.43, Ripple encountered increased buying pressure and saw a substantial surge, pushing the price back above the 100 and 200-day moving averages. This recent action has left market participants uncertain about XRP’s overall direction, with the upcoming movements likely providing clarity. By Shayan The Daily Chart An in-depth look at Ripple’s daily chart shows that after a sharp decline below the 100 and 200-day...

XRP has decoupled from the broader crypto market, outperforming all top assets in terms of daily gains. While the rest of the market struggles, XRP experienced a sharp price increase of nearly 20% in the past day, reaching $0.64 on Thursday before slightly retracing to $0.61. As a result of the continued uptrend, XRP has managed to post an impressive 42% in monthly gains. This bullish trend is backed by a certain group of whale wallets that have accumulated a significant...

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Ripple, a leader in enterprise blockchain and cryptocurrency solutions, has announced a new partnership with the Dubai International Financial Centre (DIFC). This collaboration aims to boost blockchain and digital asset innovation in the UAE. The DIFC Innovation Hub is a key player in Dubai’s innovation development, hosting over 1,000 tech firms, digital labs, and venture capitalists. The partnership will enable Ripple to access the DIFC’s diverse base of developers and innovative firms. It...

Ripple has been fined $125 million in the lawsuit against the United States Securities and Exchange Commission. This is just a fraction of what the SEC had previously asked for in the case. The fine that Judge Analisa Torres settled on is far less than the $1 billion in disgorgement and prejudgment interest and $900 million in civil penalty the SEC sought. XRP investors have seen this as a positive for the firm and the cryptocurrency, which exploded by more than 20%...

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