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Tag Archives: XRP News

Ripple’s Court Triumph: Judge Torres Rejects SEC’s Appeal, XRP Price Expected to Surge

This ruling marked a crucial victory for Ripple, instantly boosting XRP’s price by almost 5%. When Ripple achieved its first victory, although a partial one, in July, the price of XRP spiked from $0.46 to $0.93 in just 10 hours, a stunning 100%+ increase. A federal judge in the United States, Analisa Torres, rejected the US Securities and Exchange Commission’s (SEC) appeal in a significant legal battle against Ripple, the company associated with the XRP token. The judge dismissed the SEC’s...

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Ripple Plans to Expand Workforce beyond US Borders to Asia and Europe

Ripple’s expansion plans come months after its partial victory in its ongoing legal battle with the US SEC. In a strategic move aimed at addressing ongoing regulatory issues in the United States, Ripple, a blockchain payment company, is gearing up to significantly expand its workforce in international markets. In an interview with CNBC on September 13, Ripple CEO Brad Garlinghouse said without revealing the actual locations that over 80% of the company’s new hires for the year will be...

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Ripple Rescues Fortress Trust Customers in Potential Acquisition Deal

Ripple, an investor in Fortress, has stepped in to compensate Fortress customers for any incurred losses as part of the acquisition process. Ongoing discussions surround the potential acquisition of Fortress by Ripple, a cryptocurrency payment network. This unexpected development follows security issues faced by Fortress due to the compromise of a third-party vendor’s cloud tools. While the extent of the crypto loss remains unclear, it raises concerns about the security of clients’...

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Brad Garlinghouse Slams US SEC for Using XRP Quarterly Reports against Ripple in Lawsuit

CoinspeakerBrad Garlinghouse Slams US SEC for Using XRP Quarterly Reports against Ripple in Lawsuit Ripple announced the recent ruling has pushed it to shift its approach to XRP market transparency, particularly on the escrow holdings. Brad Garlinghouse Slams US SEC for Using XRP Quarterly Reports against Ripple in Lawsuit

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