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XRP
XRP is a digital asset and cryptocurrency that was created by Ripple Labs Inc., a technology company specializing in the real-time gross settlement system, currency exchange, and remittance network. XRP operates on an open-source and peer-to-peer decentralized platform that allows for a seamless transfer of money in any form, be it USD, Yen, litecoin, or bitcoin. XRP is often used by Ripple's payment ecosystem, RippleNet, and is increasingly adopted by banks and payment networks as settlement infrastructure technology. As a bridge currency, XRP also provides liquidity for instant cross-border transactions.
Judge Denies Terraform Labs' Motion to Dismiss SEC Lawsuit, Rejecting Ripple Ruling Precedent
Stablecoin issuer Terraform Labs' motion to dismiss a lawsuit from the U.S. Securities and Exchange Commission (SEC) was denied by a federal judge on Monday. The judge also said he rejected the use of a ruling from Judge Analisa Torres who ruled that Ripple did not violate securities law in selling XRP to retail investors through an exchange intermediary. CoinDesk's global policy and regulation managing editor Nikhilesh De shares the latest developments.
Ripple Exec on Palau Stablecoin Trial on XRP Ledger, SEC Case Ruling
Ripple vice president of central bank engagements and CBDCs James Wallis joins "First Mover" to discuss his insights into the country of Palau leveraging Ripple's CBDC platform and starting a stablecoin trial on the XRP Ledger. Wallis also weighs in on Ripple Labs scoring a partial win against the SEC earlier this month after a judge ruled the sale of Ripple's XRP tokens on exchanges and through algorithms did not constitute investment contracts.
Stellar, Ripple and Solana-Based Investment Funds See AUM Spike in July
The large gains began following Ripple’s partial court victory over the SEC in the middle of the month.
Pacific Island Group of Palau Starts Stablecoin Trial on XRP Ledger
The country has been distributing PSC (Palau stablecoin) for three weeks and the test will run through August.
Crypto Industry Implications of Ripple-SEC Court Ruling Are Unclear: Bank of America
Bank of America (BAC) said in a research report Friday Ripple’s XRP offerings are unique, and the wider applications of the court’s ruling for the crypto industry are difficult to determine. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details.
Implications of Ripple-SEC Court Ruling for Wider Crypto Industry Are Unclear: Bank of America
Ripple’s XRP offerings are unique, and the wider applications of the court’s ruling are difficult to determine, the report said.
Bitcoin Dawdles Below $30K as Investors Eye Coming Fed Rate Decision, BTC Options Expiry
Next week’s U.S. central bank interest rate decision and the bitcoin options expiry are unlikely to move markets, which have been stuck for weeks.
XRP Moving Above 'Cloud' Resistance Is Bullish Precedent for Bitcoin: Analyst
A technical analyst says the surge in XRP has set a bullish precedent for market leader bitcoin (BTC) with a move above key price resistance that has opened doors for a sustained rally. Fairlead's Katie Stockton notes XRP's breakout above the Ichimoku cloud is a good example for bitcoin. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Closer Look at XRP, Bitcoin Performance; Web3 Funding from Venture Capital Funds Slumps
Host Angie Lau breaks down the latest crypto market movements, with a focus on XRP after Ripple's partial win in its legal battle against the U.S. Securities and Exchange Commissioner (SEC). Plus, the latest in Web3 developments as venture funding in the space slows down. Those stories and other news shaping the cryptocurrency world are in this episode of "Forkast IQ."
Chainlink’s LINK Pops 15%, XRP Loses Steam as Bitcoin Revisits $29.6K Range Lows
Tech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets.
