Delaware’s Chancery Court issued a temporary restraining order on Friday limiting Ripple Labs Inc. from carrying out XRP cryptocurrency transaction and equity redemption until Tetragon can sell back its stock. Tetragon Financial Group Ltd, an investor in Ripple Labs filed a temporary restraining order on Jan, 7th. In the motion,...
A pretrial conference on the SEC vs Ripple case has been set for Feb 22, 2021. The pretrial is a conference prior to the actual trial ordered by the court to discuss the issues of the case.The U.S. district couth of New York Southern will facilitate the meeting telephonically in...
The Securities and Exchange Commission (SEC) announced on Tuesday it has filed the lawsuit against Ripple Labs Inc. and two of its executives – Ripple CEO Brad Garlinghouse and cofounder Chris Larsen- for raising over $1.3 billion through an unregistered, ongoing digital asset securities offering. In response, Brad Garlinghouse, the...
The Securities and Exchange Commission (SEC) announced on 22 Dec that it has filed the lawsuit against Ripple Labs Inc. and two of its executives – Ripple CEO Brad Garlinghouse and cofounder Chris Larsen- for raising over $1.3 billion through an unregistered, ongoing digital asset securities offering. As per the...
In an interview with the News outlet Cheddar, the Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has said that it is not clear whether XRP is a security or a commodity. The CFTC chairman is working closely with the SEC to really think about “which falls in what box”,...
Thailand’s oldest bank Siam Commercial Bank (SCB) with 16 million customers partners with RippleLabs to develop an SCB mobile payment application that runs on Ripple to deliver instant, low-cost cross-border payments. In recent years the use of mobile payments has become a preferred method, especially in Asia. Eight of the...
TransferGo, a digital remittance solution for migrant workers is looking to move to Ripple’s On-Demand Liquidity (ODL) payment platform. Ripple’s On-Demand Liquidity (ODL) platform leverages XRP cryptocurrency as a bridge for cross border payments. In 2018 TransferGo partnered with Ripple to help Indian migrant workers send money from Europe to...
MoneyGram, one of the world’s largest money transfer companies currently processes 10% of its U.S-Mexico transaction volume through Ripple’s On-Demand Liquidity (ODL) platform. Ripple’s On-Demand Liquidity (ODL) platform leverages on XRP cryptocurrency as a bridge for cross border payments. MoneyGram Chairman and CEO Alex Holmes announced the news at Ripple’s annual...
Japan’s SBI Holdings yesterday announced that the firm will payout Interim Shareholder Benefits to shareholders in XRP cryptocurrency. The company will give 30 XRP cryptocurrency to each of the shareholders who hold 100 shares or more of SBI Holdings as of September 30, 2019. Eligible Shareholders will be notified by...
