On Tuesday, hackers stole around $112 million of the Ripple-focused cryptocurrency XRP from a crypto wallet, Ripple’s co-founder and executive chairman has disclosed. Ripple’s Chris Larsen said on Wednesday that the stolen crypto was his. Larsen …
Distinct from the Ripple network and protocol, the XRP Ledger is a decentralized public ledger with an open-source code base that anyone can contribute to or use. © 2023 TechCrunch. All rights reserved. For personal use only.
In mid-July, a federal court settled a years-long battle between Ripple Labs and the SEC to decide if Ripple’s XRP token was a security or not. Southern District of New York judge Analisa Torres ruled that the XRP token is not a security when sold to the general public, but it could be treated as…
While Stu Alderoty is Ripple’s lawyer, his advice to others is simple: Build a company in a country where there is a “clear regulatory regime.”
A judge ruled that the crypto token does not make up illegal securities sales, but only in some cases.
The saga of Ripple Labs, the XRP token, and whether the sale of its crypto token constituted a securities law violation in the U.S. advanced today. In a ruling from the U.S. District Court of the Southern District of New York, Judge Analisa Torres gave a nuanced view on the matter. In summary, after examining…
Ripple has announced that it has acquired Metaco, a cryptocurrency custody company based in Switzerland, for $250 million in cash and Ripple equity. With this move, Ripple will expand its offerings as it will now be able to custody, issue and settle any type of tokenized asset. “Metaco is a proven leader in institutional digital…
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