XRP Attorney Lays out Ripple’s Removal From NY Greenlist
John Deaton, the legal counsel for over 75,000 XRP token holders in the Ripple vs. SEC litigation, discussed New York developments. He claims that these actions have no “political or punitive” motivations. The New York Department of Financial Services (DFS) has garnered attention for its recent action of removing Ripple and Dogecoin from its list […]
Ripple Labs Expands Liquidity Hubs to Brazil, Australia
Ripple Labs extends its global footprint, granting Brazilian and Australian businesses seamless access to its innovative Liquidity Hub platform. According to the research, there has been a substantial shift in the difficulties associated with adopting new technology: “If we look back to the ’90s and the early 2000s, the technical challenge at the time was […]
Ripple Ensures Customer Security Amid Acquisition Transition
As reported in a news article, Ripple, a prominent player in cryptocurrency payments, has intervened to mitigate the financial losses suffered by clients of Fortress Trust, a blockchain infrastructure-focused startup. According to Fortress Trust, the incident was caused by a security vulnerability involving a third-party vendor’s compromised cloud tools. Ripple, already a minority investor in Fortress, […]
Ripple’s Fortress Trust Acquisition Expands US Licensing
Fortress possesses a Nevada Trust license, enabling them to provide asset custody services, whereas Ripple holds in excess of 30 licenses spanning various jurisdictions within the United States. Ripple, a financial technology company, has announced its intention to acquire Fortress Trust to acquire additional regulatory licenses in the United States. This development was disclosed in […]
Binance CEO Dismisses Criticism, Claims ‘no liquidity issues’
Changpeng Zhao stated that despite the FUD, the crypto industry has scored a number of significant victories in recent weeks. Changpeng ‘CZ’ Zhao, co-founder and CEO of Binance, has dispelled recent rumors about his company, affirming that its balance sheet and employee retention remain robust despite recent market volatility. In a Sept. 7 post on […]